Exam (elaborations)
Overview of Transaction Processing and ERP Systems (2) (1)
- Course
- Institution
Overview of Transaction Processing and ERP Systems (2) (1)
[Show more]
Seller
Follow
lydiaomutho
Content preview
Overview of Transaction Processing and ERPSystems (2)
data processing cycle - ANS-the four operations (data input, data storage, data processing, and
information output) performed on data to generate meaningful and relevant information
source documents - ANS-documents used to capture transaction data at its source - when the
transaction takes place. Ex. include sales orders, purchase orders, and employee time cards
turnaround documents - ANS-records of company data sent to an external party and then
returned to the system as input. Turnaround documents are in machine-readable form to
facilitate their subsequent processing as input records. Ex. Utility bill
source data automation - ANS-the collection of transaction data in machine-readable form at the
time and place of origin. ex, point of sale terminal and ATM's
general ledger - ANS-a ledger that contains summary-level data for every asset, liability, equity,
revenue, and expense account of the organization
control account - ANS-a title given to a general ledger account that summarizes the total
amounts recorded in a subsidiary ledger. Ex. The A/R control account in the general ledger
represents the total amount owed by all customers. The balances in the A/R subsidiary ledger
indicate the amount owed by each specific customer
coding - ANS-the systematic assignment of numbers or letters to items to classify and organize
them
sequence code - ANS-Items are numbers consecutively so that gaps in the sequence code
indicate missing items that should be investigated. ex. include prenumbered checks, invoices,
and purchase orders
block code - ANS-Blocks of numbers that are reserved for specific categories of data, thereby
helping to organize the data. Ex. chart of accounts
group code - ANS-two or more subgroups of digits that are used to code an item. a group code
is often used in conjunction with a block code
mnemonic code - ANS-letters and numbers that are interspersed to identity an item. the
mnemonic code is derived from the description of the item and it usually easy to memorize
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lydiaomutho. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
60277 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now