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Software distribution model in which a third-party provider hosts applications and makes them available to customers over the Internet.
SaaS is one of three main categories of cloud computing, alongside infrastructure as a service (Iaas) and platform as a service (Paas).

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Update Accounts Payable record and post to general ledger

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Update Accounts Payable record and post to general ledger

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What are the three logical steps of the cash disbursement systems?

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What are the three logical steps of the cash disbursement systems?

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contains records of past transactions retained for future reference
– Form an important part of the audit trail.

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stores data that are use as standards for processing transactions.

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temporary file of transaction records used to update data in a master file.

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Contains account data

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Computer based systems employ four types of files. Name them.

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Computer based systems employ four types of files. Name them.

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Time lag between components due to credit relationship with customers.
– physical component (sales order processing)
– financial component (cash receipts)

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– the production system (planning, scheduling, and control of the physical product through the manufacturing process)
– the cost accounting system (monitors the flow of cost information related to production)

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Time lag between components due to credit relationship with suppliers.
– physical component (acquisition of goods)
– financial component (cash disbursements to the supplier)

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What are the three cycles of transaction processing?

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What are the three cycles of transaction processing?