Assignment Two

I. True or False
1. A chart of accounts provides the user with a list of general
ledger accounts.
2. An audit trail can only assist external auditors.
3. A master file is analogous to a journal in a manual system.
4. Accounts receivable generally has a sub-ledger for many
companies.
5. Data processing is comprised of four elements and can be
represented by the acronym CRUD. The R in CRUD stands for
Revise.

II. Essay Based Questions

1. Transaction data is initially entered through two alternative internal
accounting records. Identify and explain the purpose of these records of
original entry.
2. Identify the types of data processing.
3. In order to identify the information needs of a company, an information
systems specialist first identifies business activities and then key decisions
within each activity. Once the key decisions have been identified, the
specialist determines what information is needed for each decision. For the
"pay vendors" business activity determine the key decisions that need to be
made and the information needs of each decision.