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Activity I: Definition of Terms : Accounting Information System
Activity I: Definition of Terms : Accounting Information System
systems.
regulations and standards for public companies registered with the Securities
monetary terms.
5. Non-financial Transactions - are events that do not meet the narrow definition of
a financial transaction.
6. Data - are facts, which may or may not be processed (edited, summarized, or
7. Information - causes the user to take an action that he or she otherwise could not,
transaction cycle activity are processed by the GLS to update the general
ledger control accounts, while the FRS measures and reports the status of
12. Data Sources - financial transactions that enter the information system from both
internal and external sources. External financial transactions are the most
organization.
13. End Users - fall into two general groups: external and internal. External users
14. Data Collection - the first operational stage in the information system. The
objective is to ensure that event data entering the system are valid, complete,
15. Data Processing - Once collected, data usually require processing to produce
16. Database - The organization’s database is its physical repository for financial and
nonfinancial data.
17. Data Attribute - the most elemental piece of potentially useful data in the
18. Record - a complete set of attributes for a single occurrence within an entity class. Every
19. Files - a complete set of records of an identical class. Files are constructed for
and deletion.
Storage task assigns keys to new records and stores them in their
screen.
22. Feedback - a form of output that is sent back to the system as a source of data.
23. System Development Life Cycle - formal process by which larger organizations
is are accomplished.
24.