Questions from Accounting Information Systems

Q: You are the recent heir of $40,000 cash,

You are the recent heir of $40,000 cash, with which you are considering opening a sushi bar in the university community. You would accept cash and credit card payments, which would be handled primaril...

Q: Caleb Westerfield is the owner of CW Sports, a consignment shop

Caleb Westerfield is the owner of CW Sports, a consignment shop for used sporting goods. Caleb accepts consigned goods and offers them for sale to the general public. Caleb rents business space, inclu...

Q: Identify an internal control procedure that would reduce each of the risks

Identify an internal control procedure that would reduce each of the risks that follow in a manual system. Also, describe how (or if) an IT system could reduce these risks: a. Revenues may be recorde...

Q: When an order for inventory items is fulfilled, in Microsoft Dynamics

When an order for inventory items is fulfilled, in Microsoft Dynamics GP the items are reviewed to see if there is available stock to fill the order for the line item. If there is no available stock,...

Q: The following list presents various internal control strengths or risks that may

The following list presents various internal control strengths or risks that may be found in a company’s revenues and cash collection processes: ——— Credit is authorized by the credit manager. ——— Ch...

Q: Visit the financial education website created by Equade Internet Ltd. at

Visit the financial education website created by Equade Internet Ltd. at www.investopedia.com. Note the definition for channel stuffing. According to this site, what is the primary motivation for chan...

Q: Using a search engine, locate an article written by Vangie Beal

Using a search engine, locate an article written by Vangie Beal titled “Top 2012 eCommerce Trends.” Briefly describe the main point of this article.

Q: This chapter mentioned alleged fraudulent revenue reporting at Coca‐Cola and

This chapter mentioned alleged fraudulent revenue reporting at Coca‐Cola and McAfee. Using a search engine, search the phrase “SEC Channel Stuffing.” Give one more example of a company that was invest...

Q: Refer to the Real World example for City Harvest and the details

Refer to the Real World example for City Harvest and the details in the chapter. Outline the business process improvements that can occur in the inventory and purchasing processes when a manual or non...

Q: Melissa Simpson is currently pursuing her accounting degree at Fairfield University.

Melissa Simpson is currently pursuing her accounting degree at Fairfield University. She has excelled in each of her major courses to date; however, she tends to struggle in her computer classes and w...