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Study Resources (Accounting)

21.____________________ costs are associate with but not directly attributable to the system or the system change. 22.A(n) ____________________ cost is one that can be reasonably quantified, such as software purchase and insurance. 23.A(n) ____________________ cost is one that cannot be reasonably quantified, such as productivity losses caused by low employee morale. 24._________________________ are.
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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 Study Objective 1.
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21.When automated matching is used, the system will not approve an invoice for payment unless the items and quantities match with the packing slip and the prices match the purchase order prices. 22.The evaluated receipt settlement system is an IT enabled system that reduces the time and cost of processing customer.
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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 business needs. 14.   .
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31.One of the two key inputs that triggers systems selection is ___________________________________, which specify the computer hardware capabilities needed to implement the new system, as well as computer output that is expected from the new system. 32.A(n) _________________________ is a firm that owns and manages computer equipment located on its property.
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41.As presented in this text, systems operation comprises two steps--namely, systems maintenance and post implementation review. 42.Systems maintenance is a set of procedures performed to complete the design contained in the approved systems design document and to test, install, and begin to use the new/revised information system. 43.In the parallel approach to.
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61.The post implementation review is an examination of a working system, conducted soon after the system's implementation. 62.Systems maintenance is the modification of existing applications. 63.Perfective maintenance is performed to fix errors. 64.Corrective maintenance is conducted to improve the performance of an application. 65.Adaptive maintenance adjusts applications to reflect changing business needs and environmental.
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MULTIPLE CHOICE 1.Which of the following is the assignment of selected business functions to a vendor? a.outsourcing b.application service provider c.insourcing d.none of the above 2.Which of the following provides services through an easy to use Web browser over public networks rather than private lines? a.outsourcing b.application service provider c.insourcing d.none of the above 3.Which of the following functions can not.
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31.During structured systems analysis, alternative future physical systems are identified using all of the following steps except: a.Which processes will be manual and which will be automated. b.How, where, and in what form inputs are processed; and how, where, and in what form outputs are produced. c.What type of network configuration will facilitate.
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– 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.
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11.Which of the following accountant types involved with the AIS acquisition is usually hired from outside of the organization and can take on many aspects of the systems acquisition? a.Consultant b.Internal auditor c.External auditor d.None of the above 12.Which of the following accountant types involved with the AIS acquisition reviews systems, makes recommendations for systems.
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– 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 the accounting.
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– 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.
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11.Structured systems analysis is a set of procedures conducted to generate the specifications for a new (or modified) information system or subsystem. 12.Within the characteristics of systems development methodology, specifications and other documentation, called process documents, must be produced periodically during systems development to make development personnel accountable for the execution.
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51.As a(n) ____________________, the accountant could be called in to complete the design, help prepare the contracts, or help plan, conduct, and evaluate the system tests. 52.As a(n) ____________________, the accountant could initiate the acquisition cycle. 53.The ______________________________ summarizes the implementation activities and provides documentation for operating the new system and for.
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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 specifically for.
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11.Online processing is the opposite of real-time processing. 12.Batch processing is best suited to sequential access files. 13.Online processing is best suited to sequential access files. 14.Online processing is best suited to situations were there is a large volume of records but only a few records are needed to process any individual transaction. 15.Each.
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21.Which of the following would be the likely trigger for the systems analysis step of systems development? a.a request for proposal (RFP) b.the systems logical specifications c.an approved feasibility document d.the systems physical requirements 22.Systems analysis is best conducted by a team because: a.personnel utilization is optimized because team members might otherwise be idle in their.
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21.An intangible cost is one that cannot be reasonably quantified, such as productivity losses caused by low employee morale. 22.A direct cost is one that is directly attributable to the system or the system change, such as reduced overhead costs. 23.Indirect benefits are not directly attributable to the system or the system.
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112. Describe how sales data is captured and recorded at a restaurant such as Applebee’s.  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.
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61.A detailed vendor comparison would normally include all of the following except: a.documentation volume b.cost of typical configuration c.maximum number of workstations d.benchmark results 62.Typically, all of the following are goals of structured systems design except: a.to recommend which computer hardware to use for the new system b.to convert the structured specification into a reliable, maintainable design c.to.
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71.Which of the following statements related to implementation approaches is false? a.The parallel system significantly increases employee's work load during the conversion period. b.The direct approach provides the best control. c.The modular approach can be combined with either of the other two approaches. d.The modular approach permits pilot testing of a system. 72.Which of the.
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2. Figure TB-17.3 is taken from the text figure showing the systems selection task and documents. Required: Explode bubble 3.0 Systems Selection into a level 1 DFD. The DFD should include the following items listed below. The data flows for available hardware and physical requirements are listed twice because these data flows.
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CHAPTER 1 – TRUE/FALSE: 1.A business process has a well-defined beginning and end. 2.Each business process has a direct effect on the financial status of an organization. 3.Few accounting information systems rely on computer hardware and software to track business processes. 4.The rethinking and redesigning that occur during business process reengineering are aided by.
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61.The ____________________ test runs a subset of the system in the actual production environment. 62.The ___________________________________ is an examination of a working system, conducted soon after the system's implementation. 63.______________________________ is the modification of existing applications. 64.____________________ maintenance is performed to fix errors. 65.____________________ maintenance is conducted to improve the performance of an application. 66.____________________.
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– 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.
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2.Discuss four ways that an accountant is often involved with the AIS acquisition? Students should discuss four of the following items: User Analyst Purchaser Implementer Consultant Internal auditor External auditor 3.Discuss the accountant’s involvement in systems selection including: 1. As an analyst 2. As consultant 3. As a user 4. As an internal auditor .
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41.The physical requirements of a proposed system might include all of the following except: a.file (database) sizes, growth, activity, access requirements, etc. b.an executive summary outlining the major features, objectives, benefits, and design constraints of the new system c.peripherals needed, such as printers, plotters, etc. d.computer response time requirements 42.The physical requirements of a proposed.
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– 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. How might.
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51.An organization might request bids for computer resources from only one vendor for all of the following reasons except: a.to reduce training cost by staying with its present vendor b.to avoid time and expense of preparing RFP's and evaluating responses c.to improve its bargaining position by maintaining a competitive selection posture d.to minimize conversion.
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COMPLETION 1.____________________ is the assignment of an internal function to an outside vendor. 2.A rapidly developing segment of the outsourcing market is the ______________________________ which are similar to service bureaus and provide services via Web browsers over public networks. 3.The purpose of ____________________ is to develop specifications for a new AIS. 4.One of the.
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51.As an internal auditor the accountant could be called in to complete the design, help prepare the contracts, or help plan, conduct, and evaluate the system tests. 52.As a user, the accountant could become deeply involved in systems implementation helping to design system inputs and outputs, or specify testing criteria. 53.The project.
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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.
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PROBLEM 1.Growing State University (GSU) is planning to change from its batch-oriented grade reporting system (BGRS) to a new, online grade reporting system (OGRS). The partial organization chart for GSU appears in Figure TB-17.1. Figure TB-17.2 is reproduced from Chapter 17 and shows three possible system implementation approaches. Required: Demonstrate your understanding of.
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31.Outsourcing is a term that describes an organization's assigning any of its internal functions (e.g., accounting, legal, data processing) to an outside vendor. 32.An RFP is a document used to solicit from prospective vendors their plans for providing hardware, software, and services. 33.To validate vendor proposals for supplying computer resources, an organization.
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11.A problem has a(n) ____________________ feasible solution if it can be solved with existing technology. 12.If the net estimated benefit for the AIS meets or exceeds the minimum threshold for the organization and the project compares favorably to competing uses for the organization’s resources then the problem is said to have.
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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 Chain. C.Accounting.
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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 -.
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81.Which of the following is not a significant activity during the system implementation phase? a.system testing b.system maintenance c.file conversion d.site preparation 82.Systems implementation is triggered by: a.the approved configuration plan b.the approved system design document c.both a and b d.none of the above 83.When completing the design of the system we need to complete all of the following except: a.the.
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– 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 outputs impact the.
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41.Within the approved systems design document, a(n) _________________________ is included that provides instructions on how to use the new system. 42.As presented in this text, systems operation comprises two steps--namely, systems maintenance and __________________________________. 43.___________________________________ is a set of procedures performed to complete the design contained in the approved systems design document.
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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.
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137. Describe the differences in the three types of processing. 138. The networks discussed in this chapter were LANs, Internet, intranet, and extranet.  Explain each. 139. Give a brief summary of enterprise risk management, corporate governance, and IT governance. 140. Describe why accountants should be concerned about ethics. 141. Adrienne Camm is.
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– CHAPTER 2 – 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.
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