Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

ACCT 5410 > Chapter 2 > Flashcards

Chapter 2 Flashcards

1
Q

source document

A

a record that captures the key data of a transaction, serves three functions

  1. provides the data necessary to record a transaction
  2. triggers business processes to begin
  3. serves as a part of the permanent audit trail
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

turnaround document

A

an output of the accounting system that can be used as an input in a different part of the accounting system

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

general ledgers

A

provides details for the entire set of accounts used in the organizations accounting system

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

general journal

A

the place of original entry for any transactions that are not recorded in special journals

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

subsidiary ledgers

A

maintain detailed info regarding routine transactions, with an account established for each entry

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

legacy system

A

an existing system in operation within an organization

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

advantages to a legacy system

A

customized, support unique processes, historical data, supported and understood by existing personel

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

disadvantages to a legacy system

A

1.costly to maintain
2.lack adequate, up to date supporting documentation
3 are not compatible with newer software
4. are not scalable

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

screen scrapers(frontware)

A

adds modern user friendly screen interfaces to legacy systems

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

enterprise application integration

A

software that bridges legacy systems to new hardware and software systems and interfaces

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

advantages to purchasing vs developing software

A

lower cost, shorter implementation time, and fewer bugs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

accounting software market segments

A

small company systems
midmarket company systems
beginning ERP systems
tier 1 ERP systems

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

small company systems income segment

A

<$250000

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Midmarket

A

250000-10M

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Beginning ERP

A

10M-100M

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

High End or Tier 1: ERP

A

> 100M

17
Q

source document controls

A

documents are numbered to prevent duplication or loss of

18
Q

bar code

A

a printed code consisting of a series of vertical machine readable bars

19
Q

point of sale system

A

method of using hardware and software that captures retail sales information by standard bar codes

20
Q

electronic data interchange

A

intercompany computer to computer transfer of business documents in a standard business format

21
Q

batch processing

A

all similar transactions are grouped together for a specified period of time and then this is processed as a batch

22
Q

advantages to batch processing

A

efficient for large volumes
audit trail is maintained
use less costly software
personnel become specialized and efficient in processing

23
Q

disadvantages batch processing

A
  1. processing can take longer tan normal if the master files are too large
  2. adding or deleting records takes much time and computer maintenance
  3. data duplication is likely
  4. Integration across business processes is difficult in legacy systems that involve batching
  5. there is a lag between what is current
  6. older systems are difficult to maintain
24
Q

real time processing

A

processing at real time

25
Q

advantages of real time processing

A
  1. errors are easy to correct
  2. info is on a timely basis
  3. all files are up to date
  4. the business processes are integrated into a single database so that a single system is achieved
26
Q

disadvantages of real time processing

A
  1. more expensive hardware
  2. single database is more prone to unauthorized access of data unless there are extensive controls
  3. Real-time systems can be difficult to audit because of the complexity of the system
27
Q

general categories of output

A
  1. trading partner documents such as checks, invoices, and statements
  2. Internal documents
  3. internal reports
  4. external reports
28
Q

process maps

A

pictorial representations of business processes in which the actual flow ad sequence of events in the process are presented in diagram form
oval - start and/or finish
rectangle - a tack or activity in process
diamond - represents a point in the process when a decision must be made
arrow - shows the direction of the flow
circle with a letter - used as a connector

29
Q

system flowchart

A

intended to depict the entire system, including inputs, manual and computerized processes, and outputs.
process - rectangle
data - a diagonal rectangle
document - rectangle with a swirl on the bottom
on page connector - circle
off page connector - rectangle on top of triangle
magnetic tape - looks like magnetic tape
terminator - oval
manual input - rectangle with a crooked line on top
manual process - look on page
direct access storage - pipe
etc.
look on page 58

30
Q

document flowchart

A

shows the flow of documents and information among departments or units within an organization

31
Q

data flow diagram

A 
used by systems professionals to show the logical design of a system
square - terminator
rectangle with rounded corner - process
open ended rectangle - storage of data
arrow - shows the direction of data flow
32
Q

entity relationship diagrams

A

pictorial representations of the logical structure of databases

33
Q

entities

A

items in a database

34
Q

attributes

A

characteristics of an entity

35
Q

cardinality

A

how many instances of an entity relate to each instance of another entity

36
Q

client server

A

two types of computers are networked together to accomplish the application processing

37
Q

distributed presentation

A

the client PC manipulates data for presentation, but does not do any other significant processing

ACCT 5410 (22 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions