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17 Cards in this Set

  • Front
  • Back

Value Chain

An organizing framework for business processes, beginning with vendors and ending with customers

business process

Related activities performed by an enterprise to create value by transforming input into output

Sales cycle

exchanges or transactions between an enterprise and its customers

transaction cycles

accounting transactions related to specific business processes

payroll cycle

transactions with employees

integrated enterprise system

shares data across functional areas within the enterprise

purchasing cycle

transactions related to purchasing items from vendors

enterprise system

a system that supports business activities throughout the enterprise, including inputs, processing, and outputs

baseline accounting system

a model that provides an enterprise-wide view of the firm's accounting system

General Ledger

Financial cycle

account transactions



financial cycle

time worked

payroll cycle

employee

payroll cycle

purchase order

purchasing cycle

cash receipts

sales cycle

customer

sales cycle

recording and processing information about a transaction at the time it takes place is referred to as which of the following?

a