This has had an impact on our society similar to the impact of the Industrial Revolution.
What is Information Technology?
100
AICPA
What is the American Institute of Certified Public Accountants?
100
A = L + OE
What is the accounting equation?
100
This is used to enter data into an electronic system.
What is an Input Device?
100
An enjoyable place to spend three hours on a Thursday evening in September.
What is walking by the beach in a warm climate location like Hawaii OR attending or watching an NFL preseason football game. (Also accepted - attending Financial Fraud Detection Class at Fox Valley Technical College)?
200
A discipline that processes a company’s business transactions efficiently to produce financial statements mainly for external users.
What is Financial Accounting?
200
ERP
What is Enterprise Resource Planning.
200
Debit
What is the left side of a T-account or ledger? Or, What is the increase side for assets and the decrease side for liabilities and equity?
200
Examples may include a hard drive or a flash memory stick.
What is an Electronic Storage Device?
200
Computer programs that help end users such as accountants perform the tasks specific to their jobs or relevant to their personal needs.
What is application software?
300
The time period from the transactions through to production of financial statements and closing of the accounts; transactions are often grouped making them easier to find and analyze.
What is an Accounting Period?
300
CISA
What is a Certified Information Systems Auditor?
300
The period when accounting procedures are completed: a period in which a company completes all the procedures that ensure that its accounting records are in order.
What is the accounting cycle?
300
This sensitizes a print drum with a magnetic field for each character to which the toner attaches.
What is a Laser Printer?
300
This allows a user to use files and applications over the Internet.
What is Cloud Computing?
400
This is the selling of products and services over the Internet.
What is Electronic Commerce?
400
FASB
What is the Financial Accounting Standards Board?
400
Also known as ABC.
What is Activity-based costing?
400
An electronic storage unit that is historically important, but is rarely used today.
What is Floppy Disk?
400
This is a fast buffer memory that facilitates data transfer between primary memory and the microprocessor.
What is cache memory?
500
This is a set of interrelated subsystems that work together to collect, process, store, transform, and distribute information for planning, decision making, and control.
What is an Information System?
500
HIPAA
What is Health Insurance Portability and Accountability Act?
500
The method of accounting that focuses on tax issues; this includes all activities related to filing tax returns and planning for future tax obligations.
What is Tax Accounting?
500
A set of professional service areas built around a set of common principles and criteria related to the risks and opportunities presented by IT environments.
What is CPA Trust Services?
500
These are the two major types of computer software.
What are operating systems and application software?