AS Applied ICT - Key Terms and Definitions 5.0 / 5 based on 2 ratings ? Applied Information & Communication TechnologyKey TermsASOCR Created by: MaddieCreated on: 18-03-14 15:21 What is the purpose of the accounts and finance system? To keep track of payments, in going and out going payments and to manage cash flow. 1 of 16 What is the General Ledger? Summarise the organisations accounts. 2 of 16 What is the Balance Sheet? Lists the assets, debts and owners' investment at a particular date. 3 of 16 What is the Income Statement? Lists the revenue, the expenditure and the net income during a particular period. 4 of 16 What is bespoke software? Software developed specifically for an organisation. 5 of 16 What are purchase orders used for? To purchase goods or services for the organisation from the suplier. 6 of 16 What does EDI stand for? Electronic Data Interchange 7 of 16 What documents linked to purchasing could be transferred using EDI? Purchase orders, Invoices, Purchase Ledgers etc. 8 of 16 What is a Purchase Ledger? A record of the purchases made and money paid out in date order. 9 of 16 A sales system records? Orders and contracts placed by customers. 10 of 16 What is the purpose of the sales ledger? Record sales made + money paid in for the goods or services sold. 11 of 16 Why does the sales system have links with the stock control system? So that items sold can be deducted from stock levels and staff have the most up to date information. 12 of 16 What does EPOS stand for? Electronic Point of Sale. 13 of 16 What does EFTPOS stand for? Electronic Funds Transfer at Point of Sale 14 of 16 Which function is responsible for personnel systems? HR 15 of 16 Confidential information such as this must be protected, what is the legislation used to do this? Data Protection Act. 16 of 16
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