MCQ:

1. which of the following not activity in purchase and payment process:

Pay for items

Receive items

Invoice customer

Request prices

2. which one is a recourse in purchase and payment structure model:

Receipt of goods

Paying by check

Inventory

Employee labour

3. sales and collection process is the point of contact between the firm and_____as the firms external business partners:

Investors

Vendors

Employees

Customers

4. from the options below demonstrate the activity that is not part of the business analysis process:

Using business process modeling tools

Ascertaining information about current and future business processes

Documenting current and future business processes

Using IT to make finance and accounting processes more efficient and effective

5. relevant activity within the sales and collection processes:

Selling product and services

Recording payment from customer

All of above are sales and collection activities

Managing inventory

6. which activity is not an example of business process documentation:

Internal audit

Business process models

Organization charts

Training manuals

7. express the activity that best demonstrate a business model

An evaluation of potential business process improvement

A sequence of business activity

A simple, abstract representation of a business processes

Financial reporting

8. in sales and collection process activities, determine the activity that results in the creation of an account receivable:

Recording payment from the customer

Receiving a sales order from a customer

Shipping ordered products to the customer

Billing the customer

short answers:

9. Explain the purpose of general security objectives from the perspective of the role of CONFIDENTIALITY in an AIS

10. Explain the purpose of general security objectives from the perspective of the role of INTEGRITY in an AIS

11. Explain the purpose of general security objectives from the perspective of the role of AVAILABILITY in an AIS

12. Stacey is an employee of a construction firm's payroll department and has recently moved to a new position within the department in which she no longer has privileged access to payroll accounts. However, when changing positions, her access rights to the payroll accounts were left unchanged. A colleague of Stacey at her work told her that he was starting a financial service business and needed some contact information. Using the privileged access rights that she had retained, the employee provided her associate with confidential information of many employees. The information Stacey provided to her colleague included special account numbers, credit card account numbers, and social security numbers, which he then used to commit more than 100 cases of identity theft. The insider's actions caused more than $1 million worth of damages to the firm and its employees.

Identify the INCENTIVE present in the case scenario related to fraud:

13. Identify the OPPORTUNITY present in the case scenario related to fraud:

14. Identify the RATIONALE present in the case scenario related to fraud:

15. Demonstrate with an example the purpose of AUTHENTICATION in an IT environment as part of General Application.

16. Demonstrate with an example the purpose of AUTHORIZATION in an IT environment as part of General Application.

17. The sales and collection process generate revenue, accounts receivable, and cash flow information for a firm's financial statements.

Required: Outline other information that you believe managers would like to collect.

18.Due to the nature of the business, many companies, such as those online, require payment in advance of delivery of goods and/or services.

Required: Identify TWO examples of businesses that collect cash before recording the corresponding sales and explain how different sequences would affect internal control requirements .

19. Identify and explain the term is used to describe the science of examining raw data, removing excess noise from the dataset, and organizing the data with the purpose of drawing conclusions for decision making

20. Explain the relationship the concept of Big Data

21. Explain the relationship between Big Data and Data Analytics

22. Explain the reasons accountants would incorporate data analytics into their work

23. Amazon.ae is a brand name in the UAE and compatible with its international partners such as Amazon.com (USA) and Amazon.co.uk (UK) Amazon is a multinational online trading company that has multiple layers of trading platforms.

Required You are a customer of Amazon and wish to place an order for some electronic goods. Use relevant BPMN notations to construct a typical sequence of events in a business transaction between you as the customer and Amazon website.