WGU D217 ACCOUNTING INFORMATION
SYSTEMS FINAL REVIEW PAPER 2026
COMPLETE SOLUTIONS GRADED A+
⫸ Sales Order Processing Subsystem Answer: The portion of the
revenue cycle involved in receiving, fulfilling, and billing a customer
order; encompasses steps from order placement to customer invoicing.
⫸ Cash Receipts Subsystem Answer: The portion of the revenue cycle
focused on receiving, recording, and depositing cash payments from
customers.
⫸ Sales Order Answer: A document prepared by the seller, which
formalizes the details of a customer's purchase order (i.e., items ordered,
quantity, price, terms, etc.)
⫸ Purchase Order Answer: A document prepared by the buyer
authorizing the seller to sell them specified products at a determined
price.
⫸ Stock Release (Picking Ticket) Answer: A document sent to the
warehouse authorizing the release of specified items for shipment.
,⫸ Packing Slip Answer: A document accompanying shipped goods that
describes the content of the package.
⫸ Shipping Notice Answer: A document prepared in the shipping
department that provides pertinent details about the shipment, such as
the date, carrier, and items shipped; sent to billing.
⫸ Bill of Lading Answer: A formal contract between the seller and the
carrier for the transportation of goods; it establishes legal ownership and
responsibility for goods in transit.
⫸ Sales Invoice Answer: The customer's bill, which formally depicts
the charges for the merchandise or services.
⫸ Sales Journal Answer: A special journal used for recording completed
sales transactions.
⫸ Journal Voucher Answer: A document that summarizes the details of
a financial transaction and is used to update the general ledger.
⫸ Inventory Subsidiary Ledger Answer: A detailed record of each item
of inventory including information such as quantity on hand, reorder
point, and reorder quantity.
,⫸ Accounts Receivable (AR) Subsidiary Ledger Answer: A detailed
record of each customer's account including name, address, transaction
dates, balance, and credit limit.
⫸ Credit Memo Answer: A document authorizing a customer to receive
credit for returned merchandise.
⫸ Remittance Advice Answer: A document included with a customer's
payment that contains information necessary to properly apply that
payment to the correct customer account (e.g., account number, invoice
information, etc.)
⫸ Remittance List (Cash Prelist) Answer: A list of all cash received by
the company that includes the amount received and the name and/or
account number of the customer submitting the payment.
⫸ Cash Receipts Journal A journal used to record all transactions
involving cash receipts. Answer:
⫸ Intelligent Agents Answer: Software programs that can automatically
review and validate Internet orders as they are received, reducing the
need for human intervention.
⫸ Electronic Data Interchange (EDI) Answer: A system of exchanging
standardized business documents between trading partners
electronically.
, ⫸ Accuracy Answer: Information that is free from material errors,
ensuring reliability for decision-making.
⫸ Advisory Services Answer: Professional services offered by public
accounting firms to improve a client organization's operational
efficiency and effectiveness, including business advice, information
system design, and internal control assessments.
⫸ Accounting Information System (AIS) Answer: A system that
collects, processes, and reports financial information, providing it to
internal and external users to support decision-making.
⫸ Attest Function Answer: The independent examination and
evaluation of an organization's financial statements by a certified public
accountant (CPA), resulting in a formal audit report.
⫸ Audit Committee Answer: A subcommittee of a company's board of
directors composed of independent members, responsible for oversight
of the audit process, and serving as a liaison between internal and
external auditors and management.
⫸ Centralized Data Processing Answer: A data processing model where
all processing is done by one or more large computers at a common data
center, accessed by users through terminals.
⫸ Certified Fraud Examiner (CFE) Answer: A professional certification
for auditors with expertise in fraud detection and investigation.
SYSTEMS FINAL REVIEW PAPER 2026
COMPLETE SOLUTIONS GRADED A+
⫸ Sales Order Processing Subsystem Answer: The portion of the
revenue cycle involved in receiving, fulfilling, and billing a customer
order; encompasses steps from order placement to customer invoicing.
⫸ Cash Receipts Subsystem Answer: The portion of the revenue cycle
focused on receiving, recording, and depositing cash payments from
customers.
⫸ Sales Order Answer: A document prepared by the seller, which
formalizes the details of a customer's purchase order (i.e., items ordered,
quantity, price, terms, etc.)
⫸ Purchase Order Answer: A document prepared by the buyer
authorizing the seller to sell them specified products at a determined
price.
⫸ Stock Release (Picking Ticket) Answer: A document sent to the
warehouse authorizing the release of specified items for shipment.
,⫸ Packing Slip Answer: A document accompanying shipped goods that
describes the content of the package.
⫸ Shipping Notice Answer: A document prepared in the shipping
department that provides pertinent details about the shipment, such as
the date, carrier, and items shipped; sent to billing.
⫸ Bill of Lading Answer: A formal contract between the seller and the
carrier for the transportation of goods; it establishes legal ownership and
responsibility for goods in transit.
⫸ Sales Invoice Answer: The customer's bill, which formally depicts
the charges for the merchandise or services.
⫸ Sales Journal Answer: A special journal used for recording completed
sales transactions.
⫸ Journal Voucher Answer: A document that summarizes the details of
a financial transaction and is used to update the general ledger.
⫸ Inventory Subsidiary Ledger Answer: A detailed record of each item
of inventory including information such as quantity on hand, reorder
point, and reorder quantity.
,⫸ Accounts Receivable (AR) Subsidiary Ledger Answer: A detailed
record of each customer's account including name, address, transaction
dates, balance, and credit limit.
⫸ Credit Memo Answer: A document authorizing a customer to receive
credit for returned merchandise.
⫸ Remittance Advice Answer: A document included with a customer's
payment that contains information necessary to properly apply that
payment to the correct customer account (e.g., account number, invoice
information, etc.)
⫸ Remittance List (Cash Prelist) Answer: A list of all cash received by
the company that includes the amount received and the name and/or
account number of the customer submitting the payment.
⫸ Cash Receipts Journal A journal used to record all transactions
involving cash receipts. Answer:
⫸ Intelligent Agents Answer: Software programs that can automatically
review and validate Internet orders as they are received, reducing the
need for human intervention.
⫸ Electronic Data Interchange (EDI) Answer: A system of exchanging
standardized business documents between trading partners
electronically.
, ⫸ Accuracy Answer: Information that is free from material errors,
ensuring reliability for decision-making.
⫸ Advisory Services Answer: Professional services offered by public
accounting firms to improve a client organization's operational
efficiency and effectiveness, including business advice, information
system design, and internal control assessments.
⫸ Accounting Information System (AIS) Answer: A system that
collects, processes, and reports financial information, providing it to
internal and external users to support decision-making.
⫸ Attest Function Answer: The independent examination and
evaluation of an organization's financial statements by a certified public
accountant (CPA), resulting in a formal audit report.
⫸ Audit Committee Answer: A subcommittee of a company's board of
directors composed of independent members, responsible for oversight
of the audit process, and serving as a liaison between internal and
external auditors and management.
⫸ Centralized Data Processing Answer: A data processing model where
all processing is done by one or more large computers at a common data
center, accessed by users through terminals.
⫸ Certified Fraud Examiner (CFE) Answer: A professional certification
for auditors with expertise in fraud detection and investigation.
