Concept Map 1

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Using Mindomo for Problem Solving

Thomas Teepeにより

Chapter 1 Financial Statements

Alain Garridoにより

CH2 Transaction Processing in the AIS

Andrew Sykesにより

CHAPTER 5 controlling

Rafiq Kamaruddinにより

Accounting Cycle and AIS

A final over arching theme to the accounting cycle and AIS is that although a well designed AIS can make many things in accounting easier there is still much need for human judgment.

Coding Systems

Coding systems relate to the accounting cycle by applying codes to types of accounts for effeciency, consistency, time, and storage

Subtopic

Financial Statements

These relate to AIS as the outputs

Statement of Changes in shareholders Equity

Statement of Cash Flows

Balance Sheet

Income Statment

Adjusting Entries

Adjusting Entries will always involved one income statement account and one balance sheet account. The most common types of adjusting entries are posted to the right

Depreciation

Uncollectible acounts

Prepaid expense

Deffered Revenues

Accured Expense

Accured Revenues

Transactions Analysis

Transactions Analysis is the process for having the transaction recorded in the AIS, it includes 5 steps

Accounting Transactions

Accounting transactions are the inputs into the AIS

Internal and External Transactions

Internal Controls are needed to see over all types of transactions

Transactions have source documents and internal controls are needed to track these items