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WGU D217 Accounting Information Systems 2024 rated A
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WGU D217 Accounting Information Systems 2024 rated A
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WGU D217 Accounting Information Systems2024 rated A
Fundamental objectives of a business - To support the firms day to day operations
To support management decision making
To support stewardship function of management
Two subdivisons of "Information Systems" - Accounting information system
management information system
Accounting Information System structure - General Ledger/Financial Reporting
System (GL/FRS)
Transactions Processing System (TPS)
Management Reporting System
Transactions Processing System (TPS) Structure - Expenditure Cycle
,WGU D217 Accounting Information Systems
2024 rated A
Conversion Cycle
Revenue Cycle
Expenditure Cycle - Purchase System
Cash Disbursement System
Payroll Processing System
Fixed Asset System
Conversion Cycle - Cost Accounting System
Production Planning and Control System
Revenue Cycle - Sales Processing System
,WGU D217 Accounting Information Systems
2024 rated A
Cash Receipts System
management Information system structure - Financial Management Systems
Marketing Systems
Distribution Systems
Human Resource Systems
financial transactions - an economic event that affects the assets and equities of
the organization, is reflected in its accounts, and is measured in monetary terms
Nondiscretionary reporting - A type of reporting in which the organization has few
or no choices in the information it provides. Much of this information consists of
traditional financial statements, tax returns, and other legal documents.
Within General Ledger/Financial Reporting Systems
, WGU D217 Accounting Information Systems
2024 rated A
Discretionary Reporting - A type of reporting in which the organization can choose
what information to report and how to present it
In Management reporting system
nonfinancial transactions - events that do not meet the narrow definition of a
financial transaction
General Model for AIS - Model that describes all information systems, regardless
of their technological architecture. The elements of the general model are:
end users
data sources
data collection
data processing
database management
information generation
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