Presented Below Is a List of Terms Relating to Accounting

question 128

Short Answer

Presented below is a list of terms relating to accounting information systems,followed by definitions of those terms.
Required: Match the letter next to each definition with the appropriate term.Each answer will be used only once.
________ 1.Chief Information Officer
________ 2.Treasurer
________ 3.Transaction processing cycle
________ 4.Technical support function
________ 5.Computer-integrated manufacturing
________ 6.End user
________ 7.Controller
________ 8.Expert system
________ 9.Systems analysis
________ 10.Segregation of duties
A.A common division or section within the information systems department
B.The individual who supervises accounting functions
C.An example of an internal control
D.Individual who has overall responsibility for the information system function
E.The first step in the systems development approach
F.The department which has supervision over cash and credit activities
G.A type of information system which requires an inference engine to make a decision for the user
H.One or more applications systems consisting of logically related transactions
I.An integrated approach to the use of information technology in manufacturing systems
J.A department or section of an organization that uses the organization's computer data processing other than the information systems department

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Definitions:

Rent Expense

The cost incurred by a business for leasing a property or equipment for operational purposes.

Income Summary

An account used in the closing process that summarizes the results of all revenue and expense accounts.

Capital

The wealth, whether in money or other assets, owned or employed in business by an individual, firm, or corporation.

Withdrawal Account

An account from which funds can be withdrawn by the account holder; in the context of business partnerships, it refers to an account used by an owner or partner to draw funds from the business.