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Study Resources (Accounting)

Objective 3 1) When a new accounting system is developed, companies rarely streamline business processes to improve effectiveness. 2) A ________ diagrams step-by-step the activities performed in a process. 3) ________ do not always provide the level of detail that IT professionals need to develop accounting systems. 4) ________ provides a mapping standard.
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Use the database tables below to answer the following questions. 34) Which field in the TimeSheet table is a foreign key? A) Time Sheet ID B) Total Hours C) Week Ending D) Employee ID 35) Which table's primary key has a composite primary key? A) Projects B) TimeSheet C) TS Line D) Employees 36) Which of the relationships below is a.
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Match the following cycles with their corresponding accounting system module. A) Customers Module B) Vendors Module C) Banking Module D) Financial Module E) Employees Module 14) Payroll Cycle 15) Sales Cycle 16) Financial Cycle 17) Purchasing Cycle 18) When looking at an accounting system using the aerial view, you see A) Detailed information recorded in the accounting system B) Information available on.
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Objective 1 1) Since a baseline accounting system is already developed, the time line for developing a system can be accelerated. 2) Some of the benefits of using an off-the-shelf accounting system are lower cost, tighter security, and scalability. 3) When adapting an organization's business practices to meet a baseline system's process.
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71) A(n) international information systems ________ consists of the basic information systems required by organizations to coordinate worldwide trade and other activities. 72) The global ________ created by television, the Internet, and other globally shared media permits different peoples around the world to develop common expectations and values. 73) A(n) ________ is.
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Objective 4 1) Queries may be used with database forms to update data in the database. 2) Query builder tools make it possible to build queries using programming code. 3) Query builder tools may be referred to as query-by-example. 4) The ability to understand SQL programming may be needed to successfully conduct an IT.
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11) In a duplicated systems building strategy, each foreign unit designs its own solutions and systems. 12) To avoid the cost and uncertainty of moving information across national boundaries, most multinational firms have developed information systems within each European country. 13) With the growth of the Internet and reliable phone networks, skilled.
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61) Which of the following is not one of the main benefits to implementing global systems? A) superior management and coordination B) vast improvements in operation C) new economies of scale at production facilities D) reduced hardware costs 62) When developing a global system, bringing the opposition of local groups into the process of designing.
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Objective 1 1) Accounting systems usually use a GUI to increase the ease of entering and retrieving accounting data. 2) The accounting interface connects the accountant user to the database behind the screen. 3) The user interface does not need to provide way for the user to query the database. 4) Software interfaces today.
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Use the database table below to answer the following questions. 14) You are an accountant at a small company and you are reviewing the vendor database table. Identify the database anomalies shown and explain how they impact this database. 15) What suggestions would you give the database designer? How should the database.
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Objective 3 1) Database fields are pieces of information about event, people, and objects. 2) To retrieve data stored in a relational database, each record must have one or more unique identifier. 3) What IT professionals call people or things, accounting professionals call objects. 4) A database table that stores data about items a.
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Objective 2 1) Data stored in a data warehouse is used for routine business activities. 2) The ________ is responsible for managing the enterprise's databases. 3) Data stored in a ________ may be current data, historical data, or future estimates. 4) In a ________ database structure, a parent record can have many child records.
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11) Which of the following is NOT a tier in the accounting system architecture? A) Report tier B) Database tier C) User tier D) Application tier 12) Which tier in the accounting system architecture that consists of onscreen forms? A) User tier B) Application tier C) Database tier D) Accounting tier 13) When using an accounting database system, such as.
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31) Most large companies with overseas operations have inherited A) recently built technology platforms for international systems. B) batch-oriented reporting from independent foreign divisions to corporate headquarters. C) transaction-oriented reporting based at the home office for overseas business. D) global marketing systems developed domestically. 32) In terms of global business strategy and structure, a domestic.
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11) Which report is an internal management report? A) Contribution Margin Income Statement B) Balance sheet C) State income tax report D) Statement of Cash Flows 12) Which reports are external reports given to outside parties? A) Financial accounting reports and management reports B) Tax reports and management reports C) Regulatory reports and tax reports D) Management reports and.
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11) Queries may be used with ________ to update data in the database. A) navigation B) forms C) reports D) tables 12) Queries are questions you ask about A) Information in a report B) Data provided in the search results C) Data stored in a database D) None of the above 13) For relational databases, queries are usually written.
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Match the database table to the appropriate transaction cycle. A) Banking Cycle B) Sales Cycle C) Purchasing Cycle D) Financial Cycle E) Payroll Cycle 11) General Ledger 12) Account Transactions 13) Time Worked 14) Employee 15) Purchase Order 16) Cash Receipts 17) Customer 18) Database ________ store pieces of information about people, events, and objects. 19) Database ________ are used to search the database.
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21) An intersection table's primary key is a(n) ________. 22) Generally, the relationship between a table that stores customer data and table that stores sales order data is ________. 23) Generally, the relationship between a table that stores sales order data and a table that stores inventory data is ________. 24) Database fields.
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Objective 3 1) The Vendors Module of a baseline accounting system relates to the sales cycle. 2) The Customer Module of a baseline accounting system includes creating purchase orders. 3) The Banking Module of a baseline accounting system includes bill paying transactions. 4) Accounting software often includes a navigation screen that represents the major.
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15) An event typically NOT associated with the financial module of a baseline accounting system is A) Closing entries B) Adjusting entries C) Record deposits D) Correcting entries 16) What are the transactions typically associated with vendors? Please define each transaction. 17) What are the transactions typically associated with customers? Please define each transaction. 18) What are.
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Objective 4 1) Processes are related activities or events that create value. 2) An IT audit includes auditing the System Development Life Cycle (SDLC). 3) What are the three key factors to consider for a successful accounting system? A) People, budget, and time B) Time, processes, and technology C) People, processes, and technology D) Processes, budget, and.
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11) What does the accounting interface connect the user to? A) Database management system B) Database query C) Database D) Database reports 12) Virtually all accounting software uses databases to A) Store accounting data B) View database forms C) Navigate the accounting system D) Run database queries 13) Which of the following is NOT a component of the.
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58) How can data in an accounting information system improve decision making? Provide examples of these decisions. 59) What is the difference between data, information, and business intelligence? 60) What are the three vital functions an accounting system servers? Please define each. 61) What are the advantages and disadvantages of using a shadow.
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Objective 2 1) Database forms allow a user to record accounting transactions that are the result of various business processes. 2) Data validation tools ensure data is entered multiple times. 3) Database forms do not need security to limit data access or data entry. 4) Database forms are often designed to automatically complete portions.
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53) What are the three database essentials an accounting professional needs to know? Define and provide an example of each. 54) What are Database Forms, Database Queries, and Database Reports? Please provide an example of each. 55) What is the purpose of a primary key? What would happen if a relational database.
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Objective 2 1) The vendors module in the baseline accounting system correspond to the sales transaction cycle. 2) What IT professionals call transaction cycles, accountants refer to as business processes. 3) The customers module in the baseline accounting system corresponds to the sales transaction cycle. 4) A well-designed chart of accounts does not use.
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21) A force in the environment to which businesses must respond and that influences the direction of the business is called a business A) driver. B) threat. C) process. D) matrix. 22) The major dimensions of international systems architecture include each of the following except A) the global environment. B) corporate global strategy. C) technology platform. D) transborder data.
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14) Which symbol is used by IT professionals to represent the enterprise network? A) Cloud B) Star C) Circle D) Square 15) What is the purpose of Enterprise Resource Planning (ERP) software? A) Help identify the end of a product's life cycle B) Identify new trends in consumer purchasing C) Analyze an organization's sales projections D) Help managers control.
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Objective 3 1) Sustainability reports are increasingly demanded by managers to evaluate an enterprise's responsiveness to economic, environmental, and social sustainability challenges. 2) The difference between Real-time reports and Live reports is that Real-time reports continuously provide up-to-the minute data. 3) Information broadcasting can be used to email electronic reports to end users.
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42) When designing accounting database tables, how can we ensure the database will support the data needed by the enterprise? How can this information be collected? 43) What is the purpose of a foreign key? Provide an example. 44) Describe the types of relationships possible between tables in a relational database. Indicate.
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44) Spreadsheets containing data extracted from a relational database are called what? A) Shadow data B) Ghost data C) Gray data D) Intelligent 45) Which of the following is NOT considered an information asset? A) Shadow data systems B) Business intelligence applications C) Electronic records D) None of the above 46) Which act requires publicly traded companies to assess the.
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51) Of the following, which is not one of the three central principles recommended in this chapter for a firm organizing itself for international business? A) Organize value-adding activities along lines of comparative advantage. B) Establish a single office responsible for international systems and a global CIO position. C) Disperse production and marketing.
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41) In centralized systems A) development occurs at the home base and operations are handed over to autonomous units in foreign locations. B) each foreign unit designs its own unique solutions and systems. C) systems development and operations occur in an integrated and coordinated fashion across all units. D) systems development and operations occur.
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Objective 1 1) An IT auditor must understand the terms and definitions used by accounting and IT professionals. 2) Which of the following are NOT part of the basic functions of an enterprise system? A) Hiring B) Output C) Input D) Processing 1) A Supply Chain Management (SCM) system is a subsystem of an Accounting System. 2) Activities.
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Objective 4 1) Database anomalies are limited to databases using a network structure. 2) Intersection tables do not remove duplicate records from tables that have a many-to-many relationships. 3) To maintain primary key integrity, a relational database designer will not allow a primary key to have a null (empty) value. 4) Referential integrity ensures.
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1) The first step in establishing a corporate strategy and structure for globalization is to determine the appropriate technology platform. 2) Global business drivers can be divided into two groups: general cultural factors and specific business factors. 3) The growth of powerful communications technologies and the emergence of world cultures create the.
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86) What are the organizational principles a company should follow to develop a global company and its information systems support structure? Do you agree? Would you change these principles, or add others? Support your answer. 87) List at least four difficult problems for management in the development of the international information.
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