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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

What is the AP/CD process?

Summary Introduction

To determine: The AP/CD process.

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 the AP/CD process:

AP/CD process is Accounts Payable/Cash Disbursements process. Interacting structure of activities, controls, equipment, and people to create inflows is said to be AP/CD process. AP/CD process helps the firm to manage the work habits of the verifying vendor invoices and disbursing payments.

It helps in supporting the decision of the people who manage the treasurer’s department and the accounts payable department.

It assists in preparing cash requirements to forecast and spending compared to budget, which can be internal and external reports.

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