Exam (elaborations)
Transaction Processing and ERP Systems (1)
Transaction Processing and ERP Systems (1)
[Show more]
Seller
Follow
Content preview
Transaction Processing and ERP Systemsgeneral ledger - ANS-Contains summary-level data for every asset, liability, equity, revenue, and
expense account
sequence code - ANS-Items are numbered consecutively to account for all items; missing items
cause a gap in the numerical sequence
audit trail - ANS-Path of a transaction through a data processing system from point of origin to
final output, or backward from final output to point of origin
chart of accounts - ANS-List of general ledger account numbers; allows transaction data to be
coded, classified, and entered into proper accounts; facilitates preparation of financial
statements and reports
data value - ANS-Contents of a specific field, such as "George" in a name field
field - ANS-Portion of a data record that contains the data value for a particular attribute, like a
cell in a spreadsheet
turnaround documents - ANS-Company data sent to an external party and then returned to the
system as input
general journal - ANS-Used to record infrequent or nonroutine transactions
attribute - ANS-Characteristics of interest that need to be stored
data processing cycle - ANS-The steps a company must follow to efficiently and effectively
process data about its transactions
entity - ANS-Something about which information is stored
master file - ANS-Stores cumulative information about an organization; like a ledger in a manual
AIS
subsidiary ledger - ANS-Contains detailed data for any general ledger account with many
individual subaccounts
transaction file - ANS-Contains records of individual business transactions that occur during a
specific time period
online, real-time processing - ANS-Updating each transaction as it occurs
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 CA$11.47. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79271 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now