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Study Resources (Accounting)

ESSAY 1.Define ERP and give some examples of ERP core applications. 2.What are the primary activities of the value chain and what are some of the main functions included in the value chain? 3.Describe the 6 steps in the order to cash process. 4.Describe the 5 steps in the purchase to pay process. 5.Describe 5.
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11.Customer relationship management (CRM) software builds and maintains an organization’s customer-related data. 12.Customer relationship management (CRM) software aggregates, manages, and retains data across the entire organization for the identification, acquisition, and retention of vendors to maximize the benefits of those relationships. 13.If you have made a Web purchase such as with Amazon.com.
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11.A(n) ________________________________________ shows what tasks the system is doing without specifying how, where or by whom the tasks are accomplished. 12.A(n) ____________________ data flow diagram depicts what tasks the system performs rather than how, where, or by whom they are performed. 13.When the context diagram and the level 0 diagram reflect the.
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3.              Figure TB-4.5 shows a level 0 logical data flow diagram for a billing system. The logical data flow diagram intentionally violates several of the guidelines and other techniques presented in the text for drawing data flow diagram. Required: Identify as many of the errors in the logical data flow diagram construction.
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ESSAY 1.Review the following diagram. What is the key missing element? Discuss the importance of this key missing element. 2.Describe each of the following items from the management problem structure: a. Strategic planning b. Tactical planning c. Operations planning 3.Describe the three roles that an accountant can play in the AIS? 4.Discuss three of the ten items.
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11.Historically, the accountant has performed a(n) ____________________ function to determine the reliability of financial information presented in printed financial statements. 12.A(n) ____________________ system generally consists of both computerized and manual components that operate to collect, store, and manage data and to provide output information to users. 13.A(n) ____________________ information system is designed.
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21.In an event-driven architecture (EDA) a.the enterprise can choose the best module from multiple vendors b.reduces delays in business processing through real time processing c.an event notification is sent through middleware known as “publish and send” d.all of the above 22.The general term for software that connects third-party modules to ERP systems is known as a.DreamWeaver b.Middleware c.Microsoft d.NetWeaver 23.An.
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21.In which of the following data flow diagrams does the bubble symbol represent a process and not the entire system? a.context diagram b.physical data flow diagram c.logical data flow diagram d.systems flowchart 22.In a logical data flow diagram for a cash receipts system, each of the following labels might appear in a bubble except: a.cashier b.capture cash.
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31.Which of the following is NOT one of the three steps in decision making as described in the text a.action orientation b.intelligence c.design d.choice 32.Regarding management problem structure and information requirements, which of the following represents the vertical information flows from lowest to highest? a.Strategic management analysis, tactical management, operations management, operations and business event processing b.Operations.
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31.On a systems flowchart, computer processing is represented by a: a.square b.trapezoid c.rectangle d.parallelogram 32.On a systems flowchart, a paper file is represented by a: a.triangle b.cylinder c.rectangle d.pentagon 33.On a systems flowchart, a dashed line with an arrow going from one symbol such as that for a magnetic tape to a second copy of that same symbol indicates: a.only some.
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MULTIPLE CHOICE 1.Back office functions include: a.customer interface b.supplier interface c.purchasing d.accounting 2.A byproduct of e-business is a.elimination of sales staff b.increase in accounting staff c.production of hard copy reports d.increased errors 3.Increased efficiency in the purchasing function from e-Business includes a.the seller soliciting pricing b.automatic price checking by the computer c.decreased electronic based business events d.none of the above 4.The vast majority of e-Business is a.business.
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21.An external entity is a person, place, or thing within the system that transforms data. A physical data flow diagram uses bubbles to specify where, how, and by whom a system's processes are accomplished. 23.When the context diagram and the level 0 diagram reflect the equivalent external data flows, the two diagrams.
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4.Figure TB-4.7 shows several systems flowchart routines that intentionally violate good flowchart construction procedures. Required: Redraw each of the routines so that they conform to the guidelines and other techniques presented in the text for drawing systems flowcharts. HINT: Be alert to the description of each routine; the descriptions should govern your.
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11.Software that helps execute steps such as demand planning, acquiring inventory, manufacturing, distribution, and sales is known as a.customer relationship management (CRM) software b.customer self service (CSS) software c.supplier relationship management (SRM) software d.supply chain management (SCM) software 12.Software that manages the interactions with the organization’s that supply the goods and services to an enterprise.
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41.A record is a collection of related data field attributes. 42.The credit limit within a customer record provides unlimited authorization for customer sales. 43.Segregation of duties includes separating the sales and credit departments. 44.Generally, when processing a customer order, one does not need to know the total price of the goods before credit.
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11.In data flow diagrams describing the accounting information system of a medical practice, a patient is most likely represented as a(n): a.data flow b.data store c.external entity d.process bubble 12.Those entities which perform no information processing activities for the system are called: a.external entities b.internal entities c.boundary entities d.environmental entities 13.Which symbol can be either an entity or a process.
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6.Describe 3 of the cons of an enterprise system. 7.Lexington Company is considering taking customer’s orders on their Web site. a. What information should Lexington collect from the customer during this process? b. What information would need to come from Lexington’s system to complete the order? 8.Why might a firm decide to implement only.
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COMPLETION 1.______________________________ integrate the business process functionality and information from all of an organization’s functional areas, such as marketing and sales, cash receipts, purchasing, cash disbursements, human resources, production and logistics, and business reporting (including financial reporting) 2.________________________________________ are software packages that can be used for the core systems necessary to support.
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21.A private data base service allows all subscribers to access and search external databases, usually through the Internet or other network connection. 22.SPAM is unsolicited non-document mail that has largely been eliminated. 23.A type of intranet, which has been extended to limited external access, is referred to as an extranet. 24.E-mail is the.
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41.Which of the following is false? a.Strategic planning is relatively unstructured b.Strategic planning uses much information from outside the firm c.Lower level management must convert strategic plans into plans directed at each operational unit d.One of the goals of strategic planning is for individuals and operational units to work toward their own desired objectives 42.Generally,.
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11.The following symbol represents general purpose input-output. In a data flow diagram, the following symbol represents a computer process. 13.The following symbol represents a manual process 14.The following symbol represents a disk 15.The following symbol represents a paper file. 16.The following symbol represents a computer process 17.In a data flow diagram, an external entity symbol portrays.
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31.An organization creates a competitive advantage by creating less value for its customers than does its competition. 32.Secondary activities of the value chain include activities directly involved with marketing, producing, selling, and delivering the product or service to the customer. 33.Primary activities of the value chain provide support infrastructure such as procurement,.
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PROBLEM 1.Figure TB-4.1 is a "generic" level 0 data flow diagram, taken from Figure 4.5 in the text. Required: Using good data flow diagram construction techniques, draw a diagram to explode bubble 3.0 to its next lower level. Diagram 3.0 should contain three processes, appropriately numbered, and should contain the following data flows.
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11.According to the text, this includes functions related to accounting events, internal operations and financial statement preparation a.batch processing b.information processing c.periodic processing d.data maintenance 12.The processing mode in which there is a delay between the various data processing steps is referred to as: a.imperial mode b.periodic mode c.immediate mode d.passive mode 13.In batch processing, business event data are usually.
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21.All of the following are components of reliability except: a.validity b.accuracy c.verifiability d.feedback value 22.The minimum threshold for recognition is a.relevance b.materiality c.reliability d.decision usefulness 23.Which of the following is an advantage of using cost as a valuation method over fair market value? a.objectivity b.reliability c.verifiability d.all of the above 24.____ improves the decision maker’s capacity to predict, confirm, or correct earlier expectations a.Understandability b.Predictive value and.
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3.Discuss the alternative methods (E-mail, EDI, and Internet) of conducting electronic commerce. 4.Explain how the Internet and personal computers could be used in a college course such as AIS to eliminate all paper exchanged between the students and the professor. What technologies (hardware, software) you would need to carry out your.
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11.A device that is not directly connected to the processing computer is referred to as an online device. 12.In an OLTE system, use of data entry devices allows business event data to be entered directly into the information system at the time and place that the event occurs. 13.A computer configuration in.
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21.A system that supports constantly up to date reporting of data is a.OLTE b.OLRT c.ORLT d.OLTP 22.Digital image processing systems are capable of performing all of the following except: a.capture of data b.storage of data c.retrieval of data d.creation of data 23.The system that enables users of an ERP system to view source documents from any location is: a.electronic data interchange b.local.
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COMPLETION 1.___________________________________, ____________________, and ______________________________ are the three themes of the textbook. 2.The _________________________ Act of 2002 changed the daily work of financial accountants, auditors, and others. 3.A ____________________ is a set of independent elements that together accomplish specific objectives. 4.The component parts of any system are known as a ____________________. 5.Integrated software packages designed.
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MULTIPLE CHOICE 1.Goals of ERP include all of the following except a.improved customer service b.improvements of legacy systems c.increased production d.reduced production time 2.Core applications of an ERP are a.financial accounting b.procurement and logistics c.sales and distribution d.all of the above 3.Which of the following is usually not part of an ERP’s core applications? a.manual legacy systems b.product development c.purchasing d.sales and distribution applications 4.The enterprise.
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31.A basic unit of data such as a letter, number, or special character is known as a a.character b.field c.record d.none of the above 32.A collection of related characters that comprise an attribute such as a customer number or name is known as a a.character b.field c.record d.none of the above 33.A collection of related data fields pertaining to a.
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21.____________________ concerns the most productive, optimal, or economic use of resources. 22.____________________ is how well the organization actually achieves its goals and objectives. 23.Information that is capable of making a difference in a decision of a user is said to possess the quality of ____________________. 24.Information that is available before it loses its.
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21.A ____________________ is a collection of related characters that comprise an attribute, such as a customer number or name. 22.A ____________________ is a collection of related data field attributes 23.The _________________________ within a customer record provides limited authorization for the amount of customer sales. 24.The ______________________________ process includes the events surrounding the sale.
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5.The following narrative describes the order entry process at Adams, Inc.: Adams, Inc. customers mail their orders to the Adams customer service center where clerks open the orders and review them for accuracy. The clerks then key orders into the computer. As the clerk is entering data the computer populates the.
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COMPLETION 1.The involvement of two or more individuals and/or organizations in the completion of electronic-based business events is referred to as ______________________________. 2.Processes that include distribution, manufacturing, and accounting software operations are ____________________ processes. 3.___________________________________ represent the books of original entry used for recording most business events. 4._________________________ are repositories of relatively permanent data.
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COMPLETION 1.In a data flow diagram, a(n) ____________________ symbol depicts a function or a process within which incoming data flows are transformed into outgoing data flows. 2.In a data flow diagram, a(n) ____________________ symbol represents a pathway for data. 3.A(n) ____________________ is an external entity on a data flow diagram that receives data.
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TRUE/FALSE 1.E-Business is the application of electronic networks (including the Internet) to exchange information and link business processes among organizations and/or individuals. 2.Standing data is relatively permanent data stored in master data. 3.Adding, deleting, or replacing standing data is called transaction processing. 4.Master data are repositories of relatively permanent data maintained over an extended.
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2.              Figure TB-4.3 shows a context diagram a cash sales system. The diagram intentionally violates several of the guidelines and other techniques presented in the text for drawing data flow diagram. Required: Identify as many of the errors in data flow diagram construction as you can. In the diagram, place consecutive.
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31.Network providers are companies that provide a link into the Internet by making their directly connected networks available for access by fee-paying customers. 32.Internet assurance is a service provided for a fee to vendors in order to provide a limited endorsement to users of the vendor's web site that the site.
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MULTIPLE CHOICE 1.A symbol used in data flow diagrams to depict an entity or process within which incoming data flows are transformed into outgoing data flows is a(n): a.data flow symbol b.external entity symbol c.bubble symbol d.file symbol 2.A data flow diagram could contain each of the following symbols except: a.a bubble or circle b.a non-square rectangle c.a square d.a.
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TRUE/FALSE 1.Flowcharts are commonly used in financial audits, business process reengineering and security review engagements. 2.Data flow diagrams portray a business processes’ activities, stores of data, and flows of data among those elements. 3.Data flow diagrams present a comprehensive picture of the management, operations, information systems and process controls embodied in business processes. 4.A.
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11.____________________ is a software product that connects two or more separate applications or software modules. 12.A(n) ________________________________________ is a means for connecting to a system or application provided by the developer of that application. 13.______________________________ provides a comprehensive method for integrating manual and automated internal processes, applications, and systems, as well as.
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21._________________________ are software programs designed specifically to allow users to view the various documents and data sources available on the Internet. 22.A(n) ____________________ is unsolicited non-document mail. 23.A smaller version of Internet technologies that is used to link an organization's internal documents and databases into a system that is accessible through web.
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31.Which of the following is not a cost of electronic data interchange (EDI)? a.entering data only once b.training employees c.buying and leasing hardware and software d.reengineering affected applications 32.Which of the following are the two primary categories of E-Business over the web? a.Client and server relationships b.Networks and network providers c.Assurance providers and vendors d.B2B & B2C 33.To implement.
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41.On a logical data flow diagram, data flows: a.always go from a higher-numbered to a lower-numbered bubble b.never go from a higher-numbered to a lower-numbered bubble c.can go in either direction as needed d.must go from a bubble to a box 42.In general, a process bubble appearing in a level 0 data flow diagram reflects: a.the.
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21.Microsoft Dynamics Snap line of tools is an example of an Application Programming Interface. 22.Enterprise application integration (EAI) is an approach to connect together multiple pieces of an enterprise system and to connecting across different organizations. 23.Examples of enterprise application integration include enterprise systems and customer relationship management systems. 24.Enterprise Services Bus (ESB).
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TRUE/FALSE 1.One of the primary goals of implementing an ERP system is to standardize processes and systems. 2.Communicating via separate databases is easier than communicating with an enterprise system. 3.Enterprise systems result in more accurate forecasts resulting in reduced inventory and costs to redistribute inventory. 4.The primary goal of installing an enterprise system is.
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11.In a(n) ______________________________ system, use of data entry devices allows business event data to be entered directly into the information system at the time and place that the event occurs. 12.A computer configuration in which certain equipment is directly connected to the computer is said to be ____________________. 13._________________________ systems gather business.
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