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Core Concepts Of Accounting Information Systems 11th Edition Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman - Solutions

The Caribbean Club is one of the Virgin Island’s hottest night spots. It’s a great place for locals to meet after work and relax with friends, it’s a popular destination for tourists who stay on the island, and it’s always on the list of fun entertainment choices for the crowds from the
Larkin State University is a medium-sized academic institution located in the Southeastern United States. The university employs about 250 full-time faculty and 300 staff personnel. There are 12,000 students enrolled among the university’s four colleges.The Purchase ProcessThe university’s
Uptown Bucks (UB) is an off-campus meal plan business in Oxford, Ohio. Students or their families buy debit cards with fixed amounts that they can use to purchase food at more than 18 local restaurants. Customers can buy the cards at UB’s office in the center of town, or they may purchase the
The resource management process includes events associated with both personnel and payroll functions. Describe four data items that could be used by both functions. Describe two data items for each function that would not necessarily be needed by the other (e.g., spouse name for personnel but not
Why are accounting transactions associated with payroll processing so repetitive in nature? Why do some companies choose to have payroll processed by external service bureaus rather than in-house?
In this chapter, we discussed many data inputs to an organization’s production process. What are the specific data items to input to a system when adding a new raw materials inventory item? What specific data items need to be input when a worker records time spent on the production line?
What non-financial information would be important for an AIS to capture about a manufacturing firm’s production process?
What are the basic concepts of lean manufacturing? What concepts are the ‘‘root’’ of lean production and lean manufacturing?
Find an example of a firm that is using lean manufacturing concepts. Has the company realized any improvements? What are they?
Are the inputs and outputs of a production process likely to be different for a home builder than for a cement company? How?
There are many vertical market industries with special accounting information needs apart from the industries discussed in this chapter. Identify three additional vertical market industries. What are the unique characteristics of these industries that affect their AISs?
Discuss specific steps you would take as a manager to ensure that a business process reengineering effort is successful.
Choose an industry described in this chapter and find out what vertical market accounting software is available for that industry. You may use resources such as the library, trade associations, interviews with organizations within the industry, or interviews with software consultants.
Literally thousands of business process management (BPM) solutions are available to help managers accomplish tasks in a more effective, efficient manner. Assume that you work in a payroll processing function and your supervisor asked you to select a BPM for your company. Which BPM software would
Now, assume that you work in the internal audit function at a company that is considering a software package to help automate the process of complying with the requirements of the Sarbanes-Oxley Act of 2002. Which BPM software would you select and why? Identify the vendor, the name of the software
Assume that you started your own law practice ten years ago, specializing in estate planning, and you currently employ five attorneys, two legal assistants, one legal secretary, and a bookkeeper/receptionist. The firm has always used a manual accounting system, which includes procedures for time
Search the Internet for a picture of a dashboard (save the picture to include in your report). Next, prepare a single-spaced one-page report that(1) Describes the content of the dashboard and(2) Identifies at least 3–4 reasons this dashboard would help a manager make decisions.
Dick Hammaker has been fascinated with Corvette cars, especially convertibles, since he was a teenager. Dick grew up in Michigan and worked part-time through his high school and college years at a car manufacturer, so he knew the business well. Not surprisingly, when he graduated from college he
Implementation of a new AIS went smoothly, for the most part. It is 15 years later, and now HMC is interested in mapping a variety of their business processes to determine whether improvements can be made and whether business process reengineering should be considered. Hammaker asked Denise to work
HMC continues to be profitable. Although Denise and Lloyd Rowland mapped several business processes five years ago to determine whether HMC should work on process improvements or consider business process reengineering, they never really finished that effort, nor did HMC decide whether to outsource
Which accounting software features are likely to be most important for the following businesses? Search the Internet for an example of an AIS that you would recommend for each of these owners and include your rationale for that product.a. A boutique shop that sells trendy ladies clothingb. A small
The difference between the price tag for middle-market accounting software versus an ERP system can be millions of dollars. What can these high-end systems do that the less expensive enterprise accounting packages cannot?
Discuss the differences between traditional ERP and extended enterprise systems.
Discuss some of the basic features of an ERP. How do these features distinguish an ERP from an integrated accounting software program?
What are some of the benefits of a centralized database architecture? What are some of the difficulties in moving from multiple databases or files to a centralized database structure?
A new company will have no business processes in place. How would the owner go about selecting an appropriate AIS for the new company? Should the owner consider acquiring an ERP package immediately?
Find an article about a company that has adopted a business application suite. Identify the company and its basic characteristics (such as location, products, number of employees). What are some cost savings realized by the company? Were there specific efficiencies identified as a result of the ERP
Although you are likely to purchase a middle-end accounting software package from a value-added reseller (VAR), why should you be cautious about hiring one to recommend a software package for your business?
What are some of the consequences to a company that makes a poor decision in selecting a new AIS?
Why do businesses typically need to engage in business process reengineering when they adopt an ERP? Identify at least 5 key aspects of a successful BPR project.
Assume that your company is considering the purchase of an ERP. In anticipation of this purchase, you must identify some processes that the company should target for BPR. But first, your supervisor asked you to suggest a ‘‘framework’’ that the company should use for these BPR projects.
Visit the software websites of two low-end accounting software package vendors and then two ERP vendors. Do you see a relationship between the complexity of the website and the price of the software? Identify a number of differences.
Define the concept of ‘‘scalability’’. Explain why it might be a good idea for owners of small businesses—and managers in larger businesses—to understand this concept.
Tom O’Neal always wanted to own his own business. When he was in high school, he worked evenings and most weekends at a neighborhood bicycle shop. When Tom went to college at the nearby State University, he still came home in the summers and worked at the bike shop. Upon graduation from college,
B&R, Inc. is one of the world’s largest manufacturers and distributors of consumer products, including household cleaning supplies and health and beauty products. Last year, net sales revenues exceeded $5 billion. B&R has multiple information systems, including an integrated accounting system, a
Over the past decade, The RETAIL Cooperative (TRC) successfully acquired a number of smaller retailers. These strategic acquisitions enabled TRC to grow significantly. In fact, TRC is now one of the largest retailers in Europe, and employs over 230,000 people in 25 countries. The company has three
Linda Stanley is the Vice President for Computing and Information Services at State University (SU), a large, urban university that has experienced a 3% growth in enrollments every year for more than a decade. The university how has almost 27,000 students, just under 12,000 faculty and staff,
Springsteen, Inc. is a large furniture manufacturer, located in Asbury Park, New Jersey. They sell to furniture wholesalers across the United States and internationally. Revenues last year exceeded $500 million. Currently, the company has over 100 legacy information systems. Recently Wendy Stewart,
The cases of computer crime that we know about have been described as just ‘‘the tip of the iceberg.’’ Do you consider this description accurate? Why or why not?
Most computer crime is not reported. Give as many reasons as you can why much of this crime is purposely downplayed. Do you consider these reasons valid?
Why have most computer experts suggested that computer crime is growing despite the fact that so little is known about it?
Does a company have the right to collect, store, and disseminate information about your purchasing activities without your permission?
What enabled the employees at TRW to get away with their crime? What controls might have prevented the crime from occurring?
What is hacking? What can be done to prevent hacking?
What is a computer virus?
How can educating employees help stop computer crime?
What computer crimes are committed on the Internet? What assets are involved? What can be done to safeguard these assets?
How would you define ‘‘ethics?’’ What types of ethical issues are involved in computerized accounting information systems? How can organizations encourage their employees to act ethically?
The Rivera Regional Bank uses a computerized data processing system to maintain both its checking accounts and its savings accounts. During the last three years, several customers have complained that their balances have been in error. Randy Allen, the information systems bank manager, has always
Comment on each of the following scenarios in light of chapter materials. Use the references at the end of this chapter to help you.a. A legitimate student calls the computer help desk from her cell phone because she has forgotten her password to the university system. The ‘‘tech’’ on duty
(Library or Online Journal Research) Newspapers and such journals as Datamation and Computerworld are prime sources of computer-crime articles. Find a description of a computer crime not already discussed in this chapter and prepare an analysis of the crime similar to the ones in the second section
Recall that the salami technique means using a computer to skim a small amount of money from hundreds or thousands of accounts, and then diverting the proceeds for personal gain. Suppose that a computer programmer uses this technique to skim a penny from each customer’s account at a small bank.
What company policies or procedures would you recommend to prevent each of the following activities?a. A clerk at the Paul Yelverton Company faxes a fictitious sales invoice to a company that purchases a large quantity of goods from it. The clerk plans to intercept that particular payment check and
Download a copy of the Association of Certified Fraud Examiners Fraud Prevention Checkup, which is available at www.acfe.com/documents/Fraud_Prev_Checkup_IA.pdf. On a separate piece of paper, list the seven areas, and the maximum number of points suggested for each one. An example is:1. Fraud Risk
Download a copy of the ACFE Compensation Guide for Anti-fraud Professionals, which is available at no charge at: www.acfe.com/documents/2008-comp-guide.pdf. Based on this resource, answer the following questions:a. How many people participated in the 2008 survey?b. What is the median total
To address the need for tighter data controls and lower support costs, the Ashley Company has adopted a new diskless PC system. It is little more than a mutilated personal computer described as a ‘‘gutless wonder.’’ The basic concept behind the diskless PC is simple: A LAN server-based file
The Mark Goodwin Resort is an elegant summer resort located in a remote mountain setting. Guests visiting the resort can fish, hike, go horseback riding, swim in one of three hotel pools, or simply sit in one of the many lounge chairs located around the property and enjoy the spectacular scenery.
The Department of Taxation of one state is developing a new computer system for processing state income tax returns of individuals and corporations. The new system features direct data input and inquiry capabilities. Identification of taxpayers is provided by using the Social Security numbers of
What are the primary provisions of the 1992 COSO Report? The 2004 COSO Report?
What are the primary provisions of COBIT?
Why are the COSO and COBIT frameworks so important?
Briefly discuss the interrelated components that should exist within an internal control system. In your opinion, which component is the most important and why?
Why are accountants so concerned about their organization having an efficient and effective internal control system?
Discuss what you consider to be the major differences between preventive, detective, and corrective control procedures. Give two examples of each type of control.
Why are competent employees important to an organization’s internal control system?
How can separation of duties reduce the risk of undetected errors and irregularities?
Discuss some of the advantages to an organization from using a voucher system and pre-numbered checks for its cash disbursement transactions.
What role does cost-benefit analysis play in an organization’s internal control system?
Why is it important for managers to evaluate internal controls?
You have been hired by the management of Alden, Inc. to review its control procedures for the purchase, receipt, storage, and issuance of raw materials. You prepared the following comments, which describe Alden’s procedures.• Raw materials, which consist mainly of high-cost electronic
Listed below are 12 internal control procedures or requirements for the expenditure cycle (purchasing, payroll, accounts payable, and cash disbursements) of a manufacturing enterprise. For each of the following, identify the error or misstatement that would be prevented or detected by its use.a.
Rogers, North, & Housour, LLC is a large, regional CPA firm. There are 74 employees at their Glen Allen, SC office. The administrative assistant at this office approached Mr. Rogers, one of the partners, to express her concerns about the inventory of miscellaneous supplies (e.g., pens, pencils,
Ron Mitchell is currently working his first day as a ticket seller and cashier at the First Run Movie Theater. When a customer walks up to the ticket booth, Ron collects the required admission charge and issues the movie patron a ticket. To be admitted into the theater, the customer then presents
The Palmer Company manufactures various types of clothing products for women. To accumulate the costs of manufacturing these products, the company’s accountants have established a computerized cost accounting system. Every Monday morning, the prior week’s production cost data are batched
The Gayton Menswear company was founded by Fred Williams in 1986 and has grown steadily over the years. Fred now has 17 stores located throughout the central and northern parts of the state. Because Fred was an accounting major in college and worked for a large regional CPA firm for 13 years prior
The Cuts-n-Curves Athletic Club is a state-wide chain of full-service fitness clubs that cater to the demographics of the state (about 60% of all adults are single). The clubs each have an indoor swimming pool, exercise equipment, a running track, tanning booths, and a smoothie caf´e for
As a recently hired internal auditor for the Emerson Department Store (which has approximately 500 employees on its payroll), you are currently reviewing the store’s procedures for preparing and distributing the weekly payroll. These procedures are as follows.• Each Monday morning the managers
What is a security policy? What do we mean when we say organizations should have an integrated security plan?
What do we mean when we talk about convergence of physical and logical security? Why might this be important to an organization?
What guidance or framework would you use to establish IT governance if you were a senior executive in a firm? If you were a mid-level IT manager who was designing IT general controls? A manager who was responsible for identifying the appropriate application controls?
Discuss the major differences between wireless LANs and hard-wired LANs. What controls must be used to protect data that is transmitted over these networks?
Why is business continuity planning so important? What is it? Identify several reasons why testing the plan is a good idea.
What is backup, and why is it important when operating an accounting system?
Discuss some of the unique control risks associated with the use of PCs and laptop computers compared to using mainframes. List what you consider to be three of the most important control procedures that should be implemented for PCs. For each control procedure, give your reason for including this
Jean & Joan Cosmetics has a complete line of beauty products for women and maintains a computerized inventory system. An eight-digit product number identifies inventory items, of which the first four digits classify the beauty product by major category (hair, face, skin, eyes, etc.) and the last
Explain how each of the following can be used to control the input, processing, or output of accounting data: (a) Edit tests, (b) Check digits, (c) Passwords, (d) Activity listings, and (e) Control totals.
What is the difference between logical access to the computer and physical access to the computer? Why is the security of both important?
Discuss the following statement: ‘‘the separation of duties control is very difficult in computerized accounting information systems because computers often integrate functions when performing data processing tasks. Therefore, such a control is not advisable for those organizations using
Discuss the role of the control total in accounting information systems. Why are control totals insufficient to guard against data inaccuracies?
E. Wilson & Sons, Inc. hired a consulting team from Chesapeake and Associates to discuss application controls for the company’s accounting data processing. In one of the workshops, the seminar leader stated, ‘‘we can classify all errors in processing accounting data as either accidental
Mark Goodwin, a computer programmer, had a grudge against his company. To get even, he coded a special routine in the mortgage loan program that erased a small, random number of accounts on the disk file every time the program was run. The company did not detect the routine until almost all of its
Jack Drucker, an accountant working for a medium-size company, set up several dummy companies and began directing the computer to write checks to them for fictitious merchandise. He was apprehended only when several of the company executives began to wonder how he could afford a ski vacation in the
Identify one or more control procedures (either general or application controls, or both) that would guard against each of the following errors or problems.a. Leslie Thomas, a secretary at the university, indicated that she had worked 40 hours on her regular time card. The university paid her for
Identify one or more control procedures (either general or application controls, or both) that would guard against each of the following errors or problems.a. A bank deposit transaction was accidentally coded with a withdrawal code.b. The key-entry operator keyed in the purchase order number as a
To achieve effective separation of duties within a company’s IT environment, the company’s accounting and information processing subsystems should be separate from the departments that use data and perform operational activities. Discuss some of the ways this ‘‘separation of duties’’ is
Bristol Company has a high turnover rate among its employees. It maintains a very large computer system that supports approximately 225-networked PCs. The company maintains fairly extensive databases regarding its customers. These databases include customer profiles, past purchasing patterns, and
The Blatz Furniture Company uses an online data input system for processing its sales invoice data, salesperson data, inventory control, and purchase order data. Representative data for each of these applications are shown in Figure. Identify specific editing tests that might be used to ensure the
Simmons Corporation is a multi-location retailing concern with stores and warehouses throughout the United States. The company is in the process of designing a new, integrated, computer-based information system. In conjunction with the design of the new system, the management of the company is
MailMed Inc. (MMI), a pharmaceutical firm, provides discounted prescription drugs through direct mail. MMI has a small systems staff that designs and writes MMI’s customized software. Until recently, MMI’s transaction data were transmitted to an outside organization for processing on its
In the early twentieth century, there was an ambitious young man named Arthur who started working at a company in Chicago as a mailroom clerk. He was a hard worker and very smart, eventually ending up as the president of the company, the James H. Rhodes Company. The firm produced steel wool and

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