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23 Cards in this Set
- Front
- Back
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GL system #1
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update general ledger
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GL system #2
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post adjusting entries
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GL system #3
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prepare financial statements
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GL system #4
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produce managerial reports
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trial balance
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report lists balances for all general ledger accounts
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journal voucher
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records journal entries made to the general ledger
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responsibility accounting
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reporting financial results based managerial responsibilites within an organzation
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XBRL
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XML for business
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validity check
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ensure general ledger accounts exist, ref by journal entry
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field checks
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ensure amt field in journal entry contains only numberic information
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zero balance checks
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verify all debits equal total credits in a journal entry
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completeness test
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ensure all data is entered, especially the source of the journal entry
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closed loop verification
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matching account # with account descriptions,
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creating standard adjusting entry file
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recurring adjusting entries, improve accuracy of the debit and credit
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sign check
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verifiy balances are of the right nature, debit or credit
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calculating run to run totals
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verify journal voucher batch processing
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general journal listing
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show details or each entry posted
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audit trail
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depicts path of a transaction through accounting system
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data warehouse
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contains both detailed and summarized data for years, used for analysis not transactions
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data marts
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smaller than data warehouse, for specific function like finance
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business inteligence
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accessing data contained in a data warehouse for strategic decision making
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OLAP online analytical processing
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using queries guided by users to investigate hypothesied relationships
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data mining
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using AI and others to discover unhypothesized relationships
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