1.As an accountant you should be conversant with the physical and financial components of an expenditure life cycle. Describe the differences between these two?

2 What are some of the key documents that may be reviewed in a current systems survey?

3 What is the purpose of a systems analysis, and what type of information should be included in the systems analysis report?

4. Why do you think entity relationship (ER) diagrams in database design are necessary?

5. What are two approaches to conceptual systems design?

6. What is the internal auditor's primary role in the conceptual design of the system?

7. Distinguish between tests of controls and substantive testing?

8. As an accountant, why is it important to have accounting independence?

9. During a test data procedure, why should the developers bother testing bad data?

0 Most firms underestimate the cost and time requirements of the SDLC by as much as 5 percent. Why do you think this occurs? In what stages do you think the underestimates are most dramatic?

11. Internet cookies are used by websites to understand the browsing behaviour of users. Describe how if exploited by hackers could be a security risk.

12. As the client support supervisor for FarFar construction, you noticed that some site workers are clocking on for friends who are not present. Discuss controls you could implement to address this concern.

13. What is the primary objective of the conceptual systems design phase?

14. Why should test data be saved after it has been used?