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Multiple Choice Questions 1. Which business process is principally concerned with production? a.Conversion.b.Financing.c.Human resource.d.Acquisition/payment. 2.  Which business process is principally concerned with the debt and equity sections of a balance sheet? a.Conversion.b.Financing.c.Human resource.d.Sales/collection. 3.  Which business process is principally concerned with issues like coordinating benefits and evaluating performance? a.Conversion.b.Financing.c.Human resource.d.Acquisition/payment. 4.  Which type of costing system measures.
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58. Conditions for successful ERP implementation Several common problems associated with ERP implementation are listed below on the left; the conditions necessary for a successful implementation are listed on the right. Match each problem with the one condition that would best address it. ______ 1. A retail firm adopts software that.
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60. ERP modules Most ERP systems are made up of four common modules. Which module would contain each of the tables described below? ______ a. Chart of accounts.______ b. Common carrier contacts.______ c. Employee degrees and certifications.______ d. General ledger account balances.______ e. Performance evaluation and promotion history.______ f. Personal pension.
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56. Internal controls Several potential problems in the sales/collection process are listed below. In the space provided, indicate one internal control that would prevent/detect/correct the problem; do not use the same internal control more than once ______ 1.  A burglar takes cash while the office is closed______ 2.  A customer is.
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31. Compared to traditional business, e-business can help organizations streamline operations in which parts of Porter's value chain: (i) primary activities, (ii) support activities. a.i only.b.ii only.c.Both i and ii.d.Neither i nor ii. 32. One of the costs associated with e-business is customer distrust. Which of the following internal controls would most.
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52.  Porter's value chain Match each description on the left with the value chain element it most clearly describes. 1.  Compensating employees2.  Hardware and software to support value-creating activities3.  Identifying customer needs4.  Maintaining a strong organizational culture5.  Purchasing supplies, equipment and raw material for use in operations6.  Sending raw materials from.
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64.  Together, Lance and you identified the following risks for GBT: clients fail to keep appointments, appointments are recorded incorrectly in the database and therapists are late or absent. Identify two internal controls that would address each risk. 65.  Create a form GBT's receptionist could use to enter a customer order.
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Multiple Choice Questions 1.  In Porter's value chain, all of the following are primary activities except: a.Information technology.b.Service.c.Inbound logistics.d.Marketing and sales. 2. Which of the following is a primary activity in Porter's value chain? a.Procurement.b.Information technology.c.Outbound logistics.d.Infrastructure. 3.Porter's value chain comprises ___ activities and ___ activities. a.Sales, procurement.b.Sales, collection.c.Primary, secondary.d.Primary, support. 4.   In Porter's value chain, receiving.
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57. Causes of ERP implementation failure: Fill in the blanks below with appropriate words or phrases to identify the common causes of ERP implementation failure discussed in the text. a. ______in the system.b. A bad match between ______and ______.c. Automating ______in the new system.d. ERP implementation viewed as ______.e. Inadequate.
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21. The shipping department utilizes all of the following documents except: a.Customer order.b.Picking list.c.Packing list.d.Bill of lading. 22. As part of the sales/collection process, a ___ typically originates inside an organization but does not remain there. a.Bill of lading.b.Customer order.c.Picking list.d.Write-off document. 23. Which of the following sales/collection documents typically originates outside the organization? a.Customer.
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Multiple Choice Questions 1. The acquisition/payment process begins by: a.Choosing a software package.b.Pre-numbering purchase orders.c.Establishing an economic order quantity for each inventory item.d.Requesting goods and services based on monitored need. 2.  The second step in the acquisition/payment process: a.Promotes good internal control.b.Ensures that no fraud can happen in the process.c.Does not involve information technology.d.Establishes.
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59. Forms of e-business Which e-business classification described in the text most clearly applies to each independent description below? ______ 1. Ashok completes an online application so his company can obtain a federal Small Business               Administration loan.______ 2. Barb buys birthday gifts online for her business clients.______ 3. Burke finds.
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The following graphic applies to Questions 42 through 44: 42. If the partial data flow diagram above represents a portion of the sales/collection process, Symbol A could refer to: a.Take customer order.b.Customer.c.A remittance advice.d.Any of the above. 43. If the partial data flow diagram above represents a portion of the sales/collection process, Symbol.
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Short answer The following paragraph and flowchart apply to Questions 67 – 72: The United States Agency for International Development (USAID) is an actual federal agency which assists businesses and individuals in foreign countries with economic growth and other matters. Foreign entities submit online proposals which are reviewed and funded based on.
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31. RFID is: (i) a form of internal control, (ii) a document used in the acquisition/payment process. a.i only.b.ii only.c.Both i and ii.d.Neither i nor ii. 32.  In the acquisition/payment process, bar coding can be most effectively used to: a.Pay vendors online.b.Eliminate the need for RFId.c.Prevent the theft of inventory.d.Monitor inventory levels. 33. A.
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11. Which of the following steps in the sales/collection process occurs first? a.Bill the customer.b.Collect payment.c.Ship the product.d.Approve credit. 12. Which of the following steps in the sales/collection process occurs last? a.Bill the customer.b.Collect payment.c.Ship the product.d.Approve credit. 13. In a company that sells goods and services on credit, which of the following steps.
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60.  Acquisition/payment process documentation  The A. Gary Anderson Graduate School of Management (AGSM) at the University of California, Riverside periodically needs to hire part-time faculty for certain courses. The department chair of Accounting and Information Systems identifies the courses each term, and sends an e-mail to other local universities. Candidates.
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11. In a well organized acquisition/payment process, the purchasing department handles: (i) purchase orders, (ii) purchase requisitions, (iii) vendor invoices. a.i and ii only.b.ii and iii only.c.i and iii only.d.i, ii and iii. 12. In a well organized acquisition/payment process, the vendor handles: (i) purchase orders, (ii) invoices, (iii) checks. a.i and ii.
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The following scenario applies to Questions 21 through 30: Hall's Office Supplies is a small store in a rural area of the United States; Ian Hall is the owner. The store also employs three purchasing agents and an accountant. While the purchasing agents handle day-to-day inventory purchases, Ian makes all large.
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Problems 51.Sales/collection process: Fill in the blanks below according to the purpose of and steps in the sales/collection process. a. The fundamental purpose of the sales/collection process is to ______ ______ and ______ to               clients and to ______ ______ from them.b. Take a customer's ______.c. Process ______ ______ as necessary.d..
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55. Documents Several actions from the sales/collection process are listed below. Write the name of the sales/collection process document that most clearly applies to each item. If no document applies, write "none." ______ 1.  Accounting department journalizes cash receipt______ 2.  Billing department requests client payment______ 3.  Cash receipts clerk sends receipts.
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57. Database design for the acquisition/payment process Several fields that might appear in a database for the acquisition/payment process are listed below. Indicate which field(s) would appear in the tables listed. a. Account balance.b. Business address.c. Date.d. Employee Id.e. Freight terms.f. Inventory item number.g. Quantity currently on hand.h. Quantity ordered.i. Total.
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The following scenario applies to Questions 46 through 50: Hall's Office Supplies is a small store in a rural area of the United States; Ian Hall is the owner. The store also employs three purchasing agents and an accountant. While the purchasing agents handle day-to-day inventory purchases, Ian makes all large.
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54. Internal controls Several risks associated with the acquisition/payment process are listed below on the left; potential internal controls are listed on the right. Match each risk with the control that would best address it; do not use the same control more than once. ______ 1. A cash payments clerk pays.
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Problems 56. Benefits and costs of e-business. Fill in the blanks below with appropriate words or phrases based on the benefits and costs of e-business discussed in the text. a. ______ market expansion.b. Financial costs associated with ______.c. Hard-to-reach ______.d. More ______ marketing.e. Need to develop different ______ systems.f. Potential for.
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11.  Which form accumulates data on pay rates and time spent on a specific job? a.Labor time ticket.b.Production cost report.c.Labor requisition.d.Form W-4. 12. Which of the following documents is uniquely associated with a process costing system? a.Production cost report.b.Materials requisition.c.Materials move ticket.d.Labor time ticket. 13.Which of the following forms is most closely linked to.
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31. Which of the following demonstrates the strongest internal control over the sales/collection process? a.Cash receipts clerk reconciles the bank account daily.b.A sales clerk approves customer credit for each transaction.c.Invoices are compared to packing lists.d.Remittance advices are sequentially numbered. 32. Which of the following internal control processes would most likely be completed.
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Short answer The following scenario and data flow diagram apply to Questions 61 through 65: Rochelle was a new employee at CPP Corporation. To her dismay, she arrived in her office to find no furniture, no telephone and no computer. When she asked her supervisor what had happened, he said: "The purchasing.
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70. The text identified ten common problems that often contribute to ERP implementation failure. Distinguish them as primarily related to: (a) problems with people, (b) problems with planning or (c) problems with software. 71. The text discussed four common modules in most ERP systems. Suggest and describe an additional module Aqualand.
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Short answer The following scenario applies to Questions 61 – 65 Lance is the owner of GBT Company, a day spa in northern California.  GBT’s services include facials, massage, body wraps and other treatments.  Clients call GBT and schedule appointments with a receptionist; data gathered includes the client’s name, treatment(s) desired and.
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53. Sales/collection steps LCM Corporation completes the steps listed below in its sales/collection process. Number them according to the order in which they should occur; if an item is not part of the sales/collection process; mark it with an "X." a. Customer remits cash to LCMb. Customers complete an online form.
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63. Causes of ERP implementation failure Doug, Angela and Sunny were discussing their company's recent ERP implementation; an excerpt from their conversation appears below. In the space provided, identify five phrases from the conversation that exemplify one or more of the common causes of ERP implementation failure discussed in the.
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53.  Acquisition/payment process documents Several information items that might appear on acquisition/payment documents are listed below on the left; the document names are listed on the right. For each information item, indicate the document(s) on which it would likely appear. ______ 1. counts to debit/credit.______ 2. Cash discount terms.______ 3. Condition.
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Problems 51. Acquisition/payment process steps The steps in the acquisition/payment process appear below. Number them in the order of their occurrence. If an item is not part of the acquisition/payment process, mark it with an "X." a. ______ Authorize a purchase.b. ______ Copy and file purchase orders.c. ______ Disburse cash.d. ______ Make.
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54. Flowchart symbols Several flowchart symbols are listed below on the right; possible descriptions of each are listed on the left. Match each item on the left with the most appropriate item on the right. Do not use any symbol more than once 1.  Begin process 2.  Cash register tape 3.  Choose column.
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58. Sales/collection steps and Porter's value chain GBP Corporation completes the listed below in its sales/collection process. In the first column, indicate the order in which the steps should be performed. In the second column, indicate the value chain element that most clearly applies to each step. The following scenario applies.
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The following paragraph applies to Questions 45 through 50: The San Gabriel Valley chapter of the Institute of Management Accountants sponsors four computer seminars each year: Access, Excel, PowerPoint and QuickBooks. Participants can sign up for any or all of the seminars; pricing varies with the number of seminars and with.
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The following partial data flow diagram of the acquisition/payment process applies to Questions 42 through 45: 42.  In the partial data flow diagram above, symbol "A" could represent: a.The vendor database.b.A purchase order.c.The accounting department.d.Making a journal entry. 43.  In the partial data flow diagram above, symbol "B" could represent: a.Preparing a purchase order.b.Updating.
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21. STR Corporation has created a "shareholder data" table for use in its financing process. Which of the following fields would least likely be included in the table? a.Number of shares currently owned.b.Date of first stock purchase.c.Shareholder birthday.d.Number of shares for first stock purchase. 22. Shareholder identification data would be least relevant.
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