Complete each sentence with the appropriate term for a component in the information system. The (qquad) receives

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Complete each sentence with the appropriate term for a component in the information system.

The \(\qquad\) receives sales order data from customers and maintains accounts receivable information.

2. The \(\qquad\) provides purchase order data to vendors. Vendors are those who supply specific products to a company. This module maintains accounts payable and inventory information.

3. The \(\qquad\) maintains data about employees, hours worked, and wage rates. It is used for preparing payroll and payroll tax information.

4. The \(\qquad\) tracks the flow of costs through the manufacturing process.

5. The \(\qquad\) identifies long-term asset costs, their expected useful lives, and where these assets are located in a company.

6. The \(\qquad\) keeps track of debt, when repayment is due, interest rates, and shareholder information. It is also used for managing a company's cash flows.

7. The \(\qquad\) provides information for use by external stakeholders, including shareholders and government regulators.

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Managerial Accounting Information For Decisions

ISBN: 9780324222432

4th Edition

Authors: Thomas L. Albright , Robert W. Ingram, John S. Hill

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