Lance, Jenessa C.

I. TRUE OR FALSE

a. False
b. True
c. False
d. True
e. True
f. True
g. True
h. True
i. True
j. True

II. ESSAY
a. Briefly discuss AIS vs. MANUAL
- Accounting Information System helps every employee or workers to do their task very easy.
Like for example, accounting department don’t need to put each data manually, because AIS
is easy to collect, store, manage and process its own data that you input in your computer.
Also AIS is easily tracked all accounting and business activity for a company. Unlike in
manual, it gives an employee a very hard situation to input a data, for example in inventory
of an item, without AIS employee need to count each item in manual situation, it gives the
workers a waste of time with their job.

b. Briefly discuss the five major cycle

 The revenue cycle - involves activities of selling goods or services and collecting
payment for those sales.
 The expenditure cycle - involves activities of buying and paying for goods or services
used by the organization.
 The human resources/payroll cycle - involves activities of hiring and paying employees.
 The production cycle - involves activities converting raw materials and labor into
finished goods.
 The financing cycle - involves activities of obtaining necessary funds to run the
organization, repay creditors, and distribute profits to investors.

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 c. Briefly discuss the objective of an enterprise resource planning system software
 To ensure full security by introducing adequate controls, checks and balances and also
by maintaining audit trails.
 To minimize data redundancy by eliminating duplicate entries.
 To enable the organizations to provide its customers a more value added service.
 To create a flexible system so that future needs and changes in the business flow can be
easily incorporated
d. Discuss the importance of adequate documentation
- Documentation help ensure consent and expectations. It helps to tell the narrative for
decisions made, and how yourself or the client responded to different situations. In this
same manor, it is important to record information that can help support the proper
treatment plan and the reasoning for such services.

e. Briefly discuss what is a transaction.

- A transaction is an agreement between two entities to exchange goods or services; or any
other event that can be measured in economic terms by an organization.

f. Discuss the advantages and disadvantages of ERP software.

Advantages
 Security and control features
 Allows instant communication with all subsystems of an organization.
Disadvantages
 Customization of the ERP software is limited.
 Once a system is established, switching costs are very high
 Resistance in sharing sensitive internal information between departments can
reduce the effectiveness of the software.
 ERP Systems centralize the data in one place, example customer , financial data. This
can increase the risk of loss of sensitive info, if there is any security breach.

g. Discuss the risk in AIS.

 Improperly prepared journal entries
 Unposted journal entries
 Debits not equal to credits
 Subsidiary not equal to general ledger control accounts
 Inappropriate access to the general ledger
 Poor audit trail
 Lost or damaged data
 Account balances that are wrong because of unauthorized or incorrect journal
vouchers.

III. FLOWCHART

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 a. Draw a flowchart to find the sum of first 100 natural numbers.

START

SUM = 0
N=0

N= N + 1
SUM A
= SUM + N

A
YES

IS N=
100?
YES

PRINT
SUM

END

b. Draw a flowchart to find the largest of three numbers x, y, and z.

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START
 READ X, Y,
Z

Y> X> X>

YES NO YES YES
Z Y Z

PRINT NO PRINT
PRINT
Y X
Z

END

c. Draw a flowchart for the problem of determining prime number.

START
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 READ N

K=√N

I=2; FLAG=1

R=remainder of (N/I)

IS
FLAG=0

I=I+1

A
IS I<=K

A
IS FLAG=
Print Not
Print Prime
Prime

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 d. Draw a flowchart which generates first 50 items of Fibonacci.

START

Declare variables fterm,

sterm and temp

fterm←0, sterm←1

False
Is sterm ≤ 50?

True

Display sterm

temp←sterm

sterm←sterm+fterm

fterm←temp STOP

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 e. Draw a flowchart how to login to Facebook.

START

Enter www.
facebook.com

Facebook Homepage

Enter Email ID and

Password Login Error

NO
Is Email ID and
Display Password Correct?
Account YES

STOP

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 IV. IDENTIFICATION

a. Transaction
b. Revenue Cycle
c. HR’s / Payroll Cycle
d. Data Input
e. Ledger
f. Subsidiary ledger
g. Coding / Coding Techniques
h. Journal Entry
i. Batch processing
j. Budget
k. Performance report
l. Segregation of Duties
m. Enterprise Resource Planning / ERP
n. Managerial report
o. Chart of account

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