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Chapter 7: AIS "Buzz Words"

Across
accumulates information for a period of time and then processes all the data at one time (daily, weekly, or monthly); periodic updating of databases
uses applications via the Web instead of installing them on a computer
to add a column of numbers
listing of individual accounts with common characteristics
the number of days between end of reporting period and release of financial statements
a business metric used to evaluate factors that are crucial to the success of an organization
Actions taken in one part of the system automatically affect related parts. For instance, when a credit sale is entered, several parts of the system are automatically updated
Familiar accounting programs such as Peachtree® and QuickBooks® are designed to be user friendly and menu driven
The balance of the Accounts Receivable controlling account in the general ledger should equal the accounts in the accounts receivable subsidiary ledger.
enters and processes data immediately; more timely data
Providing timely data for making quick, informed decisions
Down
system composed of people and computers that process or interpret information
contains detail of cash collected from credit sales, cash sales and other sources
contains the controlling accounts which should equal the sum of subsidiary account balances
Programs that manage and integrate a company’s vital operations
the practice of examining large databases in order to generate new information; the goal is the extraction of patterns and knowledge from large amounts of data
output device, providing real time information to leadership for use in decision making