Principles Of Auditing & Other Assurance Services
Principles Of Auditing & Other Assurance Services
21st Edition
ISBN: 9781259916984
Author: WHITTINGTON, Ray, Pany, Kurt
Publisher: Mcgraw-hill Education,
bartleby

Videos

Textbook Question
Book Icon
Chapter 8, Problem 1RQ

List and describe the major components of an information system.

Expert Solution & Answer
Check Mark
To determine

Define the major components of an information system.

Explanation of Solution

Information system:

Information technology is a system of a large set of hardware and software needed to manage and control the information of an organization. When the information technology performs a specific organization process then it is known as an information system.

Define the major components of an information system:

Following are the major components of an information system:

  • Hardware: Physical equipment required for the input, output and the storage of the data are known as hardware.

Example: Computer, Scanner, Monitor etc.

  • Software: Computer programs needed for providing the command to the computer system is known as software. There are two types of software: operating software and application software. Operating software controls and command to the whole information system and the application software performs a specific process.

Example: Windows is an operating software and tally is application software.

  • Data: The information provided as an input and collected as output in the information system is known as data.

    Example: Sales transaction recorded in the system is input data.

  • People: Human resources required for running and managing the information system are known as people.

    Example: Accountant managing the tally software.

  • Procedure: It is the norms and policies of the company for storing and processing of data in the information system.

Example: Company policy states that the bills will be recorded on the priority basis of the highest amount.

  • Network:  It is the system of communicating the data from one unit of the organization to another unit.

Example: network communicating the information to the branches to the head office of the organization.

Thus, hardware, software, data, procedure and network are the components of an information system.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Distinguish between entity relationship diagrams, data flow diagrams, and system flowcharts.
Explain how the E-R diagrams is used to prepare database tables. Also, include explanation of cardinalities.
What is a data flow diagram? What are the different levels from most general to most detailed? Draw the common symbols used.
Knowledge Booster
Background pattern image
Accounting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Personal Finance
Finance
ISBN:9781337669214
Author:GARMAN
Publisher:Cengage
Text book image
Auditing: A Risk Based-Approach (MindTap Course L...
Accounting
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Cengage Learning
Text book image
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Text book image
College Accounting (Book Only): A Career Approach
Accounting
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:South-Western College Pub
Understanding Systems Development Life Cycle; Author: GreggU;https://www.youtube.com/watch?v=shNOYFlmBOU;License: Standard Youtube License