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(Ais) Report - Chap4 PDF
(Ais) Report - Chap4 PDF
Chapter
7-1
GERALD V. JADER
Chapter
7-2
JOURNALS
Chronological record of business events by account
General Journal
Special Journals
GERALD V. JADER
Chapter
7-3
Purchases Journal
GERALD V. JADER
Chapter
7-4
LEDGERS
General Ledger
Chart of Accounts
GERALD V. JADER
Chapter
7-5
TRIAL BALANCES
Listing of all accounts with the debit and credit balances
Timing of Preparation
After all journal entries are posted
Following the posting of adjusting entries
Following the posting of closing entries
GERALD V. JADER
Chapter
7-6
FINANCIAL STATEMENTS
Primary output of financial accounting system
Main Financial Statements
Income Statement
Balance Sheet
Statement of Owners Equity
Statement of Cash Flows
GERALD V. JADER
Chapter
7-7
GERALD V. JADER
Chapter
7-8
CODING SYSTEMS
Importance of Coding for AISs
Design Considerations
GERALD V. JADER
Chapter
7-9
TYPES OF CODES
Mnemonic Codes
Sequence Codes
Block Codes
Sequential codes
Blocks of numbers reserved for specific
Group Codes
GERALD V. JADER
Chapter
7-10
GERALD V. JADER
Chapter
7-11
Should be effective
Expectations of outputs
Outputs of an AIS
Reports to management
Reports to investors and creditors
Files retaining transaction data
Files retaining current data about accounts
GERALD V. JADER
Chapter
7-12
DESIGNING REPORTS
Characteristics of Good Reports
Useful and convenient format
Easy to identify and consistent
Chapter
7-13
SOURCE DOCUMENTS
Manage flow of accounting data
Usage today
Extensively used in AISs
Movement from paper to electronic format
GERALD V. JADER
Chapter
7-14
GERALD V. JADER
Chapter
7-15
GERALD V. JADER
Chapter
7-16
BUSINESS PROCESS
Definition
Collection of activities
Creates value for organization
AIS collects and reports data related to processes
Economic event
Impacts financial statements
Business event
Does not impact financial statements
GERALD V. JADER
Chapter
7-17
GERALD V. JADER
Chapter
7-18
GERALD V. JADER
Chapter
7-19
GERALD V. JADER
Chapter
7-20
Sales Invoice
Reflects information of the sale
Products purchased, price, terms of payment
Remittance Advice
May accompany payment
GERALD V. JADER
Chapter
7-21
Debit/Credit Memoranda
Denotes return of damaged goods
Identifies discrepancies about amount owed
GERALD V. JADER
Chapter
7-22
Aging Report
Accounts receivable balances
Categorized based on time outstanding
GERALD V. JADER
Chapter
7-23
GERALD V. JADER
Chapter
7-24
GERALD V. JADER
Chapter
7-25
GERALD V. JADER
Chapter
7-26
GERALD V. JADER
Chapter
7-27
GERALD V. JADER
Chapter
7-28
GERALD V. JADER
Chapter
7-29
Purchase Order
Based on Purchase Requisition
Includes vendor information
Vendor Invoice
Includes prices, shipping terms, and discounts
GERALD V. JADER
Chapter
7-30
Bill of Lading
Accompanies the good sent
Carrier assumes responsibility for the goods
Packing Slip
Specific goods and quantities included in
shipment
Included in merchandise package
GERALD V. JADER
Chapter
7-31
Vendor Checks
Supported by a voucher
Signed by a person designated by
management
Check Register
GERALD V. JADER
Chapter
7-32
GERALD V. JADER
Chapter
7-33
GERALD V. JADER
Chapter
7-34
Wireless capabilities
GERALD V. JADER
Chapter
7-35
GERALD V. JADER
Chapter
7-36
BPO EXAMPLES
GERALD V. JADER
Chapter
7-37