AFM333 Chapter Notes - Chapter 2: Information System, Business Process, General Ledger

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM333
• Professor: Seth Brouwers

Document Summary

Globalization: growing interdependence of the world economies, cultures, and populations, brought about by cross-border trade in goods and services, technology and flows of investment, people and information. Impact of accelerating technology change: 1980s, modern second generation programming languages, adoption of packaged systems for application, personal computer, commercial release of the cellphone, 1990s. Laptop, personal computer and mouse driven graphical user interface: commercial adoption of the internet, netscape"s first commercially available browser, client/server and mainstream packaged erp platforms ran operations for many large. Launch of amazon as an online book retailer businesses: 2000s to 2010. Smartphones, mobile networks, mobile internet: high speed internet, apple ipod, iphone. Social media transformed communication, social policy and geopolitical change: cloud based model of computing, ai, autonomous vehicles, drones, 3d printing, blockchain, nanotech, genome-sequencing, the changing role of technology, data processing in the 70s. Supporting the business: taking inputs of general ledger transactions and creating financial reports.