ACG 4401 UCF Exam 1 Questions and Answers 100% Verified

Accounting Information System (AIS) - the information providing vehicle (intelligence) of the accounting language Attributes - characteristics of interest, which each entity has, that are stored Audit Trail - a traceable path of a transaction through a data processing system from point of irigin to final output, or backwards from final output to point of origin Batch Processing - updating records periodically, cheaper and more efficient, but delayed Block Code - blocks of number are reserved for specific categories of data Business Process - a set of related, coordinated, and structured activities and tasks that are performed by a person or by a computer or a machine, and that help accomplish a specific organizational goal Business Processes or Transaction Cycles - Revenue Cycle, Expenditure Cycle Production Cycle, Human Resources/Payroll cycle, Financing Cycle Chart of Accounts - a list of the numbers assigned to each general ledge account Coding - the systematic assignment of numbers or letters to items to classify and organize them context diagram - provides summary-level view of a system, only contains one process Control Account - general ledger account corresponding to a subsidiary lefgerData - facts that are collected, recorded, stored, and processed by an information system Data Flow - the movement of data among processes, stores, sources, and destinations Data Flow Diagram (DFD) - a graphical description of data sources, flows, processes, storage, and destinations Data Processing Activities (CRUD) - Creating, Reading, Updating, Deleting Data Processing Cycle - operations performed on data to generate meaningful and relevant information. Data Processing Cycle Steps - Data Input, Data Processing, Data Storage, Information Output Data Source or Data Destination - people and organizations that send data to and receive data from the system, represented by squares and often refereed to as data sinks