1. Components of a computerized accounting information system:
An accounting information system is used by various stakeholders and decision makers to collect, process, summarize, report different kind of financial and accounting data for day to day business activities. It can be either manual system or computer based system. In a computerized accounting information system the data can be processed accurately and quickly when compared to manual accounting system.
Computerized accounting information system is a set of software programs that are stored and accessible on a computer server or network. Generally computer based
To indicate: Components of Computerized accounting information system:
2. To indicate: Examples of each component :
3. To discuss: Entry level software system :
Want to see the full answer?
Check out a sample textbook solutionChapter 7 Solutions
Horngren's Accounting, The Financial Chapters, Student Value Edition Plus MyLab Accounting with Pearson eText -- Access Card Package (11th Edition)
- General accountingarrow_forward8. When should equitable accounting principles override strict legal interpretations? (A) Court decisions dictate all entries (B) Legal form always determines treatment (C) Substance of economic relationships demands fair representation (D) Statutory rules apply without exceptionarrow_forwardGeneral Accountingarrow_forward
- Please given correct option general accountingarrow_forwardQuestion: What characterizes the accounting treatment for redeemable preferred stock at issuance? a) Record as standard equity only b) Split between debt and equity c) Classify as liability if redemption is required d) Present as hybrid instrumentarrow_forwardA California based manufacturers had the following data solve this accounting questionsarrow_forward
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education