Accounting Information Systems Review

A set of vocabulary flashcards created from the lecture notes on Accounting Information Systems to assist in exam preparation.

Accounting Information System (AIS)

A system that transforms manual accounting procedures into automated processes to improve accuracy, availability, and reduce manual intervention.

Automated Accounting System

A technology-driven platform that processes accounting functions with less manual input, meeting large transaction volumes and report requirements.

Globalization

The process by which businesses or other organizations develop international influence or operate on an international scale.

Management Exigency Purposes

The need for timely financial reports for management decision-making, including budgeting and business planning.

Internal Control System

Mechanisms, rules, and procedures implemented to ensure the integrity of financial information, promote accountability, and prevent fraud.

User Access Level

The rights given to a user in a system to perform certain functionalities based on their role.

Data Migration

The transfer of data from manual records to a computerized system, ensuring accuracy throughout the process.

Parallel Procedures

The simultaneous running of an automated system alongside the old manual system to monitor the new system's performance.

Show Stopper

A critical issue identified during live implementation that requires the halt of the new system to prevent further damage.

Disaster Recovery File

A backup file designed to protect against data loss during system failures, ensuring recoverability.

User Acceptance Testing (UAT)

Testing conducted by users to determine if the system meets their requirements, including identifying any weaknesses.

Vanilla Version

A standard, generic version of software that is not customized for specific business needs.

Customized Version

A modified version of software that is tailored to meet specific user requirements.

Inter-office Accounting Ticket

A documented request for accounting action between different branches or departments.

Reciprocal Account

Accounts that record transactions between home office and branch offices to ensure accurate reporting.

Float Items

Transactions that remain un-responded by the responding unit, indicating potential irregularities.

Testing Environment

A controlled setup used to determine if the AIS operates correctly before live deployment.