EBA 2053 Accounting Information System by Lily Ling Zhao Ying https://padlet.com/ling9811ice/b167uejk5s62 Individual Assignment Lily Ling Zhao Ying 61261 en-us 2019-02-27 10:31:15 UTC 2023-03-06 23:38:58 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Beartoy.png ling9811ice https://padlet.com/ling9811ice/b167uejk5s62/wish/335814984 What are the three cycles of transaction processing?
1. Expenditure cycle - time flag between components due to credit relationship with suppliers. There are two components: physical component which is acquisition of goods and financial component which is cash disbursements to the supplier.
2. Conversion cycle - composed of two major subsystems: production system which involves the planning, scheduling and control of the physical product through manufacturing process and cost accounting system which monitors the flow of the cost information related to production. 
3. Revenue cycle - time flag between components due to credit relationship with customers. there are two components: physical component which involves sales order processing and financial component which involves cash receipts. 

]]> 2019-02-27 10:31:15 UTC https://padlet.com/ling9811ice/b167uejk5s62/wish/335814984 ling9811ice https://padlet.com/ling9811ice/b167uejk5s62/wish/335831796 What is computer ethics?
Computer ethics analyzes the social impact of computer technology and formulation and justification of policies for the ethical use of technology. ]]> 2019-02-27 11:40:34 UTC https://padlet.com/ling9811ice/b167uejk5s62/wish/335831796 ling9811ice https://padlet.com/ling9811ice/b167uejk5s62/wish/335832004 What is Software as a Service (SaaS)? 
It is hosting the software remotely and providing access to it over the internet. 

]]> 2019-02-27 11:41:26 UTC https://padlet.com/ling9811ice/b167uejk5s62/wish/335832004 ling9811ice https://padlet.com/ling9811ice/b167uejk5s62/wish/335832910 For examples,  ]]> 2019-02-27 11:44:20 UTC https://padlet.com/ling9811ice/b167uejk5s62/wish/335832910 ling9811ice https://padlet.com/ling9811ice/b167uejk5s62/wish/335834847 2019-02-27 11:50:43 UTC https://padlet.com/ling9811ice/b167uejk5s62/wish/335834847 ling9811ice https://padlet.com/ling9811ice/b167uejk5s62/wish/335840235 How can we prevent inventory from being recorded automatically each time the system detects a low inventory level?
Once an item is on order, control should be in place to ensure that it is not ordered again until the original order has been received from the supplier. One method of accomplishing this is to flag the inventory item on order by entering a value such as the number of items ordered in the on-order field of the inventory record. This field has a value of zero when the item in question is not on order. ]]> 2019-02-27 12:13:18 UTC https://padlet.com/ling9811ice/b167uejk5s62/wish/335840235