ACCT 312 â Accounting Information Systems
Exam One (Ch. 1-3) Review Sheet:
The exam will consist of 25 multiple choice questions at 2points each.
Chapter One:
Know the difference between data versus information.
Know the seven characteristics that make information useful andmeaningful. (Problem 1.4)
Be able to recognize the specific business processes that appearin the five business cycles. (Problem 1.8)
Know the six components of an AIS and the three importantbusiness functions they serve.
Know the relation between IT and business strategy.
Know the definition of a value chain and supply chain.
Chapter Two:
Know the four major steps in the data processing cycle.
Know which type of special journal would be used for a varietyof business transactions: the sales journal, cash receipts journal,purchases journal, cash payments journal and general journal.
Know the purpose of the two types of subsidiary ledgers.
Understand the basics of how coding (e.g., account numbers)works.
Understand the difference between online or offline data entryand batch or real-time processing.
Know the difference between master files and transaction files.(Problem 2.8)
Understand the basic components of an ERP and its advantages anddisadvantages.
Chapter Three:
Be able to read and understand the symbols used in data flowdiagrams (DFDs â context and level 0), BPD, and documentflowcharts.
Know why it is so very important for accountants to be able toread and/or prepare flowcharts.
You will not have to prepare a DFD, BPD, or documentflowchart.
ACCT 312 â Accounting Information Systems
Exam One (Ch. 1-3) Review Sheet:
The exam will consist of 25 multiple choice questions at 2points each.
Chapter One:
Know the difference between data versus information.
Know the seven characteristics that make information useful andmeaningful. (Problem 1.4)
Be able to recognize the specific business processes that appearin the five business cycles. (Problem 1.8)
Know the six components of an AIS and the three importantbusiness functions they serve.
Know the relation between IT and business strategy.
Know the definition of a value chain and supply chain.
Chapter Two:
Know the four major steps in the data processing cycle.
Know which type of special journal would be used for a varietyof business transactions: the sales journal, cash receipts journal,purchases journal, cash payments journal and general journal.
Know the purpose of the two types of subsidiary ledgers.
Understand the basics of how coding (e.g., account numbers)works.
Understand the difference between online or offline data entryand batch or real-time processing.
Know the difference between master files and transaction files.(Problem 2.8)
Understand the basic components of an ERP and its advantages anddisadvantages.
Chapter Three:
Be able to read and understand the symbols used in data flowdiagrams (DFDs â context and level 0), BPD, and documentflowcharts.
Know why it is so very important for accountants to be able toread and/or prepare flowcharts.
You will not have to prepare a DFD, BPD, or documentflowchart.
