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Accounting Expert Answers & Study Resources : Page 391

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True-False Questions 1.All controls available for the computerized accounting information system of a company should be implemented regardless of cost due to the high rate of computer crime. 2.One of the "fallback" procedures of a computing center is the "grandfather parent-child" file arrangement. 3.According to the text, data transcription would only be necessary.

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  • True-False Questions 1.All controls available for the computerized accounting information system
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71) In an office, a(n) ________ is an information system. A) air-conditioner B) projector C) telephone D) conference room schedule 72) What is the primary difference between data and information? A) Information is processed to get data. B) Data is processed to get information. C) Data, unlike information, is related to hardware. D) Information, unlike data, is a component.

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  • 71) In an office, a(n) ________ an information system. A) air-conditioner B)
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Matching Questions For the following terms find the correct definition below and place the letter of that response in the blank space next to the term. Each definition is used only once. 68.______  automated workpaper software 69.______  Certified Information Systems Auditor (CISA) 70.______  computer-assisted audit techniques (CAATs) 71.______  continuous auditing 72.______  COBIT 73.______  fraud triangle 74.______  generalized audit.

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  • Matching Questions For the following terms find the correct definition below
  • Accounting
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41.The term “test data" is associated with: a)Auditing through-the-computer b)Auditing around-the-computer c)Auditing of manual accounting systems d)Non-auditing procedures performed by a firm’s accounting subsystem employees 42.Three common techniques auditors use to test computer programs are: a)Test data, integrated test facilities, and parallel simulation b)Test data, edit checks, and integrated test facilities c)Test data, program change control, and parallel.

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  • 41.The term “test data" associated with: a)Auditing through-the-computer b)Auditing around-the-computer c)Auditing of manual
  • Accounting
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11.Public companies are required to adopt the Control Objectives for Information and Related Technology framework under SOX. 12.The Electronic Systems Assurance and Control model provides a framework for evaluating controls over email systems. 13.An auditing around the computer approach pays little or no attention to the control procedures within an IT environment. 14.Normal.

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  • 11.Public companies required to adopt the Control Objectives for Information
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Multiple-Choice Questions 27.The principal function of an accounting system's computerized controls is: a)Detecting computer frauds b)Preventing computer frauds c)Encouraging programmer honesty d)none of the above 28.When a company is setting up its accounting information system, it is important for management to select: a)A standard set of computer control mechanisms b)Only those controls which appear to serve its needs c)Controls.

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  • Multiple-Choice Questions 27.The principal function of an accounting system's computerized controls
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43.If the same employee is responsible for authorizing a business transaction and recording the transaction in the accounting records, this indicates a weakness in which element of a company's internal control system? a)A good audit trail b)Separation of duties c)Internal review of controls d)Competent employees 44.Which of the following control procedures provides physical protection for.

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  • 43.If the same employee responsible for authorizing a business transaction
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51) A(n) ________ is a sequence of activities for accomplishing a function. A) task B) information system C) business process D) repository 52) Recording final grades is a(n) ________ ,whereas filling out the grade reporting form is a(n) ________. A) business process; activity B) activity; business process C) activity; task D) task; business process 53) What do rectangles with rounded.

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  • 51) A(n) ________ a sequence of activities for accomplishing a
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61) Which of the following is an actor in the five-component framework of an information system? A) software B) procedures C) data D) hardware 62) ________ function(s) as a bridge between the human side and the machine side of the information system framework. A) Data B) Hardware C) Procedures D) People 63) A company's ________ serve(s) as instructions for users.

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  • 61) Which of the following an actor in the five-component
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41) Innovation is not expected in structured processes, whereas innovation is required in dynamic processes. 42) Effectiveness is an important characteristic of both structured and dynamic processes. 43) Using social networking sites to generate buzz about next season's product line is an example of a structured process. 44) Changes to dynamic processes are.

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  • 41) Innovation not expected in structured processes, whereas innovation required
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Multiple-Choice Questions 31.Which of the following is not true? a)An internal audit is never performed by external auditors b)The primary goals of an internal audit and an external audit are somewhat different c)Both internal and external audits are similar in their insistence upon objectivity in the performance of the audit evaluation d)Both the internal audit.

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  • Multiple-Choice Questions 31.Which of the following not true? a)An internal audit never
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57.A technique for controlling identification numbers (part number, employee number, etc.) is: a)Self-checking (check) digits b)Echo checks c)Parity control d)File protection 58.In its automated data processing system, a company might use selfchecking numbers (check digit) to enable detection of which of the following errors? a)Assigning a valid identification code to the wrong customer b)Recording an invalid customer's.

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  • 57.A technique for controlling identification numbers (part number, employee number,
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47.The least effective physical security control for a computer center is: a)Limited employee access b)Color-coded identification badges c)Insurance d)Strategic placement of computer center equipment 48.Which of the following is an example of application controls in automated data processing systems? a)Input controls b)Hardware controls c)Documentation procedures d)Controls over access to equipment and data files ? 49.An expense report was prepared by a.

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  • 47.The least effective physical security control for a computer center
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81) Porter defined ________ broadly to include research and development and other activities within the firm for developing new techniques, methods, and procedures. A) technology B) human resources C) firm infrastructure D) MIS 82) Porter defined ________ to include recruiting, compensation, evaluation, and training of full- and part-time employees. A) human resources B) firm infrastructure C) operations D) employee.

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  • 81) Porter defined ________ broadly to include research and development
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21.Information Technology (IT) governance includes using IT responsibly and efficiently, but not necessarily strategically. 22.Auditors may use transaction tagging to verify how a system processes certain transactions. 23.It is relatively easy to prevent hackers from unauthorized access to data and programs. 24.The three conditions for fraud in the fraud triangle include pressure, rationalization,.

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  • 21.Information Technology (IT) governance includes using IT responsibly and efficiently,
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51) Which of the following is a nonroutine cognitive skill that would provide one with job security? A) abstract reasoning B) tax accounting C) communication skills D) computer knowledge 52) ________ is the ability to make and manipulate models. A) Abstract reasoning B) Systems thinking C) Collaboration D) Experimentation 53) Miguel proposes a new design idea for an automobile to.

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  • 51) Which of the following a nonroutine cognitive skill that
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11) MIS is defined as the management and use of processes, information systems, and information to help organizations achieve their strategies. 12) An information system is a collection of components, including a computer, that stores and retrieves data and produces information. 13) Business processes are synonymous with information systems. 14) A process may.

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  • 11) MIS defined as the management and use of processes,
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37.Which of the following is not a processing control? a)Record counts b)Control totals c)Hash totals d)Check digits 38.Editing checks performed "in tandem" would be defined as: a)Tests of alphanumeric field content b)Tests for valid codes c)Redundant data checks d)Tests of reasonableness 39.A data field could pass all editing tests and still be invalid.  Additional controls to cope with this would.

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  • 37.Which of the following not a processing control? a)Record counts b)Control totals c)Hash
  • Accounting
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