Learning Objectives
After studying this chapter, you should:
■ Understand the primary infor- mation flows within the business environment.
■ Understand the difference between accounting information systems and management information systems.
■ Understand the difference between a financial transaction and a non- financial transaction.
■ Know the principal features of the general model for information systems.
■ Be familiar with the functional areas of a business and their principal activities.
■ Understand the stages in the evolu- tion of information systems.
■ Understand the relationship between external auditing, internal auditing, and information technology
auditing.