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Study Resources (Accounting)

21.In the REA framework, which of the following entities are involved in the business A.Inventory, employee, customer, sale B.Inventory, product number, invoice number, customer C.Employee, product number, customer, sale D.Invoice number, product number, customer, sale 22.What is a resource in the sale event in the REA framework? A.Purchase order B.Inventory C.Employee D.Customer 23.In the REA framework, which of the following.
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6.What is the step that will normalize data with respect to the first normal form? 7.What is an insertion anomaly? 8. Consider the following elements needed to produce a purchase order (see figure below): Purchase order numberProduct number Purchase order dateProduct description Vendor codeQuantity purchased Vendor nameUnit cost Vendor addressTotal ordered Total due PURCHASE ORDER Purchase order number: PO156 Purchase order.
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41) How much did the average Canadian ICT worker earned in 2011 according to Industry Canada? A) $90,000 B) $19,000 C) $75,000 D) $68,000 E) $59,000 42) Which of the following segments of the ICT sector in Canada is responsible for the majority of this sectors revenue, according to Industry Canada? A) Software B) Manufacturing C) Services D) Export E) Hardware 43).
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11.Electronic business is any transaction (such as a purchase or a sale) completed over a computer network that involves the transfer of ownership or rights to use goods or               services. 12.Electronic data interchange is the computer exchange of business documents between two organizations by telephone, radio, microwave, satellite transmission, or.
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Chapter 13 MULTIPLE CHOICE QUESTIONS 1.The participation of which of the following individuals is not necessary in the development of a database system? A.Accountants B.Marketing managers C.Human resource managers D.Board of directors 2.  What are some characteristics of normalized tables? A.They comprise the transaction files, master files, open files, and reference files in                             an accounting.
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SHORT-ANSWER QUESTIONS 1.What activities of an organization must an accounting system be able to support? 2.Describe data redundancy in an accounting system and the problems it causes. 3.Compare the data hierarchy of a conventional file to that of a database. 4.List the advantages and disadvantages of a database system.   .
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1) Business processes are synonymous with business systems. 2) You should always ask yourself "how can I use my time in school to enhance those skills I already have?" 3) The inventory management process includes placing orders and receiving goods into inventory. 4) In the payment process, the invoice is compared to the.
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Chapter 14 Electronic Business MULTIPLE CHOICE QUESTIONS 1.Which of the following statements best characterizes electronic business? A.Electronic business is a sale or a purchase transaction completed over a computer                             network. B.Electronic business is a cash receipts or a cash disbursements transaction                             completed over a computer network. C.Electronic business is the identification of.
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31) What is an Information System? A) An information system is a group of components that interact to produce information. B) Computer hardware and software C) Software development process D) A framework describing human computer interaction E) An information gathering application 32) How does IT differ from IS? A) IT costs money while IS doesn't. B) IT is.
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Chapter 12 Database Structure of Accounting Systems MULTIPLE CHOICE QUESTIONS 1.Which of the following files is not owned by the account receivable application in a               conventional accounting system? A.Open customer invoice file B.Customer master file C.Cash receipts transaction file D.Vendor master file 2.Why are conventional files easy to understand and operate? A.Data are separated into files that mimic.
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21) While weather is an unstructured phenomenon, weather forecasting is an example of structured decision making. 22) The quality of your thinking is a large part of the quality of the information system. 23) The review step may lead to another decision and another iteration of the decision making process. 24) Your mind.
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71) A blog would be an example of A) IT procedures. B) an information technology. C) an information system. D) an email system. E) an infrastructure system. 72) The "ICT Labour Trends Outlook" report of 2010 indicates there is a dramatic need for individuals with core skills that include A) communications skills. B) non-technical skills. C) basic computer skills. D).
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SHORT ANSWER QUESTIONS 1.Briefly describe the approaches used in developing the relational database for an accounting system. 2.Briefly summarize the steps performed in developing a database system for an accounting               system using the system output approach. 3.What are the three steps that will normalize data with respect to the third normal.
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11.A database administrator is responsible for planning, organizing, and maintaining the database to satisfy users’ needs. 12.In the relational model, data are perceived by the user to be arranged in simple tables with rows and columns. 13.The selection operation is used in a relational database to produce a new table with only.
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5.Define a database management system and describe its role. 6.What are the differences in the logical and physical structures of a database?  How do these structures relate to the three levels of the database architecture? 7.Identify the types of relationships that can exist between tables in a database. 8.What does a database.
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91) Every information system contains hardware, software, people, data and ________. 92) Every information system contains hardware, software, people, ________, and procedures. 93) The study of MIS is not just about learning to use spreadsheets and databases, but about learning how to use these tools to accomplish a(n) ________ purpose. 94) Information technology.
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11.ERP software caught on so quickly because of its simplicity and low cost. 12.Two very good tools for gathering in formation to help select the best accounting system               are The Accounting Library and CTS Guides. 13.Most accounting VARs handle only one to three accounting software packages. 14.Pilot conversion is the installation of.
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11.Which level of the database architecture relates to the way all the data in the entire database are logically viewed? A.Physical level B.Conceptual level C.Internal level D.External level 12.Which of the following statements about a relationship in a database is correct? A.It is a connection or interaction between tables. B.It may exist because of the nature of.
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21) Moore's Law states that the number of circuits (Microprocessor Transistors) will double every four years. 22) Understanding the implications of technological change allows for greater effectiveness of business professionals. 23) A combination of business and technology skills can open a number of doors in the new Canadian economy. 24) This class is.
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6.Identify at least two benefits of EDI. 7.Identify the two barcode symbologies discussed in the text along with a brief description. 8.List the three types of e-business and give one example of each. 9.Briefly explain the difference in point-to-point versus value-added-network EDI architecture. 10.Define a digital signature.  .
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11.The end product of developing a relational database is a set of “rationalized” tables. 12.In a database table for sales transactions, you need to store “extended amount” and “total               due.” 13.A table in a relational database can have multiple values for one cell. 14.A transitive dependency exists when a nonkey data element.
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11) Most managers will get involved in purchasing computer hardware and building systems. 12) MIS stands for "Management Information Sciences." 13) MIS is embedded in an IT system. 14) Information systems are created to solve business needs. 15) Email is an example of an information system. 16) To gain a competitive advantage it is important.
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11.Discuss output controls commonly found in the inventory process. 12.Discuss the advantages and disadvantages of radio frequency identification (RFID). Give two examples of companies who have implemented RFID systems. 13.Discuss the benefits and risks of outsourcing that should be considered before enlisting a third party service provider. 14. Discuss ways that an organization.
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21.Which of the following is not included in a data dictionary? A.A list of records where each particular data element is stored B.The cost of the data element C.The source of each calculated data element D.A description of each data element 22.What is (are) the function(s) of a database administrator? A.To participate in the preliminary planning.
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21.The UPC bar code has a center divider with the field on the left and the field on the right               representing A.The industry and the company ID, respectively B.The product ID and the company ID, respectively C.The company ID and the product ID, respectively D.The company ID and the industry, respectively 22.The barcode symbology.
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NChapter 15 AIS Selection and Implementation MULTIPLE CHOICE QUESTIONS 1.Software that groups an organization’s accounting function with finance, sales, manufacturing, and human resources into a coherent, integrated system is referred to as a               what? A.Global resource planning package B.Enterprise resource planning package C.Worldwide enterprise resource package D.Global accounting information package 2.Which of the following is not an.
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10. Consider the following elements needed to produce a purchase order (see figure below): Purchase order numberProduct number Purchase order dateProduct description Vendor codeQuantity purchased Vendor nameUnit cost Vendor address Purchase Agent NameTotal ordered Total due Using the SYSTEM OUTPUT approach, determine the tables needed and put them in third normal form.  Be sure to identify primary, foreign,.
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10.What are some of the advantages of an accounting system that uses a database? 11.If database management systems are so nifty, why does any company still operate a conventional file, or legacy, system? 12.What are the three ways in which a user can interface with a database management system? 13.List the rules regarding.
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TRUE/FALSE QUESTIONS 1.Bar codes are one example of an automatic identification technology used by manufacturers. 2Today, the model for AIS acquisition is to purchase a computer hardware system adequate for the system and then hire programmers to develop the software. 3.Many CPAs advise against any modifications of a commercial off-the-shelf AIS. 4.Most AIS developers.
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51) The review step A) is when the organization makes a decision. B) is when the organization makes a decision and may lead to another decision. C) may lead to another decision. D) is when the organization reviews the results of the decision. E) is when the organization reviews the results of the decision and.
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11.What would be the key for the new file created in Question 10? A.Part number/quantity ordered B.Part number/vendor number C.Purchase order number/part number D.Purchase order number/quantity ordered 12.A primary key is one or a group of data elements that uniquely identifies what? A.A file B.A record C.A transaction D.A byte 13.What would be a likely primary key for the customer.
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TRUE/FALSE QUESTIONS 1.An accounting system can be structured to provide routine information and respond to spontaneous requests for information. 2.The earliest computerized accounting systems used conventional files that separated accounting data into dependent files. 3.Conventional file processing systems are not easily understood and operated, but control               problems in these systems are amenable.
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41) The step in a decision making process where decision markers determine what is to be decided, what the criteria for the decision will be, and what data are available is called A) alternatives formulation. B) decision analysis. C) intelligence gathering. D) the review step. E) the choice step. 42) The stage in a decision making.
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6.What are the tasks that supply chain management software can perform? 7.What are the end of period processing options in the inventory module? 8. Define the following: lead time, safety stock, reorder point, ordering costs, economic order quantity. 9.Discuss some of the risks associated with the inventory process. 10. Discuss control activities related to.
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TRUE/FALSE QUESTIONS 1.For an accounting system to be successful, only the system's developers and the organization's accountants must actively participate in developing the database for the               accounting system. 2.The end product of developing a database for an accounting system is a set of “normalized” tables that will store the data. 3.A table.
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11.What is the most frequently used barcode symbology in the grocery industry? A.Code 39 B.Postnet C.Universal Product Code (UPC) D.Interleaved 2 of 5 E.PDF 417 12.What would Interleaved 2 of 5 most likely be used for? A.Drug items B.Multiple unit packages C.Small items D.Items sold by weight E.Items sold by volume 13.What characterizes a “discrete” bar code (as contrasted with “continuous”)? A.It has.
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SHORT ANSWER/ESSAY QUESTIONS 1.Identify the three approaches to support EDI over the Internet and briefly describe each one. 2.Dave is designing a member ID card to issue to customers of his video rental store.  He wishes to print a barcode on the card that represents a member’s name and telephone               number. .
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61) Which systems are typically used to analysis data and information during the choice step? A) Word processing packages B) Financial modeling tools C) Databases D) Digital imagining packages E) Presentation software 62) Customer numbers and their names would be an example of the ________ component of an order management information system. A) software B) information C) procedure D) hardware E).
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51) Which of the following are NOT the responsibilities of the user of an Information System? A) Backing up data B) Programming the system C) Learning how to employ the system to accomplish your goals D) Helping recover the system E) Protecting the security of the system and its data 52) The Running Room web site A).
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TRUE/FALSE QUESTIONS 1.Companies are rapidly moving their EDI transaction to the Internet because this approach               is much less expensive while providing the same level of security as value-added               networks. 2.In addition to conducting business-to-business over the Internet, business-to-business can               also be conducted over an Extranet. 3.An Extranet consists of two.
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31) Just barely sufficient information refers to information that is A) correct and complete. B) produced in time for its intended use. C) good for the purpose for which it is generated. D) not useful to the decision being made. E) useful to both the context and the subject at hand. 32) "Worth its cost" refers.
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