Chapter 2 - Transaction processing in the AIS. After studying this chapter you will be able to: Differentiate accounting and bookkeeping; list, discuss and complete, in order, the steps in the accounting cycle; identify common internal controls associated with the accounting cycle; describe common coding systems and how they are used in the AIS; explain how human judgment and information technology affect the accounting cycle. | Lecture Accounting information systems Basic concepts and current issues 3rd edition Chapter 2 - Robert L. Hurt