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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.benchmarking 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.benchmarking 3.Which of the following functions can not be outsourced? a.accounting b.legal c.data processing d.all of these functions.
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41.Systems operation includes the 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 systems implementation, both the new and old systems operate.
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MULTIPLE CHOICE 1.Which of the following is not one key characteristics of companies that are successful at managing the pressures resulting from global complexity according to the Deloitte Touche report? a.improved internal business processes in the areas of customers, products, and supply chains b.better use of technology to increase integration within and among.
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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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21.Which of the following is a statement of specific production goals developed from forecasts of demand, actual sales orders, or inventory information? a.a master production schedule (MPS) b.materials requirements planning (MRP) c.shop floor control (SFC) d.just-in-time (JIT) manufacturing 22.The objectives of just-in-time (JIT) manufacturing usually include all of the following except: a.large lot sizes b.zero defects c.zero setup.
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COMPLETION 1.The ________________________________________ is an interacting structure of people, equipment, methods, and controls that is designed to accomplish both operations and information system functions with the purpose of generating accounting and other reports. 2.The ______________________________ comprises accumulating, classifying, and recording data, fueling the financial reporting, business reporting, and other reporting subsystems. 3.The ______________________________.
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Chapter 1 Introduction to Business Combinations and the Conceptual Framework Multiple Choice Stock given as consideration for a business combination is valued at fair market value par value historical cost None of the above Which of the following situations best describes a business combination to be accounted for as a statutory merger? Both companies in a combination continue.
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COMPLETION 1.____________________ is the assignment of an internal function to an outside vendor. 2.A(n)_________________________________ offers a traditional outsourcing mechanism whereby it hosts, manages, and provides access to application software and hardware over the Internet to multiple customers. 3.The purpose of the Information System Development ____________________ phase is to develop specifications for a new.
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11.A problem has a(n) ____________________ feasible solution if it can be solved with existing technology. 12.If the payback and internal rate of return estimates are sufficient to allow the development project to proceed it is said to have ____________________ feasibility. 13.___________________________________ reflects a set of procedures conducted to generate the specifications for.
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51.A user-directed test of the complete system in a test environment is called a(n) ____________________ test. 52.The ____________________ test runs a subset of the system in the actual production environment. 53.The ___________________________________ is an examination of a working system, conducted soon after the system's implementation. 54.______________________________ is the modification of existing applications. 55.____________________ maintenance.
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11.A journal voucher is an internal source document used to notify the GL  to make an accounting entry. 12.The general ledger master data contains summarized information of all of an organization’s business event data. 13.The source code field of each GL entry provides a beginning point of reference for developing a proper.
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31.The logical specification items might include all of the following except: a.executive summary b.application description c.information requirements d.budget and schedule 32.The physical requirements of a proposed system would include all of the following except: a.functional layouts for computer inquiry screens and reports b.executive summary c.processing response time requirements d.amount of data to be stored 33.Structured systems design is to.
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11.In which role might the accountant types help meet the organization’s AIS needs by selecting the final system for purchase? a.consultant b.internal auditor c.external auditor d.none of the above 12.Outputs of the systems analysis phase of development typically would include all of the following except: a.requests for proposal (RFPs) for software/hardware acquisition b.the logical specifications for the.
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COMPLETION 1.____________________ systems facilitate the integration of all aspects of product design, manufacturing and marketing. 2.________________________________are ERP modules or enterprise systems add-ons that organize data by product, including designs, manufacturing specifications, quality, and warranty performance. 3._________________________ is the time it takes from when authorization is made for goods to be produced to when.
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51.As presented in this text, systems operation comprises two steps--namely, ____ and ____. a.systems implementation, systems maintenance b.systems maintenance, post-implementation review c.systems implementation, post-implementation review d.systems design, systems implementation 52.A building inspection shortly after completing the construction of an industrial park is analogous to the ____ step in the systems development process. a.systems implementation b.systems maintenance c.post-implementation review d.systems.
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31.A computer system's ____________________ is the quantity of work performed in a period of time. 32.A(n) ____________________ is a representative user workload, processed on each vendor's proposed system configuration, to obtain comparative throughput measures. 33.Interviews that are conducted with personnel outside the organization are called ______________________________. 34.The ________________________________________ documents the system design and.
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Short Answer 1.Estimating the value of goodwill to be included in an offering price can be done under several alternative methods.  The excess earnings approach is frequently used. Identify the steps used in this approach to estimate goodwill. 2.The two alternative views of consolidated financial statements are the parent company concept and.
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71.Which of the following statements regarding systems maintenance is false? a.It should include analysis, cost/benefit study, design, implementation, and approvals for each development step. b.To ensure that all necessary maintenance requests are submitted, users should never be charged for maintenance costs. c.A formal procedure for submitting change requests should be adopted. d.High-quality documentation must.
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3.       TB Figure 15.5 displays a Level 0 DFD – Cost Accounting: Variance Analysis.  Match the items in the following alphabetical list to the missing items (A – J) in the diagram. Budgets master data 6.  Employee/payroll master data Close manufacturing orders 7.  General ledger process Compute MOH variances 8.  GL standard costs.
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Under the economic unit concept, noncontrolling interest in net assets is treated as a liability. an asset. stockholders' equity. an expense. The parent company concept adjusts subsidiary net asset values for the differences between cost and fair value. differences between cost and book value. total fair value implied by the price paid by the parent. total cost implied by.
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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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21.The following is a jumbled list of the four steps in systems analysis that were presented in the text: I.Define the future logical system. II.Document the current logical system. III.Study the current physical system. IV.Design the future physical system. Which of the following is the logically correct sequence of steps? a.II, IV, I, III b.III, II, I,.
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Problems 1-1Perkins Company is considering the acquisition of Barkley, Inc.  To assess the amount it might be willing to pay, Perkins makes the following computations and assumptions. A.Barkley, Inc. has identifiable assets with a total fair value of $6,000,000 and liabilities of $3,700,000.  The assets include office equipment with a fair value.
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61.The following picture from the text illustrates the ____ approach to systems implementation: a.parallel b.direct c.modular d.indirect 62.Which of the following statements regarding the modular approach is false? a.It is also referred to as the phased approach. b.It can be combined with the parallel or the direct approach. c.It is always a faster approach than parallel. d.It can combine.
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When a new corporation is formed to acquire two or more other corporations and the acquired corporations cease to exist as separate legal entities, the result is a statutory acquisition. combination. consolidation. merger. The excess of the amount offered in an acquisition over the prior stock price of the acquired firm is the bonus. goodwill. implied offering price. takeover.
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PROBLEMS 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 TB Figure 17.1.  TB Figure TB 17.2 is reproduced from Chapter 17 and shows three possible system implementation approaches. Required: Demonstrate.
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21.Computer-aided manufacturing (CAM) is the application of computer and communications technology to improve productivity by linking computer numerical control (CNC) machines, monitoring production, and providing automatic feedback to control operations. 22.Computer-aided process planning (CAPP) is an automated decision support system that generates manufacturing operations instructions and routings based on information about.
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11.The computer technology application that automates the product design process, including but not limited to the functions of geometric modeling, materials stress and strain analysis, drafting, storing product specifications, and mechanical simulation of a product's performance, is called ____________________________________________________________. 12.The ________________________________________ is a statement of specific production goals developed from forecasts.
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11.A(n) ______________________________ is an internal source document used to notify the general ledger to make an accounting entry. 12.The ___________________________________ data contains summarized information of all an organization’s business event data. 13.The source code field of each GL entry provides a beginning point of reference for developing a proper _____________________. 14.Consider the GL.
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11.Which of the following statements is false? a.With the pull approach to manufacturing, factory machinery typically is arranged in factory cells. b.The pull approach to manufacturing should lead to reduced work in process and finished goods inventories. c.The pull approach to manufacturing should lead to shorter production runs. d.Enterprise resource planning (ERP) employs a.
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MULTIPLE CHOICE 1.The general ledger process comprises all of the following except: a.providing information for financial reporting b.serving the needs of managerial reporting c.classifying data by general ledger accounts d.ensuring that the external financial statements conform to GAAP 2.The business reporting process comprises all of the following except: a.preparing general purpose external financial statements b.generating ad hoc and.
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41.The direct approach is also known as the _________________________ or _________________________ approach. 42.The ____________________ approach forces the users to learn the new system without the old system to fall back on. 43.The ____________________ approach is also referred to as the phased approach. 44.As a(n) ____________________, the accountant could be the person who initiates.
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ESSAY QUESTIONS 1.Discuss the following components of the balanced scorecard: (1) financial (2) internal business processes (3) customers (4) innovation and improvement activities 2.The important information services functions of the GL/BR process emphasized in chapter 16 included two categories: (1) general ledger activities and (2) other business reporting. Briefly discuss what comprises the general ledger (GL).
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PROBLEMS 1.       (TB Figure 15.1 Bubble 1.0) Consistent with the value chain concept, the IPP begins with the design of the product and production processes. Activity based costing can be used to develop estimates of the future cost of producing new products as well as potential cost changes from product or.
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21.In a logical DFD for the general ledger/business reporting (GL/BR) process, which of the following processes normally would not update the general ledger master data? a.Record budget. b.Post events data. c.Record adjustments. d.Prepare financial statements. 22.The general ledger master data does not contain: a.adjusting entry data b.customer number c.totals extracted by event type from business event data d.a chart.
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TRUE/FALSE 1.The GL/BR process is an interacting structure of people, equipment, methods, and controls that is designed to accomplish both operations and information system functions. 2.The business reporting process comprises accumulating, classifying, and recording data, fueling the financial reporting, business reporting, and other reporting subsystems. 3.The general ledger process is concerned with preparing.
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TRUE/FALSE 1.A rapidly developing segment of the outsourcing market is the application service provider which are similar to service bureaus and provide services via Web browsers over public networks. 2.The purpose of AIS selection is to develop specifications for a new AIS. 3.The purpose of AIS implementation is to successfully switch from the.
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21.A(n) ____________________ cost is one that cannot be reasonably quantified, such as productivity losses caused by low employee morale. 22._________________________ are incurred only once to get the system operational. 23.A(n) ____________________ benefit is one that is directly attributable to the system or the system change, such as reduced personnel costs. 24.____________________ benefits are.
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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.Specific reports and other documentation, called process documents, must be produced periodically during systems development to make development personnel accountable for faithful execution of systems development tasks 13.Within the characteristics.
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41.Which of the following statement regarding use of a service bureau is false? a.a service bureau provides information processing services b.a service bureau is more expensive than using an in-house computer c.a service bureau can provide both hardware and software for a fee d.a service bureau contract generally include company involvement with the system. 42.Which.
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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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11.GAAP based financial statements are sent by: a.the controller b.the treasurer c.the financial reporting officer d.the business reporting department 12.Which person has responsibilities similar to those of the financial reporting officer? a.Controller b.Treasurer c.managerial reporting officer d.internal auditor 13.Adjusted trial balance figures are usually sent from the business reporting department to the: a.the financial reporting officer b.the managerial reporting officer c.the business reporting.
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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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1-3Pope Company acquired an 80% interest in the common stock of Simon Company for $1,540,000 on July 1, 2011.  Simon Company's stockholders' equity on that date consisted of: Common stock$800,000 Other contributed capital400,000 Retained earnings330,000 Required: Compute the total noncontrolling interest to be reported in the consolidated balance sheet assuming the: (1)parent company concept. (2)economic.
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21.___________________________________ is an automated decision support system that generates manufacturing operations instructions and routings based on information about machining requirements and machine capabilities. 22.A(n) _____________________________________________ is a computer-based cart capable of delivering parts and tools among multiple work centers. 23.A(n) _____________________________________________ is a computer-controlled machine that stores and retrieves parts and tools. 24.The.
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