Info
Warning
Danger

Study Resources (Accounting)

68.Annie and Ray were having a conversation about business process management; several statements from that conversation are listed below:a. A weekly e-mail to all employees will help everyone stay informed about our progress.b. I know a great consultant who can help us out; that way, we won't have to bother.
5 Views
View Answer
21.Consider the following flowchart symbols as necessary as you respond to the remaining questions in this chapter:Symbol A depicts: A.A decision. B.A terminator. C.A document. D.A predefined process. 22.Consider the following flowchart symbols as necessary as you respond to the remaining questions in this chapter:Symbol C depicts: A.An off-page connector. B.An on-page connector. C.A manual process. D.A database. 23.Consider the.
6 Views
View Answer
70.Nancy talked to two friends who had recently worked on developing enterprise risk management plans; one project was successful, but the other was not. Determine which statements in the list below were associated with the successful project; then, identify the element of the COSO enterprise risk management framework that most.
6 Views
View Answer
31.A properly prepared systems flowchart can be used to: A.Evaluate internal controls in the AIS. B.Determine which processes are completed manually in the AIS. C.Both evaluate internal controls in the AIS and determine which processes are completed manually in the AIS. D.Neither evaluate internal controls in the AIS nor determine which processes are completed.
8 Views
View Answer
69.IRM Corporation had an outdated, ineffective system for monitoring its fixed assets. You have been asked by the CEO to develop a new system; you have decided to use the systems development life cycle to accomplish the task. For each fixed asset, the system should include the following items: identification.
7 Views
View Answer
Essay Questions 65.Sylla and Wen suggested a three-stage process for evaluating information technology investments. At which step in their process would you expect to address each of the following items?a. Ability to do things more efficientlyb. Better use of organizational resourcesc. Encouragement from top managementd. Fire suppression systemse. Impact on a.
6 Views
View Answer
65.Refer to the previously presented set of flowcharting symbols labeled Symbol A through Symbol J. Which symbol would be used in a systems flowchart to represent each of the following items?1) A bank statement2) Completing the steps in the accounting cycle3) Creating an enterprise risk management plan4) Determining if a.
5 Views
View Answer
Multiple Choice Questions: 1.COSO's Enterprise Risk Management—Integrated Framework comprises all the following sections except: A.Brown's risk taxonomy B.Objective setting C.Event identification D.Monitoring 2.In the COSO enterprise risk management framework, an organization's overall tone relates most closely to: A.Internal environment B.Objective setting C.Event identification D.Monitoring 3.The COSO enterprise risk management framework comprises eight sections, one of which is objective setting. COSO identified.
21 Views
View Answer
Ranking Questions61.The steps in the generalized model of business process management discussed in the text are listed below. In the space provided, number them in the correct order.Analyze the collected data Optimize the process Collect process-related data Select the process and define its boundaries Implement and monitor process improvements Observe, document and map the process.
7 Views
View Answer
51.Consider the following partially completed flowchart as you respond to the questions:Which type of flowchart is depicted? A.document B.systems C.hardware D.program 52.Consider the following partially completed flowchart as you respond to the questions:Which of the following phrases would appear in the title of the flowchart: (i) systems flowchart, (ii) interview committee flowchart, (iii) prepared by. A.i.
62 Views
View Answer
31.Please refer to the following case as you answer the question:Comprehensive Waste Management (CWM) provides trash hauling services for several communities in southern California. When a new client wants to establish service, the client calls the company's main office on the phone. A CWM employee collects the following information from.
6 Views
View Answer
63.The chapter discussed four types of flowcharts. Which one would be most appropriately used in each of the following independent situations?a. Demonstrating how to create a procedures manualb. Explaining what happens in a financial statement auditc. Illustrating the steps in the accounting cycled. Showing the relationship between computers and printers.
8 Views
View Answer
66.Which element of expectancy theory is illustrated by each of the following statements?1. After changing his major from finance to accounting, Andy planned a schedule that would allow him to finish his degree in four years.2. Anh's suggestions for business process improvements often result in changes at her company.3. Erin.
6 Views
View Answer
51.Consider the following illustration as you respond to the questions:The illustration would best be described as: A.a pair of systems flowcharts B.a leveled set of data flow diagrams C.a comprehensive set of data flow diagrams D.two pages of a systems flowchart 52.Consider the following illustration as you respond to the questions:"Diagram X" is: A.A context flowchart B.A.
11 Views
View Answer
51.Consider the table below as you respond to the questions:QRM is using the seven-step process known as the ___ to develop the modules. A.systems development life cycle B.capability maturity model C.expectancy theory of human motivation D.generalized model of business process management 52.Consider the table below as you respond to the questions:Which of the following is.
6 Views
View Answer
31.According to expectancy theory, motivation is determined by three factors. Which of the following is not one of the three factors? A.Energy B.Expectancy C.Valence D.Instrumentality 32.Which of the following formulas explains motivation using expectancy theory? A.Energy X Valence X Instrumentality B.Expectancy + Valence + Instrumentality C.Expectancy X Valence + Instrumentality D.Expectancy X Valence X Instrumentality 33.Because of the relationship between.
6 Views
View Answer
11.Which of the following statements best represents a disadvantage of using the systems development life cycle? A.It is the only methodology available for systems design projects. B.Its steps should be completed in a very specific order. C.It minimizes user involvement in the system. D.All of these are disadvantages of the SDLC. 12.Which of the following.
10 Views
View Answer
Essay Questions62.Joe talked to two friends who had recently worked on different business process management projects; one project was successful, but the other was not. Several actions taken in each project are listed below. Based on the generalized model of BPM discussed in the text, determine which actions were associated.
5 Views
View Answer
Multiple Choice Questions: 1.Which kind of flowchart shows the logic associated with instructions given to a computer? A.Systems B.Program C.Document D.Hardware 2.Which kind of flowchart shows relationships between computers, printers, monitors and similar devices? A.Systems B.Program C.Document D.Hardware 3.Which of the following is most likely to be seen in a hardware flowchart? A.Scanner B.Web browser C.Textbook D.None of these 4.Which of the following would best be.
12 Views
View Answer
68.Please refer to the following flowchart as you respond to the next problem: 69.Prepare a systems flowchart based on the following case: The Celebration Theatre is a small, independent theatre that puts on 12 plays per year. 30 days before the start of each calendar quarter, Celebration prepares advertising for the.
7 Views
View Answer
Short Answer Questions 71.List the four macro- and four micro-level factors managers should consider when they select information technology resources based on the discussion in the text. 72.In your own words, explain the purpose of the capability maturity model. List the levels of the model, and explain each one in your own.
6 Views
View Answer
31.Liam has developed a good process for safeguarding his company's information technology assets. He has talked about his methodology with some of his co-workers and has created a schedule for applying his process to various kinds of information technology assets. Which of the following phrases best indicates the process is.
6 Views
View Answer
66.The chapter discussed four types of flowcharts; flowcharts can impact the design, implementation and evaluation of an accounting information system. Determine whether each statement below is: (i) always true, (ii) sometimes true or (iii) never true.a. A document flowchart should be used as part of developing an enterprise risk management.
8 Views
View Answer
41.Please consider these independent cases as you respond to the question:• Austin is the managing partner of a small CPA firm. In an effort to standardize certain internal business processes, Austin formed a team that developed a set of guidelines for tasks such as expense reimbursements and information technology purchases..
8 Views
View Answer
67.Which level of the capability maturity model best describes each of the following business processes?a. After consulting the company procedures manual and her supervisor for guidance, Lindsay developed a more detailed description of the invoice payment process.b. After developing a rigorous description of the purchase order process, Joe set a.
4 Views
View Answer
Ranking Questions 61.Arrange the steps in the systems development life cycle in their usual order of occurrence. Test Operations and maintenance Implementation Design Build Requirements analysis Initiation/planning 62.Arrange the levels of the capability maturity model in order from least mature to most mature. Optimized Managed Chaotic Repeatable Defined 5-1 .
7 Views
View Answer
64.Dreambox Creations is an Internet services firm that designs web sites, develops content management systems and recommends online marketing strategies; Dreambox has used the COSO enterprise risk management framework to develop its own ERM plan. For each statement below, identify the element of the COSO framework that most clearly applies..
6 Views
View Answer
69.COSO's Internal Control—Integrated Framework comprises five interrelated elements. List and briefly discuss each of the five elements. 70.Bumble Beasley was recently hired as a marketing manager at ATI Corporation. When approached by the accounting manager regarding the development of an internal control plan for the marketing department, Bumble said: "Internal control?.
5 Views
View Answer
21.The basic principles of business process management discussed in the text include: A.Enlist top management support. B.Make sure consultants' tasks are well defined. C.Both enlist top management support and make sure consultants' tasks are well defined. D.Neither enlist top management support nor make sure consultants' tasks are well defined. 22.The basic principles of business process.
10 Views
View Answer
Essay Questions 61.Fill in the blanks in each statement below based on the flowchart design considerations discussed in the text.a. Flowcharts should be read from _____ and ______.b. Flowcharts should have plenty of ______.c. Flowcharts should have a ______.d. Flowcharts should be organized in columns that depict ______.e. Documents involved in.
9 Views
View Answer
11.___ comprises seven interrelated elements. A.The COSO enterprise risk management framework B.The generalized model of business process management C.Expectancy theory D.All of these 12.Which of the following steps occurs first in the generalized model of business process management discussed in the text? A.Analyze collected data. B.Collect process-related data. C.Optimize the process. D.Select the process and define its boundaries. 13.Laurie and.
12 Views
View Answer
Short Answer Questions 71.List the six design principles associated with flowcharting discussed in the text. 72.Consider the process you use to register for courses and pay your fees each term. Referring to the previously presented set of flowcharting symbols labeled Symbol A through Symbol J., give one specific example of Symbols A,.
9 Views
View Answer
Multiple Choice Questions: 1.A circle in a data flow diagram represents: A.A data flow B.An external entity C.A database D.A business process 2.A line in a data flow diagram represents: A.A data flow B.An external entity C.A database D.A business process 3.Which of the following is most likely to be represented with a set of parallel lines in a data flow.
12 Views
View Answer
74.Explain how Brown's risk taxonomy, discussed in the chapter on internal control, relates to COSO's enterprise risk management framework. You do not need to list the elements of Brown's taxonomy. 75.Tim graduated from college three years ago, and recently has been promoted to a management position at a local charitable organization..
7 Views
View Answer
Multiple Choice Questions 1.In the systems development life cycle, which step immediately precedes implementation? A.Build B.Test C.Maintain D.Planning 2.In the systems development life cycle, which step immediately follows requirements analysis? A.Design B.Build C.Test D.Operate 3.MCL Corporation recently hired a consultant to design and implement a new information system. The consultant was trying to decide whether to discard the old system all.
20 Views
View Answer
Check All That Apply Questions 64.Indicate which of the following items are advantages of using the systems development life cycle to design and implement an accounting information system. __Always has the same set of seven steps __Does not allow an organization to purchase off-the-shelf software __Ensures an organization's process is at least "defined" using.
5 Views
View Answer
63.Nancy and Mei were designing a system for tracking continuing professional education units for accountants in their firm. They completed the tasks listed below; rearrange the tasks in the proper order based on the steps in the systems development life cycle. The new system was introduced gradually throughout the accounting department. Employees.
6 Views
View Answer
11.Flowcharts should be read: A.From top to bottom and from left to right B.From bottom to top and from left to right C.From top to bottom and from right to left D.From bottom to top and right to left 12.Documents in a flowchart should have: A.A clear origin, but not a clear termination B.A clear termination, but.
14 Views
View Answer
Short Answer Questions 71.List and discuss three basic principles of business process management. 72.Pearl had been asked by her boss to develop a new way to process expense reimbursements in her company. In your own words, list and discuss the steps Pearl should take to accomplish her task. 73.Nestor and Maureen are partners.
6 Views
View Answer
41.Booksellers of Bufluffia is a small, independent bookstore that both publishes and sells very specialized titles. They currently have about 50 clients; they publish and sell 30 different books at present. The company's management has asked you to create database tables to support their operations. Which table(s) should be in.
4 Views
View Answer
67.Carlos is the vice president of finance at PLP Corporation. When he joined the company five years ago, the finance division was organized in two departments: operating transactions and non-operating transactions. Each department had two employees and a manager. The operating transactions department handled all aspects of transactions dealing with.
10 Views
View Answer
41.Leigh is a corporate accounting manager with six employees reporting to her. Most of the employees do good work, but one of them consistently lacks motivation. Which of the following tools should Leigh use to address the problem? A.COSO's enterprise risk management framework B.Generalized model of business process management C.Basic principles of business.
6 Views
View Answer
69.Expectancy theory suggests that three variables contribute to motivation. Consider the questions listed below. For each one, identify the variable that most clearly applies.a. Can I be assured of a pay raise once I pass the CPA exam?b. Do I really want this promotion?c. How badly do I want the.
5 Views
View Answer
11.Which of the following statements about systems flowcharts and data flow diagrams is most true? A.Lines are used in both, but they represent different things. B.Circles are used in both, but they represent different things. C.Both lines are used in both, but they represent different things and circles are used in both, but.
6 Views
View Answer
51."Control activities" are one element of the COSO ERM framework. To develop control activities, organizations may need to apply: (i) the FASB Conceptual Framework, (ii) expectancy theory, (iii) the generalized model of business process management. A.(i) and (ii) only B.(ii) and (iii) only C.(i) and (iii) only D.(i), (ii) and (iii) 52.Consider the following table.
8 Views
View Answer