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Study sets matching "term:accounting information system = the system of collecting and processing transaction data and communicating financial information to interested parties."

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Study sets matching "term:accounting information system = the system of collecting and processing transaction data and communicating financial information to interested parties."

26 terms
The Accounting Information System
The Accounting Information System
Transactions
Transactions cont...
Analyzing Transactions
is the system of: ... collecting and, processing transaction dat…
are economic events that require recording in the financial s…
- Not all activities and economic events represent transactio…
the process of identifying the specific effects of economic e…
The Accounting Information System
is the system of: ... collecting and, processing transaction dat…
Transactions
are economic events that require recording in the financial s…
24 terms
Accounting Information Systems Chapter 1
System
Goal conflict
Goal congruence
Data
1. two or more interrealted components that interact to achie…
occures when a subsystem is inconsistent with the goals of an…
achieved when a subsystem achieves its goals while contributi…
facts that are collected, recorded, stored, and processed by…
System
1. two or more interrealted components that interact to achie…
Goal conflict
occures when a subsystem is inconsistent with the goals of an…
17 terms
Chapter 3: The Accounting Information System
accounting information system
accounting transactions
balance
t-account
the system of collecting and processing transaction data and…
economic events that require recording in the financial state…
the accounting equation must always _______
basic form of an account
accounting information system
the system of collecting and processing transaction data and…
accounting transactions
economic events that require recording in the financial state…
13 terms
Chapter 3: The Accounting Information System
Account
Accounting cycle
Accounting information system
Accounting transaction
An individual accounting record of increases and decreases in…
A series of nine steps followed by accountants to record tran…
The system of collecting and processing transaction data and…
An economic event that is recorded in the financial statement…
Account
An individual accounting record of increases and decreases in…
Accounting cycle
A series of nine steps followed by accountants to record tran…
14 terms
Chapter 3: The Accounting Information System
Accounting Information System
Electronic Data Processing Systems EDP
The Accounting Cycle
Accounting Transactions
The system of collecting and processing transaction data and…
These systems handle all the steps involved in the recording…
Analyze business transactions, journalize, post, trial balanc…
Economic events that require recording in the financial state…
Accounting Information System
The system of collecting and processing transaction data and…
Electronic Data Processing Systems EDP
These systems handle all the steps involved in the recording…
15 terms
Chapter 3: The Accounting Information System
Account
Accounting information system
Accounting transactions
Chart of accounts
an individual accounting record of increases and decreases in…
the system of collecting and processing transaction data and…
events that require recording in the financial statements bec…
a list of a company's accounts
Account
an individual accounting record of increases and decreases in…
Accounting information system
the system of collecting and processing transaction data and…
44 terms
ACC 200 Chp. 3&4: The Accounting Information System and Accrual Accounting Concepts
Account
Accounting Information System
Accounting Transactions
Chart of Accounts
An individual accounting record of increases and decreases in…
The system of collecting and processing transaction data and…
Events that require recording in the financial statements bec…
A list of a company's accounts.
Account
An individual accounting record of increases and decreases in…
Accounting Information System
The system of collecting and processing transaction data and…
Chapter 3: The Accounting Information System
Account
Accounting Information System
Accounting Transactions
Chart of Accounts
An individual accounting record of increases and decreases in…
The system of collecting and processing transaction data and…
Events that require recording in the financial statements bec…
A list of a company's accounts
Account
An individual accounting record of increases and decreases in…
Accounting Information System
The system of collecting and processing transaction data and…
15 terms
Ch. 3: The Accounting Information System
Account
Accounting information system
Accounting transactions
Chart of accounts
An individual accounting record of increases and decreases in…
The system of collecting and processing transaction data and…
Events that require recording in the financial statements bec…
A list of company's accounts
Account
An individual accounting record of increases and decreases in…
Accounting information system
The system of collecting and processing transaction data and…
29 terms
Chapter 3 - The Accounting Information System
__________ is system of collecting and…
______________ is the computerized acc…
Economic events requiring recording in…
_____________ is the process of identi…
accounting information system
electronic data processing (EDP) systems
accounting transactions
transaction analysis
__________ is system of collecting and…
accounting information system
______________ is the computerized acc…
electronic data processing (EDP) systems
15 terms
The Accounting Information System
Account
Accounting Information System
Accounting Transactions
Chart of Accounts
An individual accounting record of increases and decreases in…
The system of collecting and processing transaction data and…
Events that require recording in the financial statements bec…
A list of a company's accounts.
Account
An individual accounting record of increases and decreases in…
Accounting Information System
The system of collecting and processing transaction data and…
15 terms
Vocab Chapter 3: The Accounting Information System
Account
Accounting Information System
Accounting Transactions
Chart of Accounts
An individual accounting record of increases and decrease in…
The system of collecting and processing transition data and c…
Events that require recording in the financial statements bec…
A list of a company's accounts.
Account
An individual accounting record of increases and decrease in…
Accounting Information System
The system of collecting and processing transition data and c…
15 terms
CH3 - The Accounting Information System
Account
Accounting Information System
Accounting Transactions
Chart of Accounts
An individual accounting record of increases and decreases in…
A SYSTEM of COLLECTING & PROCESSING transaction data and comm…
Events that require recording ... because they affect the Acc…
A list of a company's accounts
Account
An individual accounting record of increases and decreases in…
Accounting Information System
A SYSTEM of COLLECTING & PROCESSING transaction data and comm…
15 terms
Chapter 3: The accounting information system
Accounting information system
Accounting transaction
Basic accounting equation
Transaction analysis
A system of collecting and processing transaction data and co…
Economic event that require recording in the financial statem…
Assets = Liabilities + stockholder's equity; must be balanced…
Process of identifying the specific effects of economic event…
Accounting information system
A system of collecting and processing transaction data and co…
Accounting transaction
Economic event that require recording in the financial statem…
13 terms
Chapter 3: The Accounting Information System
Account
Accounting cycle
Accounting Information System
Accounting transaction
An individual accounting record of increases and decreases in…
A series of nine steps followed by accountants to record tran…
The system of collecting and processing transaction data and…
An economic event that is recorded in the financial statement…
Account
An individual accounting record of increases and decreases in…
Accounting cycle
A series of nine steps followed by accountants to record tran…
15 terms
Accounting 200 Chapter 3: The Accounting Information System
account
accounting information system
accounting transactions
chart of accounts
an individual accounting record of increases and decreases in…
the system of collecting and processing transaction data and…
events that require recording in the financial statements bec…
a list of a company's accounts
account
an individual accounting record of increases and decreases in…
accounting information system
the system of collecting and processing transaction data and…
15 terms
Chapter 3: The Accounting Information System (ACCT 211)
Account
Accounting Information System
Accounting Transactions
Chart of Accounts
An individual accounting record of increases and decreases in…
The system of collecting and processing transaction data and…
Events that require recording in the financial statements bec…
A list of a company's accounts
Account
An individual accounting record of increases and decreases in…
Accounting Information System
The system of collecting and processing transaction data and…
31 terms
Chapter 2: Overview of Transaction Processing and Enterprise Resource Planning Systems Vocabulary
data processing cycle
source documents
turnaround document
source data automation
the four operations (data input, data storage, data processin…
documents used to capture transaction data at its source - wh…
records of company data sent to an external third party and t…
the collection of transaction data in machine-readable form a…
data processing cycle
the four operations (data input, data storage, data processin…
source documents
documents used to capture transaction data at its source - wh…
29 terms
Chapter 2: Overview of Transaction Processing and Enterprise Resource Planning System
Data processing cycle
Source documents
Turnaround documents
Source data automation
the four operations (data input, data storage, data processin…
used to capture transaction data at its source- when the tran…
records of a company data sent to an external party and then…
the collection of transaction data in machine-readable form a…
Data processing cycle
the four operations (data input, data storage, data processin…
Source documents
used to capture transaction data at its source- when the tran…
19 terms
Chapter 3 The Accounting Information System
Accounting Information System
Accounting Transactions
Transaction Analysis
Balance
The system of collecting and processing transaction data and…
Economic Events that require recording in the financial state…
the process of identifying the specific effects of economic e…
The accounting equation must always
Accounting Information System
The system of collecting and processing transaction data and…
Accounting Transactions
Economic Events that require recording in the financial state…
15 terms
Ch. 3: The Accounting Information System
Account
Accounting information system
Accounting transactions
Chart of accounts
An individual accounting record of increases and decreases in…
The system of collecting and processing transaction data and…
Events that require recording in the financial statements bec…
A list of a company's accounts.
Account
An individual accounting record of increases and decreases in…
Accounting information system
The system of collecting and processing transaction data and…
29 terms
Accounting Information Systems Chapter 2
Data processing cycle
Source documents
Turnaround documents
Source data automation
The four operations (data input, data storage, data processin…
Documents used to capture transaction data at its source - wh…
Records of company data sent to an external party and then re…
The collection of transaction data in machine-readable form a…
Data processing cycle
The four operations (data input, data storage, data processin…
Source documents
Documents used to capture transaction data at its source - wh…
27 terms
Chapter 3: The Accounting Information System - Terms and Concepts
Accounting Information System
Event
Transaction
Account
The system of collecting and processing transaction data and…
A happening of consequence. An event generally is the source…
An external event involving a transfer or exchange between tw…
A systematic arrangement that shows the effect of transaction…
Accounting Information System
The system of collecting and processing transaction data and…
Event
A happening of consequence. An event generally is the source…
5 terms
Accounting Information Systems Chapter 2 Appendix B (ACCT 371)
data flow diagram (DFD)
processes
terminators
data stores
graphical representation of the flow of data through a system
activities that use or generate data
external entities that are either sources or destinations for…
the physical or electronic repositories of data within the sy…
data flow diagram (DFD)
graphical representation of the flow of data through a system
processes
activities that use or generate data
Chapter 3 The Accounting Information System
Account
Accounting information system
Accounting transactions
Chart of accounts
An individual accounting record of increases and decreases in…
The system of collecting and processing transaction data and…
Events that require recording in the financial statements bec…
A list of a company's accounts
Account
An individual accounting record of increases and decreases in…
Accounting information system
The system of collecting and processing transaction data and…
15 terms
Chap 3: The Accounting Information System
account
accounting information systems
accounting transactions
charts of accounts
an individual accounting record of increases and decreases in…
the system of collecting and processing transaction data and…
events that require recording in the financial statements bec…
a list of company's accounts
account
an individual accounting record of increases and decreases in…
accounting information systems
the system of collecting and processing transaction data and…
15 terms
Chapter 3 The Accounting Information System
Account
Accounting information system
Accounting transactions
Chart of accounts
An individual accounting record of increases and decreases in…
The system of collecting and processing transaction data and…
Events that require recording in the financial statements bec…
A list of a company's accounts
Account
An individual accounting record of increases and decreases in…
Accounting information system
The system of collecting and processing transaction data and…
15 terms
Chapter 3: The Accounting Information System
account
accounting information system
accounting transactions
chart of accounts
an individual accounting record of increases and decreases in…
the system of collecting and processing transaction data and…
events that require recording in the financial statements bec…
a list of a company's accounts
account
an individual accounting record of increases and decreases in…
accounting information system
the system of collecting and processing transaction data and…
31 terms
Overview of Transaction Processing and Enterprise Resource Planning Systems
Data processing cycle
Source documents
Turnaround document
Source data information
The four operations (data input, data storage, data processin…
Documents used to capture transaction data at its source - wh…
Records of company data sent to an external party and then re…
The collection of transaction data in machine-readable form a…
Data processing cycle
The four operations (data input, data storage, data processin…
Source documents
Documents used to capture transaction data at its source - wh…
15 terms
Ch. 3 - The Accounting Information System
account
accounting information system
accounting transactions
chart of accounts
An individual accounting record of increases and decreases in…
The system of collecting and processing transaction data and…
Events that require recording in the financial statements bec…
A list of a company's accounts
account
An individual accounting record of increases and decreases in…
accounting information system
The system of collecting and processing transaction data and…
31 terms
ACC 3385 Ch 2 Overview of Transaction Processing and Enterprise Resource Planning Systems
Data Processing Cycle
Source Documents
Turnaround Documents
Source Data Automation
the four operations (data input, data storage, data processin…
documents used to capture transaction data at its source- whe…
records of company data sent to an external part and then ret…
the collection of transaction data in machine-readable form a…
Data Processing Cycle
the four operations (data input, data storage, data processin…
Source Documents
documents used to capture transaction data at its source- whe…
21 terms
Chapter 3: The Accounting Information System
The Accounting Information System
Electronic Data Processing (EDP)
Accounting transactions
transaction analysis
system of collecting and processing transaction data and comm…
handles all the steps involved in the recording process from…
economic require recording in the financial statements
process of identifying the specific effects of economic event…
The Accounting Information System
system of collecting and processing transaction data and comm…
Electronic Data Processing (EDP)
handles all the steps involved in the recording process from…
15 terms
The Accounting Information System
Account
Accounting information system
Accounting transactions
Chart of accounts
An individual accounting record of increases and decreases in…
The system of collecting and processing transaction data and…
Events that require recording in the financial statements bec…
A list of company's accounts.
Account
An individual accounting record of increases and decreases in…
Accounting information system
The system of collecting and processing transaction data and…
8 terms
Ch.3: The Accounting Information System
accounting information system
real and nominal accounts
adjusting entries
balance sheet
- collects and processes transaction data and then disseminat…
- real accounts: asset, liability, and equity accounts... - nomi…
- entries made at the end of an accounting period to bring al…
- shows the financial condition of the enterprise at the end…
accounting information system
- collects and processes transaction data and then disseminat…
real and nominal accounts
- real accounts: asset, liability, and equity accounts... - nomi…
39 terms
Chapter 3- The Accounting Information System
account
accounting cycle
accounting information system
accrued expenses
shows the effect of transactions on a given asset, liability,…
used by company to record transactions and prepare financial…
Collects and processes transaction data. Disseminates the fin…
Expenses incurred but not yet paid in cash or recorded
account
shows the effect of transactions on a given asset, liability,…
accounting cycle
used by company to record transactions and prepare financial…
40 terms
Overview of Transaction Processing and Enterprise Resources Planning Systems: Chapter 2
Data Processing Cycle
Steps of Data input
Data capture
Source Documents
Data input-> Data Processing ^Data storage -> Information Out…
"Steps of Data input"... Capturing transaction data triggered by…
"Data Capture"... Info collected for an activity include: activi…
Documents used to capture transaction data at its source - wh…
Data Processing Cycle
Data input-> Data Processing ^Data storage -> Information Out…
Steps of Data input
"Steps of Data input"... Capturing transaction data triggered by…
Chapter 3 The Accounting Information System
An accounting information system -
Financial accounting rests on a set of…
Event:
Transaction:
collects and processes transaction data and then disseminates…
identifying, recording, classifying and interpreting transact…
A happening of conswquence. An event generally is the source…
An external event involving a transfer or exchange between tw…
An accounting information system -
collects and processes transaction data and then disseminates…
Financial accounting rests on a set of…
identifying, recording, classifying and interpreting transact…
31 terms
AIS Chapter 2: Overview of Transaction Processing and ERP Systems
Data Processing Cycle
Source Documents
Turnaround documents
Source Data Automation
The four operations (data input, data storage, data processin…
Documents used to capture transaction data at its source - wh…
Records of company data sent to an external party and then re…
The collection of transaction data in machine-readable form a…
Data Processing Cycle
The four operations (data input, data storage, data processin…
Source Documents
Documents used to capture transaction data at its source - wh…
15 terms
Chapter 3 - The Accounting Information System
accounting information system
electronic data processing (EDP)
accounting transaction
transaction analysis
the system of collecting and processing transaction data and…
computerized accounting systems
occurs when assets, liabilities or stockholder's equity items…
process of identifying the specific effects of economic event…
accounting information system
the system of collecting and processing transaction data and…
electronic data processing (EDP)
computerized accounting systems
Chapter 3: The Accounting Information System
account
accounting information system
accounting transactions
chart of accounts
an individual accounting record of increases and decreases in…
the system of collecting and processing transaction data and…
events that require recording in the financial statements bec…
a list of a company's accounts.
account
an individual accounting record of increases and decreases in…
accounting information system
the system of collecting and processing transaction data and…
15 terms
CH 3- The Accounting Information System
Account
Accounting Information System
Accounting Transactions
Chart of Accounts
An individual accounting record of increases and decreases in…
The system of collecting and processing transaction data and…
Events that require recording in the financial statements bec…
A list of a company's accounts.
Account
An individual accounting record of increases and decreases in…
Accounting Information System
The system of collecting and processing transaction data and…
36 terms
WGU C242 Accounting Information Systems Chapter 2
data processing cycle
Data must be collected about three fac…
source documents
turnaround document
The four operations (data input, data storage, data processin…
1. Each activity of interest... 2. The resource(s) affected by e…
Documents used to capture transaction data at its source - wh…
Records of company data sent to an external party and then re…
data processing cycle
The four operations (data input, data storage, data processin…
Data must be collected about three fac…
1. Each activity of interest... 2. The resource(s) affected by e…
26 terms
Accounting Information Systems - Chapter 2
Data Processing Cycle
Source Documents
Turnaround Documents
Source Data Automation
The operations performed on data to generate meaningful and r…
Contain the initial record of a transaction that takes place.…
records of company data sent to an external party and then re…
The collection of transaction data in machine readable form a…
Data Processing Cycle
The operations performed on data to generate meaningful and r…
Source Documents
Contain the initial record of a transaction that takes place.…
15 terms
Ch.3 The Accounting Information System
Account (p. 111)
Accounting information system (p.102)
Accounting transactions (p. 102)
Chart of accounts (p. 120)
An individual accounting record of increases and decreases in…
The system of collecting and processing transaction data and…
Events that require recording in the financial statements bec…
A list of a company's accounts
Account (p. 111)
An individual accounting record of increases and decreases in…
Accounting information system (p.102)
The system of collecting and processing transaction data and…
15 terms
Chapter 3: The Accounting Info. System
Account
Accounting information system
Accounting transactions
Chart of accounts
An individual accounting record of increases and decreases in…
The system of collecting and processing transaction data and…
Events that require recording in the fi nancial statements be…
A list of a company's accounts
Account
An individual accounting record of increases and decreases in…
Accounting information system
The system of collecting and processing transaction data and…
10 terms
Accounting Information Systems Chapter 12 p. 250-254 (ACCT 371)
audit around the computer
audit through the computer
computer assisted audit techniques (CA…
continuous audit
testing the reliability of computer generated information by…
requires auditors to understand the internal logic of the sys…
essential tools for auditors to conduct an audit in accordanc…
performing audit related activities on a continuous basis
audit around the computer
testing the reliability of computer generated information by…
audit through the computer
requires auditors to understand the internal logic of the sys…
15 terms
Chapter 3 Accounting Information System
Accounting Information System
Accounting Transactions
Transaction Analysis
Account
System of collecting and processing transaction data and comm…
Events that require recording in the financial statements bec…
The process of identifying the specific effects of economic e…
An individual accounting record of increases and decreases in…
Accounting Information System
System of collecting and processing transaction data and comm…
Accounting Transactions
Events that require recording in the financial statements bec…
31 terms
Chapter 2: Overview of Transaction Processing and Enterprise Resource Planning Systems
data processing cycle
source documents
turnaround documents
source data automations
the 4 operations (data input, data storage, data processing a…
- documents used ti capture transaction data at its source-wh…
record of company data sent to an external party and then ret…
- collection of transaction data in machine-readable form at…
data processing cycle
the 4 operations (data input, data storage, data processing a…
source documents
- documents used ti capture transaction data at its source-wh…
22 terms
Chapter 1 Overview of Transaction Processing and Enterprise Resource Planning Systems
Data processing cycle
source documents
turnaround documents
source data automation
the operations performed on data to generate meaningful and r…
Contain the initial record of a transaction that takes place.…
Records of company data sent to an external party and then re…
The collection of transaction data in machine-readable form a…
Data processing cycle
the operations performed on data to generate meaningful and r…
source documents
Contain the initial record of a transaction that takes place.…
32 terms
ACC 409 Chapter 2: Overview of Transaction Processing and ERP systems
Data Processing Cycle
Source Documents
Turnaround Document
Source data automation
The four operations performed on Data to generate meaningful…
Documents used to capture transaction data at its source
Records of company data sent to an external party and the ret…
The collection of transaction data in a machine readable form…
Data Processing Cycle
The four operations performed on Data to generate meaningful…
Source Documents
Documents used to capture transaction data at its source
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