New Semester
Started
Get
50% OFF
Study Help!
--h --m --s
Claim Now
Question Answers
Textbooks
Find textbooks, questions and answers
Oops, something went wrong!
Change your search query and then try again
S
Books
FREE
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
Tutors
Online Tutors
Find a Tutor
Hire a Tutor
Become a Tutor
AI Tutor
AI Study Planner
NEW
Sell Books
Search
Search
Sign In
Register
study help
business
accounting information systems
Accounting Information Systems 6th Edition James A. Hall - Solutions
Manufacturing Processes Consider a pizzeria that sells pizza, pasta, lasagna, meatball sandwiches, and sodas. Discuss the methods in which the products would be manufactured undera. the traditional manufacturing environment.b. CIM.
Zero Defects Process Playthings, a toy manufacturer specializing in toys for toddlers, is considering switching to a JIT manufacturing process. The CEO has been talking with the production consultants, who tell her that a new philosophy must be embraced: If a defective part of an out-ofcontrol
Blades R Us—Comprehensive Case(Prepared by Edward P. Kiernan and Abigail Olken, Lehigh University)Blades R Us is a growing manufacturing firm that produces high-pressure turbine blades.The company supplies these to airline companies as replacement parts for use in large commercial jet engines.
Bumper Cars, Ltd.—Inventory Management and Control(Prepared by Julie Fisch and Melinda Bowman, Lehigh University)In 1983, Mr. Amusement created Bumper Cars, Ltd., a company whose main concern was the manufacture and repair of the exterior shells of bumper cars used in amusement parks. Although
General Manufacturing Inc.—Internal Controls Assessment The production process at General Manufacturing Inc., involves the planning, scheduling, and controlling of the physical products through the manufacturing process. General’s manufacturing process begins in the production planning and
SAGA Fly Fishing, Inc.—Internal Controls Assessment SAGA Fly Fishing, Inc., is a manufacturer of high-quality fly fishing equipment that includes rods, reels, fly lines, nets, drift boats, waders, and other equipment. It also produces lowend and moderately priced spinning rods and saltwater
Nautilus Water Pumps, Inc.—Internal Controls Assessment(Prepared by Scott Pasquale and Kyle Smith, Lehigh University)Nautilus Water Pumps, Inc., manufactures automotive water pumps. Since 1988 it has supplied the Big Three (Ford Motor Company, General Motors, and Chrysler) North American auto
Lean Manufacturing Principles Write an essay outlining the key principles of lean manufacturing.
The boxes are sealed, addressed, and sent to one of the kitchen stores.Required:What do you suppose are components of overhead for this company? Determine a logical cost driver for each process.
Activity Drivers Cut It Up, Inc., is a manufacturer of wooden cutting boards that are sold through a chain of kitchen stores. For years, the company has allocated overhead based on total machine hours. A recent assessment of overhead costs has shown that these costs are now in excess of 40 percent
Which line segment identifies the quantity of safety stock maintained?a. ABb. AEc. ACd. BCe. EF
Which line segment represents the reorder lead time?a. ABb. AEc. AFd. BCe. AC
How can ABC be used to switch the management of business activities from a custodial task to a continuous improvement activity?
Identify three areas where the consumer directly uses CAD software applications to aid in designing the product.
What role does the GL department play in the conversion cycle?
How are cost structures fundamentally different between the traditional and CIM environments?
What is a value stream map (VSM)?
Refer to the equation for the EOQ in the text.Car Country, a local Ford dealer, sells 1,280 small SUVs each year. Keeping a car on the lot costs Car Country $200 per month, so the company prefers to order as few SUVs as is economically feasible. However, each time an order is placed, the company
The fundamental EOQ modela. provides for fluctuating lead times during reorder cycles.b. is relatively insensitive to errors in demand, procurement costs, and carrying costs.c. focuses on the trade-off between production costs and carrying costs.d. is stochastic in nature.e. is best used in
Explain why traditional cost allocation methods fail in a CIM environment.
Discuss the disadvantages of ABC.
Discuss the advantages of ABC.
Supervisors in the work centers oversee the usage of RM in production; explain why the work centers do not keep the records of the WIP.
A&V Safety, Inc.(Prepared by Adam Johnson and Aneesh Varma, Lehigh University)A&V Safety Inc. is a growing company specializing in the sales of safety equipment to commercial entities. It currently employs 200 full-time employees who all work out of their headquarters in San Diego, California.
Walker Books, Inc.(Prepared by Matt Wisser, Lehigh University)Company Background Walker Books, Inc., is currently one of the largest book distributors in the United States.Established in 1981 in Palo Alto, California, Walker Books was originally a side project of founder and current president
Accounting Documents Required: Answer the following questions.a. Which department is responsible for initiating the purchase of materials?b. What is the name of the document generated by the department identified in (a) above?c. Typically, multiple copies of a purchase order are prepared. One copy
Internal Control The following is a description of manufacturing company’s purchasing procedures. All computers in the company are networked to a centralized accounting system so that each terminal has full access to a common database.The inventory control clerk periodically checks inventory
Data Processing Output Using the information provided in Problem 9, discuss all transaction listings and summary reports that would be necessary for a batch system with real-time input of data.
Purchase Discounts Lost Estimate the amount of money AP and cash disbursements departments could save if a basic batch-processing system were implemented.Assume that the clerical workers cost the firm $12 per hour, that 13,000 vouchers are prepared, and that 5,000 checks are written per year.
Internal Control Using the flowchart below of a purchases system, identify six major control weaknesses in the system. Discuss and classify each weakness in accordance with SAS 78. Internal Control Vendor Purchases Inventory Control Receiving Accounts Payable Cash Disbursments Goods Arrive General
Data Processing Explain how the processing procedures would differ, if at all, for the transactions listed in Problem 6 if a computer-based system witha. a basic batch-processing system were implemented.b. a batch-processing system with real-time data input were used.
Premier Sports Memorabilia General Scenario(Prepared by Chris Polchinski, Lehigh University)Premier Sports Memorabilia is a mediumsized, rapidly growing online and cataloguebased retailer centered in Brooklyn, New York. The company was founded in 1990 and specializes in providing the customer with
Jasmine Tea(Prepared by Meridith Coyne and Gaby Keely, Lehigh University)Jasmine Tea! is the largest coffee distributor in the Northeast. They distribute specialty tea leaves to coffee shops, cafes, and restaurants.The company headquarters is located in Newark, New Jersey; in addition, there are
Music Source, Inc.(Prepared by Jeff Davis, Gen Feldman, and Denise Nuccio, Lehigh University)Company Information Music Source, Inc., is a manufacturer of stereo equipment with six sales offices nationwide and one manufacturing plant in Pennsylvania.Currently, employment is at approximately 200
New Born Candy Company(Prepared by Gaurav Mirchandani and Matthew Demko, Lehigh University)New Born Candy Company is the premier manufacturer and marketer of one of the bestselling candies today. The company manufactures and markets a variety of sugar-intense candies. James Born, the current CEO of
USA Cycle Company(Prepared by Kim Hancy, Lehigh University)USA Cycle Company is one of the fastestgrowing bicycle distributors in the United States, with headquarters in Chicago, Illinois.Their primary business is distribution of bicycles assembled in China, but they also have a smaller,
Green Mountain Coffee Roasters, Inc.(Prepared by Ronica Sharma, Lehigh University)Green Mountain Coffee Roasters, Inc., was founded in 1981 and began as a small cafe in Waitsfield, Vermont, roasting and serving premium coffee on the premises. Green Mountain blends and distributes coffee to a
Bait ‘n Reel Superstore(Prepared by Matt Wisser, Lehigh University)Bait ‘n Reel was established in 1983 by Jamie Roberts, an avid fisherman and environmentalist.Growing up in Pennsylvania’s Pocono Mountains region, Roberts was lucky enough to have a large lake right down the road where he
Source Documents Identification Explain, in detail, the process by which the information is obtained and the source of information for each of the fields in the expenditure cycle files. (See Figure 5-15 for a complete listing of files and fields.)
Accounting Records and Files Indicate which department—accounts payable, cash disbursements, data processing, purchasing, inventory, or receiving—has ownership over the following files and registers:a. open purchase order fileb. purchase requisition filec. open purchase requisition filed.
Which duties should be segregated?a. matching purchase requisitions, receiving reports, and invoices and authorizing paymentb. authorizing payment and maintaining the check registerc. writing checks and maintaining the check registerd. authorizing payment and maintaining the AP subsidiary ledger
Which statement is NOT correct for an expenditure system with proper internal controls?a. Cash disbursements maintain the check register.b. AP maintains the AP subsidiary ledger.c. AP is responsible for paying invoices.d. AP is responsible for authorizing invoices.
When the goods are received and the receiving report has been prepared, which ledger may be updated?a. standard cost inventory ledgerb. inventory subsidiary ledgerc. general ledgerd. AP subsidiary ledger
Which document helps to ensure that the receiving clerks actually count the number of goods received?a. packing listb. blind copy of purchase orderc. shipping noticed. invoice
Which one of the following departments does not have a copy of the purchase order?a. the purchasing departmentb. the receiving departmentc. accounts payabled. general ledger
Which document typically triggers the process of recording a liability?a. purchase requisitionb. purchase orderc. receiving reportd. supplier’s invoice
Flowchart Analysis Examine the diagram on the following page and indicate any incorrect initiation and/or transfer of documentation. What problems could this cause? Vendor Purchases Inventory Control Purchase Order Packing Slip Prepare Purchase Requisition Inventory Ledger PO and PO Purchase
Jethro’s likes to keep funds available for use as long as possible without missing any discounts.
Document Preparation Create the appropriate documents (purchase requisition, purchase order, receiving report, inventory record, and disbursement voucher)and prepare any journal entries needed to process the following business events for Jethro’s Boot & Western Wear Manufacturing Company (this is
Inventory Ordering Alternatives Refer to Figure 5-16 in the text, which illustrates three alternative methods of ordering inventory.Required:a. Distinguish between a purchase requisition and a purchase order.b. Discuss the primary advantage of alternative two over alternative one. Be specific.c.
Assume the following details:Terms of trade FOB shipping point June 10, buyer sends purchase order to seller June 15, seller ships goods July 5, buyer receives goods July 10, buyer receives seller’s invoice Required:a. Could this transaction have resulted in an unrecorded liability in the
Unrecorded Liabilities You are auditing the financial statements of a New York City company that buys a product from a manufacturer in Los Angeles. The buyer closes its books on June
Which of the following is true?a. The cash disbursement function is part of accounts payable.b. Cash disbursements is an independent accounting function.c. Cash disbursements is a treasury function.d. The cash disbursement function is part of the general ledger department.
Which of the following tasks should the cash disbursement clerk NOT perform?a. review the supporting documents for completeness and accuracyb. prepare checksc. approve the liabilityd. mark the supporting documents paid
Payroll Controls Sherman Company employs 400 production, maintenance, and janitorial workers in eight separate departments. In addition to supervising operations, the supervisors of the departments are responsible for recruiting, hiring, and firing workers within their areas of responsibility.The
An important reconciliation in the payroll system is whena. the general ledger department compares the labor distribution summary from cost accounting to the disbursement voucher from AP.b. the personnel department compares the number of employees authorized to receive a paycheck to the number of
The document that captures the total amount of time that individual workers spend on each production job is called aa. time card.b. job ticket.c. personnel action form.d. labor distribution form.
Which internal control is not an important part of the payroll system?a. supervisors verify the accuracy of employee time cardsb. paychecks are distributed by an independent paymasterc. the AP department verifies the accuracy of the payroll register before transferring payroll funds to the general
The department responsible for approving pay rate changes isa. payrollb. treasurerc. personneld. cash disbursements
Which function should distribute paychecks?a. personnelb. timekeepingc. paymasterd. payroll
Payroll Controls Refer to the flowchart below.Required:a. What risks are associated with the payroll procedures depicted in the flowchart?b. Discuss two control techniques that will reduce or eliminate the risks. Employee Time Card Paycheck Payroll Controls Supervisor Time Card Supervisor Approves
Payroll Fraud John Smith worked in the stockyard of a large building supply company. One day he unexpectedly left for California, never to return. His foreman seized the opportunity to continue to submit time cards for John to the payroll department.Each week, as part of his normal duties, the
How do fixed asset systems differ from purchases systems?
What are the objectives of a fixed asset system?
What are the strengths and weaknesses of a batch process with sequential files?
What is the importance of the job ticket? Illustrate the flow of this document and its information from inception to impact on the financial statements.
Hashing Algorithm The systems programmer uses a hashing algorithm to determine storage addresses. The hashing structure is 9,997/key. The resulting number is then used to locate the record. The first two digits after the decimal point represent the cylinder number, while the second two digits
Backup and Recovery Procedures for Database Files Figure 2-30 provides a backup and recovery system for files that are updated using a destructive update approach. Now think about a specific situation that might use this approach. A company creates its sales order transaction file in batches. Once
Manual System Accounting Records The Manual System section of this text presents the documents, journals, and ledgers typically used for the revenue cycle of a manual system.Using this discussion as a guideline, present the documents, journals, and ledgers for an expenditure cycle. Presume the
File Organization For the following situations, indicate the most appropriate type of file organization. Explain your choice.a. A local utility company has 80,000 residential customers and 10,000 commercial customers.The monthly billings are staggered throughout the month and, as a result, the cash
Access Methods For each of the following file processing operations, indicate whether a sequential file, indexed random file, virtual storage access method (VSAM), hashing, or pointer structure would work best. You may choose as many as you wish for each step. Also indicate which would perform the
System Documentation—Payroll Required:Assuming the payroll system described in Problem 14 uses database files and computer processing procedures, prepare a data flow diagram, an ER diagram, and a systems flowchart.
System Documentation—Payroll The following describes the payroll procedures for a hypothetical company.Every Thursday, the timekeeping clerk sends employee time cards to the payroll department for processing. Based on the hours worked reflected on the time cards, the employee pay rate and
Record Structures for Receipt of Items Ordered Refer to Figure 2-28 and the discussion about updating master files from transaction files. The discussion presents the record structures for a sales transaction. Prepare a diagram(similar to Figure 2-28) that presents the record structure for the
System Documentation—Expenditure Cycle The following describes the expenditure cycle procedures for a hypothetical company.The inventory control clerk examines the inventory records for items that must be replenished and prepares a two-part purchase requisition.Copy 1 of the requisition is sent
Transaction Cycle Relationship Refer to Figure 2-1, which provides a generic look at relationships between transaction cycles. Modify this figure to reflect the transaction cycles you might find at a dentist’s office.
Data Flow Diagram Data Flow diagrams employ four different symbols. What are these symbols and what does each symbol represent?
System Flowcharts and Program Flowchart From the diagram in Problem 8, identify three types of errors that may cause a payroll record to be placed in the error file. Use a program flowchart to illustrate the edit program.
System FlowchartUsing the diagram on the following page, answer the following questions:a. What do Symbols 1 and 2 represent?b. What does the operation involving Symbols 3 and 4 depict?c. What does the operation involving Symbols 4 and 5 depict?d. What does the operation involving Symbols 6, 8, and
Entity Relationship DiagramRefer to the ER diagram in Problem 4.Modify the diagram to deal with payments of merchandise purchased. Explain the business rules represented by the cardinalities in the diagram.(You may wish to refer to Chapter 5.)
Document Flowchart Figure 2-4 illustrates how a customer order is transformed into a source document, a product document, and a turnaround document.Develop a similar flowchart for the process of paying hourly employees. Assume time sheets are used and the payroll department must total the hours.
Types of Files For each of the following records, indicate the appropriate related file structure: master file, transaction file, reference file, or archive file.a. customer ledgersb. purchase ordersc. list of authorized vendorsd. records related to prior pay periodse. vendor ledgersf. hours each
Transaction Cycle Identification Categorize each of the following activities into the expenditure, conversion, or revenue cycles and identify the applicable subsystem.a. preparing the weekly payroll for manufacturing personnelb. releasing raw materials for use in the manufacturing cyclec. recording
Which of the following is true of the relationship between subsidiary ledgers and general ledger accounts?a. The two contain different and unrelated data.b. All general ledger accounts have subsidiaries.c. The relationship between the two provides an audit trail from the financial statements to the
Which of the following is NOT a true statement?a. Transactions are recorded on source documents and are posted to journals.b. Transactions are recorded in journals and are posted to ledgers.c. Infrequent transactions are recorded in the general journal.d. Frequent transactions are recorded in
An advantage of a physical address pointer is thata. it points directly to the actual disk storage location.b. it is easily recovered if it is inadvertently lost.c. it remains unchanged when disks are reorganized.d. all of the above are advantages of the physical address pointer.
Which statement is true about a hashing structure?a. The same address could be calculated for two records.b. Storage space is used efficiently.c. Records cannot be accessed rapidly.d. A separate index is required.
Which statement is NOT correct? The indexed sequential access methoda. is used for very large files that need both direct access and batch processing.b. may use an overflow area for records.c. provides an exact physical address for each record.d. is appropriate for files that require few insertions
Which statement is NOT correct?a. Legacy systems may process financially significant transactions.b. Some legacy systems use database technology.c. Mainframes are exclusive to legacy systems, while modern systems use only the clientserver model.d. All the above are true.
Which of the following is NOT an advantage of real-time processing files over batch processing?a. shorter transaction processing timeb. reduction of inventory stocksc. improved customer serviced. all are advantages
A documentation tool used to represent the logical elements of a system is a(n)a. programming flowchart.b. entity relationship diagram.c. document flowchart.d. data flow diagram.
Which of the following files is a temporary file?a. transaction fileb. master filec. reference filed. none of the above
A documentation tool that depicts the physical flow of information relating to a particular transaction through an organization is aa. document flowchart.b. program flowchart.c. decision table.d. work distribution analysis.e. systems survey.
Should an auditor wishing to assess the adequacy of separation of functions examine a data flow diagram, a document flowchart, or a system flowchart? Why?
Describe a specific accounting application that could make use of a VSAM file.
Discuss the relationship between the balance in the accounts payable general ledger control account and what is found in the accounts payable subsidiary ledger.
Would the write-down of obsolete inventory be recorded in a special journal or the general journal? Why?
Is a DFD an effective documentation technique for identifying who or what performs a particular task? Explain.
For what purpose are ER diagrams used?
Distinguish between entity relationship diagrams, data flow diagrams, document flowcharts, and system flowcharts.
Showing 300 - 400
of 5294
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Last
Step by Step Answers
Get 50% OFF
Claim Now
