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ACC 444 1st Exam

TermDefinition
Revenue Cycle Give goods or services; get cash
expenditure cycle give cash; get goods or services
HR/payroll cycle give cash; get labor
production cycle give labor and raw materials; get finished goods
financing cycle give cash; get cash
Transaction Data Events;special journals; THEY CHANGE
Master File Data Does not Change;Agent;Resources;Items in inventory
Incompatible duty list Authorization, Recording, Custody
SarbanesOxley Act applies to: Publicly held companies and Auditors ofpublicly heldcompanies
Created by: 506570171
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