Presented Below Is a List of Terms Relating to Accounting

question 103

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.Key verification
________ 2.Real-time
________ 3.On-line,real time computing
________ 4.Input document control form
________ 5.Tagging
________ 6.Program data editing
________ 7.Valid code check
________ 8.Transaction processing system
________ 9.Table lookup
________ 10.POS system
A.A table-lookup procedure in which the table file consists of valid data codes
B.A system that processes input data immediately after they are input and can provide immediate output to users
C.Technology that enhances the traditional cash register to allow it to function as a source data-entry device for sales transactions
D.A computer environment where immediate or fast-response processing occurs
E.Audit-oriented information that is included with original transaction data when they are recorded.
F.A control procedure to ensure the accuracy of the key-transcribed input data
G.Documents batch control totals for batches of input data transmitted between user departments and the data processing department
H.A software technique used to screen data prior to computer processing
I.An edit program that compares the value of a field to the acceptable values contained in a table file
J.A system that collects and processes transactions and provides immediate output concerning processing

---

Definitions:

Risk of Loss

The potential that an asset or investment will decrease in value or become worthless, also refers to the responsibility for damage or loss of goods in commerce.

Conformed

The action of making one thing compatible with another, often referring to the modification of documents to match certain standards or requirements.

Common Law

A body of law based on judicial decisions and precedents, rather than statutes, applicable in jurisdictions that follow the English legal tradition.

Technical Title

The formal ownership of property, often documented and recognized by law, regardless of the actual use or possession.