Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
23 Cards in this Set
- Front
- Back
GL system #1
|
update general ledger
|
|
GL system #2
|
post adjusting entries
|
|
GL system #3
|
prepare financial statements
|
|
GL system #4
|
produce managerial reports
|
|
trial balance
|
report lists balances for all general ledger accounts
|
|
journal voucher
|
records journal entries made to the general ledger
|
|
responsibility accounting
|
reporting financial results based managerial responsibilites within an organzation
|
|
XBRL
|
XML for business
|
|
validity check
|
ensure general ledger accounts exist, ref by journal entry
|
|
field checks
|
ensure amt field in journal entry contains only numberic information
|
|
zero balance checks
|
verify all debits equal total credits in a journal entry
|
|
completeness test
|
ensure all data is entered, especially the source of the journal entry
|
|
closed loop verification
|
matching account # with account descriptions,
|
|
creating standard adjusting entry file
|
recurring adjusting entries, improve accuracy of the debit and credit
|
|
sign check
|
verifiy balances are of the right nature, debit or credit
|
|
calculating run to run totals
|
verify journal voucher batch processing
|
|
general journal listing
|
show details or each entry posted
|
|
audit trail
|
depicts path of a transaction through accounting system
|
|
data warehouse
|
contains both detailed and summarized data for years, used for analysis not transactions
|
|
data marts
|
smaller than data warehouse, for specific function like finance
|
|
business inteligence
|
accessing data contained in a data warehouse for strategic decision making
|
|
OLAP online analytical processing
|
using queries guided by users to investigate hypothesied relationships
|
|
data mining
|
using AI and others to discover unhypothesized relationships
|