ACC200 by KAREN LEE, SIEW YEN

What is AIS ?

karenlee8 — 2023-11-10 02:11:46 UTC

What do you understand about Data process ?

karenlee8 — 2023-11-10 02:14:34 UTC

Describe System Development and Documentation

karenlee8 — 2023-11-10 02:15:22 UTC

What is Expenditure Cycle ?

karenlee8 — 2023-11-10 02:15:51 UTC

What is Revenue Cycle

karenlee8 — 2023-11-10 02:16:49 UTC

AIS

2023-11-10 05:32:22 UTC

AIS is the combination of accounting and information system to keep track the business financial transactions. It helps to identify, analyze relevant data to internal and external parties for decision making

The AIS collects and stores data The AIS collects and stores data about activities and transactions. It processes data into information that is useful for making decisions. Then it provides adequate controls to safeguard the organization’s assets.

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AIS is Accounting Information System

Accounting is the principle way of organizing and reporting financial information for business
information gives organized and processed data to make decision

2023-11-10 06:12:08 UTC

Data processing occurs when data is collected and translated into usable information. it must be accurate and reliable

data process

2023-11-10 06:12:45 UTC

Data processing is the method of collecting raw data and translating it into usable information. It is usually performed in a step-by-step process by a team of data scientists and data engineers in an organization. The raw data is collected, filtered, sorted, processed, analyzed, stored, and then presented in a readable format.

Data processing is the process of selecting data to process and storage data and then it generate meaningful information

2023-11-10 06:13:49 UTC

2023-11-10 06:13:50 UTC

Data process is a conversion of raw data into meaningful information via several steps (data collecting, data processing & storage, information generating).

Data input contains accounting documents, it needs to relevant, reliable, timely, verifiable in order to generate reliable information for effective and efficient decisions.

Data processing &storage is the most important step.

2023-11-10 07:05:34 UTC

the process of creating and maintaining various types of documents that describe the features, functions, design, and implementation of a software system.

2023-11-10 07:30:27 UTC

recurring a set of activities related to purchase of and payment for goods and services. then minimize the total cost of acquiring and maintaining inventories, suppliers. it including ordering, receiving and storing, and finally paying.

2023-11-10 07:33:25 UTC

Expenditure cycle is set of business activities and data processing operations involved in purchasing goods/services and making payments for suppliers. Expenditure cycle's objective is minimize cost of inventories and services.

2023-11-10 07:35:15 UTC

The expenditure cycle is a process that companies use to purchase goods and services from external vendors or suppliers. This cycle includes several steps, such as identifying the need for goods or services, selecting a vendor, negotiating terms, placing an order, receiving goods or services, and making payments.

2023-11-10 07:54:02 UTC

Revenue cycle is set of business activities (sales order entry, shipping, billing, and cash collection) related to provide goods&services and collect cash for these sales. The main objective of revenue cycle is to provide right product in the right place at the right time for the right price.

2023-11-10 07:54:23 UTC

The revenue cycle is a method of defining and maintaining the processes used for the completion of an accounting process for recording revenue generated from services or products provided by the company, which include the accounting process of tracking and recording transaction from the beginning, normally which starts from receiving an order from the customer or entering in agreement with the customer, delivering an order to customer and end with getting payment from the customer.