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business
accounting information systems

Questions and Answers of Accounting Information Systems

Create an HTML document of your own, using the example in Figure 14-1 to guide you. Put the name of this assignment in the tag for the heading. Put your name in bold. Include at least one hyperlink
The South Shore Resort Community is an elegant, thriving four-season resort and a community of over 1,200 single family homes, 1,000 time-share units, and a multi million dollar ski business. Guests
Sketch the following CT functions. (a) \(x(t)=8 u(5-t)\); (b) \(x(t)=3 \delta(t+2)\); (c) \(x(t)=\operatorname{ramp}(t+1)\); (d) \(x(t)=5 \operatorname{rect} \frac{(t+1)}{4}\); (e)
A report telling how well all approved vendors have performed in the prior 12 months is information that is MOST needed in which business process?a. paying vendors [Incorrect. To pay a vendor, a
A firm, its suppliers, and its customers collectively form which of the following?▶a. supply chain [Correct. The supply chain is made up of the firm, its suppliers, and customers.]b. value chain
Which of the following is a function of an AIS?a. reducing the need to identify a strategy and strategic position [Incorrect. An AIS does not reduce the need to identify a strategy. It provides
When a subsystem’s goals are inconsistent with the goals of another subsystem, or with the system as a whole, it is called▶a. goal conflict. [Correct. When a subsystem’s goals are inconsistent
In the value chain concept, upgrading IT is considered what kind of activity?a. primary activity [Incorrect. Investing in IT is a support activity.]▶b. support activity [Correct. Technology
Which of the following is NOT a means by which information improves decision making?▶a. increases information overload [Correct. Decision makers receiving too much information have difficulty
Which transaction cycle includes interactions between an organization and its suppliers?a. revenue cycle [Incorrect. The revenue cycle involves interactions between an organization and its
Which of the following is a primary activity in the value chain?a. purchasing [Incorrect. This is a support activity.]b. accounting [Incorrect. This is a firm infrastructure support activity.]▶c.
The business processe that includes goods storage, receiving vendor invoices, and updating payable accounts is calleda. the expenditure cycle. [Incorrect. The expenditure cycle involves interactions
Data differ from information in which way?a. Data are output, and information is input. [Incorrect. Data are facts and figures that, once organized, can become information. Therefore, data are
Classify each of the following items as belonging in the revenue, expenditure, human resources/payroll, production, or financing cycle.a. Purchase raw materialsb. Pay off mortgage on a factoryc. Hire
Have you ever imagined having one electronic device that does everything you would ever need? Mobile phone makers in Japan have gone beyond the imagining phase. Cell phones in Japan are becoming more
Albert Heijn (or AH) is arguably the largest retail chain in Europe, owning supermarkets, convenience stores, and online shopping services in food and other goods.AH prides itself on establishing the
The Howard Leasing Company is a privately held, medium-sized business that purchases school buses and leases them to school districts, churches, charitable organizations, and other businesses. To
Matching Match the description listed in the right column with the information characteristic listed in the left column.
United Services Automotive Association (USAA) is one of the largest diversified financial services companies in the United States, with close to $75 billion in assets under management. One reason for
The annual report is considered by some to be the single most important printed document that companies produce. In recent years, annual reports have become large documents. They now include such
IT is changing the nature of accounting and the role of accountants. Write a two-page report describing what you think will be the nature and the value of the accounting function in a large company
Why have accounting software packages been designed with separate transaction modules?
Figure 1-4 shows that organizational culture and the design of an AIS influence one another. What does this imply about the degree to which an innovative system developed by one company can be
Discuss the concept of a system and the issues of goal conflict and goal congruence.
A firm, its suppliers, and its customers collectively form which of the following?a. supply chainb. value chainc. ERP systemd. AIS
Which of the following is NOT a means by which information improves decision making?a. increases information overloadb. reduces uncertaintyc. provides feedback about the effectiveness of prior
The business process that includes goods storage, receiving vendor invoices, and updating payable accounts is calleda. the expenditure cycle.b. the revenue cycle.c. the production or conversion
Data differ from information in which way?a. Data are output, and information is input.b. Information is output, and data are input.c. Data are meaningful bits of information.d. There is no
What functionality should be provided on the website?
What business processes are needed, and how should they be carried out?
What information do Scott and Susan need to make those decisions?a. What information do the external entities they interact with need?b. What information do management and other employees need?c. How
What decisions do they need to make to be successful and profitable? For example:a. How should they price products to be competitive yet earn a profit?b. Should they extend credit, and, if so, on
Explain how an AIS adds value to an organization, how it affects and is affected by corporate strategy, and its role in a value chain.
Explain the decisions an organization makes, the information needed to make them, and the major business processes present in most companies.
Distinguish data from information, discuss the characteristics of useful information, and explain how to determine the value of information.
1. What are some of the more common uses of data codes in AIS?
1. What is the purpose of the general ledger history file?
1. What is the purpose of a responsibility center file?
What is data mining?
1. Sequential access means thata. data are stored on magnetic tape.b. the address of the location of data is found through the use of either an algorithm or an index.c. to read any record on the
1. Which task should the general ledger perform?a. update the general ledgerb. prepare journal vouchersc. have custody of physical assetsd. have record-keeping responsibility for special journals
The Ozment corporation uses a performance reporting system that shows one line of data for each subordinate who reports to a supervisor.The data presented show the actual costs incurred during the
Which of the following is not a characteristic of the strategic planning process?a. emphasis on both the short and long runb. analysis of external economic factorsc. review of the attributes and
The following are all output reports of the financial reporting system, EXCEPTa. variance analysis report.b. statement of cash flows.c. tax return.d. comparative balance sheet.
Which of the following budgeting processes is LEAST likely to motivate managers toward organizational goals?a. setting budget targets at attainable levelsb. participation by subordinates in the
Which of the following would normally be considered in a strategic plan?a. setting a target of 12 percent return on salesb. maintaining the image of the company as the industry leaderc. setting a
At what level of management is the long-range planning function most important?a. at top management levelsb. at middle management levelsc. at lower management levelsd. for staff functionse. for line
Which of the following is the basic purpose of a responsibility accounting?a. variance analysisb. motivationc. authorityd. budgetinge. pricing
Which statement below best describes a profit center?a. The authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of supply.b.
Which statement below best describes an investment center?a. The authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of
1. General Ledger System Overview Draw a diagram depicting the relationship between the general ledger master file, control accounts, subsidiary files, and financial statements.
Financial Reporting Process The following contains the various steps of the financial reporting process. Place these steps in the proper order and indicate whether each step is a function of the TPS,
Coding Scheme Devise a coding scheme using block and sequential codes for the following chart of accounts for Jensen Camera Distributors.Cash Accounts Receivable Office Supplies Inventory Prepaid
Coding Scheme Devise a coding scheme for the warehouse layout on the next page. Be sure to use an appropriate coding scheme that allows the inventory to be located efficiently from the picking list.
Internal Control Leslie Epstein, an employee of Bormack Manufacturing Company, prepares journal vouchers for general ledger entries. Due to the large number of voided journal vouchers caused by
Database GL System Crystal Corporation processes its journal vouchers using batch procedures similar to the process outlined in Figure 8-5. To improve customer satisfaction, the sales system is going
Database GL System The top management team at Olympia, Inc., wishes to have real-time access to the general ledger. Currently the general ledger is updated nightly via a batch processing system,
Internal Control Expand Figure 8-6 to incorporate the journal voucher listing and general ledger change report as control mechanisms. Also discuss the specific controls they impose on the system.
Organizational Chart Prepare an organizational chart for your university.(Your campus phone directory catalog may be helpful.)
Report Categorization Classify the following reports as being either scheduled or on-demand reports.• Cash disbursements listing• Overtime report• Customer account history• Inventory
CMA Adapted—Organizational Structure and Span of Control Relco Industries recently purchased Arbeck, Inc., a manufacturer of electrical components that the construction industry uses. Roland Ford
CMA Adapted—Organizational Structure and Span of Control Barnes Corporation recently purchased Parker Machine Company, a manufacturer of sophisticated parts for the aircraft industry. Donald
CMA Adapted—Performance Measures The Star Paper Division of Royal Industries is located near Los Angeles. A major expansion of the division’s only plant was completed in April 2007. The expansion
CMA Adapted—Responsibility Accounting Family Resorts, Inc., is a holding company for several vacation hotels in the northeastern and mid-Atlantic states. The firm originally purchased several old
1. Discuss the benefits that accrue to a company using responsibility accounting.
1. Describe the advantages of responsibility accounting for the managers of a firm.b. The regional and district managers accepted Family Resort’s budget. Based on the facts presented, evaluate
Management by Exception A variety of quantitative measures are used to evaluate employee performance, including standard costs, financial ratios, human resource forecasts, and operating
CMA Adapted—Variance Analysis Engineers Education Association (EEA) is a volunteer membership organization providing educational and professional services to its members. The professional staff is
1. Give five general duties of the database administrator.
1. How are the network and hierarchical models different?
1. What is a data dictionary and what purpose does it serve?
1. Give an application for a partitioned database.
DBMS versus Flat-File Processing Werner Manufacturing Corporation has a flat-file processing system. The informationprocessing facility is very large. Different applications, such as order
Access Methods For each of the following file processing operations, indicate whether a sequential file, indexed random file, indexed sequential access method (ISAM), hashing, or pointer structure
Database Design Sears Roebuck, the most well-known and oldest mail-order retailer in the country, discontinued its mail-order operations in 1993. Other mail-order marketers are using information
Database Deadlock How is a lockout different from a deadlock?Give an accounting example to illustrate why a database lockout is necessary and how a deadlock can occur. Provide meaningful table names
Structured Query Language A vehicle rental company has a database that includes the following tables and attributes within those tables:Customer Table Customer number (PK); customer name, customer
Distributed Databases The XYZ Company is a geographically distributed organization with several sites around the country. Users at these sites need rapid access to common data for read-only purposes.
Distributed Databases The ABC Company is a geographically distributed organization with several sites around the country. Users at these sites need rapid access to data for transaction processing
Normalization of Data A table of data for a library is found on the following page. Normalize this data into the third normal form, preparing it for use in a relational database environment. The
Normalization of Data A college bookstore maintains all of its records on index cards. This has proven to be a very tedious chore, and the manager has asked you to design a database that will
Normalization of Data Prepare the base tables, in third normal form, needed to produce the user view below. Problem 11: Normalization of Data USER VIEW Part Reorder Unit Ven Num Description QOH Point
Normalization of Data Prepare the base tables, in third normal form, needed to produce the user view on the following. Problem 12: Normalization of Data USER VIEW Part Num Reorder Unit Ven
Normalization of Data Prepare the 3NF base tables needed to produce the sales report view on page 489. Customer Number: 19321 Customer Name Address : Jon Smith : 520 Main St., City Problem 13:
Normalization of Data––Purchase Order Acme Plywood Company uses the purchase order on page 490.Acme business rules:1.. Each vendor may supply many items; an item is supplied by only one
Table Linking Refer to text in Problem 15 on page 492. Problem 15: Table Linking Several related tables with their primary keys (PK) are shown below. Place the foreign key(s) in the tables to link
Defining Entities and Data Modeling––Payroll Employees at the Sagerod manufacturing company record their hours worked on paper time cards that are inserted into a time clock machine at the
Defining Entities and Data Modeling––Purchases Procedures The business rules that constitute the purchases system for the Safe Buy Grocery Stores chain are similar at all the store locations.The
Defining Entities and Data Modeling––Fixed Asset Procedures The business rules that constitute the fixed asset procedures for the Safe Buy Grocery Stores chain are similar at all the store
Defining Entities and Data Modeling—Business Rules Given the following business rules, construct an ER diagram so each rule is captured for the database. Presume each rule is to be treated
Comprehensive Case(Prepared by Katie Daley and Gail Freeston, Lehigh University)D&F is a distributor of CDs and cassettes that offers benefits such as discount prices and an introductory offer of 10
Each economic event in an REA diagram is always*:a. linked to at least two resource entities.b. linked to two external agents.c. linked to two internal agents.d. linked to another economic event.e.
Which of the following are characteristics of economic agents?a. They participate in economic events, but do not assume control of the resources.b. They participate in economic events, but not in
Which of the following is true?a. REA diagram entities are arranged in constellations by entity class.b. ER diagrams present a static picture of the underlying business phenomena.c. Entity names in
Which of the following events would be LEAST likely to be modeled in an REA diagram?a. customer inquiriesb. sales to a customerc. accounts payabled. cashe. all of these events would be modeled
Which of the following associations would most likely describe the relationship between an internal agent and an economic event?a. 1:Mb. 1:1c. M:Md. 0:Me. none of the above
Which of the following associations requires a separate table in the database?a. 1:1b. 1:Mc. M:Md. all of the above
When assigning foreign keys in a 1:1 associationa. the primary key of each table should be embedded as a foreign key in the related table.b. the primary key on the 0,1 side of the relation should be
When assigning foreign keys in a 1:M associationa. the primary key of each table should be embedded as a foreign key in the related table.b. the primary key on the 0,M side of the relation should be
REA Diagrams Describe three differences between REA diagrams and ER diagrams.

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