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accounting information systems
Accounting Information Systems 4th Edition Vernon Richardson, Chengyee Chang, Rod Smith - Solutions
Use the company that you selected for problem 6. Identify ways that they use information technology in each building block of the canvas. Structure your answer like table 16.4 and be as specific as possible.You may consider using sites such as www.vizologi.com, which offers an online tool to help
Use the company that you selected for problem 6. Find a direct competitor of that company. Develop a business model canvas that describes the competitor’s business. Start by defining their value proposition. Examine differences in the two business model canvases. Which company is better?
Which of the following is a question that companies should answer when preparing the business case for an IT investment?a. How much will it cost?b. What are the risks?c. What are the alternatives?d. How will success be measured?e. All of these.
What is the first step in the economic justification process?a. Identify potential solutions.b. Assess the value proposition.c. Assess business requirements.d. Estimate costs.e. All of these.
Which of the following is a not an example of a complementary change necessary to allow an IT initiative to achieve its goals?a. Outsource the IT initiative.b. Retrain employees.c. Redefine job descriptions.d. Provide incentives for employees to make the change successfully.e. None of these.
Which of the following are examples of direct costs of acquiring and implementing an IT investment?a. Cost of hiring consultants to assess system requirementsb. Personnel costs of the project teamc. Training costs of employees who will use the systemd. Cost of new computer hardware necessary to run
Which of the following are not examples of operating costs for an IT investment?a. Costs of routine hardware replacements over timeb. Cost of contract for help desk supportc. Costs of disposal of electronics at end of lifed. Costs of software license renewalse. All of these are examples of
If an IT project costs $150,000 and returns net cash flows of $100,000 per year, what is the accounting rate of return?a. 33 percentb. 50 percentc. 67 percentd. 75 percente. None of these.
Which methodology of systems development requires one phase be completed before the next phase begins?a. Agile modelb. Waterfall modelc. Scrum modeld. Sequential model
The IFAC suggested 10 core principles of effective information technology planning. Which of the following is not one of those 10 core principles?a. Achievabilityb. Justifiable costc. Reassessmentd. Accountability
Projects are considered challenged if they:a. are late, are over budget, or do not have the required features and functions.b. are canceled prior to completion.c. are delivered but never used.d. are completed early.
The triple constraints of project management do not include the constraint of:a. technical issues.b. time.c. cost.d. scope.
The 100% rule suggests that before a PERT chart is done, a project manager must:a. make sure 100 percent of the project is funded.b. make sure the project team is devoted solely, or 100 percent, to the project.c. make sure that each person on the project team got 100 percent on his or her project
The critical path in a PERT chart represents:a. the sequencing of tasks.b. the most important tasks of the whole project.c. the longest path of tasks needed for project completion.d. the tasks that must be completed without errors.
The Sarbanes–Oxley Act’s section 404 reports require management and auditors to report on:a. the financial condition of the firm.b. the quality of the project management planning.c. the academic background and experience of the company’s accounting leadership.d. the effectiveness of the
Which phase of the systems development life cycle would include describing in detail the desired features of the system?a. Analysis phaseb. Design phasec. Planning phased. Maintenance phasee. Implementation phase
Brainstorm a list of reasons why 84 percent (including 53 percent challenged plus 31 percent failed) of the information technology projects either failed or were challenged in 2021. Consider specifics of each of the elements of the triple constraints model and any other common delays, including the
We discussed 10 core effective information technology planning principles.Match the description of each with its respective principle. 1. The resulting plan that comes out of the planning phase should be communicated widely. 2. The planning phase should recognize the capability and capacity of
Accounting information systemsa. are always computerized.b. report only financially related information.c. are information systems that record, process, and report on transactions to provide financial and nonfinancial information for decision making and control.d. require a CITP designation to
The correct order of events in the value chain isa. Inbound logistics ➛ Operations ➛ Service.b. Inbound logistics ➛ Outbound logistics ➛ Marketing and sales.c. Inbound logistics ➛ Operations ➛ Outbound logistics.d. Inbound logistics ➛ Operations ➛ Marketing and Sales.
Which system contributes information on direct labor to a cost accounting system?a. Supply chain management system (SCMS)b. Financial reporting system (FRS)c. Customer Relational Management System (CRM)d. Human resource management system (HRMS)
A supply chaina. supplies jewelry chains.b. refers to the flow of materials, information, payments, and services.c. is similar in function and purpose to the value chain.d. does not apply to a service firm like an accounting firm.
An information system that measures and records accounting transactions and reports them in the financial statements is called aa. financial reporting system (FRS).b. enterprise system (ES).c. manufacturing system (MS).d. cost accounting system.
What is the name of the position for a person responsible for determining information needs of a business and designing a system to meet those needs?a. Chief information officerb. Controllerc. IT auditord. Systems analyst
Data analytics performed to identify the most profitable customers would be most likely to affect which income statement account?a. Selling, general, and administrative expenses (SG&A)b. Interest expensec. Revenuesd. Cost of goods sold
Customer relationship management software is used to manage and nurture a firm’s interactions with its current and potential clients. What information would Airbus want to know about its current and potential airplane customers? Why is this so critical?
What data from internal business processes will serve as inputs into a cost accounting system for your university? From which specific enterprise systems will this data be recorded and managed?
Accenture recently published an article titled “Meet the Finance 2020 Workforce,” 18 suggesting that accountants will need to not only embrace traditional financial questions of “What happened?” and “Why did it happen?” but also the question of “What should we do?” How is that
Accenture recently published an article titled, “Meet the Finance 2020 Workforce,” 19 suggesting that accountants will need to embrace new financial roles to analyze new business opportunities and ways the organization can profit from them. Explain how an accountant might map internal and
The appropriate amount of an Allowance for Doubtful Accountants (that serves as a contra asset to Accounts Receivable) is generally determined by figuring out how long the underlying receivables have remained unpaid. How might a customer relationship management system be able to help determine
The acronym ETL, in the process of readying data for use in data analysis, refers to what three words?a. Extrapolate, transform, and learnb. Extrapolate, transpose, and loadc. Extract, transform, and loadd. Extract, transform, and learn
ADS is a standard format for data files and fields typically needed to support an external audit in a given financial business process area that was developed by the AICPA.The acronym ADS stands for what three words?a. Accounting Data Specificationb. Accounting Data Standardsc. Audit Data
How might an airline use data analytics to evaluate different services provided to business and casual travelers to maximize revenue?
Match the definition of the keywords with their terms. 1. A standard format for data files and fields typically needed to support an external audit 2. Datasets that are too large and complex for businesses’existing systems to handle using their traditional capabilities to capture, store, manage,
Which of the following charts is generally considered the best way to show proportions?a. Bar chartsb. Scatter plotsc. Line chartsd. Pie chartse. Treemaps
Which of the following software is best at data analysis, as compared to visualizations?a. Power BIb. Excelc. Tableaud. Powerpoint
The use of visualizations to help perform the analysis is calleda. explanatory visualizations.b. diagnostic visualizations.c. exploratory visualizations.d. interpretive visualizations.
The use of visualizations to communicate the results to decision makers is calleda. explanatory visualizations.b. prescriptive visualizations.c. exploratory visualizations.d. diagnostic visualizations.
Which of the following statements is true?a. Scatterplots show values of two variables each plotted on its own axis to exhibit potential trends.b. Scatterplots show values of two variables each plotted on its own axis to exhibit potential correlation.c. Graphs show values of two variables each
Assume that Netflix wants to show the relative frequency of its sales by state.Which of the following would be most appropriate?a. Word cloudb. Filled geographic mapc. Bar chartd. Pie charte. None of the above
Which of the following software tools is more associated with getting the data ready for analysis?a. Tableau Desktopb. Tableau Prepc. Pythond. SASe. None of the above
If the CEO prefers less detail in their written report, the analyst might suggesta. an executive summary.b. a complete set of visualizations.c. a full report.d. a sampling of the most important visualizationse. None of the above
Explain the difference between exploratory and explanatory visualizations. Why are their aims different from each other?
Match the data visualization listed with type of data analytics(descriptive, diagnostic, predictive, or prescriptive) it is most associated with.• Scatterplot• Time series data with forecast• Sensitivity analysis table evaluating assumptions made• Pie charts• Break-even graph• Line and
Match each term with its definition. Term 1. Categorical Data 2. Trend 3. Proportion 4. Numerical data 5. Scatterplot 6. Time series data Definition a. The values of two variables, each plotted on its own axis to exhibit possible correlation b. The number of observations in a particular category
Determine whether each of the following terms is more likely to be associated with exploratory data visualizations or explanatory data visualizations.• Visualizations in executive summary• Scatterplot• Visualizations in written report• Past time series of data to forecast performance•
What does the following data visualization tell us about the relationship between labor cost per lawn mowed and monthly (profit) margin (the extent to which revenues exceed expenses) as shown on the vertical axis? 6,000 5,000 4,000 3,000 2,000 1,000 0 0 5 10 Monthly Margin 15 Labor Cost Per Lawn 20
Is the data visualization in Exercise 4 immediately above better or worse than the same data in the following tabular format? Labor Cost per Lawn Monthly Margin 13 15 17 19 21 23 25 5,350 4,950 4,550 4,150 3,750 3,350 2,950
Download the dataset, Sales Growth Dataset.xlsx, which has sales data for years 20X1 and 20X2 for a set of publicly traded companies over a recent year.Calculate the sales growth using (New–Old)/Old or (Sales20X2–Sales20X1)/Sales20X2 for each company.Required 1. Use Excel, Tableau, or Power BI
Use the following data to graph the sales revenue and net income for Walmart from 2012 to 2020 in Excel.The data file, Walmart Trend Analysis.xlsx, is available in Connect or via the Additional Student Resources page. (Note the data is in $ millions.)Required: Create a bar graph for sales revenue,
Download the Costs of Moistureshield Production dataset in Excel. Analyzing this data will allow Moisture Shield, a manufacturer of wood-plastic composite decking, determine its cost structure. Use a scatterplot to show the relationship between total production costs, and total number of units
Download the SkyDio Drone Sales Journal dataset in Excel. Note the sales price and cost of each sale. In Excel, calculate the gross margin percentage(Sales Price–Cost)/Sales Price for each sale (or row in the sales journal). Use either the descriptive statistics tool featured in Excel’s Data
Download the sp-500-historical-annual-returns dataset in Excel from Connect or Additional Student Resources.7 Note the annual stock market returns to investment in the S&P 500. Create a visualization in Excel using a bar chart. Note the volatility of returns over the years, which is an indicator
Download the nasdaq-by-year-historical-annual-returns dataset in Excel from Connect or Additional Student Resources.8 Note the annual stock market returns to investment in the NASDAQ stock market index. Use any type of visualization (such as histograms, bar charts, or column charts) that will allow
Which of the following is not a role of the accounting function in business?a. Financial closeb. Regulatory compliancec. Project managementd. Using IT to make finance and accounting processes more efficiente. All of these are roles of the accounting function
Which of the following is not an example of business process documentation?a. Business process modelsb. Training manualsc. Organization chartsd. Internal audite. All of these are examples of business process documentation
Which of the following is not a purpose of business process documentation?a. Facilitating process improvementb. Specifying accountabilityc. Trainingd. Supporting internal audite. All of these are purposes of business process documentation
Which of the following best describes the value of business models?a. A communication toolb. A planning toolc. A process improvement toold. A tool for managing complexitye. All of these describe values of business models.
Which of the following describes how participants in a process are identified in BPMN?a. Message flowsb. Sequence flowsc. Poolsd. Gatewayse. Start events
Which of the following symbols is used to represent a gateway in BPMN? a. b. C. d. O
Which of the following symbols is used to represent sequence flow in BPMN? a. b. C. d. O
Which of the following statements about BPMN is not true?a. Arrows represent sequence flows.b. The BPMN specification is maintained by the Object Management Group (OMG).c. Events are modeled with a rectangle symbol.d. Annotations allow the modeler to add descriptive text.e. All of these statements
Which of the following statements about sequence flows is not true?a. Sequence flows are continuous from the start event through activities and gateways, if any, to an end event in a pool.b. Sequence flows may not cross pool boundaries.c. Sequence flows may not cross lane boundaries.d. Tokens move
Which of the following is the best description of the token concept?a. The token concept is a theoretical concept that describes process flow.b. The start event generates a token.c. The end event consumes the token.d. Tokens do not traverse message flows.e. All of these options describe the token
Which of the following best describes an exclusive gateway?a. The only gateway in a BPMN diagram.b. A gateway that does not connect to message flows.c. A gateway with only one exit path per instance of a process.d. A gateway where all exit paths are taken for each instance of a process.e. None of
Which of the following best describes an inclusive gateway?a. The gateway that is shared among two pools.b. A gateway with one or more exit paths per instance of a process.c. A gateway with only one exit path per instance of a process.d. A gateway where all exit paths are taken for each instance of
Which of the following is true about intermediate timer events?a. The process delays until a specific date or time.b. The process delays until a message is thrown.c. The process delays for an unspecified amount of time.d. The process delays until a message is received.e. The process is timed up to
Which of the following best describes a looping task?a. The task repeats until a condition is satisfied.b. A looping task only repeats twice.c. A looping task is modeled as a subprocess.d. A looping task happens multiple times in parallel.e. None of these options describe a looping task.
Which of the following is not true about data objects?a. They are modeled with a document icon.b. They represents data that are only available for the duration of the process.c. They are linked to activities with data associations.d. They are similar to but different from datastores.e. They can be
Which of the following are not true about data associations?a. They are modeled as a dotted arrow.b. The association arrowhead shows the direction of data flow.c. They connect data objects to activities.d. They connect data objects to intermediate events.e. They connect datastores to activities.
Which of the following is not a step in preparing process models?a. Outline basic process flowsb. Define model contextc. Refine diagramd. Review BPMN standarde. Validate with stakeholders
Outline and explain the basic steps in preparing business process models.
Which of the following symbols is used to represent a class in a UML class diagram? a. b. C. d. O
Contrast the UML class diagrams with the entity-relationship diagrams shown in Appendix A. Which of the following pairs are not equivalent?a. Class and Entityb. Class and Relationshipc. Association and Relationshipd. Multiplicity and Cardinalitye. All of these are equivalent.
Which of the following best describes the meaning of this UML class diagram?a. Each inventory item can be sold a minimum of 1 and maximum of many times.b. Each sale includes a minimum of 0 and maximum of 1 inventory items.c. Each inventory item can be sold a minimum of 0 and maximum of 1 time.d.
Which of these is not one of the three main internal control functions?a. Preventive controlsb. Respective controlsc. Corrective controlsd. Detective controlse. All of these are main internal control functions
Write out a set of relational tables that correspond to the class diagram that you prepared for Problem 1. Identify primary and foreign keys.
Write out a set of relational tables that correspond to the class diagram that you prepared for Problem 2. Identify primary and foreign keys.
Consider the following narrative describing the operation of the Multnomah County Library.The Multnomah County Library provides a variety of services to citizens of the county.First, the library offers a number of traditional books and movies that may be checked out by patrons. Each patron may
In the hierarchical data model, the mapping from parent to child isa. 1:1 (one-to-one).b. 1:N (one-to-many).c. N:N (many-to-many).d. N:1 (many-to-one).
Advantages of relational data models generally includea. reduced information redundancy.b. low cost.c. ease of implementation.d. efficiency.
A class in a relational database model is defined asa. the sum of a whole.b. characteristics or properties of a table.c. person, place, thing, transaction, or event about which information is stored.d. being or existence, especially when considered as distinct, independent, or self-contained.
Which statement about enterprise systems is correct?a. Most enterprise systems are designed mainly for accounting and finance functions.b. SAP, Oracle, and Microsoft all offer products for enterprise systems.c. Most enterprise systems are designed for the service industry.d. Small companies do not
Refer to Exhibit 6.2; if Steve’s Stylin’ Sunglasses accepts installments without requiring a down payment, the multiplicities between Sales and Cash Receipts should be changed toa. Sales (0..1) - (1..*) Cash Receipts.b. Sales (1..1) - (0..*) Cash Receipts.c. Sales (1..1) - (1..1) Cash
The FROM clause to the SELECT statement used in SQL indicatesa. the name of the table(s) from which to retrieve data.b. the name of the column(s) from which to retrieve data.c. the name of the database(s) from which to retrieve data.d. the name of the query from which to retrieve data.
The WHERE clause to the SELECT statement used in SQL states the criteria that must be meta. to include a table in the query.b. to be included as an attribute in the table.c. to be included in the database.d. to be shown in the query result.
The “ORDER BY Amount ASC” clause to the SELECT statement used in SQL suggests thata. the amount of the query result will be listed in ascending order.b. the amount of the query result will be listed in descending order.c. the data attribute ASC be shown in order.d. None of the above
SAP modules available for implementation includea. Payroll, Personnel Time Management, and Enterprise Management.b. Payroll, Financial Accounting, and Enterprise Management.c. Financial Accounting, Payroll, and Sales and Distribution.d. Sales and Distribution, Financial Accounting, and Procurement.
Cloud computinga. takes energy from the sun and clouds.b. is Internet-based computing, where shared resources, software, and information are provided to firms on demand.c. requires a firm to make an extensive investment in hardware and software to meet firm needs.d. can meet computing needs today
The GROUP BY operator in SQL is used toa. aggregate functions on the query results based on one or more columns.b. identify which columns are used to sort the resulting data.c. state the criteria that must be met to be shown in the query result.d. indicate the name of the table from which to
Ellen asks you to give her a list of the books that each author wrote.Write a complete SQL statement to provide the information to Ellen, including author names, book titles, publishers, and the years of publication.Ellen Novotny started an online bookstore in 2023. You are Ellen’s best friend
Ellen wants to know how many books each author wrote. Write a SQL statement to provide such information to Ellen.Ellen Novotny started an online bookstore in 2023. You are Ellen’s best friend and promised to help her. Ellen asked you to create a small database to track the information on books
You are going to send emails to inform the customers that the books ordered have been shipped. Write a SQL statement to obtain the complete information on the book title(s), unit price(s), and the number of each book purchased to be sent to the customers.Ellen Novotny started an online bookstore in
Ellen wants to know how many copies of each book were sold. Write a SQL statement to obtain the necessary information you think Ellen wants.Ellen Novotny started an online bookstore in 2023. You are Ellen’s best friend and promised to help her. Ellen asked you to create a small database to track
Ellen wants to know the dollar amount of total sales made on September 1, 2023. Write a SQL statement to obtain the necessary information you think Ellen wants.Ellen Novotny started an online bookstore in 2023. You are Ellen’s best friend and promised to help her. Ellen asked you to create a
Based on the two tables and the attributes below, write SQL commands for each question to retrieve the data from the database.a. How many customer records are stored in the database?b. List customers who live in New York.c. List customers with credit limits greater than $50,000.d. List sales
Based on the three tables and the attributes below, write SQL commands for each question to retrieve the data from the database.a. What are the foreign keys in the Sales table?b. How many sales transactions were made in March 2024?c. Which sales transactions were made by the employee whose ID is
Identify the primary key of each table in the following partial database. Author Table Author ID AU-1 AU-2 AU-3 AU-4 AU-5 AU-6 Last Name Adams Brown Davis Newport Pham Sviokla First Name Eric Jennifer Keith Kevin John Julia Email Eric168@yahoo.com jenifferb@gmail.com keithd@gmail.com
Show how each table in the partial database provided with Problem 19 is linked with to the other table(s).Tables From Problem 19: Author Table Author ID AU-1 AU-2 AU-3 AU-4 AU-5 AU-6 Last Name Adams Brown Davis Newport Pham Sviokla First Name Eric Jennifer Keith Kevin John Julia Email
Which of the following is not an activity within the sales and collection process?a. Selling products and servicesb. Billing customersc. Managing accounts receivabled. Recording payments from customerse. All of these options are sales and collection activities
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