unit 1 computerised Flashcards
A logical sequence of actions to
perform a task.
procedure
The raw fact (as input) for any
business application.
poeple r also called
data
users
Hardware : Computer, associated —–,
and their network.
Software : System software and —–
software.
peripherals
system soft+ applictaion soft
journals also called —
day books
journals also called —
day books
The — is a record of inflow and outflow of resources.
In accounting, a transaction consists of —-
data elements, such as —- of account, accounting —–, —– of
transaction and amount
transaction
4
name of acc
accounting code
date and
amount
A data-item (data ——) is the smallest named unit of data in
the information system
element/item
acc application software results in info being diplayed thorugh —–
accesed queries
The —- system of accounting is
traditionally most popular method of keeping
records of financial transactions of an
organisation. Financial statements are the end
products of the accounting process, which are
prepared in accordance with Generally
Accepted Accounting Principles (GAAP). The
accounting —- means the processes involved
in identifying, measuring and communicating
the information
manua
accting cycle
- Financial Statements are prepared from the finally adjusted ——
and balancing the accounts.
ledger
fetaures of CAS:
SAST (a) R
5 fts
-simple and integrated
transarency n control
-accuracy n speed
-scalability
-re.iability
CAS is designed to automate and integrate all the business operations.CAS may be integrated with enhanced MIS (Management
Information System), —- and—— capabilities to simplify all the business processes of the organisation easily and
cost-effectively
which ft?
Multi-lingual
Data Organisation
simple n integrated
which ft?
CAS provides sufficient time to plan,/increases data accessibility and enhances user satisfaction. With computerised accounting, the
organisation will have greater transparency for day-to-day business
operations and access to the vital information.
-transoarency n ocntrol
if it mentions time to plan or more access of data blah blah that implies more control
CAS provides user-definable —– (data entry screens or forms)
for fast, accurate data entry of the transactions. It also helps in
——– desired documents and reports.
whch ft?
templates
generalising
accuracy and speed - cos templates make easier
The increase in the number of transaction changes the —– and
—— of the business. Therefore it becomes necessary to have proper
classification of data. T
vol and size
Revenue means inflow of resources, which results from the sale of goods or
services in the normal course of business and increase in —- . Expenses
imply consumption of resources in generating revenues.
capital
In order to maintain the hierarchical relationships between
a group and its sub-groups, proper —— is required to ensure
neatness of classification.
codification
According to —— Dictionary, the term code means “a system of letter or figure with arbitrary meaning for brevity and for machine processing of information”. Thus, code is an —— mark.
concise oxford
identification
code is any letter/fig used for machine to process data w any sort of meaning u can give it, for concisneess
According to —— Dictionary, the term code means “a system of letter or figure with arbitrary meaning for brevity and for machine processing of information”. Thus, code is an —— mark.
concise oxford
identification
code is any letter/fig used for machine to process data w any sort of meaning u can give it, for concisneess
In —– Code, numbers and/or letters are assigned in consecutive
order. These codes are applied primarily to —— documents such as
cheques, invoices, etc. A sequential code can facilitate document
searches, ie either identification of missing codes
(numbers) relating to a particular document or a relevant document can be traced on the basis of code
Sequential- consecutive
source docs
digit coding utilizes the —- present (used)
in grouping of accounts. Major advantage of such coding is that if the
account codes are listed in ascending (i.e. increasing) order, these will
be automatically listed as per the desired hierarchy.
hierarchy
In a —– code, a range of numbers is partitioned into a desired number
of sub-ranges and each sub-range is allotted to a specific group. In
most of the uses of block codes, numbers within a sub-range follow
—– coding scheme, i.e. the numbers increase consecutively.
block- relates to ranges
sequential
A — code consists of alphabets or abbreviations as symbols to
codify a piece of information
mnemonic
coding struc also called —
scheme
