x
Info
x
Warning
x
Danger

Accounting Expert Answers & Study Resources : Page 225

The vast field of accounting contributes to one of the largest subjects in our study resources. Accounting flashcards, homework answers for textbooks & other learning aids can increase your competency in this domain instantly. Become a top student with our support. Search Now…

Expert Answers

Ask an Expert

Our Experts can answer your tough homework and study questions.

Answers in as fast as 15 minutes
Post a Question
150245 Resources
0 Students Benefited

  1) Auditing activities undertaken during substantive testing of account balances can be described as "auditing through the computer." 2) The external auditor serves the firm's stockbrokers, the government, and the general public. 3) Total audit cost is increased significantly when some audit resources are directed at reviewing and verifying the internal controls.

Homework Answers
23 Views
  •   1) Auditing activities undertaken during substantive testing of account balances
  • Accounting
Homework Answers
View Answer

100) Information systems application audits differ from information systems audits because application audits A) are divided into four general areas, each of which has three phases. B) involve reviewing input, processing, and output controls. C) are directed at the activities of systems analysts and programmers. D) focus primarily on fact-finding in the areas selected.

Homework Answers
13 Views
  • 100) Information systems application audits differ from information systems audits
  • Accounting
Homework Answers
View Answer

90) Which of the following information system auditing technologies produces a printed audit trail of computer processing? A) Extended records B) Snapshot C) Sample audit review file D) System control audit review file 91) Tracing of a program's execution provides A) programmed edits for input data items. B) test data for subsequent processing. C) a detailed listing of.

Homework Answers
11 Views
  • 90) Which of the following information system auditing technologies produces
  • Accounting
Homework Answers
View Answer

11) ITF is a powerful information system audit technology. 12) Parallel simulation processes test data through real programs. 13) Parallel simulation is appropriate where transactions are sufficiently important to require a 100 percent audit. 14) GAS has a long history of usage because public accounting firms developed it in the 1960s. 15) Some embedded.

Homework Answers
23 Views
  • 11) ITF a powerful information system audit technology. 12) Parallel simulation
  • Accounting
Homework Answers
View Answer

60) "Auditing with the computer" A) is only performed by external auditors. B) involves activities related to compliance testing. C) is only performed by internal auditors. D) involves activities related to substantive testing of account balances. 61) "Auditing through the computer" refers to A) substantive tests. B) compliance tests. C) transaction tests. D) application control tests. 62) An interim audit A).

Homework Answers
14 Views
  • 60) "Auditing with the computer" A) only performed by external auditors. B)
  • Accounting
Homework Answers
View Answer

130) Presented below is a list of terms relating to accounting information systems, followed by definitions of those terms. Required: Match the letter next to each definition with the appropriate term. Each answer will be used only once. ________ 1. DBA ________ 2. Inheritance ________ 3. Occurrence ________ 4. Branch ________ 5. Database model ________ 6. Record ________.

Homework Answers
14 Views
  • 130) Presented below a list of terms relating to accounting
  • Accounting
Homework Answers
View Answer

40) ________ auditors commonly undertake audits that are reviewed and relied upon by ________ auditors. 41) When batch processing was the dominant method used in computerized data processing, the ________ approach provided an adequate audit. 42) A clear and obvious benefit is obtained from the ________ analysis capability provided by information technology. 43).

Homework Answers
16 Views
  • 40) ________ auditors commonly undertake audits that reviewed and relied
  • Accounting
Homework Answers
View Answer

50) ________ can be effectively used in conjunction with a test data technique. 51) Application controls are divided into ________ general areas. 52) The primary audit technique used in an information systems development audit is the review and testing of related ________. 53) Documentation governing the design, development, and implementation of application systems.

Homework Answers
15 Views
  • 50) ________ can be effectively used in conjunction with a
  • Accounting
Homework Answers
View Answer

21) Computerized accounting does the following EXCEPT: A) minimizes posting errors. B) protects the validity of data. C) coordinates posting, reporting, and the audit trail. D) makes it difficult to monitor transactions and analyze financial performance. 22) Computer hardware includes all the following EXCEPT: A) QuickBooks. B) Monitor. C) CD-Rom. D) Mouse. 23) The system software that translates user instructions.

Homework Answers
13 Views
  • 21) Computerized accounting does the following EXCEPT: A) minimizes posting errors. B)
  • Accounting
Homework Answers
View Answer

31) To use a QuickBooks backup file, select: A) File>>Open>>Restore an Existing Company>>Open a company file. B) File>>Open>>Restore an Existing Company>>Restore a backup copy. C) File>>Open>>Restore an Existing Company>>Restore a portable file. D) File>Restore an Existing Company>>. 32) To Open a portable company file created with QuickBooks select: A) File>>Open>>Restore an Existing Company>>Open a company file. B).

Homework Answers
15 Views
  • 31) To use a QuickBooks backup file, select: A) File>>Open>>Restore an
  • Accounting
Homework Answers
View Answer

117) Below are listed four procedures typically performed during an audit of accounts payable: Audit procedures: a. Test the mathematical accuracy of the accounts payable subsidiary ledger. b. Select samples of vouchers to examine in detail. c. Determine whether cash discounts were properly applied. d. Stratify accounts by value. Required: Briefly state a generalized audit software.

Homework Answers
15 Views
  • 117) Below listed four procedures typically performed during an audit
  • Accounting
Homework Answers
View Answer

31) The two tabs within the Preferences window are: A) My Preferences and Company Preferences. B) Customer Preferences and Vendor Preferences. C) Receivables Preferences and Payable Preferences. D) Reports Preferences and Graphs Preferences. 32) The tab in the Preferences window that affects all users is the: A) My Preferences. B) Report Preferences. C) Company Preferences. D) Graphs Preferences. 33) The.

Homework Answers
17 Views
  • 31) The two tabs within the Preferences window are: A) My
  • Accounting
Homework Answers
View Answer

1) Accounting software eliminates tedious processes such as typing documents, manually posting and calculating transactions, and documenting the audit trail. 2) Application software does not have to match the computer operating system software. 3) When loading QuickBooks, the welcome screen has an overview tutorial that allows you to learn about how QuickBooks.

Homework Answers
27 Views
  • 1) Accounting software eliminates tedious processes such as typing documents,
  • Accounting
Homework Answers
View Answer

123) ________ is a multidimensional generalization of the 2-dimensional relational table which provides incredibly fast response times. A) OLAP B) UML C) RUP D) RAD 124) OLAP uses complicated multidimensional "indexes" called A) data mining. B) aggregations. C) drivers. D) transformers. 125) What defines an entire database being loaded into computer-internal high-speed random access memory or other high-speed electronic storage.

Homework Answers
12 Views
  • 123) ________ a multidimensional generalization of the 2-dimensional relational table
  • Accounting
Homework Answers
View Answer

134) A database contains the following data: Student Schedule (Student#, Student_name, Major, Course#1, ClassTime1, Location1, Course#2, ClassTime2, Location2, Course#3, ClassTime3, Location3) Required: Normalize this relation through the third normal form. 135) Assume that the customer master file and the transaction file consist of the record numbers shown in the following sequence: Master file3, 7,.

Homework Answers
18 Views
  • 134) A database contains the following data: Student Schedule (Student#, Student_name,
  • Accounting
Homework Answers
View Answer

80) Which of the following should be developed when the related application system is developed? A) Test data approach B) Integrated test facility C) Parallel simulation approach D) Artificial intelligence software 81) Which of the following processes real data through a test program? A) Test data approach B) Integrated test facility C) Parallel simulation approach D) Artificial intelligence software 82).

Homework Answers
12 Views
  • 80) Which of the following should be developed when the
  • Accounting
Homework Answers
View Answer

83) In the object-oriented modeling technique, an object class has the following structure: PAPER_INVENTORY (SUPPLIER_NO, DISCOUNT) What is the structure of the subclass COPY having the unique attributes QUANTITY and TYPE? A) COPY (QUANTITY, TYPE) B) COPY (SUPPLIER_NO, QUANTITY, TYPE) C) COPY (SUPPLIER_NO, DISCOUNT, QUANTITY, TYPE) D) COPY (PAPER_INVENTORY, QUANTITY, TYPE) 84) Network, tree, and relational models.

Homework Answers
16 Views
  • 83) In the object-oriented modeling technique, an object class has
  • Accounting
Homework Answers
View Answer

51) The menu command used to open a task window when performing multiple tasks is found under the: A) Reports menu. B) Windows menu. C) Help menu. D) Banking menu. 52) The Home page for QBP is divided into five main sections called: A) Clients, Expenses, Employees, Company, Help. B) Customers, Payables, Employees, Payroll, Banking. C) Receivables, Vendors,.

Homework Answers
16 Views
  • 51) The menu command used to open a task window
  • Accounting
Homework Answers
View Answer

Can't find what you're looking for ?

Ask our exprts a study questions, on us.
Get free Homework Help*