TEST BANK for Accounting
Information Systems All Chapters 1-
18, Complete
Batch Processing - answers Processing method where transactions are collected and
processed in groups at scheduled times.
Real-Time Systems - answers Processing method where transactions are processed
immediately as they occur.
Conversion Cycle - answers The process of directing work-in-process through its
various stages of manufacturing.
Turnaround Document - answers A document that is sent back to the originator as a
response or follow-up.
General Journal - answers A journal used to record non-recurring transactions.
Document Flowcharts - answers Charts used to represent systems at different levels of
detail.
Data Flow Diagrams - answers Diagrams representing the flow of data within an
information system.
System Flowcharts - answers Charts used to depict processes handled in batches.
Program Flowcharts - answers Charts depicting the logic represented in system
flowcharts.
Direct Access Storage Devices - answers Devices that allow direct access to stored
information without having to search through other data.
Direct Access File Environment - answers An environment where specific records can
be selected from a master file containing millions of records.
Control Account - answers A general ledger account supported by a subsidiary ledger.
Inverted Triangle - answers Symbol representing a file in name order.
Operational Inefficiencies - answers Inefficiencies arising from the need to update
accounts unique to many concurrent transactions in real time.
Batch Processing of Non-Critical Accounts - answers Improves operational efficiency by
processing non-critical accounts in batches.
,Block Code - answers Coding scheme suitable for a chart of accounts.
Sequential Codes - answers Codes used to represent complex items or events involving
related data.
Mnemonic Codes - answers Codes appropriate for items in ascending or descending
sequences.
Flat-File Approach - answers An approach associated with legacy systems where files
are not relational.
Database Management System - answers A system that provides controlled access to
data for users based on their needs.
Transaction Cycles - answers Expenditure cycle, conversion cycle, revenue cycle.
Source Documents - answers Documents created at the beginning of a transaction.
Batch Processing and Real-Time Processing - answers Two data processing
approaches used in modern systems.
Special Journals - answers Used to record large volumes of recurring transactions that
are similar in nature.
Revenue Cycle Subsystems - answers Sales order processing, cash receipts.
Expenditure Cycle Subsystems - answers Purchasing, cash disbursements, payroll,
fixed asset system.
Journal Voucher System - answers System replacing the general journal in many
organizations.
accounts receivable control account - answers Main account summarizing all accounts
receivable transactions.
accounts receivable subsidiary - answers Detailed account records for individual
accounts receivable.
accounts payable control account - answers Main account summarizing all accounts
payable transactions.
accounts payable subsidiary - answers Detailed account records for individual accounts
payable.
inventory control - answers Main account summarizing all inventory transactions.
, subsidiary of specific inventory items - answers Detailed account records for individual
inventory items.
fixed asset control account - answers Main account summarizing all fixed asset
transactions.
subsidiary of specific fixed assets - answers Detailed account records for individual
fixed assets.
notes receivable/payable - answers Main account summarizing all notes receivable and
payable transactions.
individual notes receivable and payable - answers Detailed account records for
individual notes receivable and payable.
entity relationship diagrams - answers Diagrams showing relationships between
different entities in a database.
data flow diagrams - answers Diagrams illustrating the flow of data in a system.
system flowcharts - answers Charts depicting the flow of control in a system.
program flowcharts - answers Charts showing the sequence of operations in a program.
audit trail - answers Record of transactions from source documents to financial
statements and back.
ledger - answers Book of accounts reflecting financial effects of transactions after
journal posting.
data flow diagram symbols - answers Symbols include process, data store, data flow,
and entity.
entity relationship diagram - answers Documentation technique illustrating relationships
between business entities in databases.
batch vs. real-time systems - answers Distinguished by time frame, resources, and
operational efficiency.
real-time data collection advantage - answers Ability to prevent or detect transaction
errors at the source.
updating a master file record - answers Involves changing variable field values to reflect
transaction effects.
Information Systems All Chapters 1-
18, Complete
Batch Processing - answers Processing method where transactions are collected and
processed in groups at scheduled times.
Real-Time Systems - answers Processing method where transactions are processed
immediately as they occur.
Conversion Cycle - answers The process of directing work-in-process through its
various stages of manufacturing.
Turnaround Document - answers A document that is sent back to the originator as a
response or follow-up.
General Journal - answers A journal used to record non-recurring transactions.
Document Flowcharts - answers Charts used to represent systems at different levels of
detail.
Data Flow Diagrams - answers Diagrams representing the flow of data within an
information system.
System Flowcharts - answers Charts used to depict processes handled in batches.
Program Flowcharts - answers Charts depicting the logic represented in system
flowcharts.
Direct Access Storage Devices - answers Devices that allow direct access to stored
information without having to search through other data.
Direct Access File Environment - answers An environment where specific records can
be selected from a master file containing millions of records.
Control Account - answers A general ledger account supported by a subsidiary ledger.
Inverted Triangle - answers Symbol representing a file in name order.
Operational Inefficiencies - answers Inefficiencies arising from the need to update
accounts unique to many concurrent transactions in real time.
Batch Processing of Non-Critical Accounts - answers Improves operational efficiency by
processing non-critical accounts in batches.
,Block Code - answers Coding scheme suitable for a chart of accounts.
Sequential Codes - answers Codes used to represent complex items or events involving
related data.
Mnemonic Codes - answers Codes appropriate for items in ascending or descending
sequences.
Flat-File Approach - answers An approach associated with legacy systems where files
are not relational.
Database Management System - answers A system that provides controlled access to
data for users based on their needs.
Transaction Cycles - answers Expenditure cycle, conversion cycle, revenue cycle.
Source Documents - answers Documents created at the beginning of a transaction.
Batch Processing and Real-Time Processing - answers Two data processing
approaches used in modern systems.
Special Journals - answers Used to record large volumes of recurring transactions that
are similar in nature.
Revenue Cycle Subsystems - answers Sales order processing, cash receipts.
Expenditure Cycle Subsystems - answers Purchasing, cash disbursements, payroll,
fixed asset system.
Journal Voucher System - answers System replacing the general journal in many
organizations.
accounts receivable control account - answers Main account summarizing all accounts
receivable transactions.
accounts receivable subsidiary - answers Detailed account records for individual
accounts receivable.
accounts payable control account - answers Main account summarizing all accounts
payable transactions.
accounts payable subsidiary - answers Detailed account records for individual accounts
payable.
inventory control - answers Main account summarizing all inventory transactions.
, subsidiary of specific inventory items - answers Detailed account records for individual
inventory items.
fixed asset control account - answers Main account summarizing all fixed asset
transactions.
subsidiary of specific fixed assets - answers Detailed account records for individual
fixed assets.
notes receivable/payable - answers Main account summarizing all notes receivable and
payable transactions.
individual notes receivable and payable - answers Detailed account records for
individual notes receivable and payable.
entity relationship diagrams - answers Diagrams showing relationships between
different entities in a database.
data flow diagrams - answers Diagrams illustrating the flow of data in a system.
system flowcharts - answers Charts depicting the flow of control in a system.
program flowcharts - answers Charts showing the sequence of operations in a program.
audit trail - answers Record of transactions from source documents to financial
statements and back.
ledger - answers Book of accounts reflecting financial effects of transactions after
journal posting.
data flow diagram symbols - answers Symbols include process, data store, data flow,
and entity.
entity relationship diagram - answers Documentation technique illustrating relationships
between business entities in databases.
batch vs. real-time systems - answers Distinguished by time frame, resources, and
operational efficiency.
real-time data collection advantage - answers Ability to prevent or detect transaction
errors at the source.
updating a master file record - answers Involves changing variable field values to reflect
transaction effects.
