Accounting info systems Study guides, Class notes & Summaries

What is a system? correct answers A system is an organized collection of parts (or subsystems) that are highly integrated to accomplish an overall goal. The system has various inputs, which go through certain processes to produce certain outputs, which together, accomplish the overall desired goal for the system. Example of a biological system? correct answers The heart Example of a mechanical system? correct answers The thermostat Example of a human/mechanical system? correct answers R...

WGU C213 Accounting for Decision MakersAccounting - correct answer the recording of the day-to-day financial activities of a company and the organization of that information into summary reports used to evaluate the company's financial status Bookkeeping - correct answer the preservation of a systematic, quantitative record of an activity accounting system - correct answer used by a business to handle routine bookkeeping tasks and to structure the information so it can be used to ev...

2024 Financial Accounting I NEWEST 2024 – 2025 PRACTICE EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES VERIFIED ANSWERS ALREADY GRADED A+ Accounting is an information measurement system that... - ANS-Identifies, records and communicates information about business activities by interpreting info and designing info systems to allow business to make better decisions The Accounting Equation is... - ANS-Assets=Liabilities + Owner's Equi...

Accounting - -the recording of the day-to-day financial activities of a company and the organization of that information into summary reports used to evaluate the company's financial status Bookkeeping - -the preservation of a systematic, quantitative record of an activity accounting system - -used by a business to handle routine bookkeeping tasks and to structure the information so it can be used to evaluate the performance and financial status of the business Accounting information - -In...

WGU C213 Accounting for Decision Makers PRE-Test 2024 with Complete Solutions Accounting - Correct Answer the recording of the day-to-day financial activities of a company and the organization of that information into summary reports used to evaluate the company's financial status Bookkeeping - Correct Answer the preservation of a systematic, quantitative record of an activity accounting system - Correct Answer used by a business to handle routine bookkeeping tasks and to structure the i...

AIS Final Exam – ORU UPDATED Exam Questions and CORRECT Answers Difference between data and information - Correct Answer- Data - facts that are collected, recorded, stored and processed by an information system Information - data that have been organized and processed to provide meaning to a user Purposes of Accounting Information Systems - Correct Answer- - to collect, record, store, and process data to produce information for decision makers - transform data into info that companie...

WGU C213 Accounting For Decision Makers ABCD (Questions And Answers) 2023 Accounting - Correct Answer-the recording of the day-to-day financial activities of a company and the organization of that information into summary reports used to evaluate the company's financial status Bookkeeping - Correct Answer-the preservation of a systematic, quantitative record of an activity accounting system - Correct Answer-used by a business to handle routine bookkeeping tasks and to structure the inf...

definition of supply chain - CORRECT ANSWER-an interrelated series of processes within and across firms that produces a service or product to the satisfaction of customers the big 3 areas of business - CORRECT ANSWER-finance - acquires financial resources and capital for inputs marketing - generates sales of outputs operations - translates materials and services into outputs support functions of a business - CORRECT ANSWER-accounting, info systems, human resources, and engineering the s...

Accounting - correct answer the recording of the day-to-day financial activities of a company and the organization of that information into summary reports used to evaluate the company's financial status Bookkeeping - correct answer the preservation of a systematic, quantitative record of an activity accounting system - correct answer used by a business to handle routine bookkeeping tasks and to structure the information so it can be used to evaluate the performance and financial status o...

2024 Financial Accounting I NEWEST 2024 – 2025 PRACTICE EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES VERIFIED ANSWERS ALREADY GRADED A+ Accounting is an information measurement system that... - ANS-Identifies, records and communicates information about business activities by interpreting info and designing info systems to allow business to make better decisions The Accounting Equation is... - ANS-Assets=Liabilities + Owner's Equi...