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Transaction Processing System and its Cycles - Accounting Information System Chapter 2


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Join our Telegram Group for Fast updates and VU Short Lectures https://t.me/joinchat/TFLF2vbjfq5qs4Ww Today we will starts accounting information systems chapter number 2. Tu transaction processing systems and its cycles. In first chapter we started with basic definition of accounting information system and elaborated the concepts of what is system what is information system and then what are particularly accounting information system. We discuss the sub system of accounting information systems and general framework of accounting information system with the ending discussion evolution of accounting information system. #Accounting #information #system #TPS
TPS Chapter 2
One of the most fundamental and important subsystem of AIS. As we define it in the our previous lecture when we discussed framework of AIS. This system(TPS) is responsible for converting financial events into . transactions. Recording of Transaction in Journals and vouchers and distributing necessary information for daily operations.
Subsystem of TPS or Cycles of TPS
the revenue cycle
the expenditure Cycle
the conversion cycle
All of these cycles support different objectives


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