Everyone should know this and that technology evolution SDLC This and that
100
What is Accounting?
This process provides, identifes, measures, and communicates economic information
100
What are the documents to be match prior to paying a vendor invoice?
Purchase order, receiving report, vendor invoice
100
What is a legacy system?
Home grown, developed for a particular functional area with limited interfacing with other applications.
100
What is a user need?
It all start with this.
100
What is cloud computing?
Hardware and applications are run offsite accessed through the internet.
200
What is AIS?
This type of system is designed to report information to decision makers.
200
What are adjusting entries?
Made in order to match revenue with expenses
200
What is a mainframe?
Large, massive computers used by large corporations for processing in the 1960's and 1970s.
200
What are the requirments phase?
Includes identifying user needs, outputs, database requirements, test plan
200
What is the purpose of internal controls?
S. A. F. E
300
What are source documents
These documents are the basis for system inputs.
300
What is annual depreciation?s
Purchase price less salvage value divided by useful life.
300
What is timesharing?
Paying for computer processing time based on useage was popular with mainframes and is being used with cloud computing.
300
What is parellel testing?
This implementation strategy runs the existing software application and new software application at the same time, comparing results.
300
What is write checks?
When I write a check for rent expense, I select this QB icon.
400
What is human judgement?
Although technology has automated many tasks, determining what economic activities must be entered into an AIS or calculating adjusting entries require this.
400
What is the drawing account?
This account is used to record owner withdrawal of cash from the business for personal use.
400
What is Time magazine man of the year?
The personal computer was this in 1982
400
What is cost versus benefit?
Since you "can't have everything", there is a balancing between these two things when a new system installation is evaluated.
400
What is Process payroll forms?
When I generate a form 941, reporting on payroll taxes due, I select this QB icon.
500
What is a restrictive endorsement?
For deposit only in account 12347891 is one.
500
What is the order by which financial statements are prepared?
Profit and loss, followed by statement of owner's equity and finally the balance sheet.
500
What is a personal computer?
Equipped with a microprocessor and designed to run especially commercial software (as a word processor or Internet browser) for an individual user
500
What is big bang?
Because of time constraints and Y2K concerns, the Hershey company used this implementation strategy.
500
What is Receive inventory?
When I receive inventory without a bill, I I select this QB icon.






Computerized Accounting

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