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Study Resources (Accounting)

Objective 4 1) Integrated enterprise systems, such as SAP, are able to integrate with customer systems to share data with customers. 2) SAP software is used around the globe by large companies to integrate supply chain, operations, sales, human resources, and accounting functions. 3) SAP uses a navigation pane with tabs that correspond.
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Objective 3 1) Business intelligence technologies are typically under the control of the enterprise's IT professionals. 2) Shadow data typically includes analytics, data mining, and predictive modeling. 3) ________ is used when data is stored in spreadsheets and other tools that shadow the formal accounting system. 4) A digital dashboard, an interactive tool that.
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Nice Lawn Purchase Narrative Nice Lawn needs to purchase more copper to make lawn ornaments. Nice Lawn creates an order sends it to the copper vendor online. When Nice Lawn receives the copper shipment, the receiving department verifies the order is correct. The copper is recorded on the receiving report and.
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Objective 2 1) A well-designed integrated enterprise system offers live information that facilitates business agility. 2) Overestimating implementation costs is a leading cause of project failures. 3) Integrated systems can improve all the following EXCEPT A) Communication B) Coordination of activities C) Reduction of duplication D) Shifting to functional silos 4) One of the benefits of an integrated.
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Objective 4 1) Sustainability reports are used by investors, consumers, society, and others to evaluate a firm's performance in terms of profit, loss, and the ability to continue as a corporation. 2) The ISO 14000 Environmental Management framework provides specific levels of environmental performance for an organization. 3) The ability to tag qualitative.
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Books Ga'Lore! Cash Sales Narrative Books Ga'Lore! sells books online and at retail stores. When a customer makes a cash purchase at a retail store, an employee generates a sales receipt and gives customer the receipt and items. Books Ga'Lore! uses the following database tables: Customer, Vendor, Inventory, Invoice, Invoice Line, Undeposited.
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Objective 6 1) How data is extracted and transferred depends on the database structure. 2) The electronic tags used by XBRL permit the user to slice and dice data for multidimensional data analysis. 3) Electronic tags used by ________ permit data analysis of multidimensional data. 4) Which language is usually used to query a.
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16) Which of the following is an example of a strategic decision? A) Contracting with another enterprise to provide a customer support call center B) Using the most cost effective shipping procedure C) Purchasing a competing business D) Launching a new product 17) Tactical decisions are A) Recurring and typically relate to ongoing business operations B) Usually.
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Objective 1 1) With XBRL, each financial reporting amount is electronically tagged with a description of the data. 2) Credit rating agencies must use XBRL for reporting all ratings beginning in August 2020. 3) XML is a programming language used for Web site development that is static. 4) XBRL is a programming language that.
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Objective 2 1) IDM provides a framework to structure and organize the decision-making process. 2) As the business environment becomes more complex and diverse, more factors must be considered when making decisions. 3) The process of integrating financial and non-financial factors into the decision process can lessen the quality of the decision. 4) The.
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20) Create a flowchart for the Spice House Purchase Order narrative. 21) Create a business process map organizer for the Spice House Purchase Order narrative. 22) Create a BPMN diagram for the Spice House Purchase Order narrative. Spice House Enter Bills from Vendors Narrative Vendors send bills to Spice House.When Spice House receives a.
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Objective 4 1) Software engineers may use flowcharts during audits to map systems they are auditing. 2) Flowcharts are well suited for programming development because of the ability to chart a series of steps and decisions involved in a process that can be converted to programming code. 3) A flowchart can show.
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Objective 2 1) Sustainability is transformational business, transforming business from a focus on bottom line profit to a holistic view of the business as an integral part of a larger system. 2) For many corporations, decisions in the short run often produce extraordinary profits and the results are sustainable in the long.
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Objective 1 1) There is a class of corporation that reports on profit, people, and planet. 2) The triple bottom line measures the economic, social, and environmental results of corporate decisions. 3) Short-term results that might appear favorable for all three bottom lines might also be favorable in the long run. 4) The triple.
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Objective 5 1) Cloud computing uses remote computing facilities owned by third parties to run software applications and store files. 2) The cloud is typically accessed over an intranet. 3) With IaaS, an enterprise rents programming languages, operating systems, networks, and storage needed for deploying or developing applications. 4) With SaaS, an enterprise rents.
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21) In SAP customer payment is recorded on a deposit form which is accessed in the A) Business Partners tab B) Administration tab C) Sales tab D) Banking tab 22) In SAP Business All-in-One, the customer cockpit uses traffic light alerts to track the order status from A) Order placement, picking, and delivery B) Order placement, delivery,.
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Books Ga'Lore! Create Invoice BPMN 30) List all the data objects in the Books Ga'Lore! BPMN diagram. 31) List all the gateways in the the Books Ga'Lore! BPMN diagram. 32) List all the processes in the the Books Ga'Lore! BPMN diagram. 33) List all the data stores in the the Books Ga'Lore! BPMN diagram. 34).
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Objective 5 1) Business Intelligence Technologies are a type of advanced data analytics used to support business decision making. 2) Large data warehouses usually store data using a dimensional database structure. 3) The dimension tables in a star database are dimensions of the database, such as time dimension, product information, sales territory, and.
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11) A ________ identifies the differences between the baseline modules and the customization required to meet enterprise-specific needs. 12) The ________ approach to customization involves customizing and installing customer, vendor, employee, and remaining modules for the entire enterprise at the same time. 13) The biggest disadvantage to the ________ approach is that.
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Objective 4 1) XML is being mandated by more capital markets globally, companies are using XML to meet those requirements. Match the following terms with the appropriate definition. A) A programming language that converts unstructured data into structured data. B) A programming language used to develop static web page content. C) The process of adding.
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11) The success of a framework or model is often based upon not perfection, but ________. 12) In order to be effective, the sustainability report must provide information about the organization's sustainability performance in a relatively straightforward and understandable manner. In business, this is described as the ________. 13) The ________.
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11) ________ was developed to standardize and streamline financial and business reports. 12) XBRL provides ________ that permits data to be shared across different applications and IT platforms. 13) You can think of the XBRL tags as ________ keys for data contained in financial reports. 14) Which programming language is used.
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Objective 2 1) XBRL can only be used by banking regulators and financial analysts. 2) Beginning in 2009, the SEC mandated the use of XBRL for SEC filings for A) Selected large publicly held companies B) All privately held companies C) Selected large privately held companies D) All publicly held companies 3) The US SEC started mandating.
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11) Which cloud service level lets an enterprise rent programming languages, operating systems, networks, servers, and storage needed to deploy or develop applications? A) PaaS (Platform-as-a-Service) B) SaaS (Software-as-a-Service) C) IaaS (Infrastructure-as-a-Service) D) CaaS (Cloud-as-a-Service) 12) Which cloud service level lets an enterprise rent software applications? A) PaaS (Platform-as-a-Service) B) SaaS (Software-as-a-Service) C) IaaS (Infrastructure-as-a-Service) D) CaaS (Cloud-as-a-Service) 13) Which.
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Objective 4 1) Shadow data can exist in tools other than spreadsheets, such as user-developed databases. 2) Data storage for shadow data is kept in a centralized location in an organization. 3) Software called ________ translates data analysis query commands into commands that are compatible with RDBMS commands. 4) Businesses are turning to complex.
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15) The integrated enterprise system offers a business process management system by combining all the following EXCEPT A) Change management B) Automated workflow C) Internet technologies D) Automated business processes 16) Why does an accounting system need to be integrated throughout an enterprise? 17) What are the tiers in a silo computer system? 18) What is a.
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Objective 5 1) BPMN 2.0 was developed as an easily understandable, standardized language to communicate business processes effectively between all business users and IT professionals. 2) BPMN 2.0 uses symbols to map events, activities, and agents. 3) A data object may be a document or data record. 4) Gateways are used for forking and.
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Objective 3 1) In a three-tier architecture, the database tier and application tier are considered the front-end. 2) The firewall program is like a communication policeman monitoring traffic to and from the servers, preventing unauthorized access. 3) Typically, firewalls are not constructed between each tier of the three-tier architecture. 4) In three-tier architecture, the.
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Nice Lawn Pay Payroll Liabilities Narrative At a scheduled time, the pay payroll liabilities process for Nice Lawn automatically initiates based on the due dates of the specific payroll liability. When the process begins, the payroll liabilities are processed. A Nice Lawn account reviews the liabilities for authorization. After reviewing the.
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Objective 4 1) The banking module includes transactions that relate to the payroll cycle. 2) Payroll ________ are paid to the appropriate governmental agencies or entities. 3) The ________ module consists of transactions related to payroll. Nice Lawn Calculate Payroll Narrative Nice Lawn has an automated process for calculating payroll. On the appropriate date, the.
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11) Which of the following steps is included in the sustainability IDa model but NOT in the IDM model? A) Performance evaluation B) Qualitative analysis C) Implement decision D) A and C 12) Which type of sustainability is best defined as having a balance of cash inflows and cash outflows that can be maintained in.
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Objective 3 1) True sustainability focuses on creating long-term value. 2) Biomimicry is an innovation method that seeks sustainable solutions by emulating nature's patterns and strategies. 3) Integrating sustainability into decision making often involves innovation, looking at issues as opportunities and envisioning new sustainable solutions. 4) The ________ model provides an organizing framework for.
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Objective 1 1) Uninformed consumers drive enterprises to use their information assets in more intelligent ways. 2) Intelligence involves the ability to see meaningful interrelationships and glean insights. 3) Business intelligence cannot be used to improve decision making and business performance. 4) By using various analysis, such as data mining and predictive modeling, data.
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Spice House Receive Customer Payment BPMN 12) List the activities in the Spice House Receive Customer Payment BPMN diagram. 13) List the gateways in the Spice House Receive Customer Payment BPMN diagram. 14) List the database tables in the Spice House Receive Customer Payment BPMN diagram. 15) Create a business process map organizer for.
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Objective 5 1) Business process maps can also be used to document processes for correcting and closing entries. 2) The ________ module consists of other events and transactions that do not fall into the vendor, customer, employee, or banking modules. 3) The financial modules usually includes the following activities EXCEPT A) Make correcting entries B).
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Objective 5 1) In integrated reporting, thinking does not include considering long-term success. 2) Integrating reporting combines the financial report and sustainability performance into one report. 3) An integrated report does not show how business decisions and performance are connected. 4) An integrated report provides insights into an organization's relationship with its key stakeholders. 5).
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11) Which of the following is considered a disadvantage of shadow data? A) Spreadsheets are outside the formal data systems under IT control. B) An accounting professional can develop the spreadsheet solution when needed. C) Spreadsheets have extensive analytic features. D) Spreadsheets offer reporting features that do not require custom programming. 12) A spreadsheet identifier.
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11) Which guiding principle of integrated reporting attempts to improve transparency of reporting on key economic, social, and environmental issues? A) Connectivity of Information B) Responsiveness and Stakeholder Inclusiveness C) Strategic Focus D) Conciseness, Reliability, and Materiality 12) The two primary benefits of integrated reporting are A) Increased production and improved profit B) Increased good will and.
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Objective 1 1) Technological advances in the past 15 to 20 years make it very difficult to integrate the accounting system with other systems. 2) Silo systems were usually built on platforms (hardware and operating systems) that best fit an individual department needs. 3) The Internet permits remote sites to use a central.
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21) Which sustainability reporting framework is the cornerstone of the G3 guidelines? A) International Federation of Accountants (IFAC) Sustainability Framework B) EMAS European Union C) ISO 14000 Environmental Management D) Global Reporting Initiative (GRI) 22) In order for a model to be accepted throughout an organization and provide a common language for communicating and understanding.
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11) ________ is designed for midsize businesses wanting an integrated enterprise system. 12) ________ is designed for small and midsize businesses seeking an integrated solution that goes beyond accounting-only software. 13) SAP Business All-in-One for midsize companies uses a ________ with traffic light alerts to track the order status from order placement,.
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