Horngren's Accounting, Student Value Edition (11th Edition)
11th Edition
ISBN: 9780133851182
Author: MILLER-NOBLES, Tracie L.; Mattison, Brenda L.; Matsumura, Ella Mae
Publisher: PEARSON
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Textbook Question
Chapter 7, Problem S7.2SE
Defining components of an
Learning Objective 1
Match each example with a component of a computerized accounting information system. Components may be used more than once.
| Example | Component |
| 1. Server |
Source documents and input devices |
| 2. Bank checks | b. Processing and storage |
| 3. Reports | c. Outputs |
| 4. Keyboard | |
| 5. Software | |
| 6. Financial statements | |
| 7. Bar code scanner |
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Understanding components of a computerized accounting information system
Ned Timmons, engineer, is considering using a computerized accounting system for his professional engineering business. Ned has asked that you help him understand the components of a computerized accounting information system by answering the following questions:
Requirements
1. What are the two basic components of a computerized accounting information system?
2. Provide examples of each component.
3. If Ned were interested in an entry-level software system, what software might you recommend?
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Question
Given below question on accounting information system subject. You are required to give answers based on your own understanding with revelent examples.
1. What are the four levels of activity in the pyramid representing the business organization ? distinguish between horizontal and vertical flows of information.
2. What is the relationship among data, information and an information system?
3. Distinguish between Accounting Information System (AIS) and Management Accounting System (MIS)
4. What are the characteristics of good or useful information?
5. What are the levels of data hierarchy ?
6. Distinguish the roles of internal and external auditors
7. Distinguish between the centralized and distributed approaches to organizing the IT function
Chapter 7 Solutions
Horngren's Accounting, Student Value Edition (11th Edition)
Ch. 7 - Which of the following benefits of an effective...Ch. 7 - Prob. 2QCCh. 7 - Which of the following is not a special journal?...Ch. 7 - Mountain Day Spa sold merchandise inventory on...Ch. 7 - Prob. 5QCCh. 7 - Centex Sound Systems purchased merchandise...Ch. 7 - Every transaction recorded in the cash payments...Ch. 7 - Prob. 8QCCh. 7 - Which is a disadvantage of an enterprise resource...Ch. 7 - Prob. 1RQ
Ch. 7 - Prob. 2RQCh. 7 - Explain the three basic components of an...Ch. 7 - What is a special journal?Ch. 7 - What is the purpose of a subsidiary ledger?Ch. 7 - Prob. 6RQCh. 7 - List the four special journals often used in a...Ch. 7 - Explain the posting process of the sales journal.Ch. 7 - Provide some examples of transactions that would...Ch. 7 - What are the columns that are typically used in...Ch. 7 - Prob. 11RQCh. 7 - When is the general journal used in a manual...Ch. 7 - Explain the two components of a computerized...Ch. 7 - Prob. 14RQCh. 7 - What is an enterprise resource planning (ERP)...Ch. 7 - Prob. 16RQCh. 7 - How would a business record a sale of services on...Ch. 7 - How would a business record a bill received in...Ch. 7 - Prob. S7.1SECh. 7 - Defining components of an accounting information...Ch. 7 - Identifying special journals Learning Objective 2...Ch. 7 - Prob. S7.4SECh. 7 - Posting transactions from a sales journal to a...Ch. 7 - Prob. S7.6SECh. 7 - Prob. S7.7SECh. 7 - Prob. S7.8SECh. 7 - Posting transactions from a purchases journal to a...Ch. 7 - Prob. S7.10SECh. 7 -
S7-6 Recording transactions in a cash receipts...Ch. 7 - Prob. S7.12SECh. 7 - Prob. S7.13SECh. 7 - Prob. E7.14ECh. 7 - Prob. E7.15ECh. 7 - Prob. E7.16ECh. 7 - Prob. E7.17ECh. 7 - Prob. E7.18ECh. 7 - Prob. E7.19ECh. 7 - Recording transactions-cash payments journal...Ch. 7 - Prob. E7.21ECh. 7 - Identifying transactions in the accounts payable...Ch. 7 - Prob. E7.23ECh. 7 - Using the sales, cash receipts, and general...Ch. 7 - Prob. P7.25APGACh. 7 - Using all journals, posting, and balancing the...Ch. 7 - Prob. P7.27BPGBCh. 7 - Prob. P7.28BPGBCh. 7 - Prob. P7.29BPGBCh. 7 - >Continuing Problem P7-30 Using all journals This...Ch. 7 - >Practice Set P7-31 Using all journals This...Ch. 7 - Prob. 1CPCh. 7 - Prob. 2CPCh. 7 - Prob. 3CPCh. 7 - Prob. 4CPCh. 7 - Prob. 5CPCh. 7 - Prob. 6CPCh. 7 - Prob. 7CPCh. 7 - Prob. 8CPCh. 7 - Prob. 9CPCh. 7 - Decision Case 7-1 A fire destroyed certain...Ch. 7 - Fraud Case 7-1 Didrikson Rubin, the auditor of Red...
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- Question: computers play a significant part in current accounting practice. state two advantages of a computerized accounting system.arrow_forwardAfter completing your first degree in accounting you have been employed by XYZ Company as an account officer. The Management of the company has tasked you to implement a computerized accounting system.RequiredIn a paragraph each, address the following questions:a) Discuss five benefits associated with the implementation of the computerizedaccounting system within the company.b) Giventhattherearesomanyaccountingpackagesonthemarket,whatshouldyoube looking for when selecting a computerized accounting package for the company?Explain any five factors to considerc) Assuming you procure a Sales Ledger package, what kind of reports should weexpect? List five types of reports expected to be generated.d) Explainthedifferencebetweenastand-alonepackageandanintegratedpackage?Explain two advantaged and two disadvantages of an integrated packagee) Before a new accounting package can be deployed, it needs to be configured. What does it mean to configure an accounting package? Explain the processes…arrow_forwardQuestion based on Accounting Information System subject . 1. What are the four levels of activity in the pyramid representing the business organization ? distinguish between horizontal and vertical flows of information.2. What is the relationship among data, information and an information system?3. Distinguish between Accounting Information System (AIS) and Management Accounting System (MIS)4. What are the characteristics of good or useful information?5. What are the levels of data hierarchy ?6. Distinguish the roles of internal and external auditors 7. Distinguish between the centralized and distributed approaches to organizing the IT function.arrow_forward
- Defining components of an accounting information system Match each component of a computerized accounting information system with an example. Components may be used more than once.arrow_forwardGiven below question on accounting information system subject. Answer required based on your own understanding with examples 1. What are the four levels of activity in the pyramid representing the business organization ? distinguish between horizontal and vertical flows of information. 2. What is the relationship among data, information and an information system? 3. Distinguish between Accounting Information System (AIS) and Management Accounting System (MIS) 4. What are the characteristics of good or useful information? 5. What are the levels of data hierarchy ? 6. Distinguish the roles of internal and external auditors 7. Distinguish between the centralized and distributed approaches to organizing the IT function.arrow_forwardQuestion: 1)Accounting Information System is a option: a) manual system b) computer-cased system required: please answer this question by choosing the right option.arrow_forward
- Question: 1) define Accounting Information System (AIS) ? briefly define.arrow_forwardChoose the term or phrase below that best completes each statement.a. Accounting c. Recording e. Governmental g. Language of businessb. Identifying d. Communicating f. Technology h. Recordkeeping (bookkeeping) is the recording of transactions and events, either manually or electronically.arrow_forwardsubject: accounting information system (a) Discuss REA modelling in accounting information systems. Clearly explain the manner in which a REA model can be depicted as a diagram.arrow_forward
- Accounting information systems by Gelinas: Why does the accountants need to learn about information systems?arrow_forwardMultiple choice: 1. Which of the following is one of the fundamental qualitative characteristics? A. Comparability B. Timeliness C. Verifiability D. Relevance 2. This branch of accounting focuses on catering to the information needs of external users A. Management accounting B. Auditing C. Financial accounting D. External accountingarrow_forwardIn your accounting courses, you have learned about how transactions are recorded and reported are created. Why do you need to learn about information systems? Why do need to be able to understand the technical aspects?arrow_forward
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