Bundle: Accounting Information Systems, Loose-Leaf Version, 11th + MindTap Accounting, 1 term (6 months) Printed Access Card
Bundle: Accounting Information Systems, Loose-Leaf Version, 11th + MindTap Accounting, 1 term (6 months) Printed Access Card
11th Edition
ISBN: 9781337587297
Author: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher: Cengage Learning
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Chapter 13, Problem 1RQ
Summary Introduction

To determine: The AP/CD process.

Introduction: Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

Expert Solution & Answer
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Explanation of Solution

Determine the AP/CD process:

AP/CD process is Accounts Payable/Cash Disbursements process. Interacting structure of activities, controls, equipment, and people to create inflows is said to be AP/CD process. AP/CD process helps the firm to manage the work habits of the verifying vendor invoices and disbursing payments.

It helps in supporting the decision of the people who manage the treasurer’s department and the accounts payable department.

It assists in preparing cash requirements to forecast and spending compared to budget, which can be internal and external reports.

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