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Exam #1 | ACCT - Accounting & Information Systems, Quizzes of Accounting

Class: ACCT - Accounting & Information Systems; Subject: Accounting; University: University of Baltimore; Term: Forever 1989;

Typology: Quizzes

2013/2014

Uploaded on 09/22/2014

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TERM 1
Define Schema
DEFINITION 1
Description of the data elements in a database.
TERM 2
What are the 3 levels of schema?
DEFINITION 2
External level
Conceptual level
Internal level
TERM 3
Data Processing Cycle
DEFINITION 3
The steps a company must follow to efficiently and
effectively process data about its transactions
TERM 4
Source Documents
DEFINITION 4
Paper documents used to capture transaction data at its
source
TERM 5
Turnaround Documents
DEFINITION 5
Records of company data sent to an external party and then
returned to the system as input
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Define Schema

Description of the data elements in a database. TERM 2

What are the 3 levels of schema?

DEFINITION 2 External level Conceptual level Internal level TERM 3

Data Processing Cycle

DEFINITION 3 The steps a company must follow to efficiently and effectively process data about its transactions TERM 4

Source Documents

DEFINITION 4 Paper documents used to capture transaction data at its source TERM 5

Turnaround Documents

DEFINITION 5 Records of company data sent to an external party and then returned to the system as input

Source Data Automation

Devices that capture transaction data in machine-readable form at the time and place of their region; e.g. atm's TERM 7

General

Ledger

DEFINITION 7 Contains summary level data for every asset, liability, equity, revenue, and expense account TERM 8

Subsidiary

Ledger

DEFINITION 8 Contains detailed data for any general ledger account with many individual subaccounts TERM 9

Control Account

DEFINITION 9 The GL account corresponding to a subsidiary ledger, where the sum of all subsidiary ledger entries should equal the amount in the GL account TERM 10

Coding

DEFINITION 10 Systematic assignment of numbers or letters to items to classify and organize them

General Journal

Used to record infrequent or non routine transactions TERM 17

Specialized Journal

DEFINITION 17 Used to record large numbers of repetitive transactions TERM 18

Audit Trail

DEFINITION 18 Path of a transaction through a data processing system from point of origin to final output, or backward from final output to point of origin TERM 19

Entity

DEFINITION 19 The item about which information is stored in a record. TERM 20

Attribute

DEFINITION 20 Characteristics of interest that need to be stored

Field

Portion of a data record that contains the data value for a particular attribute, like a cell in a spreadsheet TERM 22

Record

DEFINITION 22 Fields containing data about entity attributes; like a row in a spreadsheet TERM 23

Data Value

DEFINITION 23 Contents of a specific field, such as "Brandon" in a name field TERM 24

Master File

DEFINITION 24 Contains records of individual business transactions that occur during a specific time period TERM 25

Transaction File

DEFINITION 25 Stores cumulative information about an organization; like a ledger in a manual AIS

How can AIS add value to a company?

Reduce costs of products or services Improves quality of products and services Improves efficiency Shares knowledge Improves SCM TERM 32

Define AIS

DEFINITION 32 A system that collects, records, stores, and processes data to produce information for decision makers TERM 33

Disect the term CRUD

DEFINITION 33 C - Creating R - Reading U - Updating D - Deleting TERM 34

Define ERP

DEFINITION 34 Enterprise Resource PlanningIntegrates all aspects of an organization's activities--accounting, finance, marketing, HR, etc.