The Business Process - overview Flashcards
1
Q
Define the business process
A
A series of related business activities and work flows that create value for a business
2
Q
what are the two types of business activity
A
economic and non-economic
3
Q
describe the purpose of source documents
A
- source documents provide information for AIS
- they manage the flow of accounting data
- this is done by dictating the type of data collected
- requiring complete data and legitimizing data through audit trails
4
Q
state common source documents
A
sales order
delivery tickets
time cards
purchase order etc
5
Q
state the 5 basic subsystems in AIS
A
revenue cycle expenditure cycle resource management production cycle financing cycle
6
Q
what cycle is the sales process linked to
A
revenue cycle
7
Q
what cycle is the purchase process linked to
A
expenditure cycle
8
Q
what cycle is the production process linked to
A
the production cycle
9
Q
what cycle is the finance process linked to
A
the finance cycle
