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Sales Process
Accounting Basics
Resource Management Process
Chapter 11
Information Technology
100
Collecting payment for goods and services.
What is an objective of the sales process?
100
Sales Journal, Purchases Journal, Cash Receipts Journal, Cash Payments Journal.
What are some of the primary special journals?
100
Fixed asset resources and human resources.
What are the two resources managed by the Resource Management Process?
100
To decrease machine downtime, to reduce inventory, to integrate data and coordinate logistics.
What are reasons companies use BPM solutions for the fixed asset function?
100
Because accountants often help clients make IT decisions, and because auditors evaluate computerized systems.
What are reasons IT knowledge is important to accountants?
200
A document that shows: Sold To, Ship To, Quantity, Item, Price among other things.
What is an invoice?
200
A report that lists each account and the balance of that account.
What is a trial balance?
200
To manage the purchase, management, valuation, and disposal.
What is the objective of the Fixed Asset Management function?
200
Automated system that helps to minimize inventory costs?
What is Just In Time (JIT)?
200
POS, MICR, OCR
What are acronyms for input devices?
300
Aging report, bad debt report, customer listing, sales analysis report.
What are outputs of the sales process?
300
Provides organizational structure for the general ledger.
What does the the chart of accounts do?
300
Hiring, training, and reporting on payroll deductions.
What are activities common to the HR Management function?
300
Most commonly used POS technology.
What is a bar code scanner?
300
RAM.
What is an example of primary memory?
400
Financial Statement Information.
What is a report that is common to both the sales process and purchasing process?
400
Codes that group numbers for a particular use.
What are block codes?
400
Paychecks, check registers, deduction reports and payroll summaries.
What are outputs of the HR Management Process?
400
Commitment to eliminate waste throughout the manufacturing process, eliminate non-value-added activities, improve customer value.
What are concepts of lean manufacturing?
400
FORTAN, COBOL, and RPG.
What are examples of programming languages?
500
Software to gather , maintain and use customer data.
What is Customer Relationship Management software?
500
Over time, across departmental levels, and with general accounting practice.
What are the three ways that AIS reports should be consistent?
500
Automation of the management of a broad spectrum of assets.
What is an Enterprise Asset Management (EAM) system?
500
New performance measures that support decision-making by managers and operational improvement leaders.
What is lean accounting.
500
Enables businesses to identify pallets and even individual items without unpacking them from shipping crates.
What is RFID Radio Frequency Identification?