Info
Warning
Danger

Study Resources (Accounting)

130) Discuss one major characteristic of logical data flow diagrams which may be an advantage over analytic flowcharts in some situations. 131) One broad type of resource utilization analysis is work measurement. a. What fundamental assumption underlies work measurement? b. What is an essential ingredient for an organization to be able to perform.
4 Views
View Answer
99) Material requirements planning software assists management in managing A) inventories. B) overhead. C) scheduling production. D) both inventories and scheduling production. 100) The international quality-management standard credited for promoting the process management approach is the A) Six Sigma. B) ISA-95. C) ISO 9001. D) ISA-Y2K. 101) Which systems permit the reprogramming of computers to produce entirely different products in.
6 Views
View Answer
1) The Internet is a global system of interconnected computer networks. 2) eBusiness refers to the use of information technologies in some aspect of the business or organization. 3) eBusiness and eCommerce have the same meaning. 4) Web commerce is a type of eCommerce and eCommerce is a type of eBusiness. 5) One reason.
21 Views
View Answer
110) Flowchart symbols that represent the I/O function and the medium upon which the information is recorded, and/or the manner of handling such information, are known as A) basic input/output symbols. B) specialized input/output symbols. C) LDFD symbols. D) HIPO hierarchy chart modules. 111) The principle behind the "sandwich rule" states that A) flowcharts should leave.
5 Views
View Answer
121) Which of the following ratios helps to evaluate how well a company is earning profit with the money shareholders have invested? A) Asset turnover ratio B) Return on sales C) Return on assets D) Return on equity 122) National Equipment reported the following for 2012: Net sales: $345,000 Net income: $29,600 Market price per share of common stock: $35.50 Dividends: $18,500 Average.
8 Views
View Answer
153) 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. Chief Information Officer ________ 2. Treasurer ________ 3. Transaction processing cycle ________ 4. Technical support.
5 Views
View Answer
1) Tools used in the analysis, design, and documentation of system and subsystem relationships are known as system techniques. 2) The interim audit requires some type of substantive testing. 3) Substantive testing involves direct verification of financial statement figures. 4) When evaluating internal controls, auditors are usually not concerned with the flow of.
11 Views
View Answer
31) Operational transaction cycles have traditionally grouped activities of a business into six common operational processes. 32) Transactions are used by auditors to verify account balances and internal controls. 33) The internal audit function and the accounting functions should not be segregated in order to increase a company's internal control. 34) The director.
2 Views
View Answer
77) The AICPA's Web Trust attestation program provides assurance that a merchant's Web site has A) some type of functioning information protection. B) business practices disclosure. C) transaction integrity. D) All of these answers are correct. 78) Servers that exist to support eBusiness are A) mail servers. B) file servers. C) Web servers. D) All of the above support.
5 Views
View Answer
60) The acronym for the organization responsible for standardizing flowchart symbols is A) FASB. B) ANSI. C) AICPA. D) CMA. 61) Audit tests that follow compliance tests and rely on the interim audit's results are called A) substantive tests. B) follow-up tests. C) internal control tests. D) evaluation tests. 62) Which of the following is a procedure included in systems.
11 Views
View Answer
42) Preparing flowcharts can be viewed as more ________ than ________. 43) ________ ________ are a fact-gathering technique where persons provide written answers to general, rather than specific, questions. 44) ________ ________ is based on the premise that quantitative measurement is essential to the design of efficient procedures. 45) The formula for capacity.
6 Views
View Answer
65) The IT benefits for AISs are ________, ________, and ________. 66) Application ________ involves the process of ensuring the suite of organization's applications work together in order to meet organizational goals and objectives. 67) ________ software assists management in managing inventories and scheduling production. 68) In ________ ________ ________, computers take control.
3 Views
View Answer
41) EDI is a key component to quick-response technology systems. 42) The philosophy that one should do the right thing the first time is better known as TQM or TQP. 43) RFID tags are used for tracking objects within a quick-response system. 44) Only active RFID tags transmit signals containing digital information to.
4 Views
View Answer
100) The first step in preparing a flowchart is to A) select the symbols to be used. B) analyze the system. C) sketch a rough draft of the system. D) consult the work papers from previous audits. 101) How many general guidelines should be followed when preparing a flowchart? A) Three B) Five C) Seven D) Four 102) The goal.
6 Views
View Answer
101) A company has $56,000 in cash; $12,000 in accounts receivable; $25,000 in short-term investments and $100,000 in merchandise inventory. The company also has $60,000 in current liabilities. The company's quick ratio is: A) 3.217. B) 1.550. C) 1.133. D) 0.933. 102) An acid test (quick ratio) of 0.75 would indicate: A) a ratio that would.
8 Views
View Answer
154) 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. XBRL ________ 2. Telecommuting ________ 3. JIT ________ 4. Total quality management ________ 5. OA ________ 6..
11 Views
View Answer
11) Under the Uniform Electronic Transaction Act, digital signatures are not legally binding in most states. 12) File servers exist mainly as storage for electronic files. 13) The enterprise architecture describes the joint structure and behavior of the enterprise and its information system. 14) The enterprise architecture involves five enterprise architectural domains. 15) Human.
12 Views
View Answer
109) The three general phases of systems development projects and the order in which they occur are A) systems design, systems implementation, and systems analysis. B) systems design, systems implementation, and systems auditing. C) systems design, systems analysis, and systems programming. D) systems analysis, systems design, and systems implementation. 110) Quick Response reader application can.
4 Views
View Answer
37) The ________ ________ ________ is a reference model for business models in general. 38) The ORM defines the typical business model in terms of four major domains: ________, ________, ________, and ________. 39) When the intranets of two or more companies are linked together a(n) ________ is formed. 40) A robot-type program.
5 Views
View Answer
90) Which of the following would generally not be appropriate in preparing a document flowchart? A) Columnar headings B) Flowlines C) Process symbols D) Connector symbols 91) A type of resource utilization technique which is used to rationally assign work activities to particular individuals, departments, or other entities is A) work measurement. B) work distribution analysis. C) branching.
7 Views
View Answer
129) RFID tags include all of the following except A) active tags. B) passive tags. C) inactive tags. D) semi-passive tags. 130) Which of the following is not associated with lean manufacturing? A) CRM B) Toyota Production System C) Eliminating waste D) JIT 131) The following are EDI standards except A) ANSI X.12. B) AS2. C) eBXML. D) ISO-95. 132) Green IT is concerned with A).
7 Views
View Answer
89) The term that best describes an information system that is tailored to the strategic information needs of top-level management is a(n) A) accounting information system. B) expert system. C) executive information system. D) EDP system. 90) ________ are the only physical items that are absolutely required for a user of cloud computing. A) A data.
6 Views
View Answer
119) The technological philosophy that emphasizes "customer satisfaction" to the point of "customer obsession" is known as A) TQP. B) EDI. C) TQM. D) TQP and TQM. 120) Which of the following is not a consumer benefit of Web commerce? A) There is no waiting for a salesperson or product information. B) There is automatic electronic encoding.
3 Views
View Answer
21) In CIM systems, computers control management-designed parts of the manufacturing process. 22) Flexible manufacturing systems can be reprogrammed to produce entirely different products. 23) The process management approach aids in the management and improvement of a company's processes in order to increase customer satisfaction while ignoring the company's cost structure. 24) ERPs.
6 Views
View Answer
123) 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. Systems techniques ________ 2. Work measurement ________ 3. Decision table ________ 4. HIPO chart ________ 5..
8 Views
View Answer
127) The approval policies for sales on account at Barton Brothers Lumber Company are given below: A sale under $1,000 is automatically approved for a builder or contractor. Sales between $1,000 and $5,000 (inclusive) require the approval of the credit department. Sales over $5,000 require the approval of the credit department.
6 Views
View Answer
11) Systems analysis involves formulating a blueprint for a completed system. 12) Auditors primarily use IPO and HIPO charts. 13) Section 404 of the Sarbanes-Oxley Act requires that annual filings of publicly traded companies include a statement of management's responsibility for establishing and maintaining adequate internal control as well as an assessment.
6 Views
View Answer
11) Some organizations that use computers to process transactional data must have an information system function. 12) The operations function allows specialization in areas such as operating systems and software and communications technology. 13) Cloud computing describes the increasing trend for data processing capabilities to be provided as a service via the.
7 Views
View Answer
70) The "hierarchy" aspect of HIPO charts refers to the fact that this technique factors a task into modules by A) using the entity's organization chart. B) utilizing a horizontal approach. C) going from the general to the specific. D) None of these answers are correct. 71) The charting technique which emphasizes a logical rather.
10 Views
View Answer
111) A company with an accounts receivable turnover of four means that the company collects its receivables approximately every ________ days. A)  30 B)  60 C)  90 D) 120 112) If accounts receivable turnover is 10.4, this means that from the date of: A) purchase to the date of payment is approximately 35 days. B) sale to.
8 Views
View Answer
47) An electronic ________ is essentially a computer program that keeps track of various keys, digital certificates, and other items of information associated with electronic funds. 48) A merchant's Web site may perform important functions, such as opening an encrypted ________ session. 49) ________ is one of the adverse results of privacy.
5 Views
View Answer
21) Service-oriented architecture is an applications architecture design framework that facilitates the development of application suites that share information with each other. 22) Database drivers connect applications to printers. 23) The enterprise service bus (ESB) transfers data to users through a graphical user interface. 24) A guessed plaintext attack will succeed even though.
8 Views
View Answer
124) The following data is related to the time required to post checks drawn by the Last National Bank's depositors: Number of checks posted795 Total elapsed minutes520 Rest period minutes12 Interruption minutes15 Required: a. Calculate the standard posting time per check. b. Calculate the combined rest and interruption time as a percentage of the standard time per.
8 Views
View Answer
122) 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. On-line storage symbol ________ 2. Off-page connector symbol ________ 3. Manual input symbol ________ 4..
7 Views
View Answer
87) ________ store relatively current transaction data for quick access by management in support of tactical decision making. A) Data warehouses B) Operational databases C) Relational databases D) Data marts 88) ________ store enormous volumes of current and historical data for use in research and analysis. A) Data warehouses B) Operational databases C) Relational databases D) Data marts 89) ________.
5 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

Verify Your Email

Check your inbox & click on the link to activate your account.

Resend Email
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!

Let us boost your grade together!