Professional Documents
Culture Documents
Ais Chapter 2
Ais Chapter 2
Turnaround Document
General
Summary level data for each:
Asset, liability, equity, revenue,
and expense
Subsidiary
Detailed data for a General Ledger
(Control) Account that has
individual sub-accounts
Accounts Receivable
Accounts Payable
General
Infrequent or specialized transactions
Specialized
Repetitive transactions
E.g., sales transactions
Sequence
Digit Position Meaning
Items numbered consecutively
1–2 Product Line, size,
Block and so on
Specific range of numbers are associated with a
category 3 Color
10000–199999 = Electric Range
4–5 Year of Manufacture
Group
Positioning of digits in code provide meaning
6–7 Optional Features
Mnemonic 1241000 12 = Dishwasher
Letters and numbers
4 = White
Easy to memorize
Code derived from description of item
10 = 2010
00 = No Options
Chart of accounts
Type of block coding
Transaction
Contains records of a business
from a specific period of time
Master
Permanent records
Updated by transaction with
the transaction file
Database
Set of interrelated files
Soft copy
Displayed on a screen
Hard copy
Printed on paper
ERP modules:
Financial
Human resources and payroll
Order to cash
Purchase to pay
Manufacturing
Project management
Customer relationship management
System tools
Cost
Time-consuming to implement
Complex
Resistance to change