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Accounting Expert Answers & Study Resources : Page 498

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113.When discussing entity relationship diagrams, this is considered to be a noun that represents items in the accounting system: A.Attribute B.Relationship C.Entity D.Flow               114.When discussing entity relationship diagrams, this is considered to be a characteristic of an entity. A.Attribute B.Flow C.Relationship D.Field               115.The rectangle used in an entity relationship diagram is used to represent a(n): A.Attribute B.Relationship C.Entity   D.  Process               116.The.

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63.An integrated collection of enterprise-wide data that includes five to ten fiscal years of non-volatile data, used to support management in decision making and planning is referred to as: A.Operational Database. B.Relational Database. C.Data Storage. D.Data Warehouse. 64.This type of database contains the data that are continually updated as transactions are processed and includes data.

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– CHAPTER 12 –PROBLEMS 142. If an accounting information system was entirely a manual system (no computers used), explain        how data would be captured, recorded, classified, summarized, and reported. Discuss how the        sophistication of the company’s computer system impacts the accounting output and,        alternatively, how the requirements for accounting.

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  • – CHAPTER 12 –PROBLEMS 142. If an accounting information system was
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103.When creating or reading a system flowchart, the triangle symbol represents a: A.File B.Direct access storage C.Manual input D.Document               104.When creating or reading a system flowchart, the diamond represents a(n): A.On-page connector B.Decision C.Data D.Process               105.When creating or reading a system flowchart, the rectangle represents a(n): A.Decision B.Off-page connector C.Document D.Process 106.The documenting system that shows the flow of documents and information among.

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– CHAPTER 1 – MULTIPLE CHOICE 33.A prescribed sequence of work steps preformed in order to produce a desired result for the organization is called a(n): A.Accounting Information System. B.Business Process. C.Financial Transaction. D.Capital Transaction Process. 34.The process that must identify the transactions to be recorded, capture all the important details of the transactions, properly process.

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  • – CHAPTER 1 – MULTIPLE CHOICE 33.A prescribed sequence of work
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143. Classify each of the following processes as either a revenue process, expenditure process, conversion process, or administrative process:a. Selling common stock to raise capital Purchasing electronic components to manufacture DVD players Moving electronic components from the stockroom to the production floor to begin making DVD players Paying employees at the.

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11.              Online processing is the opposite of real-time processing. 12.Batch processing is best suited to sequential access files. 13.Online processing is best suited to sequential access files. 14.Online processing is best suited to situations were there is a large volume of records but only a few records are needed to process any individual.

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166. Identify whether the following reports would be categorized as trading partner documents,        internal documents, internal reports, or external reports: daily cash receipts listing accounts receivable aging wire transfer of funds to a vendor customer price list general ledger statement of cash flows sales invoice production schedule customer address list payroll journal 167. Which type of accounting information system reports.

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  • 166. Identify whether the following reports would be categorized as
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83.In a manual accounting system, the processing of accounting information includes: A.Recording in the ledger B.Posting to the journal C.Closing the necessary ledger accounts D.Adjusting the journal 84.When all similar transactions are grouped together for a specified time and then processed together as a group, the process is referred to as: A.Grouped processing B.Batch processing C.Bound processing D.Unit processing 85.An.

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168. Identify which of the cardinal relationships apply, from the following: component part — product customer – product employee ID badge – employee employee – supervisor vendor -- check 169. Differentiate distributed presentation computing and distributed applications computing. Which        of these forms of client server computing is most likely to be used by the sales clerks.

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  • 168. Identify which of the cardinal relationships apply, from the
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43.              The entities, processes, and information flows that involve the movement of materials, funds, and related information through the full logistics process, from the acquisition of raw materials to the delivery of the finished produces to the end use is a set of linked activities referred to as: A.Management Information System. B.Supply.

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  • 43.              The entities, processes, and information flows that involve the
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125.Which of the following statements is not true? A.Accounting information systems must maintain both detail and summary information. B.Business processes may vary from company to company. C.Regardless of the extent of computerization, all accounting information systems must capture data from the transactions within business processes. D.Business processes categorized as expenditure processes are not intended.

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  • 125.Which of the following statements not true? A.Accounting information systems must
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63.Frontware, which adds modern, user friendly screen interfaces to legacy systems are referred to as: A.Turnaround software B.Graphical user face C.COBOL D.Screen scrapers 64.Instead of completely replacing their systems, organizations often try to use new technology to enhance existing systems.  Which of the following is not one of the approaches taken by the se organizations? A.Enterprise.

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  • 63.Frontware, which adds modern, user friendly screen interfaces to legacy
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43.Which of the following statements is true? A.Most accounting systems in use today are computerized systems. B.All accounting systems, whether computerized or not, must capture data, process the data, and provide outputs C.It is not necessary for an accounting system to maintain summary information if it maintains detail information. D.The general ledger will be.

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  • 43.Which of the following statements true? A.Most accounting systems in use
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145. Each of the points listed next represents an internal control that may be implemented within a        company’s accounting information system to reduce various risks.  For each point, identify the        appropriate business process (revenue, expenditure, conversion, administrative). In addition,        refer to the description of business processes under.

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  • 145. Each of the points listed next represents an internal
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161. Describe the purpose of each of the following parts of a manual system: a. source document b. turnaround document c. general ledger d. general journal e. special journal f. subsidiary ledger 162.  Consider the accounting information system in place at an organization where you have         worked. Do you think that it was a manual system, legacy.

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  • 161. Describe the purpose of each of the following parts
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53.A collection of data stored on a computer in a form that allows the data to be easily accessed, retrieved, manipulated, and stored is referred to as a(n): A.Accounting Information System. B.Information Technology. C.Database. D.Master File. 54.A collection of data stored in several small two-dimensional tables that can be joined together in many varying ways.

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TRUE/FALSE: 1.              A business process has a well-defined beginning and end. 2.Each business process has a direct effect on the financial status of an organization. 3.Few accounting information systems rely on computer hardware and software to track business processes.   4.The rethinking and redesigning that occur during business process reengineering are aided by the.

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  • TRUE/FALSE: 1.              A business process has a well-defined beginning and end. 2.Each
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21.    The exclusive output of an AIS is that it produces trading partner documents such as checks,          invoices, and statements. 22.    The output of an AIS is for external users only, such as trading partner documents and external          reports including financial statements. 23.    Internal reports produced by an AIS are designed.

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  • 21.    The exclusive output of an AIS that it produces
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– CHAPTER 12 – END OF CHAPTER QUESTIONS 97.When a customer returns goods that were purchased, the business process to accept the return would most likely be a(n): A.Administrative process. B.Conversion process. C.Expenditure process. D.Revenue process. 98.Which of the following is least likely to be an output of the accounting information system? A.A check B.A report C.An invoice D.A bar.

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  • – CHAPTER 12 – END OF CHAPTER QUESTIONS 97.When a customer
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93.Documentation of the accounting system allows: A.The accountant to analyze and understand the procedures and business process and the systems that capture and record the accounting data. B.The non-accountant to create a picture or chart of what should happen within the accounting system. C.The investor to see inside the accounting system so that.

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  • 93.Documentation of the accounting system allows: A.The accountant to analyze and
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146. What are some of the differences between ERP systems and accounting software for small        companies?  147. Why would accounting software development companies be interested in expanding their        software products into other market segments? 148. Given the business and accounting environment today, do you think it is still important to       .

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  • 146. What some of the differences between ERP systems and
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53.Special journals are created, or established, to record specific types of transactions.  Which of the following is not one of the special journals? A.Fixed Asset Journal B.Cash Receipts Journal C.Purchases Journal D.Payroll Journal 54.The purpose of this item is to maintain the detailed information regarding routine transactions, with an account established for each entity. A.Purchases Journal B.Subsidiary.

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73.The intercompany, computer-to-computer transfer of business documents in a standard business format is called: A.E-business. B.E-commerce. C.Local area network. D.Electronic data interchange. 74.Which of the following is NOT one of the three components of electronic data interchange? A.Commerce - encompasses all forms of electronic trading. B.Intercompany - two or more companies conducting business electronically. C.Standard business format -.

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  • 73.The intercompany, computer-to-computer transfer of business documents in a standard
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