ACCOUNTING INFORMATION
SYSTEMS CHAPTER 1:
INTRODUCTION TO AIS fully
solved & updated
an accounting information system must (4): - answer 1.) identify
transactions to record
2.) capture all details
3.) properly process into correct accounts
4.) provide reports externally and internally
business process = - answer sequence of work steps performed in
order to produce a desired result for the organization
aspects of a business process (3): - answer 1.) it's initiated by a
certain kind of event
2.) it has a well-defined beginning and end
3.) it's usually completed in relatively short period
each business process has either a ___ or ___ effect on financial
statements in the organization - answer direct or indirect effect
4 general types of business processes in organization: - answer 1.)
revenue processes
2.) expenditure processes
3.) conversion processes
4.) administrative processes
, revenue processes include 3 processes: - answer 1.) sales
2.) sales return
3.) cash collection
expenditure processes include 5 processes: - answer 1.) purchasing
2.) purchase return
3.) cash disbursement
4.) payroll
5.) fixed asset
conversion processes include 3 processes: - answer 1.) planning
2.) resource management
3.) logistics
administrative processes include 3 processes: - answer 1.) capital
2.) investment
3.) general ledger
organisations implement ____ processes into their work steps to
avoid errors and fraud - answer internal control processes
internal controls are: - answer set of procedures and policies
adopted to safeguard assets, check accuracy and reliability of data,
to promote operational efficiency, and to encourage adherence to
prescribed managerial practices
circles represent: - answer many business processes that occur in
an organization
SYSTEMS CHAPTER 1:
INTRODUCTION TO AIS fully
solved & updated
an accounting information system must (4): - answer 1.) identify
transactions to record
2.) capture all details
3.) properly process into correct accounts
4.) provide reports externally and internally
business process = - answer sequence of work steps performed in
order to produce a desired result for the organization
aspects of a business process (3): - answer 1.) it's initiated by a
certain kind of event
2.) it has a well-defined beginning and end
3.) it's usually completed in relatively short period
each business process has either a ___ or ___ effect on financial
statements in the organization - answer direct or indirect effect
4 general types of business processes in organization: - answer 1.)
revenue processes
2.) expenditure processes
3.) conversion processes
4.) administrative processes
, revenue processes include 3 processes: - answer 1.) sales
2.) sales return
3.) cash collection
expenditure processes include 5 processes: - answer 1.) purchasing
2.) purchase return
3.) cash disbursement
4.) payroll
5.) fixed asset
conversion processes include 3 processes: - answer 1.) planning
2.) resource management
3.) logistics
administrative processes include 3 processes: - answer 1.) capital
2.) investment
3.) general ledger
organisations implement ____ processes into their work steps to
avoid errors and fraud - answer internal control processes
internal controls are: - answer set of procedures and policies
adopted to safeguard assets, check accuracy and reliability of data,
to promote operational efficiency, and to encourage adherence to
prescribed managerial practices
circles represent: - answer many business processes that occur in
an organization
