Questions from Accounting Information Systems

Q: What is the purpose of a credit memorandum?

What is the purpose of a credit memorandum?

Q: How are sales invoices used (in a manual system) in

How are sales invoices used (in a manual system) in the preparation of credit memos?

Q: Distinguish between B2B sales and B2C sales. Other than those presented

Distinguish between B2B sales and B2C sales. Other than those presented in this chapter, name a company from your personal experience that uses B2C sales.

Q: Identify the steps involved in risk assessment. Do you think it

Identify the steps involved in risk assessment. Do you think it would be effective for an organization to hire external consultants to develop its risk assessment plan? Why, or why not?

Q: List the advantages of e‐commerce systems.

List the advantages of e‐commerce systems.

Q: Why is a redundant server system needed in an e‐commerce

Why is a redundant server system needed in an e‐commerce environment?

Q: What are the three important characteristics of the EDI definition?

What are the three important characteristics of the EDI definition?

Q: How could it be possible for two companies to conduct EDI if

How could it be possible for two companies to conduct EDI if they are not directly connected with each other?

Q: List the advantages of an EDI system.

List the advantages of an EDI system.

Q: What is the purpose of maintaining transaction logs? Why are they

What is the purpose of maintaining transaction logs? Why are they especially important in IT systems?