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61.Cheryl Liao is an accountant at Folding Squid Technologies. While making an adjusting entry to the general ledger, she received the following error message when she tried to save her entry, “The amounts debited and credited are not equal. Please correct and try again.” This message was the result of.
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61.In a relational database, which of the following attributes would typically be included in the table that stores data about the Customer entity? a)Invoice number b)Credit limit c)Product code d)Backorder 62.In a relational database, which of the following attributes would typically be included in the table that stores data about the Vendor entity? a)Invoice number b)Outstanding balance c)Product.
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Chapter 13 MULTIPLE CHOICE 1.Which activity below is not performed by the HRM? a)compensation b)training c)discharge d)recruitment and hiring 2.In most companies the HRM/payroll cycle activities are accomplished by two separate systems.  Which task below is typically not performed by an HRM system? a)training b)performance evaluation c)compensation d)recruiting and hiring of new.
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61.Which one of the following is most likely to be positively correlated with employee morale? a)Turnover rate b)Profitability c)Defect rate d)Overhead 62.The average annual middle-management salary at Folding Squid Technologies is $60,000. If the average turnover rate for middle management is ten employees per year, what is the approximate average annual cost of turnover? a)$300,000 b)$600,000 c)$900,000 d)$1,200,000 63.Which.
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SHORT ANSWER 79.Define an HRM/payroll cycle.  What are the basic activities in an HRM/payroll cycle? 80.List the various ways used to compensate employees. 81.What are different types of deductions in payroll? 82.Why are accurate cumulative earnings records important? 83.Explain the functions of the payroll register, deduction register, and earnings statement. 84.What.
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51.In which of the following cases is the relationship between entities not implemented by foreign keys? a)      b)     c)      d)     52.Which entity is likely to be part of both the payroll cycle and the expenditure cycle? a)Receive Goods b)Customer c)Disburse Cash d)Inventory 53.Which entity is likely to be part of both the payroll cycle and the.
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71.Which of the following occurs nearest the start of the payroll cycle? a)Update payroll master file b)Disburse payroll taxes and miscellaneous deductions c)Disburse payroll d)Prepare payroll 72.Which of the following occurs nearest the start of the payroll cycle? a)Update payroll master file b)Disburse payroll taxes and miscellaneous deductions c)Disburse payroll d)Prepare payroll 73.Payroll processing efficiency can be increased by eliminating.
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31.Technological changes a)Do not change the mechanics of accounting procedures. b)Have little effect on accounting process. c)Do not change the need for management reports and financial statements. d)Are more easily adapted using traditional AIS models. 32.REA data modeling a)Can be used only to model financial data. b)Can provide accountants with a method for more easily adapting.
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Chapter 16 MULTIPLE CHOICE 1.Integrating separate REA diagrams developed for individual transaction cycles into a single, comprehensive enterprise-wide data model a)is possible. b)requires understanding what the cardinalities in each separate diagram reveal about the organization’s business policies and activities. c)provides a single comprehensive enterprise-wide model of the organization. d)all of the above are true. 2.An.
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41.Where is information traditionally found in journals stored in an REA database? a)Agent b)Event c)Relationship d)Resource 42.Which table is most likely to have a concatenated key? a)customer b)sales c)customer-sales d)none of the above 43.An REA diagram contains five instances of the Customer entity.  How many tables does this require in a relational database? a)one b)two c)three d)four 44.In an REA.
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11.The recording of interest earned on an account balance or wages payable is an example of which type of adjusting journal entry? a)accrual entry b)deferral entry c)revaluation entry d)correcting entry 12.The posting of adjusting journal entries is the second activity found in the general ledger system.  Adjusting entries fall into.
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79.What are the control objectives in the general ledger and reporting system? 80.Describe three threats in the general ledger and reporting system and identify corresponding controls for each threat. 81.Explain the preparation of financial statements as the third step in the general ledger and reporting system. .
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61.Which type of transaction is represented by the diagram below?   a)Cash and carry consumer retail sales b)Consumer retail sales paid in installments to the seller c)Business to business sales of nondurable goods d)Business that allows customers to carry a balance and make installment payments 62.Which type of transaction is represented by the diagram below?   a)Vendors send.
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11.Concerning the relationship from the Rent Item to the Receive Cash event: The minimum cardinality is______ because customers typically pay first, prior to taking possession of the item. The maximum cardinality is _____ because there may be additional charges imposed when the item is returned. a)0,1 b)1,1 c)1,N d)N,M 12.The relationship between the Rent Item.
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31.Developing an REA diagram for a specific transaction cycle consists of how many steps? a)one b)two c)three d)four 32.Developing an REA diagram for a specific transaction cycle consists of steps.  The first step involves a)Identifying events b)Identifying agents c)Identifying resources d)Identifying cardinality 33.Developing an REA diagram for a specific transaction cycle consists of steps. .
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SHORT ANSWER 70.What four main events of interest are included in a typical production cycle REA diagram? 71.Give an example of an M:N Agent-Event relationship 72.Why is the event Issue Debt  often modeled as a separate event entity? 73.Why might an REA diagram show relationships between agents? 74.Why might an REA diagram show relationships between.
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51.Which of the following graphical symbols represents a minimum cardinality of zero and a maximum cardinality of many? a)      b)     c)      d)     52.Which of the following graphical symbols represents a minimum cardinality of one and a maximum cardinality of one? a)      b)     c)      d)     53.Which of the following graphical symbols represents a.
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41.Which one of the following measures four dimensions of performance? a)human resources accounting b)social responsibility accounting c)a balanced scorecard d)integrated databases 42.A report containing measures that relate to the financial, internal operation, customer, and innovation and learning perspectives of an organization is called a(n) a)ERP. b)AIS. c)balanced scorecard. d)data warehouse..
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51.Which of the following diagrams represents the cardinality for a matrix style of organization? a)       b)       c)       d)       52.Which of the following accurately represents the cardinality for the two entities in the HR/Payroll cycle? a)       b)       c)       d)       53.Which of the following accurately represents the cardinality for the two entities in the.
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11.Concerning the creation of tables from an REA diagram, which of the following is false? a)A properly designed relational database has a table for each distinct entity in an REA diagram. b)A properly designed relational database has a table for each many-to-many relationship in an REA diagram. c)To reduce confusion, table names.
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11.An example of an event is a)employees b)customers c)sales d)cash 12.An example of a resource is a)employees b)customers c)sales d)cash 13.An example of an agent is a)customer b)sales c)cash d)inventory 14.What does the acronym REA mean? a)resources, events, agents b)resources, entities, agents c)relations, events, agents d)relations, entities, agents 15.In the REA data modeling technique, the identifiable objects that have economic value to the.
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51.Which control would be most appropriate to address the problem of inaccurate payroll processing? a)encryption b)direct deposit c)cross-footing of the payroll register d)an imprest payroll checking account 52.What is the purpose of a general ledger payroll clearing account? a)to check the accuracy and completeness of payroll recording and its allocation.
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21.The final activity in the general ledger and reporting system is the production of various managerial reports.  The report that shows planned cash inflows and outflows for each project is the a)journal voucher list. b)statement of cash flows. c)operating budget. d)capital expenditures budget. 22.Various budgets can be produced for planning.
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ESSAY 89.What is the role of "soft assets" in the new information economy?  Why has an AIS not reported on the company's human resources? 90.What factors should be considered in outsourcing payroll to a payroll service bureau?  Discuss the advantages and disadvantages of using a payroll service bureau to process a.
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31.In the human resources REA model, the relationship between the Employees and Training is a)1:1 b)1:N c)M:N d)None of the above 32.The ______ relationship between Skills and Recruiting reflects the fact that each advertisement may seek several specific skills and that, over time, there may be several advertisements for a given skill.  a)1:1 b)1:N c)M:N d)None of the.
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41.Concerning tracking employee time, it is not necessary to link the Track Time Used entity to specific business events, however, but doing so facilitates a)evaluating performance at a very detailed level b)general performance evaluation c)evaluating the quality of the services d)All of the above are true 42.An REA diagram for the production cycle, models.
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21.Since, the same inventory items may be stored in several different warehouses, hence the maximum cardinality from Inventory to Warehouses is ____ and the minimum cardinality from the Inventory resource to Warehouses may be ____. a)0; N b)N; 0 c)1; N d)M; N 22.Relationships between resources and agents, such as the Inventory Resource entity and.
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Chapter 15 MULTIPLE CHOICE 1.There are five basic stages in the database design process.  The step which includes developing the conceptual-, external-, and internal-level schema into the actual database structures is known as a)stage one. b)stage two. c)stage three.  d)stage four. 2.Accountants should be involved in __________ aspect(s) of the database design.
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ESSAY 78.Define minimum and maximum cardinalities.  79.Describe the possible relationships between entities in terms of cardinalities. 80.Comment on the statement, "Accountants can and should participate in all stages of the database design process." .
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31.The benefits of XBRL include: a)XBRL enables organizations to publish financial information only once, using standard XBRL tags. b)XBRL tagged information is interpretable and doesn't need to be re-entered by users. c)Both are benefits of XBRL d)Neither are benefits of XBRL 32.Communications technology and the Internet can be used to reduce the time and costs.
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ESSAY 74.Explain a completeness check. 75.Explain where in the REA model you can find the information normally found in a ledger. 76.Explain where in the REA model you can find the information normally found in a journal. 77.What are the advantages of the REA data model over the traditional AIS model? .
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SHORT ANSWER 70.What is data modeling? 71.What is an REA data model?  72.Name and describe the three parts of the REA data model. 73.List the five stages in the database design process. 74.Define cardinality. 75.Identify the three basic rules that apply to the REA model pattern. 76.What are the three steps in.
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31.Why is a separate payroll account used to clear payroll checks? a)for internal control purposes to help limit any exposure to loss by the company b)to make bank reconciliation easier c)banks don't like to commingle payroll and expense checks d)All of the above are correct. 32.One good way to eliminate.
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51.Adjusting entries to the general ledger are typically provided by the a)budget department. b)controller. c)treasurer. d)chief executive officer. 52.Information about financing and investing activities for use in making general ledger entries is typically provided by the a)budget department. b)controller. c)treasurer. d)chief executive officer. 53.Which one of the following four general ledger activities is not concerned with the preparation of traditional.
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11.The first step in the payroll process is to a)calculate gross pay. b)update the payroll master file. c)input time card data. d)print paychecks. 12.The payroll master file is updated with a)new hire and termination data. b)changes in pay rates and discretionary withholdings. c)changes in time card data. d)A and B.
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SHORT ANSWER 70.What is a general ledger and reporting system? 71.What are the four basic activities involved in the general ledger and reporting system? 72.What is a journal voucher file?  What is the purpose of this file? 73.What is responsibility accounting? 74.How is a balanced scorecard used to assess organizational performance?.
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21.A manufacturing company is likely to use __________ to collect employee time data for payroll and job time. a)badge readers b)supervisor's entries c)preprinted time cards d)retina scanning 22.These are used to transmit time and attendance data directly to the payroll processing system. a)Badge readers b)Electronic time clocks c)Magnetic cards d)None of the above 23.Payroll deductions.
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SHORT ANSWER 69.What kinds of databases can the REA data model be used to design? 70.In order to integrate separate REA diagrams into an integrated organizational REA model, what must the designer understand? 71.List the five rules for drawing integrated REA diagrams. 72.What is a concatenated key? 73.What are the three steps to implementing an.
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61.Which of the following accurately represents the cardinality for the two entities in the HR/Payroll cycle? a)       b)       c)       d)       62.Which of the following accurately represents the cardinality for the two entities in the HR/Payroll cycle? a)       b)       c)       d)       63.Which of the following accurately represents the cardinality for the two entities.
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Chapter 14 MULTIPLE CHOICE 1.The general ledger and reporting system consists of the __________ involved in __________ the general ledger and __________ reports. a)business transactions; updating; processing b)data processing; business transactions for; printing c)information processing; updating; creating d)business transactions; data processing; preparing 2.Which item below is not considered a major input to.
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21.Which of the following is not part of a "final accuracy check" when creating relational tables from an REA diagram? a)Every attribute in every table is single-valued (i.e., each table is a flat file). b)Every event must be linked to at least one resource. c)Every table must have a primary key. d)Other non-key attributes.
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CH 18 MULTIPLE CHOICE 1.Organizations continually face the need for new, faster, and more reliable ways of obtaining information.  One reason why companies change their systems is to increase quality, quantity, and the speed with which information can be accessed and processed.  Such an improvement may result in an improved product or.
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Chapter 17 MULTIPLE CHOICE 1.Explicitly identifying the different employees who participate in each event by their job functions is helpful when verifying a)Internal controls. b)Job descriptions. c)Proper supervision. d)Segregation of duties. 2.Many companies sell software, music, or digital photographs over the Internet. They give up a digital copy of those resources, but not the actual resource.
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41.How many types of relationships are possible between entities? a)one b)two c)three d)an infinite number 42.A one-to-many relationship exists between entities when the maximum cardinality of one entity is __________ and the maximum cardinality for the other entity in that relationship is __________. a)1; 1 b)1; N  c)M; N d)M;.
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21.The REA data model supports both __________ and __________ types of data. a)financial; nonfinancial b)logical; physical c)planning; control d)traditional; nontraditional 22.Nonfinancial information should be collected because a)it may indicate events that may affect resources. b)it can be used to plan other activities. c)it can be used in transaction processing. d)both.
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