Info
Warning
Danger

Study Resources (Accounting)

115) Discuss the employer's requirements for FICA tax, including the procedures for deposit, penalties for failure to deposit, the form used to report the tax, and the due dates of the form. 116) Discuss why the buyer-vendor relationship is the most critical point of control in the procurement business process, and.
5 Views
View Answer
79) From a cost standpoint, the phase of systems development in which more money is spent than any other area is A) systems analysis. B) systems design. C) systems implementation. D) systems planning. 80) From a cost standpoint, the phase of systems development in which major errors can become quite costly in later stages of.
5 Views
View Answer
1) Costs in job or processing costing may be either actual or standard costs. 2) Detailed material specifications for a product are recorded on a bill-of-materials. 3) Factor availability reports communicate the availability of labor and machine resources for use in production. 4) Sales forecasts are generally unrelated to the amount of a.
19 Views
View Answer
117) Presented below is a list of computer file names found in quick-response manufacturing systems, followed by definitions of the terms. Required: Match the letter next to each definition with the appropriate term. Each answer will be used only once. ________ 1. Completed production order file ________ 2. Master operations file ________ 3. Production.
6 Views
View Answer
108) Presented below is a list of terms relating to accounting information systems, followed by definitions of those terms. Required: Match the letter next to each definition with the appropriate term. Each answer will be used only once. ________ 1. Purchase requisition ________ 2. Procurement ________ 3. Approved vendor list ________ 4. Blind count ________ 5..
3 Views
View Answer
11) Information requirements of a production control system might include quality control specifications. 12) A large portion of the systems analyst's job is to collect and organize facts. 13) A closed-ended questionnaire is the same as a depth interview. 14) Structured systems analysis begins with computer program code and then, through a number.
9 Views
View Answer
109) The following ten paragraphs describe control weaknesses in customer order and account management business processes. Listed below are ten controls that may help regulate the weaknesses: A.Separation of payroll and personnel departments B.Independent paymaster to distribute paychecks C.Imprest payroll bank account D.Vendor selected by purchasing department E.Timekeeping department reconciles time cards to job time.
4 Views
View Answer
60) A production system in which parts are produced only as they are required in a subsequent operation is known as A) periodic production. B) green production. C) lean production. D) push production. 61) Radio-frequency identification is an automatic identification technology that uses A) high frequency radio waves to send and receive data between RFID tags.
5 Views
View Answer
119) The following production information for the Murray Manufacturing Company has been gathered for part number AB7 (which is used in the manufacture of one of its products): •Murray Manufacturing buys part AB7 from a supplier. •Murray estimates that it will need 5,400 parts this month (which has 30 days). •Each part costs.
4 Views
View Answer
55) Risk ________ for payroll, procurement, and customer order management business processes is required for compliance with Sarbanes-Oxley A) control B) compliance C) assessment D) assertions 56) For compliance with SOX, assessed risk for business processes must be clearly A) tested and reported to FASB. B) documented on form Circular E and submitted to the SEC. C) tested.
6 Views
View Answer
129) The more complicated, unfamiliar, or innovative business and information environments become, the more it becomes necessary to A) plan and analyze upfront. B) use an iterative design approach. C) employee a project manager. D) use the waterfall method correctly. 130) Systems development means defining, shaping, and reshaping the four enterprise architectural domains of A) business,.
4 Views
View Answer
99) One benefit of using the Warnier-Orr methodology as a fact-gathering technique is that it A) is easy to understand and use. B) can be used to document any type of system. C) forces a top-down, structured approach to analysis. D) All of these answers are correct. 100) In the Warnier-Orr methodology, how would the.
6 Views
View Answer
31) Most deficiencies in a systems plan become obvious during the planning and analysis phases of the systems development life cycle. 32) Iterative or agile approaches to systems development require constant communication and require all phases of the systems life cycle to be carried on simultaneously. 33) The whole concept of service-oriented.
6 Views
View Answer
21) The cost accounting application program processes the production data and production-status files. 22) Outputs of a cost accounting program are job time and machine time tickets. 23) The term applied overhead refers to the element of direct labor hours or cost used in the CIM environment. 24) Activity-based costing calculates a single.
4 Views
View Answer
151) Presented below are three lists. The first list contains design considerations for system elements. The second list contains the system elements, and the third list contains the definitions of the design considerations. Required: Insert the Roman numeral of the system element(s) that apply to the design consideration in the first.
4 Views
View Answer
110) The following ten items describe positions or departments related to procurement and human resource business processes. Listed below are ten positions or departments: A.Cash disbursements B.Paymaster C.Purchasing D.Receiving E.Accounts Payable F.Payroll G.Personnel H.Timekeeping I.Internal audit J.Stores Required: Next to each number, write the letter of the answer representing the department or position described. ________ 1. Has authority to request the purchase.
6 Views
View Answer
139) Data related to objects are called A) items. B) methods. C) attributes. D) characteristics. 140) The things objects do are called A) items. B) methods. C) attributes. D) characteristics. 141) ________ diagrams are used to document objects (and classes of objects) and how they communicate with each other. A) UML B) ER C) Conceptual D) Data flow 142) UML diagrams directly match objects in.
3 Views
View Answer
49) It is crucial that all major systems development efforts have the support of ________ ________. 50) General systems development objectives include the overall ________ objectives relating to the company's long-run planning. 51) Prioritizing systems development projects should be done in the same way as in ________ ________. 52) A small change in.
3 Views
View Answer
65) The type of purchase order a vendor receives when the vendor must receive and assemble parts into an end product is known as a A) third-party purchase order. B) standard purchase order. C) stock transport purchase order. D) subcontract purchase order. 66) An outline agreement detailing the total quantity of material to be ordered.
5 Views
View Answer
21) The document that includes everything necessary to actually implement the design project is the detailed design proposal. 22) The use of prepackaged business process blueprints is seldom used in system design specifications or proposals. 23) It is important to design system reports that have appropriate titles and captions. 24) Regarding general systems.
5 Views
View Answer
113) The following is a description of the payroll procedures for Cherokee Custom Crafters, a small company that customizes vans and RVs according to customers' specifications: The payroll department prepares a time card for each employee on the payroll every Monday and leaves the time cards in a box near the.
5 Views
View Answer
69) RUP development framework has four phases called the ________, ________, ________, and ________ phases. 70) Milestones corresponding to ________ of each phase must be achieved before it is accepted by the management. 71) Object-oriented approach focuses on defining ________. 72) In OO, objects are said to possess ________ and ________. 73) ________ are.
6 Views
View Answer
11) Industrial robots are used to move material, parts, tools, or specialized devices through variable programmed motions for the performance of a variety of tasks. 12) CAM systems are used to collect and process data from programmable manufacturing processes to provide decision support. 13) Systems that incorporate programmable production processes that can.
7 Views
View Answer
70) The document which gives authorization to the production department to manufacture a product is a A) production order. B) materials requisition. C) purchase order. D) sales forecast. 71) The source for the item and quantity information shown on a materials requisition is the A) bill of lading. B) bill of materials. C) inventory status report. D) factor availability.
4 Views
View Answer
150) Presented below is a list of terms relating to accounting information systems, followed by definitions of those terms. Required: Match the letter next to each definition with the appropriate term. Each answer will be used only once. ________ 1. Detailed design proposal ________ 2. Steering committee ________ 3. Systems analysis ________ 4. Bottleneck ________ 5..
5 Views
View Answer
90) The system that uses statistical process control to determine whether a manufacturing process is within limits is A) CADD. B) CAM. C) CIM. D) MRP II. 91) Which of the following occurs when a manufacturing facility uses statistical process control? A) A plan is developed to describe the routing of each production process. B) Production processes.
3 Views
View Answer
37) Once a purchase requisition is completed, it is electronically forwarded to a(n) ________ for approval. 38) ________ documents are used in the selection of a vendor. 39) The ________ ________ purchase order is issued to initiate a movement of goods between plants in a company. 40) ERP Master Material records contain so.
4 Views
View Answer
41) Ruby and Python are pure, native object-oriented languages. 42) UML diagrams are used to document objects and classes and how they communicate with each other. 43) UML diagrams are ideal for OO development; however, they are difficult to use to create source code. 44) Model driven architecture is the main architecture used.
5 Views
View Answer
119) Which of the following database design techniques shows the interrelationships between files, their contents, and their uses? A) Data structure diagrams B) Record layouts C) File-related matrices D) File analysis sheets 120) A file-related matrix reveals that a file's data item A is used in six different reports, while data item B in the.
4 Views
View Answer
100) In a production planning system, the production status file is used as an input for which of the following groups of applications? A) Scheduling and cost accounting B) Cost accounting and planning C) Scheduling and reporting D) Reporting and cost accounting 101) In a production planning system, the production loading file is an input.
3 Views
View Answer
85) Among the following pair of functions, which pair represents the most serious internal control weakness when the duties are performed by the same individual? A) Purchasing and verification of vendor invoices B) Check signing and cancellation of voucher documentation C) Cash disbursement and verification of vendor invoices D) Physical handling of incoming merchandise.
5 Views
View Answer
75) The ERP master records that has a hierarchical structure is the A) material master record. B) vendor master record. C) object master record. D) purchasing information master record. 76) The specific component of ERP which allows a user to check goods movement and manage inventory stocks is the A) materials management module. B) inventory management module. C).
5 Views
View Answer
59) Two special problems that relate to information systems design are problems involving ________ and ________ design. 60) ________ design focuses on producing documents that provide effective interfaces between managers and the information system. 61) A(n) ________ ________ diagram shows the various data fields within a record. 62) The decision as to whether.
4 Views
View Answer
111) Below are the documents commonly encountered in a procurement business process: a. Purchase requisition b. Purchase order c. Receiving report d. Payment voucher Required: For each document, (1) state where it originated, and (2) give the entity or entities (e.g., other departments or parties) which would most likely receive a copy of the document.
4 Views
View Answer
31) Because the procurement business process generates revenue amounts that are considered to be significant accounts, disclosures, and assertions on a company's income statement, risk assessment of the procurement business process is necessary for compliance with Sarbanes-Oxley. 32) The payroll business process is a subset of procurement and therefore, falls outside.
6 Views
View Answer
122) Explain how activity-based costing differs from traditional overhead allocation techniques. 123) Distinguish between MRP and MRP II. 124) Why is it important to design control systems in a quick-response manufacturing system before the manufacturing system is implemented? 1 .
2 Views
View Answer
116) Presented below is a list of terms relating to accounting information systems, followed by definitions of those terms. Required: Match the letter next to each definition with the appropriate term. Each answer will be used only once. ________ 1. RTGs ________ 2. Job costing ________ 3. Reorder point ________ 4. Economic order quantity (EOQ) ________.
3 Views
View Answer
149) Presented below is a list of terms relating to accounting information systems, followed by definitions of those terms. Required: Match the letter next to each definition with the appropriate term. Each answer will be used only once. ________ 1. Forms design ________ 2. Systems planning ________ 3. Upwardly compatible ________ 4. Integration ________ 5. Dedicated.
3 Views
View Answer
118) The following production information has been gathered from the records of the New Processes Manufacturing Company: Product:AlphaZeta Units Produced1,5007,500 Direct material cost / unit$ 10$ 22 Direct labor cost / unit1428 Direct labor hours / unit12 Production machine setup3 times3 times Engineering changes1 time2 times Additional production information is as follows: •Total setup costs (a part of total.
3 Views
View Answer
95) A timekeeping system in which all employee attendance and absence information is maintained is A) comprehensive time management. B) negative timekeeping system. C) positive timekeeping system. D) complex timekeeping system. 96) In the ERP HR modules, several infotypes for the same object can exist at the same time, but only one infotype for the.
3 Views
View Answer
109) Once system design alternatives have been laid out and documented, they must be evaluated. The primary criteria for selecting the alternative for implementation purposes should be A) cost versus benefits. B) simplicity versus complexity. C) user acceptance of the alternative. D) feasibility. 110) In the preparation of design specifications, which of the following activities.
5 Views
View Answer
125) Describe RFID including the benefits and drawbacks of this technology. Also compare this technology to that of bar codes. 126) What elements are involved in determining what products should be manufactured? How does the transaction cycle controls assist in such a decision? 127) Discuss the financial benefits of just-in-time production systems. 1 .
5 Views
View Answer
80) Control over inventory includes A) storing. B) handling. C) spoilage. D) Answer A and B are correct. 81) Inventories serve as a buffer between different operations in a A) just-in-time production system. B) materials as needed system. C) perpetual inventory system. D) Answers A and B are correct. 82) Which of the following objectives in a property accounting application.
4 Views
View Answer
115) Presented below is a list of terms relating to accounting information systems, followed by definitions of those terms. Required: Match the letter next to each definition with the appropriate term. Each answer will be used only once. ________ 1. Advanced integration technologies (AIT) ________ 2. Bill of materials ________ 3. Solids modeling ________ 4..
6 Views
View Answer

Welcome Back!

ScholarOn has more then 20 Million answers, flashcards & more being added everyday!

or
Forgot?
Login
Don't have an account? Signup

Join ScholarOn

ScholarOn has more then 20 Million answers, flashcards & more being added everyday!

or
Signup
By registering, I agree to the Terms and Privacy Policies
Already have an account? Log in

Thank You For Registering

Please Vreify Your Email Address

Resend Link
Verification Mail Send Successfully. Please Check Your Email.

Forgot Password

Please enter your registered email to recieve the password reset link.

Send reset link
Already have an account? Log in
Did you know?

ScholarOn has more than 2 Million+ answers, textbook solutions & flashcards. Explore Now!

d
Let us boost your grade together!