Chapter 7- AIS Flashcards
0
Q
What are the principles of AIS?
A
Cost Effectiveness
Usefulness
Flexibility
1
Q
What does an accounting information system do?
A
Collects and processes data
Provides financial info
2
Q
What are the steps for development of an accounting system?
A
Analysis
Design
Implementation
Follow Up
3
Q
What is a subsidiary ledger?
A
A group of accounts that share a common characteristic, ex. A/R accounts
4
Q
What is a special journal?
A
A journal to record similar types of transactions
