1|Page
Solution Manual for Accounting Information Systems, 4th edition
by Vernon J. Richardson, Chapters 1-18 | All Chapters included
|LATEST
What is an accounting information system? - ANSWER-A system that
records, processes, and reports both financial and non-financial
information.
What aspects does a simple information system have? - ANSWER-Input,
processing, storage, and output.
What is processing? - ANSWER-Activities at the transaction level - CRUD
(Create new records, Read existing records, Update existing records,
Delete records or data).
What are two different types of databases? - ANSWER-Hierarchical and
relational.
What is a hierarchical database? - ANSWER-An outdated method where
you need data at a higher level to obtain data at a lower level.
What is a relational database? - ANSWER-A database used frequently
today that allows all business streams to access data and information as
required by the business. Example: Sheridan Student Services booking
system.
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What is the difference between data and information? - ANSWER-Data
are raw facts (ie., numbers) that describe an event and have little
meaning on their own. Information is data organized to be meaningful
for the user. Data serves as an input.
What is discretionary information? - ANSWER-Information that is not
required by law. Think: secret
What is mandatory information? - ANSWER-Information that is
mandatory by law.
What is a value chain? - ANSWER-The primary activities (Inbound >
Operations > Outbound > Marketing > Service)
What is the supply chain? - ANSWER-Refers to the flow of materials,
information, payments, and services from suppliers through to the
customer.
What are the typical business cycle of AIS - ANSWER-Revenue cycle,
Expenditure cycle, Hr/Payroll cycle, Production/Manufacture cycle,
Financing cycle.
Transaction found under the Revenue cycle - ANSWER-Update credit
rating, sales, ship inventory, invoice customer.
Solution Manual for Accounting Information Systems, 4th edition
by Vernon J. Richardson, Chapters 1-18 | All Chapters included
|LATEST
What is an accounting information system? - ANSWER-A system that
records, processes, and reports both financial and non-financial
information.
What aspects does a simple information system have? - ANSWER-Input,
processing, storage, and output.
What is processing? - ANSWER-Activities at the transaction level - CRUD
(Create new records, Read existing records, Update existing records,
Delete records or data).
What are two different types of databases? - ANSWER-Hierarchical and
relational.
What is a hierarchical database? - ANSWER-An outdated method where
you need data at a higher level to obtain data at a lower level.
What is a relational database? - ANSWER-A database used frequently
today that allows all business streams to access data and information as
required by the business. Example: Sheridan Student Services booking
system.
, 2|Page
What is the difference between data and information? - ANSWER-Data
are raw facts (ie., numbers) that describe an event and have little
meaning on their own. Information is data organized to be meaningful
for the user. Data serves as an input.
What is discretionary information? - ANSWER-Information that is not
required by law. Think: secret
What is mandatory information? - ANSWER-Information that is
mandatory by law.
What is a value chain? - ANSWER-The primary activities (Inbound >
Operations > Outbound > Marketing > Service)
What is the supply chain? - ANSWER-Refers to the flow of materials,
information, payments, and services from suppliers through to the
customer.
What are the typical business cycle of AIS - ANSWER-Revenue cycle,
Expenditure cycle, Hr/Payroll cycle, Production/Manufacture cycle,
Financing cycle.
Transaction found under the Revenue cycle - ANSWER-Update credit
rating, sales, ship inventory, invoice customer.
