All Matches
Solution Library
Expert Answer
Textbooks
Search Textbook questions, tutors and Books
Oops, something went wrong!
Change your search query and then try again
Toggle navigation
FREE Trial
S
Books
FREE
Tutors
Study Help
Expert Questions
Accounting
General Management
Mathematics
Finance
Organizational Behaviour
Law
Physics
Operating System
Management Leadership
Sociology
Programming
Marketing
Database
Computer Network
Economics
Textbooks Solutions
Accounting
Managerial Accounting
Management Leadership
Cost Accounting
Statistics
Business Law
Corporate Finance
Finance
Economics
Auditing
Ask a Question
Search
Search
Sign In
Register
study help
business
accounting information systems
Questions and Answers of
Accounting Information Systems
To avoid potential errors and irregularities, a well-designed system of internal accounting control in the accounts payable area should include a separation of which of the following functions?(a)
Jackson, the purchasing agent of Judd Hardware Wholesalers, has a relative who owns a retail hardware store. Jackson arranged for hardware to be delivered by manufacturers to the retail store on a
Which of the following departments should have the responsibility for authorizing payroll rate changes?(a) personnel(b) payroll(c) treasury(d) timekeeping
Which of the following constitutes the most significant risk within the purchasing cycle?(a) Receiving department personnel sign receiving documents without inspecting or counting the goods.(b) Large
Upon receipt of a requisition, the stores manager initiates a three-part purchase order. Two copies go to the vendor and one copy stays in the stores file. Upon receipt of goods, the stores manager
An appropriate compliance test to confirm that only valid employees are on the payroll is to ensure that(a) separate personnel folders are originated for each new employee.(b) payroll checks are
Which of the following would be the most appropriate test to determine whether purchase orders are being processed on a timely basis?(a) Determine the dates of unpaid accounts payable invoices.(b)
Which of the following procedures, noted by an auditor during a preliminary survey of the payroll function, indicates inadequate control?(a) All changes to payroll data are documented by the
A CPA reviews a client's payroll procedures. The CPA would consider internal control to be less than effective if a payroll department supervisor was assigned the responsibility for(a) reviewing and
For internal control purposes, which of the following individuals should preferably be responsible for the distribution of payroll checks?(a) bookkeeper(b) payroll clerk(c) cashier(d) receptionist
The authority to accept incoming goods in receiving should be based on a(an)(a) vendor's invoice.(b) materials requisition.(c) bill of lading.(d) approved purchase order.
A treasurer insists that invoices be stamped "paid" prior to his actually signing the checks for payment. Discuss the merits of this policy.
In a production control application system, which of the following documents serves as authorization to release raw materials to the production departments?(a) production order(b) job time card(c)
In a production control application system, which of the following departments should receive copies of production orders?(a) inventory control(b) cost accounting(c) purchasing(d) general ledger
In a production control application system, which of the following documents serves as authorization to the production departments to make certain products?(a) production order(b) job time card(c)
Which of the following is a characteristic associated with just-in-time (JIT) production(a) parts are produced only as they are required in subsequent operations(b) a constant-flow production rate(c)
Which of the following is an element of CADD technology?(a) solids modeling(b) statistical process control(c) both a and b(d) neither a nor b
( ______________ ) integrates the physical manufacturing system and the manufacturing resource planning (MRP II) systems.(a) MRP(b) AIT(c) CIM(d) RTG
In a production planning system, the bill-of-materials file would be an input to which of the following?(a) production planning program(s)(b) cost accounting program(s)(c) both a and b(d) neither a
In a production planning system, the production status file would be an input to which of the following?(a) production planning program(s)(b) inventory update program(s)(c) both a and b(d) neither a
In a production planning system, the master operations file would be an input to which of the following?(a) cost accounting program(s)(b) inventory update program(s)(c) both a and b(d) neither a nor b
Cost drivers for activity-based costing might be identified with ( ______________ ).(a) solids modeling(b) finite element analysis(c) statistical regression(d) statistical process control
The developers of your new system have proposed two different AIS designs and have asked you to evaluate them. This evaluation process is most likely to be a part of which SDLC step?a. systems
What is the purpose of the conceptual systems design report?a. to guide physical systems design activitiesb. to communicate how management and user information needs are metc. to help the steering
A monthly payroll register showing all hourly employees, the number of hours they worked, their deductions, and their net pay is most likely which of the following?a. scheduled reportb.
Which of the following is not a consideration in input design?a. Which errors are possible and how can they be detected and corrected?b. How can data be entered (keyboards, OCR, or POS terminal)?c.
Which of the following is most likely to help improve program development?a. physical modelb. IT strategic planc. walk-throughd. record layout
Prism Glass Company is converting from a manual data processing system to a computerized one. To expedite the implementation of the system, the CEO has asked your consulting team to postpone
The Glass Jewelry Company manufactures costume jewelry. You have just been hired as the management accountant in charge of the accounting and control functions. During your introductory meeting with
Chaotic order processing at Wang Laboratories had long been accepted by its customers as the cost of doing business with the computer giant. The tremendous growth of Wang left the company with a
Tiny Toddlers Company, a large multinational manufacturer of children’s toys and furniture, is planning the design and implementation of a distributed data process¬ ing system to assist its sales
Mickie Louderman is the new assistant controller of Pickens Publishers, a growing company with sales of $35 million. She was formerly the controller of a smaller company in a similar industry, where
Columbia Corporation is a midsize, diversified manufacturing company. Ryon Pulsipher has been promoted recently to manager of the company’s property account¬ ing division. Ryon has had difficulty
A savings and loan association has decided to develop a new AIS. The internal auditors have suggested planning the systems development process in accordance with the SDLC concept. The following nine
Create a form in Microsoft Access or another software package of your choosing for data input. If you choose to use Microsoft Access, open the program and open a database that you have previously
Create a report in Microsoft Access or another software package of your choosing for data output. If you choose to use Microsoft Access, open the pro¬ gram and open a database that you have
During final testing directly before the launch of a new payroll system, the project managers found a problem. The prepackaged payroll system started doing the following:• Writing checks for
A new program at Signal Enterprises was supposed to track customer calls. Unfortunately, it took 20 minutes to load on a PC, and it crashed frequently. Management hired a new consultant to fix the
Which of the following documents is used to post sales on account to customers in the accounts receivable ledger?(a) purchase orders(b) invoices(c) remittance advices(d) bills of lading
Which of the following departments should match shipping documents with open sales orders and prepare daily sales summaries?(a) billing(b) sales order(c) accounts receivable(d) shipping
The invoice is completed when ( _____________ ).(a) payment is received from the customer(b) the goods have been shipped(c) the sales order is approved by the credit department(d) the customer has
The billing function should normally report to which of the following?(a) controller(b) treasurer(c) director of internal auditing(d) vice president of sales
Which of the following departments should normally be responsible for the preparation and journalizing of credit memos upon the receipt of approved sales return memos to authorize a reduction in
Which of the following steps in the customer order management business process is optional?(a) contract creation(b) order entry(c) shipping(d) billing
Pricing usually occurs during which step in the customer order management business process?(a) contract creation(b) order entry(c) shipping(d) billing
What has to exist before a sales order can be created in SAP R/3 ?(a) an invoice(b) a delivery document(c) a customer master record(d) a vendor master record
The remittance list prepared in the mailroom to document cash receipts should be directly forwarded to ( _____________ ).(a) finished goods(b) billing(c) accounts receivable(d) general ledger
Cash remittances received in the mailroom should be directly forwarded to ( _____________ ).(a) cash receipts(b) billing(c) accounts receivable(d) general ledger
Identify the steps in the customer order management business process.
Identify several activities that usually occur during order entry.
What has to exist before a sales order can be created in SAP \(R / 3\) ?
Distinguish between the billing and accounts receivable functions in a sales order procedure.
What accounting journal entry or entries summarize the activities of a sales order procedure?
When is it desirable to use an acknowledgment copy of a sales order?
How does the use of a master price list enhance control of the billing function?
What should be verified prior to the shipment of goods to customers?
What is cycle billing?
What is a dunning procedure?
What functions are served by periodic statements of account that are sent to customers?
Distinguish between open-item processing and balance-forward processing of accounts receivable.
Outline the major features of internal control in a sales return and allowance business process.
Why should write-offs of receivables be confirmed with the customer?
Identify the basic objective in a cash receipts business process.
What is the most critical phase of a cash receipts business process? Identify several controls that may be used to control this phase.
What is a remittance advice? What function do remittance advices play in a cash receipts business process?
Identify the major features of control in a cash receipts business process.
What is the potential advantage of using a lock-box collection system for customer remittances?
What is a professional shopper?
The internal auditor is reviewing shipping procedures of a manufacturing company. The auditor should be greatly concerned when:(a) merchandise is shipped without an approved customer's order.(b)
Which of the following is an effective internal accounting control over accounts receivable?(a) Only people who handle cash receipts should be responsible for preparing documents that reduce accounts
Which of the following control procedures may prevent the failure to bill customers for some shipments?(a) Each shipment should be supported by a prenumbered sales invoice that is accounted for.(b)
To achieve good internal accounting control, which department should perform the activities of matching shipping documents with sales orders and preparing daily sales summaries?(a) billing(b)
Shipping documents should be compared with sales records or invoices to(a) determine whether payments are properly applied to customer accounts.(b) assure that shipments are billed to customers.(c)
As payments are received, one mailroom employee is assigned the responsibility of prelisting receipts and preparing the deposit slip prior to forwarding the receipts, deposit slip, and remittance
For the purpose of proper accounting control, postdated checks remitted by customers should be(a) restrictively endorsed.(b) returned to the customer.(c) recorded as a cash sale.(d) placed in the
A company policy should clearly indicate that defective merchandise returned by customers is to be delivered to the(a) sales clerk.(b) receiving clerk.(c) inventory control clerk.(d) accounts
The most likely result of ineffective internal control policies and procedures in the revenue cycle is that(a) irregularities in recording transactions in the subsidiary accounts could result in a
Proper authorization procedures in the revenue cycle usually provide for the approval of bad debt write-offs by an employee in which of the following departments?(a) treasury(b) sales(c) billing(d)
Tracing bills of lading to sales invoices provides evidence that(a) shipments to customers were invoiced.(b) shipments to customers were recorded as sales.(c) recorded sales were shipped.(d) invoiced
A sales clerk at Schackne Company correctly prepared a sales invoice for \(\$ 5,200\), but the invoice was entered as \(\$ 2,500\) in the sales journal and similarly posted to the general ledger and
For good internal control, the billing department should be under the direction of the(a) controller.(b) credit manager.(c) sales manager.(d) treasurer.
Which of the following controls most likely would be effective in offsetting the tendency of sales personnel to maximize sales volume at the expense of high bad debt write-offs?(a) Employees
An entity with a large volume of customer remittances by mail could most likely reduce the risk of employee misappropriation of cash by using(a) employee fidelity bonds.(b) independently prepared
The most effective way to prevent an employee from misappropriating cash and then altering the accounting records to conceal the shortage is to(a) perform bank reconciliations on a timely basis.(b)
Which of the following is not a universal rule for achieving strong internal control over cash(a) Separate the cash handling and record-keeping functions.(b) Decentralize the receiving of cash as
Which of the following events represent the basic give-to-get economic exchange for a business that rents equipment and machinery for use by others?a. Rent Equipment and Return Rented Equipmentb.
Which of the following is most likely to be modeled as being a 1:1 relationship?a. the relationship between Sales and Customersb. the relationship between Sales and Inventoryc. the relationship
How can service companies (accounting, law, consultants, etc.) use technology to track how their employees use time?
Determining whether the organization has access to people who can design, implement, and operate the proposed system is referred to as which of the following?a. technical feasibilityd. scheduling
This chapter suggests that an organization should make special efforts to ease fears among its employees about potential job or seniority loss. One advantage of mechanizing a system, however, is a
The president of Monteer Signature Homes is perplexed by requests for computers from three different areas of the firm. The EDP manager wants \($4.5\) million to upgrade the mainframe computer. The
Describe some examples of systems analysis decisions that involve a trade-off between each of the following pairs of objectives:a. economy and usefulnesse. simplicity and reliabilityb. economy and
For years, Jerry Jingle’s dairy production facilities led the state in total sales volume. However, recent declines left Jerry wondering what his company was doing wrong. When he asked several
Yuping Chai has seen the future, and so far she wants no part of it. The offices at Sierra Manufacturing Company, where Chai is vice president, have just been automated. Sitting at her desk in
XYZ Conglomerate Company has completed a feasibility study to upgrade its computer system. Management received the information in Table 18-9, which shows the benefits of the new system.Required As
The Alkin Chemical Company manufactures and sells chemicals for agricultural and industrial use. The company has grown significantly over the past five years. However, the company’s AIS is the
PWR Instruments manufactures precision nozzles for fire hoses. The president, Ronald Paige, an engineer, started the corporation, which has been successful and has experienced steady growth.
In the process of developing a new drug, pharmaceutical companies perform clinical trials to test the drug. The collection and processing of clinical trials’ data accounts for 40% of the total
Don Richardson, vice president of marketing for the JEM Corporation, has just emerged from another strategic planning session aimed at developing a new line of business. The company’s management
Remnants, Inc., is a large company that manufactures and markets designer clothing throughout the United States. From its St. Louis headquarters. Remnants has developed a regional system for
Showing 600 - 700
of 4180
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Last