Professional Documents
Culture Documents
EK4212 Chap7
EK4212 Chap7
PowerPoint Authors:
Susan Coomer Galbreath, Ph.D., CPA
Charles W. Caldwell, D.B.A., CMA
Jon A. Booker, Ph.D., CPA, CIA
Cynthia J. Rooney, Ph.D., CPA
Winston Kwok, Ph.D., CPA
McGraw-Hill/Irwin Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.
7-2
C1
C1
•Keyboards •Hardware
•Scanners •Software
•Modems •Professional Judgment
•Bar-Code Reader
7-4
C1
•CD/DVD
•Hard Drive
•Tape
•Paper Document
7-5
C2
C3
Subsidiary Ledgers
Controlling
Characteristic Subsidiary Ledger
Account
C3
After
After all
all items
items are
are posted,
posted, the
the balance
balance in
in the
the accounts
accounts receivable
receivable controlling
controlling account
account is
is
equal
equal to to the
the sum
sum of
of the
the balances
balances in
in the
the accounts
accounts receivable
receivable subsidiary
subsidiary ledger.
ledger.
7-8
P1
Sales Journal
7-9
P2
A schedule of
accounts receivable
lists each customer
and the balance
owed.
P1
Sales Taxes
P1
P1
P1
P1
7 - 15
P2
A schedule of
accounts payable
lists each supplier
and the balance
owed to them.
P1
7 - 17
P1
Batchprocessing accumulates
information for a period of time
and then processes all the data
at one time (daily, weekly, or
monthly).
7 - 20
Server
Work Stations
Enterprise Resource
Planning Software (ERP)
Programs
Programs that
that manage
manage and and integrate
integrate aa
company
company’’ss vital
vital operations.
operations.
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A1
A segment is a part of a
company that is
separately identified by its
products, services, or
geographic market.
*Total exceeds 100% because companies can report
more than one segment.
7 - 23
A1
END OF CHAPTER 7