WGU D217 Accounting Information Systems
Exam Questions and Answers with Verified
Solutions | Latest Updated 2026
Information Flow (horizontal flow) Supports operations-level tasks with highly
detailed information about the many
business
transactions affecting the firm. This
includes
information about events such as the sale
and
shipment of goods, the use of labor and
materials
in the production process, and internal
transfers of
resources from one department to another.
Information Flow (vertical flow) Distributes information downward from
senior
managers to junior managers and
operations
personnel in the form of instructions,
quotas, and
budgets. In addition, summarized
information
pertaining to operations and other activities
flows
upward to managers at all levels.
Management
uses this information to support its various
planning
and control functions.
,Information Flow (exchanges day Exchanges with trading partners include
to customer
day) sales and billing information, purchase
information
for suppliers, and inventory receipts
information.
Stakeholders are external entities with a
direct or
indirect interest in the firm. Stockholders,
financial
institutions, and government agencies are
examples of external stakeholders.
Information
exchanges with these groups include
financial
statements, tax returns, and stock
transaction
information
General Ledger System (GSL) Hub connected to other systems of the firm
threw
spokes of information flows. Transaction
cycles
process individual events that are recorded
in
special journals in subsidiary accounts.
Summarizes
of these transactions, and never source
documents
themselves flow into the GSL and become
sources
of imput for management and financial
reporting
systems.
, Accounting Information Systems Specialized subset of information systems
(AIS) that
processes financial transactions, AIS
applications
process financial transactions. Framework
for
Information from Transaction Processing
Systems,
General Ledger Systems, and
Management
Reporting Systems flow into AIS.
centralized data processing Model under which all data processing is
performed by one or more large
computers,
housed at a central site, that serve users
throughout the organization.
Transaction Processing System which supports daily business operations
(TPS) with
numerous reports, documents, and
messages for
users throughout the organization; Three
transaction cycles process most of the
firm's
economic activity: the expenditure cycle,
the
conversion cycle, and the revenue cycle
Exam Questions and Answers with Verified
Solutions | Latest Updated 2026
Information Flow (horizontal flow) Supports operations-level tasks with highly
detailed information about the many
business
transactions affecting the firm. This
includes
information about events such as the sale
and
shipment of goods, the use of labor and
materials
in the production process, and internal
transfers of
resources from one department to another.
Information Flow (vertical flow) Distributes information downward from
senior
managers to junior managers and
operations
personnel in the form of instructions,
quotas, and
budgets. In addition, summarized
information
pertaining to operations and other activities
flows
upward to managers at all levels.
Management
uses this information to support its various
planning
and control functions.
,Information Flow (exchanges day Exchanges with trading partners include
to customer
day) sales and billing information, purchase
information
for suppliers, and inventory receipts
information.
Stakeholders are external entities with a
direct or
indirect interest in the firm. Stockholders,
financial
institutions, and government agencies are
examples of external stakeholders.
Information
exchanges with these groups include
financial
statements, tax returns, and stock
transaction
information
General Ledger System (GSL) Hub connected to other systems of the firm
threw
spokes of information flows. Transaction
cycles
process individual events that are recorded
in
special journals in subsidiary accounts.
Summarizes
of these transactions, and never source
documents
themselves flow into the GSL and become
sources
of imput for management and financial
reporting
systems.
, Accounting Information Systems Specialized subset of information systems
(AIS) that
processes financial transactions, AIS
applications
process financial transactions. Framework
for
Information from Transaction Processing
Systems,
General Ledger Systems, and
Management
Reporting Systems flow into AIS.
centralized data processing Model under which all data processing is
performed by one or more large
computers,
housed at a central site, that serve users
throughout the organization.
Transaction Processing System which supports daily business operations
(TPS) with
numerous reports, documents, and
messages for
users throughout the organization; Three
transaction cycles process most of the
firm's
economic activity: the expenditure cycle,
the
conversion cycle, and the revenue cycle
