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Basics of  Computers WHAT IS A COMPUTER? A computer is an electronic and programmable machine, constituting a major part of ICT. Computer is a Latin word which means Compute. It’s a calculation machine which responds to particular sets of instructions in a well-defined manner. It is an electronic device which keeps records of plenty of documents.   FOUR FUNCTIONS OF COMPUTER:   These are the four most important functions of computer- Firstly, Input is the raw information which enters the computer from the input devices. Secondly, Process is the operation of data as per given instruction. Thirdly, after data processing Output is the processed data which is given by computer. Lastly, Storage is the area where data can be kept on permanent basis.   SIX ELEMENTS OF COMPUTER: These are the 6 important elements of Computer- People : they are the one who operate the computer system. Procedure: these are written in the hardware and software manuals. Softwar

  8 STEPS IN THE DATA LIFE CYCLE Whether you manage data initiatives, work with data professionals, or are employed by an organization that regularly conducts data projects, a firm understanding of what the average data project looks like can prove highly beneficial to your career. This knowledge—paired with other data skills—is what many organizations look for when hiring. No two data projects are identical; each brings its own challenges, opportunities, and potential solutions that impact its trajectory. Nearly all data projects, however, follow the same basic life cycle from start to finish. This life cycle can be split into eight common stages, steps, or phases: 1.      Generation 2.      Collection 3.      Processing 4.      Storage 5.      Management 6.      Analysis 7.      Visualization 8.      Interpretation     DATA LIFE CYCLE STAGES The data life cycle is often described as a cycle because the lessons learned and insights gleaned from one data project t

  What is Enterprise Performance Management? Enterprise Performance Management (EPM) is a process supported through planning, reporting, and business intelligence software that enables an organization to connect its strategy with planning and execution. This approach came to fruition in the mid-90s and incorporated past, present, and forward-looking information—in addition to business drivers—for a more comprehensive method of financial and operational planning. Some of the key components of EPM systems include planning, budgeting, and forecasting capabilities and the ability to monitor performance measures (KPIs), provide analysis, and manage reporting. Enterprise Performance Management also encompasses the financial close, consolidate, and report process. Ultimately, these suites of solutions are to support the business by linking the strategic plan with the annual budget and the periodic forecast using both bottom-up and a top-down methodology. EPM software is designed to inte

WHAT IS ICT ICT is an acronym which stands for INFORMATION and COMMUNICATION TECHNOLOGY.  It was coined by Stevenson in 1997. ICT deals with technology and covers all the technologies which are used in it.  It deals with storage, communication and processing.  It includes all those things which store, retrieve or receive any information in a digital form.  For example: computers, digital TVs, Radio, Internet, emails. ADVANTAGES OF ICT ICT has changed the way how people see the world in last two decades. It has enhanced the business and personal lives of the people. Better Communication : It saves time and money because it is much quicker to share information around. Cost Effectiveness: the devices under ICT are far cheaper now than in the past. Such as skype, twitter, facebook etc. Greater Availability: the websites are always available for communication every moment. Creating jobs: one of the most important advantage of ICT. It has created new and interesting jobs in IT

UNIT I: Information Systems and Data Governance INTRODUCTION An  accounting as an information system  (AIS) is a system of collecting,  storing and processing financial and accounting data that are used by decision makers. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources. The resulting financial  reports can be used internally by management or externally by other interested parties including investors, creditors and tax authorities. Accounting information systems are designed to support all accounting functions and activities including auditing, financial accounting & reporting, -managerial/ management accounting and tax. The most widely adopted accounting information systems are auditing and financial reporting modules. WHAT ARE ACCOUNTING INFORMATION SYSTEMS? What do the following have in common? (1) A shoebox filled with a lawyer’s expense receipts, (2) The mont