Individual Assignment by Joshua Ng https://padlet.com/joshuang32/z8ha4vvwgxmu EBA2053-Accounting Information System en-us 2019-03-04 03:08:24 UTC 2025-10-30 10:48:25 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/361582148/de71b9911edbfcad6d68a33a34cb05b4/6df096_4089670.jpg Learning unit 1: Review Question 2. Distinguish between AIS and MIS joshuang32 https://padlet.com/joshuang32/z8ha4vvwgxmu/wish/337326875 Accounting Information System
Definition:
  • Responsibility for providing timely and accurate financial and statistical reports for internal management and external parties. 
Information Valuables:
  • Valuable information can be used to access past performance and come up with decision for future projects
Scope of information system:
  • It is a narrow system as it is part of MIS
 Information processed:
  • Financial and non-financial transaction.
 Information users:
  • Provide information to internal and external users.
]]> 2019-03-04 03:13:52 UTC https://padlet.com/joshuang32/z8ha4vvwgxmu/wish/337326875 Learning unit 1 joshuang32 https://padlet.com/joshuang32/z8ha4vvwgxmu/wish/337328659 Management Information System
Definition:
  • Computer-based system that provides manager with the tools to organize, evaluate and efficiently manage departments within an organization. 
 Information Valuables:
  •   Invaluable information that can be used effectively to evaluate past decisions and to plan accordingly to predict future operational success.
 Scope of information system:
  •  It is a wider system as AIS also subsystem of MIS.
 Information processed:
  •  Non-financial transaction only.
Information users
  •  Provide information to internal users only.
]]> 2019-03-04 03:24:11 UTC https://padlet.com/joshuang32/z8ha4vvwgxmu/wish/337328659 Learning unit 2: Review Question 1. What three transaction cycles exist in all businesses? joshuang32 https://padlet.com/joshuang32/z8ha4vvwgxmu/wish/337329413
  •  Expenditure Cycle: Time lag between components due to credit relationship with suppliers.
    • physical component (acquisition of goods.)
    • financial component (cash disbursements to the supplier)
       2. Conversion Cycle 
    •  The production system (planning, scheduling and control of the physical product though the manufacturing process.)
    • The cost accounting system (monitors the flow of cost information related to production
       3.  Revenue Cycle: Time lag    between components due to credit relationship with customers.
    •  Physical component (sales order processing)
    • Financial component (cash receipts)








    ]]>     2019-03-04 03:28:39 UTC https://padlet.com/joshuang32/z8ha4vvwgxmu/wish/337329413     Learning unit 3 Review Question 5. What are the three logical steps of the cash disbursement systems? joshuang32 https://padlet.com/joshuang32/z8ha4vvwgxmu/wish/337330257 a)  Authorization of cash disbursements for payment.
    b)  Preparation & distribution of checks, and
    c)    preparation  of  summary  information  by  cash  disbursements  and  accounts payable and sent to the general ledger clerk.


    ]]>     2019-03-04 03:33:15 UTC https://padlet.com/joshuang32/z8ha4vvwgxmu/wish/337330257     Learning unit 4 Review Question 2. What is Software as a Service (SaaS)? joshuang32 https://padlet.com/joshuang32/z8ha4vvwgxmu/wish/337330431
  • Software as a Service is based entirely on the Internet and it is an approach to software distribution by which software provides host a combination of servers, databases and code to create applications that can be accessed by users from connected devices. SaaS brings the power of a firm’s workflow to any user anywhere in the world at anytime.
  • Example: Salesforce.com, Microsoft Office 365, Google Apps, Amazon Web Services, Dropbox and so on. 


    • ]]>     2019-03-04 03:34:12 UTC https://padlet.com/joshuang32/z8ha4vvwgxmu/wish/337330431