Final Exam Questions

Final Exam Questions - Accounting Information System Final...

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Accounting Information System: Final Exam Questions: December 7, 2011 2pm—4pm Same Room Basic Understanding: Flow charts Data Flow Information Acquisition Terms/Concepts: Transactional Accounting System and Cycle: Know all the steps, know the difference between he accounting system and the cycle, where does it start where does it end. Core Competencies: To understand the points at which accounting information systems, auditing, managerial accounting, financial accounting, taxations are related. Know all the core competencies Inputs and Outputs of accounting information systems: Inputs-Source Documents (receipts, invoices, purchase orders, credit check) Processes: When you’re processing your accounting information system you are using the application in your system to process (input-processes-outputs) transaction/ economic events. Within every process there are action steps, action steps in order to complete a step in your production cycle. (Add raw materials, labor, and overhead).
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This note was uploaded on 03/27/2012 for the course ACCT 01 taught by Professor Smith during the Spring '12 term at Howard.

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Final Exam Questions - Accounting Information System Final...

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