Exam 2: Overview of Transaction Processing and Enterprise Resource Planning Systems

Explain how data is organized and stored in an AIS.

When the sum of all entries in the subsidiary ledger equals the balance in the corresponding general ledger account,it is assumed that

Pre-numbered invoices and pre-numbered purchase orders are examples of

Describe the methods used to collect data about business activities.Describe design and control considerations for each of the data collection methods.

Which of the following statements regarding special journals is not true?

Data must be collected about three facets of each business activity.What are they?

A change in an employee's hourly pay would be recorded in

The general ledger

Pre-numbering of source documents helps to verify that

John Pablo works in the accounting department of a multinational manufacturing company.His job includes updating accounts receivable based on sales orders and remittance advices.His responsibilities are part of the company's

The efficiency of recording numerous business transactions can be best improved by the use of

All of the following situations would likely be communicated in an exception report except

A delivery of inventory from a vendor,with whom a credit line is already established,would be initially recorded in which type of accounting record and as part of what transaction cycle?

What is the most frequent revenue cycle transaction?

In an ERP system,the module used to record data about transactions in the disbursement cycle is called

Issuing a purchase order is part of which transaction cycle?

A chart of accounts is an example of (select all that apply)

Which of the following information would most likely be reviewed by management on an exception report?

All of the following are ERP vendors except

Identify the statement below that is false with regards to effective coding practices.