Accounting Information Systems Has Links with Other Areas of Accounting

question 45

Multiple Choice

Accounting information systems has links with other areas of accounting study, including financial accounting.Which of the following combines an example of an AIS output with information you would expect to find in the output?

• A)Income statement, net sales broken down by product line
• B)Journal entries, accounts to debit and credit
• C)Balance sheet, listing of current asset accounts with their balances
• D)All of these

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Definitions:

Required Production

The quantity of products that a company must manufacture in a specific period to meet customer demand and inventory policies.

Budgeted Production

The planned quantity of products a company intends to produce in a certain period, based on demand forecasts and capacity planning.

Raw Materials Inventory

The total cost of all components or materials a company has in stock that are intended for use in production to create finished goods.

Quarter's Production Needs

The estimated quantity of products that a company plans to produce in a specific quarter to meet customer demand.