Professional Documents
Culture Documents
Information
Systems
9th Edition
Marshall B. Romney
Paul John Steinbart
Chapter 2
This chapter:
Describes how data about business
activity is collected, processed and
transformed into useful information for
management
Then, it will introduce the concept of
internal controls
Production Revenue
Cycle Cycle
TOTAL: 2,400.00
120/502
General Ledger
Account: Accounts Receivable Account Number: 120
Date Description Post Ref. Debit Credit Balance
Dec 1 Sales SJ5 2,400 2,400
What is a budget?
A budget is the formal expression of
goals in financial terms.
One of the most common types of
budget is a cash budget.