Information Systems

Client-Server Model
A configuration in which one computer, designated as a server, sends information to a number of other 'client' computers.
Data Capture
Data capture refers to the process of inserting information into a computerized system. It enables efficient storage, retrieval, and utilization of data, often in real-time, to facilitate optimized business operations.
Database
A Database is an organized collection of information held on a computer. It can be managed by a Database Management System (DBMS), which allows for efficient handling of data.
Decision Support System (DSS)
A Decision Support System (DSS) is an information system that supports business or organizational decision-making activities. DSSs serve the management, operations, and planning levels of an organization and help in making decisions, which may be rapidly changing and not easily specified in advance.
DP: Data Processing
Data Processing (DP) refers to the collection, manipulation, and processing of data to produce meaningful information that aids decision-making. It is a fundamental aspect of computer science and information technology.
Electronic Data Interchange (EDI)
Electronic Data Interchange (EDI) is the process of transferring data between and within companies electronically, utilizing standardized formats to enhance efficiency and accuracy.
Information Systems
Information systems encompass any written, electronic, or graphical methods of communicating information. The basis of an information system is the sharing and processing of information and ideas. Computers and telecommunication technologies have become essential information system components.
Real-Time Processing
Real-time processing involves the immediate processing of data and information requests with minimal delay, while updating the relevant database simultaneously. This requires advanced computational power and sophisticated application software.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.