The following are subsystems of the Accounting Information System, EXCEPTa. Transaction Processing System.b. Human Resources System.c. General Ledger/Financial Reporting System.d. Management Reporting System.

Q: 4. Processing methods a.are the means by which the accounting system collects, summarizes, and…

A: Processing methods may be manual or computerized.

Q: Which internal control objective is concerned with ensuring that accumulated totals in the…

A: Internal controls are the procedures that are implemented to ensure operational efficiency and…

Q: When does an accounting information system becomes useful?  What is the relevance of having…

A: 1.When does an accounting information system becomes useful? 2. What is the relevance of having…

Q: Identify and define the two major types of controls in an accounting information system.

A: Accounting Controls Accounting controls are the policies and procedures that a company adopts to…

Q: Which of the following is not a component of an accounting system?   the input source documents…

A: The Components of an accounting system is : The Input source documents The output reports.

Q: two methods of acquiring accounting information sysytem, and list there disdvantages and advantages

A: Accounting information systems is a system of collection, processing and storage of accounting and…

Q: Accounting information's integrity is enhanced via audits.

A: This question explains about accounting information's integrity is enhanced via audits.

Q: Accounting information systems are: A. Record, process, and output information. B. Always…

A: Accounting refers to the process of recording the financial transactions of a business. Accounting…

Q: The general ledger clerk receives summary data from which departments?what form of summary data?

A:

Q: Differentiate between manual accounting and computerized accounting.

A: Comparison Chart   BASIS FOR COMPARISON MANUAL ACCOUNTING COMPUTERIZED ACCOUNTING Meaning…

Q: Which of the following assets require the strongest of internal controls?A. inventoryB. credit…

A: Internal control procedures are those techniques and procedures which are established for the…

Q: Explain the accounting processing cycle.

A:

Q: A CIS environment exists when a computer of any type o. size is involved in processing of an…

A: Answer: CIS is defined as one of information system which is based on computer information system.…

Q: Define and explain the following. Provide two references A: Audit  data analytics B: Audit data…

A: Data analytics has been for a long in a variety of forms, but businesses are now finding more…

Q: An introduction to what are the most effective internal control systems or techniques available for…

A: Introduction to Internal control system: The internal control system consists of procedures and…

Q: What steps of independent verification does the general ledger department perform?

A: The general ledger of an organisation is maintained by the general ledger department. The recording…

Q: Explain the two components of a computerized accounting information system.

A: Computerized Accounting Information System:   Computerized accounting information are software…

Q: What are management’s responsibilities related to maintaining a transaction trail?

A: A transaction tail defines the sequence of evidences which helps in reconstruction of transaction…

Q: Name three components of a Transaction Processing System.

A: A Transaction Processing System is a set of information that processes the transaction data in the…

Q: The general ledger account that corresponds to a subsidiary ledger account is known as a   a.…

A: The objective of the question is to identify the correct term for the general ledger account that…

Q: differentiate internal user from external user of accounting information

A: Accounting is the detailed process of recording, classifying, summarising and reporting accounting…

Q: How does accounting provide important data to a. Internal users b. External users

A: The process by which financial transactions of the business are recorded and communicated with the…

Q: What are the key control objectives required for a well-designed general ledger and reporting…

A: A well-designed general ledger and reporting information system should have several key control…

Q: Structured form or document used to collect and analyze data, often done real time where the data…

A: Audit point sheet - These sheets are used to document potential audit findings. This sheets are…

Q: The financial data on the financial reports is built or generated on the base of A. Single entry…

A: Financial accounting is one of the important and useful branch of accounting. Under this, financial…

Q: Explain the difference between the general ledger and a subsidiary ledger.

A: Ledger is a book where the journal entries recoded are posted. All the transactions in a ledger are…

Q: Mention two audit procedures relating to electronic data interchange controls

A: Audit: Audit is the process of verification of the compliance of the financial statements. It…

Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.