Accounting Information Systems Have Five Generic Elements

question 14

Essay

Accounting information systems have five generic elements.Which one applies to each item listed below within the context of the acquisition/payment process?
a.Adequate documentation of the process
b.Check, from the viewpoint of the buyer
c.Inventory status report
d.Purchase order, from the viewpoint of the purchasing department
e.Purchase requisition, from the viewpoint of the purchasing department
f.Purchases/inventory junction file
g.Recording journal entries to purchase inventory
h.Separation of duties
i.Steps in the acquisition/payment process
j.Vendor master file

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Definitions:

Id

In psychoanalytic theory, the part of the human psyche that is the source of instinctual impulses and demands for immediate satisfaction of primitive needs.

Ego

In psychoanalytic theory, the part of the personality that mediates between the desires of the id and the constraints of the super-ego, operating on the reality principle.

Libido

A term used to describe sexual drive or desire, often discussed in the context of psychological and psychoanalytic theories.

Play Stage

The second stage in Mead’s theory of the development of self wherein children pretend to play the role of the particular or significant other.