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22 Cards in this Set
- Front
- Back
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Process that begins with capturing transaction data and ends with an informational output such as the financial statements
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transaction processing
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Cycle where goods and services are sold for cash or a future PTM cash
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revenue cycle
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Purchasing of inventory for resale or raw materials to use in producing products in exchange for cah
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expenditure cycle
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raw materials are transformed to finished goods
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production cycle
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Where employees are hired, tranined, compensated, evaluated and terminated
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hr cycle
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companies sell parts of the company to investors and borrow money and where investors are paid dividends
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financing cycle
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system used to generate information for both management and external parties
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general ledger and reporting system
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records of company data sent to an external party and then returned to the system
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turnaround documents
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Ability to capture transaction data in machine-readable form a the time and place of their origin
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Source data automation
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the general ledger account correstponding to a subsidiary ledger is also called
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control account
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A list of all general ledger accounts an organization uses
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charts of accounts
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Used to simplify the proecess of recording large number of repetitive transactions
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specialized journal
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___ Provides a means to check the accuracy and validity of ledger postings
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Audit trail
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___ is somthing about which information is stored. such as employees, inventory items, and customers.
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Entity
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A charateristic of the entity is called a (an)
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attribute
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physical spaces called ___ store data values
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fields
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The set of fieds that contain data about vairous attributes of the same ientity forms a ___
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record
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a ___ is a group of related records
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file
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A set of interrelated, centrally coordinated files
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database
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Four types of file processing
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Updating, changing, adding, deleting
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Batching processing
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periodic updating of data
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_____ documents are generated at the end of transaction processing activities
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operational
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