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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

In designing vendor records, what specific data elements would you include to help you select the best vendor for a particular purchase? Be specific as to the nature of the data to be stored, where it would come from, and how it would be used in the selection process.

Summary Introduction

To determine: The data elements to be included while designing vendor records.

Introduction:

Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

Explanation

Determine data elements to be included while designing vendor records:

Vendors should be selected based on quality and on-time deliveries. In order to achieve this, the data elements required are the number of on-time deliveries, the number of deliveries that satisfied the quality needs and the number of deliveries that fails to achieve the quality...

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