Accounting Information Systems 1st Midterm

1.) Create Journal Entries
2.) Transcribe to Ledger
3.) Create Trial Balance
4.) Add Adjusting Entries
5.) Eliminate Temporary Accounts
6.) Prepare Financial Statements

Df

Workplace training tools and employee management, benefits management, payroll summaries and management

Cash and Asset Management
Multicompany and Multicurrency Management
Credit Card Transaction Summaries

Sales Management
Sales Forecasts and Summaries
Customer Relation Management

Demand Trends
Inventory Levels and Warehouse Management
Supplier Relationship Management

Inventory Summaries
Product Cost Analysis
Materials Requirement Planning

- Must be compatible with, and support, the other components of AIS
- Accounting Professionals often help clients make hardware and software purchasing decisions
- Auditors must evaluate computerized systems
- Accountants are often asked to evaluate the efficiency and and effectiveness of an existing system
- IT Profoundly effects the way accountants work today and how they will work in the future
- Understanding it is vital to passing most CPA exams.

- Critical Information
- Volume
- Distribution
- Privacy
- Irreplaceable Data
- Need For Accuracy
- Internet Uses

Database ->File -> Record -> Data field

Info that describes person, event, place, or thing in database.

(AKA A Tuple) Stores all the information about an entity in the database.

In essence a table.

Cash, Equipment, Inventory, Plant Facilities

Sale, Purchase, Receive Goods, Hire Employees