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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 are the primary functions the GL/BR process performs?

Summary Introduction

To explain: The primary functions of a GL/BR process.

General ledger/business reporting process (GL/BR):

General ledger can be defined as the central data repository needed to develop the business reports. The business reports and other forms of information generation are all derived from the general ledger data repository. The GL/BR process is considered as a central activity of the accounting information systems.

Explanation

The primary functions of a GL/BR process:

The general ledger process includes the following activities:

  • Accumulating and classifying by GL accounts and recording the data in those accounts.
  • Driving the reporting process of the BR and other reports by providing the required data for the generation of the reports.

The business reporting activities include the following activities:

  • Preparation of the financial reports.
  • To ensure that the reports adhere to the generally accepted accounting standards.
  • Generation of web-based reports and for the business reporting process.
  • The separate generation of ad-hoc reports and other reports supporting the business decision-making process.

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