Questions from Accounting Information Systems

Q: Why do you think that surveys continue to find that a sizable

Why do you think that surveys continue to find that a sizable percentage of organizations either do not have formal disaster recovery and business continuity plans or have not tested and revised those...

Q: Match the term in the left column with its definition in the

Match the term in the left column with its definition in the right column. 1. CRM system a. Document used to authorize reducing the balance in a customer account  2. Open-invoice method b. Proces...

Q: How would you respond to the treasurer of a small charity who

How would you respond to the treasurer of a small charity who tells you that the organization does not use a separate checking account for payroll because the benefits are not worth the extra monthly...

Q: Match the terms in the left column with their appropriate definition in

Match the terms in the left column with their appropriate definition in the right column. Terms Definitions   economic order quantity A document that creates a legal obligation to buy and pay for...

Q: (Hint: For help on steps b and c, see

(Hint: For help on steps b and c, see the article “Dial a Forecast,” by James A. Weisel, in the December 2006 issue of the Journal of Accountancy. The Journal of Accountancy is available in print or o...

Q: Use Table 13-2 to create a questionnaire checklist that can

Use Table 13-2 to create a questionnaire checklist that can be used to evaluate controls for each of the basic activities in the expenditure cycle (ordering goods, receiving, approving supplier invoic...

Q: Use Table 14-1 to create a questionnaire checklist that can

Use Table 14-1 to create a questionnaire checklist that can be used to evaluate controls for each of the basic activities in the production cycle (product design, planning and scheduling, production o...

Q: Match the terms in the left column with their definitions from the

Match the terms in the left column with their definitions from the right column: 1. Bill of materials a. A factor that causes costs to change.  2. Operations list b. A measure of the number of...

Q: Revlon hired Logisticon to install a real-time invoice and inventory

Revlon hired Logisticon to install a real-time invoice and inventory processing system. Seven months later, when the system crashed, Revlon blamed the Logisticon programming bugs they discovered and w...

Q: Match threats in the first column to appropriate control procedures in the

Match threats in the first column to appropriate control procedures in the second column. More than one control may be applicable. Threat Control Procedure   Failing to take available purchase dis...