Homework Answers
| System | Purpose |
| Transaction processing system | To support day to day operations of the business |
| General Ledger System and Financial Reporting System | To prepare the accounting records of all transactions and incluing preparation of complete books of accounts. |
| Management reporting system | To summarize the financial data for management. |
| Hi mate, |
| I would be grateful to you if you can provide a thumbs up and write one beautiful comment. It will improve my rating and let me continue my journey here. |
| In case of doubt, please comment. I will consider myself fortunate if I can help you. |
| All the best for your bright future. |
Add Answer to:
Name and explain the purpose of the three major subsystems of the accounting information system (AIS):...
49. Name and explain the purpose of the three major subsystems of the accounting information system...
49. Name and explain the purpose of the three major subsystems of the accounting information system (AIS): (6 points) Use the following format for your answer. Subsystem Name Subsystem Purpose
ACCT 3060 – AIS accounting information system Homework #2 – Databases We’ve discussed the purpose and...
ACCT 3060 – AIS accounting information system Homework #2 – Databases We’ve discussed the purpose and general structure of a database. You should be familiar with this information and its application to an accounting information system (AIS). We’ve also identified how a database would be central to an AIS. Your assignment is to identify one commercially available database and describe the key features and functions of it. Your description should be one page in length and provide a full description...
Review Questions 1. What three transaction cycles exist in all businesses? 2. Name the major subsystems...
Review Questions 1. What three transaction cycles exist in all businesses? 2. Name the major subsystems of the expenditure cycle. 3. Identify and distinguish between the physical and financial components of the expenditure cycle. 4. Name the major subsystems of the conversion cycle. 5. Name the major subsystems of the revenue cycle. 6. Name the three types of documents 7. Name the two types of journals. 8. Distinguish between a general journal and journal vouchers 9. Name the two types...
(a) Name and briefly describe the nature of the three major subsystems within the real-world production/conversion...
(a) Name and briefly describe the nature of the three major subsystems within the real-world production/conversion system of a manufacturing organisation. (b) Briefly describe the major events that can occur in the real-world billing/debtors/cash system. (c) Briefly describe the major events that can occur in the real-world purchasing/accounts payable/cash disbursements (P/AP/CD) system.
Define the basic terms in the foundations of AIS such as: A system. An accounting information...
Define the basic terms in the foundations of AIS such as: A system. An accounting information system. Goal conflict and goal congruence. Data and information. Information overload and the value of information. Transactions. Transaction processing system.
Describe the types of decision-making and strategic information should the Accounting Information System (AIS) provide in...
Describe the types of decision-making and strategic information should the Accounting Information System (AIS) provide in the expenditure cycle. [10 marks] b) Analyze the function of QR codes that can companies use them to improve interactions with their customers.
All of the following are a function of an AIS (Accounting Information System) except: Collect and...
All of the following are a function of an AIS (Accounting Information System) except: Collect and store data. Recommend several scenarios from which to base a well-informed decision. Transform data to aid in decision support. O Provide controls to ensure that the data is available and maintains integrity.
If a system consists of 2 major subsystems and the required reliability is 0.9
If a system consists of 2 major subsystems and the required reliability is 0.9, what is the allocated reliability of each subsystem, assuming equal apportionment? A. 0.45 B. 0.95 C. 0.90 D. 0.30
Accounting Information System (AIS) Answers the followings; 1 ) Discuss fully in the business advantages of...
Accounting Information System (AIS) Answers the followings; 1 ) Discuss fully in the business advantages of effective use of electronic commerce (in EDI, Internet and WWW environments) and provide examples to illustrate your answer. 2) Discuss Fully the challenges of direct business links to customers via the internet (including but no limited to www) and provided examples to illustrate your answer.
Q1/ Describe the types of IT control which may be implemented for an AIS( Accounting Information...
Q1/ Describe the types of IT control which may be implemented for an AIS( Accounting Information System). Give your answers with appropriate examples? Q2/ Briefly Discuss the impact of loT to accounting practices in organizations. As fas as possible, give an example for each of your answers?
49. Name and explain the purpose of the three major subsystems of the accounting information system (AIS): (6 points) Use the following format for your answer. Subsystem Name Subsystem Purpose
Review Questions 1. What three transaction cycles exist in all businesses? 2. Name the major subsystems of the expenditure cycle. 3. Identify and distinguish between the physical and financial components of the expenditure cycle. 4. Name the major subsystems of the conversion cycle. 5. Name the major subsystems of the revenue cycle. 6. Name the three types of documents 7. Name the two types of journals. 8. Distinguish between a general journal and journal vouchers 9. Name the two types...
All of the following are a function of an AIS (Accounting Information System) except: Collect and store data. Recommend several scenarios from which to base a well-informed decision. Transform data to aid in decision support. O Provide controls to ensure that the data is available and maintains integrity.
Most questions answered within 3 hours.
-
What is the net ionic equation for the reaction that would occur
when an aqueous solution...
asked 25 minutes ago -
A
student bought $1000 worth of furniture. What is the equivalent
annual cost if it is...
asked 33 minutes ago -
What taboo subject did Ida B. Wells suggest was consensual
between black men and white women?...
asked 2 hours ago -
You have just been hired by the EPA to help with the new gas
mileage standards...
asked 2 hours ago -
4) A firm is hit by increases in its wage rate, w.
a) How does this...
asked 3 hours ago -
A square current loop 5.4 cm on each side carries a 510 mA
current. The loop...
asked 5 hours ago -
What are five tips in conducting knowledge assessment/literature
review research? Each of these tips needs to...
asked 5 hours ago -
Antigen presenting cells link innate and adaptive immune
responses. In the theoretical scenario where phagosomes cannot...
asked 6 hours ago -
Dealing with conflict, in my opinion, is a skill and an art. I
believe that those...
asked 6 hours ago -
6. A long straight wire with circular cross section and radius
1.5 cm carries a 1.2...
asked 6 hours ago -
Deacon Corporation has provided the following financial data
from its balance sheet and income statement:
Year...
asked 7 hours ago -
List and discuss at least three variables from everyday life for
which you expect the variable ...
asked 7 hours ago