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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

Identify a specific situation in which periodic processing is sufficient to support the business process, and a second situation where immediate processing is necessary to adequately support the process.

Summary Introduction

To determine: The situation in which periodic processing is sufficient and the situation in which immediate processing is necessary.

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 situation in which periodic processing is sufficient and the situation in which immediate processing is necessary:

Consider a furniture store, where periodic processing is sufficient. There is no need to update immediately. For a furniture store, the transaction volume will be lower and the weekly update is enough. Inventory information related to purchasing decision need not be updated regularly...

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