347 Study Guide - Exam 1 PDF
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This study guide covers various business topics, including business processes, business models, enterprise risk management, internal controls, and risks related to purchasing third-party software, like ERP. It's a comprehensive guide for students.
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347 study guide -- Exam 1 Ch. 1 - Business processes: definitions and examples - Business models: types and examples - Information system definition and components - Transactional information system vs. modern AIS (i.e., what data do they collect?) Ch. 2 - 4 Processes in enterpr...
347 study guide -- Exam 1 Ch. 1 - Business processes: definitions and examples - Business models: types and examples - Information system definition and components - Transactional information system vs. modern AIS (i.e., what data do they collect?) Ch. 2 - 4 Processes in enterprise risk management - How to calculate risk score - How to prioritize risks - Ways to respond to risks and examples Ch. 3 - Internal controls as process vs. activity - Internal control functions - Who is responsible for internal control implementation, monitoring, assessment - Separation of duties definitions and examples - COSO framework components, objectives, levels Ch. 4 - Risks of purchasing third party software - ERP: Out of the box ERP, Configurable ERP, and Customizable ERP: definitions and examples
