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Objectives

- Understand the broad objectives of transaction cycles.

- Recognize the types of transactions processed by each of the three transaction cycles

- Know the basic accounting records used in TPS.

- Understand the relationship between the traditional accounting records and their magnetic equivalents.

- Be familiar with documentation techniques.

- Understand the differences between batch and real-time processing and the impact of these technologies on transaction processing.

- Be familiar with data coding schemes used in AIS.