ACC200 Ch7 Set 2 REVERSED Flashcards
(21 cards)
used to extract data stored in databases (operational databases & data warehouses) & transfer the data into data analysis tools
Data extraction & transfer
used to analyse data to identify interrelationships & insights that can be used to create intelligence for better business decisions
Data analysis
include user interface applications that display results of the data analysis on the user’s computer
Data visualisation
often interactive, permitting the viewer to see the effect of changes in various scenarios, parameters, & variables
Digital dashboard
may be scattered throughout an organisation
Shadow data storage
Fig 7.9 pg268
Shadow data
given the widespread use of spreadsheets, ways to transfer data from the accounting database into spreadsheets have been streamlined to meet this demand.
a relational database management system (RDMS) is used to estract data from the operational database, using queries; because the data analysis application may not be compatible with the database’s RDBMS query commands, software called Open Database Connectivity (ODBC) is used
Shadow data extraction & transfer
may be necessary to translate the data analysis query commands into commands that are compatible with RDBMS commands
Open database connectivity (ODBC)
one reason often cited for the popularity of spreadsheets among accountants is the ease of performing data analysis. The end-user accoutant can perform relatively complex data analysis from a desktop computer using spreadsheet analysis tools.
Shadow data spreadsheet analysis tools
a database connection was established to connect to the accounting database system; then the selected data stored in the accounting system is extracted & imported into a spreadsheet, such as a data list
Extraction & transfer
analyse the data the put it in a visual form
Analyse & visulaisation
make a decision ad then take action
Decision & action
in 1958 by Hans Peter Luhn, an IBM researcher, who defined intelligence as “the ablity to apprehend the interrelationship of presented facts in suc a way as to guide action towards a desired goal” (Luhn, 1958)
The concept of business intelligence first introduced?
“Through 2012, more than 35% of the top 5,000 global companies will regularly fail to make insightful decisions about significant changes in their business & markets” (Gartner Business Intelligence Summit, 2009)
In 2009, Gartner Group predicted?
a specialised type of business intelligence. The use of accounting data to make more intelligent decisions or a tool used to extract accounting data from the operational database for BI applications
Accounting Intelligence
a term more widely used in Europe to refer to the use of information technology to solve problems. Business informatics focuses on how to use information technology to solve business problems.
Informatics
worked collaboratively to develop Duet, a product that extracts data from the SAP R3 relational database & transfers the data into Excel
SAP & Microsoft
it bypasses rigorous T software engineering, it is quicker to build & implement. The end-user accountant does not have to wait on IT staff to design, develop, build, & deliver the application
Shadow data advantages
it bypasses rigurous IT software engineering, there is minimal testing, documentation & security
Shadow data disadvantages
80% of time & resources should be invested in the accounting system design & 20% should be invested in maintenance of the system
Where should time be delegated?
