Questions and Answers of Introduction To Accounting Information Systems

Standards Australia 2005a, AS 8015-2005: Corporate governance of information and communication technology, www.standards.org.au.
Auditing and Assurance Standards Board 2009, Auditing Standard ASA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment, paragraph 9,
Auditing and Assurance Standards Board 2006, Auditing Standard ASA 315 Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, Appendix 2(o), p. 60,
IT Governance Institute 2005, COBIT 4.0, IT Governance Institute, Illinois; IT Governance Institute 2007, COBIT 4.1, www.itgi.org.
Jain, AK, Ross, A & Prabhakar, S 2004, 'An introduction to biometric recognition', IEEE Transactions on Circuits and Systems for Video Technology, Special Issue on Image- and Video-Based Biometrics,
KPMG Australia 2009, Fraud Survey 2008, pp. 9-12, www.kpmg.com.au; KPMG Australia 2006, Fraud Survey 2006, pp. 11-13, www.kpmg.com.au/Portals/0/ FraudSurvey%2006%20WP(web).pdf.
Gaw, S & Felten, E 2006, 'Password management strategies for online accounts', Symposium on Usable Privacy and Security (SOUPS) 2006, July 12-14, Pittsburgh, PA, USA.
Ernst & Young 2005, Emerging trends in internal controls: fourth survey and industry insights, p. 25, www.sarbanes-Oxley.be/aabs_emerging trends_survey4.pdf.
Abrams, J 2008, 'Treasury office faults IRS computer security', The Age, 8 April, www.news.theage.com.au.
Elliot, P 2009, 'Obama orders review of cyber security', The Age, 10 February, www.news.theage.com.au.
Chapman, G 2008, 'Hackers harpoon US executives with phony email subpoenas'. The Age, 6 May, www.news.theage.com.au.
Sharma, M 2008, 'Lost CD with tax details missing: ATO', Australian/T, 30 October 2008, www.australianit.news.com.au.
Reuters 2007, 'UK govt apologises for losing data', The Age, 21 November, www.theage. com.au; May, J 2007, 'UK Chancellor's job on line after data on millions lost', The Age, 22 November,
Woodhead, B 2006, 'Tax office sacks "spies", Australian IT, 29 August, www.australianit.news.com.au.
Brisbane Times 2009s, '$10m instead of $10 000: couple on run after bank bungle', Brisbane Times, 21 May, www.brisbanetimes.com.au.
Brisbane Ltd has always had a strategy of product differentiation; that is, providing high quality products and extracting a price premium from the market. During the recent economic downturn,
Melbourne Ltd has decided to introduce electronic payment facilities to allow customers to pay for goods online.(a) What controls would you expect to see introduced to ensure the safety of the online
Sydney Ltd has just realised that it has a problem with revenue data as its sales order system does not record goods requested by a customer that are unable to be supplied due to inventory
Perth Ltd has a reconciliation problem. The amount of cash receipted and banked by the cashier does not seem to match to the amount recorded in the accounts receivable customer records from the
Darwin Ltd has a new CEO who is keen on improving process efficiency. She has reviewed the process documentation for the revenue cycle and has asked you to remove the inventory check from the sales
Which of the following drives the activity levels of a business?(a) The level of sales(b) The number of customers(c) The number of different products sold(d) The business strategy
A well aligned revenue cycle is congruent with the:(a) organisational strategy.(b) organisational goals.(c) organisational culture.(d) All of the above.
Use of barcode scanning technology could not help to:(a) reduce data errors.(b) improve data timeliness.(c) improve customer payment times.(d) speed up data collection.
Correctly calculating the amount of inventory on hand does not require knowledge of:(a) stock on hand.(b) stock on order.(c) stock shipped to customers.(d) supplier lead times.
The revenue cycle interacts internally with:(a) the production cycle.(b) the HR management and payroll cycle.(c) the financial cycle.(d) all of the above.
A credit check should be performed:(a) for new customers.(b) for new products.(c) for slow-paying customers.(d) for all sales.
It is not necessary to check shipping label details when:(a) the customer buys products frequently from you.(b) the same person who picks the goods also packs and labels them.(c) the delivery driver
Not reconciling invoices raised by the billing system to shipping documents increases the risk of:(a) not shipping goods to customers.(a) shipping the wrong goods to customers.(c) not billing the
Sending customers a regular statement of account helps to detect:(a) under-billing only.(b) over-billing only.(c) neither (a) nor (b).(d) both (a) and (b).
Monitoring the number of bad debts written off is useful to determine:(a) how accurately sales of goods and services are recorded.(b) how promptly goods and services are delivered.(c) how well
Prepare a context diagram for the revenue cycle at AB Hi-Fi.
Prepare a level O logical DFD for the revenue cycle at AB Hi-Fi.
Prepare a level 1 logical DFD for:(a) Process 1.0 at AB Hi-Fi(b) Process 2.0 at AB Hi-Fi(c) Process 3.0 at AB Hi-Fi(d) Process 4.0 at AB Hi-Fi.
Prepare a physical DFD for:(a) Process 1.0 at AB Hi-Fi(b) Process 2.0 at AB Hi-Fi(c) Process 3.0 at AB Hi-Fi(d) Process 4.0 at AB Hi-Fi.
Prepare a systems flowchart for:(a) Process 1.0 at AB Hi-Fi(b) Process 2.0 at AB Hi-Fi(c) Process 3.0 at AB Hi-Fi(d) Process 4.0 at AB Hi-Fi.
Table 9.3 (page 412) identifies eleven risks typically encountered when processing a sales order.Required(a) Analyse the degree of exposure to each of these risks for the sales process at AB
Table 9.4 (page 417) identifies eight risks typically encountered when despatching a sales order.Required(a) Analyse the degree of exposure to each of these risks for the goods despatch process at AB
Table 9.5 (page 422) identifies three risks typically encountered when billing a sale.Required(a) Analyse the degree of exposure to each of these risks for the billing process at AB Hi-Fi.(b)
Table 9.6 (page 424) identifies three risks typically encountered when receiving and recording payments.Required(a) Analyse the degree of exposure to each of these risks for the receiving payments
AB Hi-Fi has adopted a cost leadership strategy. Its overall plan is to undercut competitors on pricing and so gain market share. (a) How well does its current revenue cycle align with this business
Explain how you would measure performance of the revenue cycle at AB Hi-Fi;specifically:(a) What metrics would you would use to measure performance?(b) For each metric, explain where you would obtain
Martin Ltd has always had a strategy of product differentiation; that is, providing high-quality products and extracting a price premium from the market. During the recent economic downturn Martin
Johnson Ltd has decided to use online banking electronic payment facilities to pay suppliers for goods.(a) What controls would you expect to see introduced to ensure the safety of the online banking
Nguyen Ltd has just realised that it has a problem with its expenditure data as its goods received records do not easily identify whether a supplier has delivered the ordered goods on the due
Wilson Ltd has a reconciliation problem. The amount of new goods booked into inventory records by the warehouse staff does not always seem to match with the amount of goods recorded as received by
Anderson Ltd has a new CEO who is keen on improving process cycle times. She has reviewed the process documentation for the expenditure cycle and is asking you to stop accumulating purchase requests
Sidhu, J 2003, 'Mission statements: is it time to shelve them?", European Management Journal, vol. 21, no. 4, pp. 439-46.
Bakos, JY & Treacy, ME 1986, 'Information technology and corporate strategy: a research perspective', Management Information Systems Quarterly, vol. 10, no. 2, pp. 107-19; Simons, R 2000, Performance
Porter, M 2008, 'The five competitive forces that shape strategy', Harvard Business Review, January, pp. 78-93; Edwards, C & Peppard, J 1994, 'Forging a link between business strategy and business
Porter, M 1985, Competitive advantage-creating and sustaining superior performance, Free Press, New York, as cited in Morschett, D, Swoboda, B & Schramm-Klein, H 2006, 'Competitive strategies in
Based on Porter 1996, 'What is strategy?', Harvard Business Review, November- December, pp. 61-78.
Based on Porter 1996; Markides, C 2004, 'What is strategy and how do you know if you have one?', Business Strategy Review, vol. 15, no. 2, pp. 5-12.
Jacenko, A & Gunasekera D 2005, 'Australia's retail food sector: some preliminary observations', ABARE conference paper 05.11, the pacific food system outlook 2005-06, Kunming, China, 11-13 May.
Describe the process of normalisation for database design.
How does normalisation enhance decision making and reporting?
How do normalised structures change depending on different relationships in the data?
Discuss the steps required to construct an enterprise model of a business.
Discuss the REA model.
Discuss the differences between an REA model and E-R modelling.
Discuss the implications of client-server computing for implementing relational databases.
How have e-commerce and the internet affected the accessibility of database applications?
A table to be normalised starts at what normal form?(a) ONF(b) INF(c) 2INE(d) 3NF
Can a table which is in 2NF also be in 3NF?(a) Yes when there are no partial dependencies.(b) Yes when there are no transitive dependencies(c) Yes when there are no functional dependencies.(d) None
A composite primary key can also be called a:(a) concatenated primary key.(b) foreign key.(c) primary key.(d) none of the above.
A partial dependency is when: (a) an attribute is dependent on the primary key wholly. (b) an attribute is dependent on the primary key but via a non-key attribute.(c) an attribute is only dependent
A transitive dependency is when:(a) an attribute is dependent on the primary key wholly.(b) an attribute is dependent on the primary key but via a non-key attribute.(c) an attribute is only dependent
Client-server architecture is based on:(a) hardware, software and communications middleware.(b) mainframes and terminals.(c) databases, tables and keys.(d) none of the above.
No More Smelly Shoes is a large manufacturer of children’s school and sports shoes. The organisation runs a file system. The following is an extract of its sales file.Required (a) Normalise this
Magnificent Music started in Melbourne and is expanding by setting up stores in every other capital city in Australia. It will be selling CDs and DVDs of all varieties in every store. Magnificent
In first normal form, student number and course number have been chosen as a primary key to uniquely identify each line in the table. Second normal form Student table: Student number Course table:
There is a dependency arrow from instructor name to instructor number and from instructor location to instructor number. Therefore, we have a transitive dependency:instructor name is dependent on the
Remove the transitive dependency, instructor number becomes a foreign key in the course number table (shown by a dashed line underneath the instructor number in the course table). Then instructor
The university table has been amended as shown in bold below. Paul is now also an instructor for Accounting Information Systems. This table has again been normalised to third normal form. ONF
A primary key consisting of the attributes student number and course number is a sufficient composite primary key to identify each line in the table. Instructor Instructor Student number Course
Both instructor name and instructor location are dependent on instructor number. Therefore, instructor name and Instructor location are dependent on the primary key of the student course (enrolment
The university table below has again been amended as shown in bold. Karin is now the lecturer for Research Methods. This table has again been normalised to third normal form.
The university table below has again been amended as shown in bold. Karin is now the lecturer for Research Methods. This table has again been normalised to third normal form. ONF Instructor
Instructor name is dependent on the primary key of the student course(enrolment table) via the non-key attribute of instructor number. Instructor location is dependent on part of the primary key (the
Explain why a software framework is required from the perspective of an organisation and a software vendor.
What are the different enterprise information systems categories? Provide a brief description and explain the key differences.
Outline the main disadvantages associated with single-entry systems and how they are overcome in the bookkeeping categorisation.
Hybrid systems don’t quite match the seamless integration and power of enterprise resource planning (ERP) systems.’ Explain the key differences between the two categories and suggest, with
Describe how you would use the software framework for software selection.
What typical functions of an organisation and the value chain does an ERP system link?
Describe the typical modules in ERP systems.
Explain how an ERP system integrates the activities within an organisation.(OZ, EOS)
What factors would organisations consider in making a choice between single-source and best-of-breed ERP systems?
Briefly explain the benefits of an ERP system.
A low proportion of businesses experience smooth rollout with a new ERP system.Suggest what businesses can learn and do to minimise the problems faced and to achieve immediate benefits?
How does a supply chain management (SCM) system help improve manufacturing and product delivery to customers?
Explain how the functionalities in customer relationship management (CRM)systems allow customer-facing employees in sales and marketing to develop competitive positioning strategies.
Organisations that are purchasing software can use the software framework to:(a) focus on the categories relevant to their business.(b) identify the main differences among the systems currently
Small service organisations should consider:(a) bookkeeping systems.(b) hybrid systems.(c) enterprise value chain systems.(d) none of the above.
The four major functions that are linked by an ERP system are:(a) sales or marketing, manufacturing, accounting or finance, and human resources.(b) sales or marketing, manufacturing, customer and
ERP systems form a basis to develop outwardly organised systems to link organisations together. Other modules could include:(a) SCM systems.(b) CRM systems.(c) e-procurement systems.(d) all of the
Which of the following statements is true?(a) Developing business requirements follows systems requirements.(b) A system is required for every business requirement.(c) Determining business processes
The cost of implementing an ERP system in an organisation includes:(a) software.(b) training.(c) process rework.(d) all of the above.
Which inputs are required by an SCM system? (a) Resource capacities and customer histories (b) Resource capacities and warehouse locations (c) Operational costs and business intelligence information
Fine Food Restaurant is an organisation that provides lunch and dinner for its customers.The restaurant seats up to 85 customers, employs four chefs, eight waiters and four cleaners. The restaurant
‘As far as possible, organisations should purchase systems that are as far towards the right of the framework as possible. It means that the software purchased will be the best and newest available

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