The chief accounting officer of a medium-sized or large business enterprise.Select one:O a. Auditorb. ControllerO c. BookkeeperO d. Treasurer Which of the following is not a part of the functions of the accounting system?Select one:O a. Reporting the results of operations during a reporting periodO b. Classifying and summarizing the effects of the transactions on the accountingelementsO c. Analyzing and recording the business transactions of the enterprise.O d. Preparing financial statements that are favorable to the data-users.

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Description: The chief accounting officer of a medium-sized or large business enterprise.Select one:O a. Auditorb. ControllerO c. BookkeeperO d. Treasurer Which of the following is not a part of the functions of the accounting system?Select one:O a. Reporting th

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Business

Accounting

The chief accounting officer of a medium-sized or large business enterprise. Select one: O a. Auditor O b. Controller Ос. Вookkeeper O d. Treasurer

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 5Q: Which area of accounting needs a computerized accounting information system the mostâ€”payroll, tax,...

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Which area of accounting needs a computerized accounting information system the mostâ€”payroll, tax, or preparing financial statements?
CHARACTERISTICS OF USEFUL INFORMATION All records in a file must be uniquely identifiable in at least one attribute, which is its primary key.Drawing on your general knowledge of accounting,identify the primary key for the following types ofaccounting records. To illustrate, the first record isdone for you.
Which of the following is not a function of an Accounting information system? Select one: a. The supply of information useful for making decisions. b. The efficient and effective collection and storage of data concerning an organizations financial activities. c.The determining and evaluating of alternative courses of action d. The implementation of controls to accurately record and process data
Which of the following is not a function of an Accounting Information System? a.The efficient and effective collection and storage of data concerning an organization’s financial activities b.The supply of information useful for making decisions c.The determining and evaluating of alternative courses of action d.The implementation of controls to accurately record and process data.
Which of the following is not a component of an accounting system? the input source documents the output reports the framework for operation of the system All of these answer choices are components of an accounting system.
The outputs of a computerized accounting information system are called a. reports. b. software. c. processing. d. purchase invoices.
Which of the following is NOT a purpose of the Transaction Processing System?a. managing and reporting on the status of financial investmentsb. converting economic events into financial transactionsc. distributing essential information to operations personnel to support their daily operationsd. recording financial transactions in the accounting records
Which of the following statements is the best definition of an accounting information system? A. A framework that uses computers to produces financial statements B. A framework that coordinates resources (components) needed to convert information into data in order to achieve objectives C. The management information system that generates various reports for management decisions D. A framework that coordinates resources (components) needed to convert data into information for decision making
The following are subsystems of the Accounting Information System, EXCEPTa. Transaction Processing System.b. Human Resources System.c. General Ledger/Financial Reporting System.d. Management Reporting System.
Which of the following is a feature of the transaction file? Conceptually similar to the ledger in a manual accounting systems. Records are frequently updated to reflect the effect of specific events across fiscal periods. Containing records for individual business events that occur during a specific fiscal period. Storing cumulative information about organization's resources and agents.
What are the fundamental concepts of Accounting Information Systems (AIS)?What are the main stages in the creation of an accounting system?
Describe a company's accounting system. Why is this function significant and what does it do? What data does it deliver?