Auo 1 Study Guide Essay

12300 Words Jan 19th, 2014 50 Pages
Ashley Richardson
11/15/2013
Western Governors University

AUO1 – Auditing and Information Systems
Additional Study Questions/ Study Guide

1. Accounting Information Systems
Competency 302.1.1: Nature and Purpose
The student understands the nature and purpose of information systems.

* What is the difference between transaction processing systems, management information systems, and decision support systems?

2. Transaction processing systems - document financial activities

3. Management information systems - used to collect qualitative as well as quantitative information for decision making within organizations

4. Decision support systems - help the developers of an AIS identify what information they
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The product codes S, M, L, and XL are examples of mnemonic codes describing apparel sizes. As the name implies, a sequence code is simply a sequential set of numbers used to identify customer accounts, employee payroll checks, customer sales invoices, and so forth. Block codes are sequential codes in which specific blocks of numbers are reserved for particular uses. In a typical application, the lead digit, or two lead digits, in the sequence code acts as the block designator and subsequent digits are identifiers. AISs use block codes to create a chart of accounts (Figure 7-2). Combining two or more subcodes creates a group code, which is often used as product codes in sales catalogs. 7.
* How do accounting information software packages differ? 8.
Owners will have to consider what tasks they'll want their system to accomplish, identify what software package or packages can perform these tasks, and perhaps evaluate several different computer hardware configurations that might support these packages.
The term application software refers to computer programs that help end users such as accountants perform the tasks specific to their jobs or relevant to their personal needs. One category of application software is the personal productivity software familiar to most accountants—for example, word processing software (for creating documents and reports), spreadsheet software (for creating worksheets of rows and columns

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