HELLO. PLEASE HELP ME IN ANSWERING THE FOLLOWING QUESTIONS USING THE SIMPLEST WORDS POSSIBLE. THANK YOUUUUU!

SUBJECT: ACCOUNTING INFORMATION SYSTEM

1.Give an example of a record that might compriseeach of the four file types found in a computer-basedsystem.

2.Comment on the following statement: ''Legacysystems always use flat-file structures.''

3.Is a data flow diagram an effective documentationtechnique for identifying who or what performs aparticular task? Explain.

4.Is a flowchart an effective documentation techniquefor identifying who or what performs a particulartask? Explain.

5.Describe a specific accounting application that couldmake use of a virtual storage access method file.

6.Some argue against corporate involvement insocially responsible behavior because the costsincurred by such behavior place the organizationat a disadvantage in a competitive market. Discussthe merits and flaws of this argument.

7.Although top management's attitude toward ethicssets the tone for business practice, sometimesit is the role of lower-level managers to uphold afirm's ethical standards. John, an operations-levelmanager, discovers that the company is illegallydumping toxic materials and is in violation of environmental regulations. John's immediate supervisoris involved in the dumping. What actionshould John take?

8.In this age of high technology and computer-basedinformation systems, why are accountants concernedabout physical (human) controls?

9.Are computer ethical issues new problems or justa new twist on old problems?

10.How can external auditors attempt to uncovermotivations for committing fraud?

11.Why do firms have separate departments forwarehousing and shipping? What about warehousingand inventory control? Doesn't this just createmore paperwork?

12.How could an employee embezzle funds by issuingan unauthorized sales credit memo if the appropriatesegregation of duties and authorization controlswere not in place?

13.Why is access control over revenue cycle documentsjust as important as the physical controldevices over cash and inventory?

14.Under what circumstances will automated mailroom procedures provide the most benefit? Theleast benefit?

15.Why does billing receive a copy of the sales orderwhen the order is approved but does not bill untilthe goods are shipped?

16.Are any time lags in recording economic eventstypically experienced in cash disbursements systems?If so, what are they? Discuss the accountingprofession's view on this matter as it pertains to financialreporting.

17.You are conducting an end-of-year audit. Assumethat the terms of trade between a buyer and aseller are free on board (FOB) destination. Whatdocument provides evidence that a liability existsand may be unrecorded?

18.What three documents must accompany the paymentof an invoice? Discuss where these threedocuments originate and the resulting controlimplications.

19.Payroll is often used as a good example of whenbatch processing by using magnetic tapes is consideredappropriate. Why is payroll typically considereda good application for this type of storage device?

20.If an asset that is not fully depreciated is sold ordisposed, but the fixed asset records are notadjusted, what effect will this have on the financialstatements?

21.Describe an internal control that would preventthe charging of depreciation expense to the maintenancedepartment for a sweeper that is nowlocated in and used by the engineering department.

22.Supervisors in the work centers oversee the usageof raw material in production; explain why thework centers do not keep the records of thework-in-process.

23.How can activity-based costing be used to switchthe management of business activities from a custodialtask to a continuous improvement activity?

24.How are cost structures fundamentally differentbetween the traditional and computer-integratedmanufacturing environments?

25. Comment on the following statement: ''More information is always preferred to less; you can never have too much information.''

26. In terms of decision-making capabilities, which type of report do you think is generally more important scheduled reports or on-demand reports? Explain your answer and give an example of each type of report.

27. Although HTML and XML documents look very similar, and both use tags, explain how they differ significantly as a financial reporting medium.

28. Scheduled reports may contain some information that is relevant to some decisions and irrelevant to other decisions. Why are some scheduled reports designed this way, rather than multiple reports being generated for various decision-making purposes?

29. Ultimately, is the purpose of an audit trail to follow a transaction from its input through its processing and finally to the financial statements or vice versa? Explain your answer.

30. If management control and strategic planning decisions do not receive a high level of support from traditional information systems, then how do they get the support?