Summary
AIN2601 SUMMARY WITH SOLUTIONS
- Course
- Finance and accounting
- Institution
- Finance And Accounting
This document contains a summary of AIN2601 with solutions.
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AIN2601Practical Accounting Data Processing
Exam: 1 November 2018 11:30-13:30
,Index
Part 1: Data Management and Utilisation.......................................................................................................................2
Study Unit 1: Data and the computerised information system process.......................................................................2
Study Unit 2: The database environment....................................................................................................................8
Study Unit 3: Utilising databases...............................................................................................................................21
Part 2: Spreadsheets.....................................................................................................................................................23
Study Unit 4: Creating user-friendly spreadsheets....................................................................................................23
Study Unit 5: Spreadsheet formulas and functions...................................................................................................28
Study Unit 6: Spreadsheet security, risks and controls..............................................................................................47
Part 3: Transaction Processing.......................................................................................................................................50
Study Unit 7: Overview of transaction processing.....................................................................................................50
Study Unit 8: Revenue and receipts cycle..................................................................................................................55
Study Unit 9: Acquisition and payments cycle...........................................................................................................72
Study Unit 10: Inventory and production cycle.........................................................................................................87
Study Unit 11: Payroll and personnel cycle................................................................................................................91
Study Unit 12: Finance and investment cycle............................................................................................................95
Study Unit 13: Financial reporting infrastructure......................................................................................................98
Study Unit 14: Selecting an appropriate accounting information system................................................................101
Study Unit 15: Getting started on Pastel partner.....................................................................................................104
Study Unit 16: Customers, suppliers, inventory and general ledger accounts.........................................................111
Study Unit 17: Process transactions........................................................................................................................112
Study Unit 18: Retrieve information and sundry processing...................................................................................113
Part 4: Management Reporting Systems.....................................................................................................................114
Study Unit 19: The value of information in the decision-making process................................................................114
Study Unit 20: Extensible business reporting language...........................................................................................114
Page 1 of 118
,Part 1: Data Management and Utilisation
Study Unit 1: Data and the computerised information system process
Characteristics of valuable information:
Accessible
Accurate
Complete
Economical
Flexible
Relevant
Reliable
Secure
Simple
Timely
Verifiable
Page 2 of 118
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