2013

INFORMATION SYSTEMS CONTROL AND AUDIT

CA-FINAL

ISCA
BY RAHUL SHARMA

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INFORMATION SYSTEMS
CONTROL AND AUDIT
WITH MNEMONIC

BY

RAHUL SHARMA

RAHULSHARMA

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HOW TO STUDY THESE NOTES

Refer these notes ISCA with DINESH MADAN SIR Book or Study Material.
Revise at least 5 times before exam its take 1-2 hour maximum and
very helpful for points only. So very helpful to get at least 50+ marks.
Large no of MNEMONIC CODE is given in RIGHT SIDE which are
Highlighted in YELLOW COLOUR and which are very helpful for
remembering points.

All rights reserved with the Authors. No part of this publication may
be reproduced or transmitted, in any form or by any means, without
permission. Any person who commits any unauthorised to this
publication may be liable to criminal prosecution and civil claims for
damages.
Every effort is taken to avoid errors or omissions in this publication.

RAHULSHARMA

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Chapter: 1

Information system concept

Characteristicsofgoodinformation:TQM CAR
T:TIMELINESS,TRANSPARENCY
Q:QUALITY:

PRESENTATIONUTILITY
TIMELESSUTILITY
PLACEUTILITY
POSSESSIONUTILITY

M:MODE&FORMAT
C:COMPLETENESS
A:ACCURACY
R:RELEVANCE&PURPOSE
R:REDUNDANCY

CHARACTERISTICSOFANEFFECTIVECLAIMorLIMCA
C:COMMONDATABASEFLOWS
C:COMMONDATABASE
C:COMPUTERIZED
L:LONGTERMPLANNING

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A:AEXCEPTIONBASED
I:INTEGRATED
M:MANAGEMENTORIENTED
M:MANAGEMENTDIRECTED
M:MODULARITY

MISCONCEPTSABOUTMIS:RAM
R:RELATEDWITHCOMPUTERSONLY
A:ACCURACYINREPORTINGISPRIMEIMPORTANCE
M:MOREDATAMEANSMOREINFORMATION

CONSTRAINTINOPERATINGACOMPUTERBASEMIS:DELHI
D:DIFFICULTYINQUALIFYINGOFMIS
E:EXPERTSARENOTAVAILABLEPROPERLY.
L:LACKOFCOOPERATIONFROMSTAFF
H:HIGHTURNOVEROFEXPERTS
I:INSTALLTIONANDOPERATINGPROBLEMINSELECTINGTHESUBSYSTEMOFMIS.

EFFECTOFUSINGCOMPUTERBASEDMISMPinBSF
M:MORECOMPREHENSVEINFORMATION
P:PROMPT&EASYRERIVALOFINFORMATION
IN:INCREASETHEEFFECTIVENESSOFINFORMATIONSYSTEM
IN:INCREASETHESCOPEOFUSEOFIS
IN:INCREASECOMPLERUTYOFSYSTEMDESIGN&OPERATION
B:BETTERINTEGRATIONOFWORKINGOFDIFFENTSUBSYSTEMOFBUSINESSORGANISATION
S:SCOPEOFWIDENANALYSISTER
F:FAST&TIMELYDATAPROCESSING

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LIMITTATIONSOFMIS:QUALITYC.D.byBPL
QUALITY:QUALITYOFOUTPUTDEPENDSONTHEQUALITYOFINPUTS&PROCESSES
C:CANNOTSUBSTITUTEANEFFECTIVEMANAGEMENT
D:

DOESNOTTAKEINTOACCOUNTNONQUANTITIVEFACTORLIKEHUMANJUDEMENT.

D:DOESNOTPROVIDEADHOCREPORTSSUITABLETOTHEREQUIREMENTOFDECESION
MAKERSBASEDONTHEEXTERNALDATA.
B:BASEDONINTERNALDATAONLY.
P:PROVIDEDETAILED&SUMMARIZESINFORMATIONFROMOPERATIONALDATABASE
CREATEDBYTRANSACTIONPROCESSINGSYSTEM.
P:PREPAREDFORVARIOUSFUNCTIONLIKEFINANCE,MARKETING,PRODUCTION&
PERSONNEL.
P:PREPAREDPREDEFINEDPERIODICREPORTS&EXCEPTIONSREPORTBASEDONINTERNAL
DATA.
L:LESSUSEFULFORNONSTRUCTUREDDECESION.

CHARACTERISTICSOFINFORMATIONUSEDINEXECUTIVEDECESIONMAKING:
LOWLEVEL&LACKOFFDI
LOWLEVEL:LOWLEVELOFDETAIL
LACK:LACKOFSTRUCTURE
F:FUTUREORIENTATION
D:DEGREEOFUNCERTAINTY
I:INFORMEDSOURCE

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DIFFERENCEINTPS,MIS,DSS,EIS:TYPE&LEVELOFFDI
TYPE:TYPEOFINFORMATION
LEVEL:LEVELOFORGANISATIONSERVED
F:FOCUS
D:DECESIONCAPABILITIES
I:IMPETUS(DRIVINGFORCES)

COMPONENTOFEXPERTSSYSTEM:INU.K.EXPLANATIONFACILITY
IN:INFERENCEENGINE
U:USERINTERFACE
K:KNOWLEDGEBASE
K:KNOWLEDGEACQUISITIONFACILITY
EXPLANATIONFACILTY

CONTENTOFEIS:MEGA

M:MEETTHEORGANISATIONOBJECTIVELIKERESOURCEMANAGEMENT&UTILIZATION.
E:ENCOURAGETHEOWNERSHIPOFORGANISATIONOBJECTIVE.
G:GENERATEITSCONTENTSAUTOMATICALLYINNATURALDAYTODAYPROCESS.
A:ADAPTABLE

RAHULSHARMA

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FEATUREOFTPS

HEisB.A.

H:HANDLELARGEVOLUMEOFDATAFORPROCESSING
E:EASILYMEASURABLEBENEFITLIKEREDUCEWORKLOADFORPERSONALSETC.
B:BASETOOTHERINFORMATIONSYSTEMORPROVIDEINPUTSTOOTHERINFORATIONSYSTEM
A:AUTOMATESROUTINESORBASICOPERATIONS

CHARACTERISTICS&CAPABILITIESOFDSSPSUHMT
P:PROVIDESUPPORTFORSOLUTIONOFSEMISTRUCTURE&UNSTRUCTURED

S:SUPPORTFORVARIOUSMANAGERIALLEVELS

S:SUPPORTISPRROVIDEDTOINDIVIDUALASWELLASGROUPS

S:SUPPORTAVARIETYOFDECISIONMAKINGPROCESSESS&STYLES

U:UTILIZEBOTHINTERNAL&EXTERNALDATABASE.

U:USERFRIENDLYFEATURES,STROGGRAPHICCAPABILITIES

H:HELPUSERTOAPPLYHISKNOWLEDGE

M:MODIFY&CONSTRUCTOFSYSTEMBYENDUSER

T:TECHNOLOGY:OFFERSINTERACTIVEDISPLAYTECHNOLOGY

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COMPONENTOFDSS:PMatDU

P:PLANNINGLANGUAGE

M:MODELBASE

D:DATABASE

U:USER

USESOFDSSINACCOUNTINGAPPLICATIONS:B.S.C.

B:BUDGETVARINACEANALYSIS.

S:SECURITYANLYSIS&PORTFOLIOMANAGEMENT.

C:COSTACCOUNTINGPROBLEM.

C:CAPITALBUDGETTING

BENFITSOFOFFICEAUTOMATIONSYSTEM:RACE

R:RECEIVE,TRANSFER,STORE,RETRIEVEREQUIREDDOUCEMENTEFFICIENTLY.

A:ACCURACYINMESSAGECOMMUNICATIONS.

C:COSTOFMESSAGECOMMUNICATIONISLOWER

C:CYCLETIMEPREPARTION,RECEIPT&COMMUNICATIONOFMESSAGE.

E:EFFICIENTCOMMUNICATIONSYSTEMWITHIN&BETWEENORGANISATIONS.

KEYOFFICEAUTOMATIONSYSTEM:ELECTRONICTV

ELECTRONIC:ELECTRONICMESSAGECOMMUNICATIONSYSTEM.

ELECTRONIC:ELECTRONICDOUCEMENTMANAGEMENTSYSTEM.

T:TEXTPROCESSORS&RELATEDSYSTEM.

V:VIDEOCONFERENCING&TELECONFERENCINGSYSTEM.

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