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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

Describe how the GL/BR process focuses more on information functions than operational functions. Contrast the GL/BR with another business process (payroll, AP/CD, B/AR/CR, and so on) to highlight the different focuses inherent in the processes.

Summary Introduction

To explain: The way GL/BR process focusses more on the information functions and compares it with another business process.

Introduction:

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 way GL/BR process focusses more on the information functions and compare it with another business process:

The GL/BR process has fewer operational functions when compared with the other processes. Hence, it focusses mainly on the information functions. The other processes are performing some significant activities relating to providing goods and other services to the customers. Although, the main activity of the GL/BR process is the processing and communication of information.

The process also includes the accumulation, classification, recording the data in general ledger accounts. The data present in the general ledger accounts will be used to prepare the other reports and other web-based information for the organization in conformity with the GAAP...

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