Questions from Accounting Information Systems

Q: Thomas Clark is an accounting software consultant at Tann and Associates Consulting

Thomas Clark is an accounting software consultant at Tann and Associates Consulting. Tann is a value added reseller of accounting software for midsize companies, which normally have revenue between $5...

Q: If an accounting information system were entirely a manual system (no

If an accounting information system were entirely a manual system (no computers used), explain how data would be captured, recorded, classified, summarized, and reported. Discuss how the sophisticatio...

Q: Classify each of the following as a revenue process, expenditure process

Classify each of the following as a revenue process, expenditure process, conversion process, or administrative process: a. Selling common stock to raise capital b. Purchasing electronic components...

Q: Business processes are composed of three common stages: an initial event

Business processes are composed of three common stages: an initial event, a beginning, and an end. For items a–h listed in Problem 48, identify the applicable initial event, beginning, and end of the...

Q: For an accounts receivable system, what kind of data would be

For an accounts receivable system, what kind of data would be found in the master files and transaction files, respectively? What type of structured and unstructured data might relate to an accounts r...

Q: Each of the points listed next represents an internal control that may

Each of the points listed next represents an internal control that may be implemented within a company’s accounting information system to reduce various risks. For each point, identify the appropriate...

Q: Using the Internet or other research tool, search for the terms

Using the Internet or other research tool, search for the terms “RFID” and “supply chain.” Put both of these terms in your search and be sure that “supply chain” is in quotation marks. Read some of th...

Q: Go to the COSO website and locate the guidance on enterprise risk

Go to the COSO website and locate the guidance on enterprise risk management. The executive summary of the article “Enterprise risk management—Integrated Framework” can be downloaded at no cost. Read...

Q: Using the Internet or other research tool, search for the term

Using the Internet or other research tool, search for the term (in quotations) “earnings management.” From the items you read, answer the following questions: a. Is earnings management always crimina...

Q: Using the Internet or other research tool, search for “HealthSouth

Using the Internet or other research tool, search for “HealthSouth” and “fraud” or “Scrushy” (the name of the company’s CEO). Explain the fraud that occurred at HealthSouth Corporation. What was the u...