Info
Warning
Danger

Study Resources (Accounting)

125.Which of the following statements is not true? A.Accounting information systems must maintain both detail and summary information. B.Business processes may vary from company to company. C.Regardless of the extent of computerization, all accounting information systems must capture data from the transactions within business processes. D.Business processes categorized as expenditure processes are not intended.
12 Views
View Answer
134. Explain a supply chain linkage and give an example. 135. Explain how business process reengineering occurs.  Also, explain how it differs from the typical        changes in company policies. 136. For an accounts receivable system, what kind of data would be found in the master files and        transaction.
11 Views
View Answer
120.  What two kinds of efficiency improvement result from business process reengineering in     conjunction with IT systems?  121. Explain the differences between a field, record, and file.  122. Explain why random access files would be preferable to sequential access files when payroll        personnel are changing a pay rate for.
12 Views
View Answer
TRUE/FALSE: 1.Technology has done little to help the hospitality industry improve the quality of services to customers. 2. Using IT will change the business processes and the way accounting data is collected. 3.When a business process occurs, there must be a way of capturing the data generated to input it into the AIS. 4.There.
19 Views
View Answer
21.              If an organization has the policy of allowing employees to work from home via telecommunications, they could be opening themselves up to an opportunity for a hacker to break-in to their network. 22.E-mail spoofing is more of an irritation to an organization that a fraud threat. 23.In order for a code.
9 Views
View Answer
11.   The software market segment for small companies is usually for companies who have less than        $10,000,000 in revenue. 12.    Oracle is considered as a software program for the beginning ERP market. 13.    ERP systems usually don’t allow the user the flexibility to set it up to customize it for their         specific.
17 Views
View Answer
83.In a manual accounting system, the processing of accounting information includes: A.Recording in the ledger B.Posting to the journal C.Closing the necessary ledger accounts D.Adjusting the journal 84.When all similar transactions are grouped together for a specified time and then processed together as a group, the process is referred to as: A.Grouped processing B.Batch processing C.Bound processing D.Unit processing 85.An.
41 Views
View Answer
93.Documentation of the accounting system allows: A.The accountant to analyze and understand the procedures and business process and the systems that capture and record the accounting data. B.The non-accountant to create a picture or chart of what should happen within the accounting system. C.The investor to see inside the accounting system so that.
10 Views
View Answer
– CHAPTER 2 – MULTIPLE CHOICE: 33.IT systems have dramatically affected many aspects of business.  Which of the following is not one of the changes? A.Data input into accounting information systems. B.The way that data is processed in the system. C.The accounting information that is reported by the system. D.The outputs of the system. 34.Which of.
13 Views
View Answer
144. Business processes are composed of three common stages: an initial event, a beginning, and an        end.  For each of the processes a through h in Problem 47, identify the applicable initial event,        beginning, and end of the process. Student responses may vary as their experiences are likely.
12 Views
View Answer
11.              A good set of internal controls may not be as effective in reducing the chance of management fraud as it would be in reducing the change of fraud committed by an employee. 12.The most effective measure to prevent management fraud is to establish a professional internal audit staff that periodically.
10 Views
View Answer
53.Special journals are created, or established, to record specific types of transactions.  Which of the following is not one of the special journals? A.Fixed Asset Journal B.Cash Receipts Journal C.Purchases Journal D.Payroll Journal 54.The purpose of this item is to maintain the detailed information regarding routine transactions, with an account established for each entity. A.Purchases Journal B.Subsidiary.
14 Views
View Answer
63.Frontware, which adds modern, user friendly screen interfaces to legacy systems are referred to as: A.Turnaround software B.Graphical user face C.COBOL D.Screen scrapers 64.Instead of completely replacing their systems, organizations often try to use new technology to enhance existing systems.  Which of the following is not one of the approaches taken by the se organizations? A.Enterprise.
12 Views
View Answer
TRUE / FALSE 1.When management does not act ethically, fraud is more likely to occur. 2.In the Phar-Mor fraud case, management did not write or adopt a code of ethics. 3.Maintaining high ethics can help prevent fraud but will not help to detect fraud. 4.Due to management’s responsibility to monitor operations by examining reports.
22 Views
View Answer
166. Identify whether the following reports would be categorized as trading partner documents,        internal documents, internal reports, or external reports: daily cash receipts listing accounts receivable aging wire transfer of funds to a vendor customer price list general ledger statement of cash flows sales invoice production schedule customer address list payroll journal 167. Which type of accounting information system reports.
10 Views
View Answer
– CHAPTER 12 –SHORT ESSAY 132. For each category of business processes (revenue, expenditure, conversion, administrative),        give an example of a business process. 133. Think of a company that you have worked for or with which you have done business. Which        departments within the company need reports generated by.
13 Views
View Answer
141. Why would the training of employees be an impediment to updating legacy systems? 142. Why is it true that the accounting software in and of itself is not the entire accounting        information system?  143. How is integration across business processes different between legacy systems and modern,        integrated systems?  144..
13 Views
View Answer
43.Which of the following statements is true? A.Most accounting systems in use today are computerized systems. B.All accounting systems, whether computerized or not, must capture data, process the data, and provide outputs C.It is not necessary for an accounting system to maintain summary information if it maintains detail information. D.The general ledger will be.
10 Views
View Answer
103.When creating or reading a system flowchart, the triangle symbol represents a: A.File B.Direct access storage C.Manual input D.Document               104.When creating or reading a system flowchart, the diamond represents a(n): A.On-page connector B.Decision C.Data D.Process               105.When creating or reading a system flowchart, the rectangle represents a(n): A.Decision B.Off-page connector C.Document D.Process 106.The documenting system that shows the flow of documents and information among.
14 Views
View Answer
63.An integrated collection of enterprise-wide data that includes five to ten fiscal years of non-volatile data, used to support management in decision making and planning is referred to as: A.Operational Database. B.Relational Database. C.Data Storage. D.Data Warehouse. 64.This type of database contains the data that are continually updated as transactions are processed and includes data.
13 Views
View Answer
– CHAPTER 2 – SHORT ANSWER QUESTIONS: 137. What is the relationship between business processes and the accounting information system? 138. Why is it sometimes necessary to change business processes when IT systems are applied to        business processes?  139. Are manual systems and processes completely outdated?  139. What is the purpose.
11 Views
View Answer
– CHAPTER 1 – MULTIPLE CHOICE 33.A prescribed sequence of work steps preformed in order to produce a desired result for the organization is called a(n): A.Accounting Information System. B.Business Process. C.Financial Transaction. D.Capital Transaction Process. 34.The process that must identify the transactions to be recorded, capture all the important details of the transactions, properly process.
13 Views
View Answer
146. What are some of the differences between ERP systems and accounting software for small        companies?  147. Why would accounting software development companies be interested in expanding their        software products into other market segments? 148. Given the business and accounting environment today, do you think it is still important to       .
12 Views
View Answer
21.    The exclusive output of an AIS is that it produces trading partner documents such as checks,          invoices, and statements. 22.    The output of an AIS is for external users only, such as trading partner documents and external          reports including financial statements. 23.    Internal reports produced by an AIS are designed.
10 Views
View Answer
73.Source documents are usually preprinted and sequentially prenumbered.  Which of the following is not one of the reasons for this prenumbering and preprinting? A.To have an established format to capture data B.To assure that there is no duplicate source documents C.To be sure that all of the documents have been recorded D.To be sure.
12 Views
View Answer
141. Adrienne Camm is currently pursuing her accounting degree at Ridge University.  She has        excelled in each of her major courses to date; however, she has always struggled with her        computer classes and with assignments requiring use of computer technology.  Nevertheless,        Adrienne confidently claims that she will.
13 Views
View Answer
145. Each of the points listed next represents an internal control that may be implemented within a        company’s accounting information system to reduce various risks.  For each point, identify the        appropriate business process (revenue, expenditure, conversion, administrative). In addition,        refer to the description of business processes under.
15 Views
View Answer
113. What occurs in an accounting information system that classifies accounting transactions?  114. What are the differences between internal reports and external reports generated by the    accounting information system?   115. What types of businesses are in the supply chain of an automobile manufacturer?  116. When a company evaluates a supplier.
9 Views
View Answer
156. Why might it be important to have internal documents produced as an output of the accounting         information system? 157. How does documenting a system through a pictorial representation offer benefits?   158. How does client-server computing divide the processing load between the client and server?  159. Why do you think.
10 Views
View Answer
161. Describe the purpose of each of the following parts of a manual system: a. source document b. turnaround document c. general ledger d. general journal e. special journal f. subsidiary ledger 162.  Consider the accounting information system in place at an organization where you have         worked. Do you think that it was a manual system, legacy.
12 Views
View Answer
143. Classify each of the following processes as either a revenue process, expenditure process, conversion process, or administrative process:a. Selling common stock to raise capital Purchasing electronic components to manufacture DVD players Moving electronic components from the stockroom to the production floor to begin making DVD players Paying employees at the.
16 Views
View Answer
83.              Which of the following is not one of broad categories of controls? A.The risk that assets will be stolen or misused. B.The risk of errors in accounting data or information. C.The risk of loss due to a natural disaster. D.The risk of fraudulent activity by employees. 84.Which of the following is not a risk.
11 Views
View Answer
113.When discussing entity relationship diagrams, this is considered to be a noun that represents items in the accounting system: A.Attribute B.Relationship C.Entity D.Flow               114.When discussing entity relationship diagrams, this is considered to be a characteristic of an entity. A.Attribute B.Flow C.Relationship D.Field               115.The rectangle used in an entity relationship diagram is used to represent a(n): A.Attribute B.Relationship C.Entity   D.  Process               116.The.
16 Views
View Answer
53.A collection of data stored on a computer in a form that allows the data to be easily accessed, retrieved, manipulated, and stored is referred to as a(n): A.Accounting Information System. B.Information Technology. C.Database. D.Master File. 54.A collection of data stored in several small two-dimensional tables that can be joined together in many varying ways.
12 Views
View Answer
172. Look at Exhibit 2-3 and pick one accounting software product from the midmarket segment and        one software product from the tier 1 ERP segment. Using those brand names of software,        search the Internet for information about those products. Based on your investigation, what are        the differences between.
14 Views
View Answer
43.              The entities, processes, and information flows that involve the movement of materials, funds, and related information through the full logistics process, from the acquisition of raw materials to the delivery of the finished produces to the end use is a set of linked activities referred to as: A.Management Information System. B.Supply.
11 Views
View Answer
– CHAPTER 12 – END OF CHAPTER QUESTIONS 97.When a customer returns goods that were purchased, the business process to accept the return would most likely be a(n): A.Administrative process. B.Conversion process. C.Expenditure process. D.Revenue process. 98.Which of the following is least likely to be an output of the accounting information system? A.A check B.A report C.An invoice D.A bar.
23 Views
View Answer
– CHAPTER 2 – PROBLEMS: 170. Suppose that a large company is considering replacing a legacy system that is nearing        obsolescence. Describe any aspects of this decision that the company should consider. 171.  Visit the campus bookstore at your university.  From what you see happening at the bookstore,          try.
10 Views
View Answer
73.The intercompany, computer-to-computer transfer of business documents in a standard business format is called: A.E-business. B.E-commerce. C.Local area network. D.Electronic data interchange. 74.Which of the following is NOT one of the three components of electronic data interchange? A.Commerce - encompasses all forms of electronic trading. B.Intercompany - two or more companies conducting business electronically. C.Standard business format -.
10 Views
View Answer
– CHAPTER 12 –PROBLEMS 142. If an accounting information system was entirely a manual system (no computers used), explain        how data would be captured, recorded, classified, summarized, and reported. Discuss how the        sophistication of the company’s computer system impacts the accounting output and,        alternatively, how the requirements for accounting.
18 Views
View Answer
– CHAPTER 12 –SHORT ANSWER QUESTIONS 107. How might the sales and cash collection processes at a Wal-Mart store differ from the sales and   cash collection processes at McDonald’s?  108. Can you think of any procedures in place at McDonald’s that are intended to ensure the        accuracy of your order?  109..
12 Views
View Answer
168. Identify which of the cardinal relationships apply, from the following: component part — product customer – product employee ID badge – employee employee – supervisor vendor -- check 169. Differentiate distributed presentation computing and distributed applications computing. Which        of these forms of client server computing is most likely to be used by the sales clerks.
11 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!