Choose the term or phrase below that best completes each statement.a. Accounting c. Recording e. Governmental g. Language of businessb. Identifying d. Communicating f. Technology h. Recordkeeping (bookkeeping) reduces the time, effort, and cost of recordkeeping while improving clerical accuracy.

Choose the term or phrase below that best completes each statement.a. Accounting c. Recording e. Governmental g. Language of businessb. Identifying d. Communicating f. Technology h. Recordkeeping (bookkeeping) reduces the time, effort, and cost of recordkeeping while improving clerical accuracy.

Pkg Acc Infor Systems MS VISIO CD

10th Edition

ISBN:9781133935940

Author:Ulric J. Gelinas

Publisher:Ulric J. Gelinas

Chapter3: Electronic Business (e-business) systems

Section: Chapter Questions

Problem 1SP

See similar textbooks

Related questions

Q: Choose the term or phrase below that best completes each statement.a. Accounting c. Recording e.…

Q: Use the flowchart above to answer these questions: a. What accounting document is represented by…

A: A flowchart depicts the individual phases of a process in a logical sequence. It is a general tool…

Q: The accounting process is correctly sequenced as identification, communication, recording.…

A: In the accounting process, firstly the transaction is identified, then it will be recorded and…

Q: mechanical aspect of accounting

A: (Note: Since you have posted multiple questions, we will solve the first question for you. For the…

Q: Accounting information should have some qualitative characteristics in order to facilitate efficient…

A: Accounting information: Accounting is the process to record, analyze, summarize, and interpret…

Q: What can you say about this statement, "Information should be treated as a business resource."

A: Business resources The primary factors of production and inputs into each organization's production…

Q: two methods of acquiring accounting information sysytem, and list there disdvantages and advantages

A: Accounting information systems is a system of collection, processing and storage of accounting and…

Q: 1.A(n) ______________________________ is the attribute whose value is unique for every entity that…

A: Hey there since you have posted multiple questions, we can answer only first question for you,…

Q: Choose the term or phrase below that best completes each statement.a. Accounting c. Recording e.…

A: Accrual basis of accounting: Accrual basis of accounting refers to recognizing the expenses and…

Q: Classify the following activities as part of the identifying (I), recording (R), or communicating…

A: Accrual basis of accounting: Accrual basis of accounting refers to recognizing the expenses and…

Q: Which function of accounting is investigating the meaning of the information in the reports and the…

A: Analyzing: Under this function of accounting includes line-by-line inspections that break down…

Q: Definition The recording of transactions and events only, either manually or electronically. An…

A: 1) The term Bookkeeping refers to the process which tells us how to keep record of financial…

Q: Accounting professionals apply many technology tools to aid them in their everyday tasks and…

A: Accounting is the process used for recording the business’s financial information to obtain the…

Q: The basic function of financial accounting is to Select one: a. Interpret financial data b. Record…

A: Introduction:- Accounting is an art of recording, classifying, summarizing and interpreting the data…

Q: Accounting being an information system follows basic accounting concepts or principles also known as…

A: Notes: “Since you have asked multiple questions, we will solve the first question for you. If you…

Q: Match each of the numbered descriptions with the principle, component, or descriptor that it best…

A: Given below are the terms indicated with the meaning:

Q: Which process of the accounting cycle often requires the most analytical thought?A. making a journal…

A: Accounting cycle is the detailed process of recording, classifying, summarising and reporting…

Q: Define the term accounitng, explain any five types of accounting information users using five…

A: We shall answer the first question since the exact question wasn't specified. Please resubmit a new…

Q: 1. Answer the following questions related to the source document on the next page. A. What business…

A: The original document containing the specifics of a commercial transaction is referred to as a…

Q: This approach is useful for compliance reviews where operators should do what the contract, law,…

A: Answer: The correct answer is option (b) Value stream map Value stream Map gives the clear overview…

Q: w transactions are recorded and reported are created. Why do you need to learn about information…

A: Accounting Information System: Accounting information can be used for other calculations and…

Q: give example ofcativity based accounting and also write a memo

A: Activity-Based Accounting is a way of analyzing and then settling overhead costs by allocating the…

Q: Choose the term or phrase below that best completes statement: __________ is the recording of…

A: Account: It can be defined as a record that is maintained in the accounting system to track the…

Q: What are the 2 specific advantages of Accounting Information Systems (AIS) to ease accountants in…

A: Accounting information system is the system which collects, stores, records, summarise and report…

Q: Documentation is required in helping varying degrees of user sophistication in using the information…

A: Accounting software is the software which is used by the company or any business be it a small…

Q: Choose the term or phrase below that best completes statement: __________ reduces the time, effort,…

A: Account: It can be defined as a record that is maintained in the accounting system to track the…

Q: Management accounting provides economic and financial information for external users such as…

A: We shall answer the first question since the exact one wasn't specified. Please resubmit a new…

Q: The outputs of a computerized accounting information system are called a. reports. b. software. c.…

A: Computerized accounting includes using the computers and accounting software for recording, storing…

Q: Benji Borke has prepared the following list of statements about accounting information systems.…

A: Accounting: Accounting is the art of recording , classifying , summarizing and interpreting business…

Q: What are the four levels of activity in the pyramid representing the business organization ?…

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: Answer the following questions to ponder: 1. When does an accounting information system becomes…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Use the flowchart to answer these questions:a. What accounting document is represented by symbol…

Q: 4/The business is prepared the journal entries, ledger accounts and trail balance based on the…

A: Trial Balance is prepared after balancing the ledger accounts. It includes the balance of each and…

Q: Choose the term or phrase below that best completes statement: __________ requires that we input,…

A: General accounting is defined as the general ledger collecting as well as accounting activities…

Q: List and describe the major steps a business should follow in developing a new accounting…

A: Developing a new Accounting Information System to the Business Accounting Information System is a…

Q: Management consulting services is Select one: a. Attestation services b. Assurance services c. Audi…

A: Management Consulting: The objective of a management consulting engagement is to make a…

Q: 1. A health plan insurer provides its representatives with a car for their official use in the…

A: Cost is the total expenditure incurred in an organization during an accounting year. It includes…

Q: the following describe accounting describe accounting, except A. A service activity B. An…

A: As per rule, allowed to answer to answer one question at a time and post the remaining in the next…

Q: Any written evidence in support of a business transaction is called (A) Journal (B) Ledger…

A: We have the following question: Any written evidence in support of a business transaction is called:…

Question

Choose the term or phrase below that best completes each statement.
a. Accounting c. Recording e. Governmental g. Language of business
b. Identifying d. Communicating f. Technology h. Recordkeeping (bookkeeping) reduces the time, effort, and cost of recordkeeping while improving clerical accuracy.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Which of the following is an example of an input control?a. making sure that output is distributed to the proper peopleb. monitoring the work of programmersc. collecting accurate statistics of historical transactions while gathering datad. recalculating an amount to ensure its accuracye. having another person review the design of a business form
Match each of the numbered descriptions with the principle, component, or descriptor that it best reflects. Indicate your answer by entering the letter A through J in the blank provided. A. Control principle B. Relevance principle C. Compatibility principle D. Flexibility principle E. Cost-benefit principle F. Source documents G. Input devices H. Information processors I. Information storage J. Output devices 1. Capture information from source documents and transfer to information processing. 2. Keeps data accessible to information processors. 3. Systems that summarize information for use. 4. Means to take information out of an accounting system and make it available to users. 5. Provide the information processed by the accounting system. 6. Prescribes that benefits from an activity in a system outweigh the costs. 7. Prescribes that a system be adaptable to changes in the company, environment, and user needs. 8. Prescribes that a system conform with a company’s activities, personnel,…
Use the flowchart to answer these questions:a. What accounting document is represented by symbol A?b. What is an appropriate name for the department labeled B?c. What would be an appropriate description for process C?d. What is the location represented by symbol D?e. What accounting record is represented by symbol E?f. What is an appropriate name for the department labeled H?g. What device is represented by symbol F?h. What device is represented by symbol G?i. What accounting record is represented by symbol G?
8. ______________ is a professional service with an aim of improving the quality and transparency of information, to reduce the chance of problems occurring from incorrect information. a. Agency b. Accounting c. Assurance d. Costing
Concerning eXtensible Business Reporting Language (XBRL), which of the following statements is not true? A. XBRL reduces the need for information to be manually reentered into analysis tools B. XBRL creates unique tags for each data item C. XBRL is used for internal (managerial) reporting D. XBRL reduces the need to produce multiple reports
Choose the term or phrase below that best completes statement: __________ reduces the time, effort, and cost of recordkeeping while improving clerical accuracy.
1.Discuss the difference between internal and external users of information and their needs and demands on the information system. 2.Comment on the level of detail necessary for operations management, middle management and stakeholders. 3.Examine the General Model for AIS Table 1-4, discuss where and how problems will arise that can cause the resulting information to be bad or ineffective. 4.Why is it important to organizationally separate the accounting function from the other functions of the organization? 5.Contrast centralized data processing with distributed data processing. How do the roles of the different end users differs between the two approach
Describe briefly why Electronic Data Interchange (EDI) is helpful to managers.
The outputs of a computerized accounting information system are called a. reports. b. software. c. processing. d. purchase invoices.
Use the flowchart for Problem 3 to answer these questions a. What accounting document is represented by the symbol A? b. What is an appropriate name for the department labeled B? c. What would be an appropriate description for process C? d. What is the location represented by the symbol D? e. What accounting record is represented by the symbol E? f. What is an appropriate name for the department labeled H? g. What process is represented by the symbol F? h. What accounting record is represented by the symbol G? i. What accounting record is represented by the symbol G?
Using accounting software is better than preparing reports manually because it is, O A. less centralized, time efficient, and more accurate O B. cost effective, time efficient, and less centralized O C. cost effective, less centralized, and more accurate O D. cost effective, time efficient, and more accurate SUBMIT
3. System requirements are features that must be included in the new information systems to satisfy business and user information needs. (a) Discuss the categories of the system requirements that must be specified. (b) Describe the example of performance requirements in an accounting system.