ACG 4101 Lecture Notes - Lecture 7: Transaction Processing System, General Ledger, Financial Transaction
Document Summary
An event that affects or is of interest to the organization and is processed by its information system as a unit of work financial transaction. An economic event that affects the assets and equities of the organization, is reflected in its accounts, and is measured in monetary units nonfinancial transactions. Events that do not meet the narrow definition of a financial transaction. These subsystems process financial transactions and non financial transactions that directly affect the processing of financial transactions changes to customers" names and addresses are processed by the ais to keep the customer file current. What kind of transactions do ais subsystems process? transaction processing system (tps) Which ais subsystem supports daily business operations with numerous reports, documents, and messages for users throughout the organization? general ledger/financial reporting system (gl/frs) Which ais subsystem produces the traditional financial statements, such as the income statement, balance sheet, statement of cash flows, and tax returns management reporting system (mrs)
