Real-time systems might be appropriate for all of the following EXCEPTa. airline reservations.b. payroll.c. point-of-sale transactions.d. air traffic control systems.e. all of these applications typically utilize realtime processing.

Real-time systems might be appropriate for all of the following EXCEPTa. airline reservations.b. payroll.c. point-of-sale transactions.d. air traffic control systems.e. all of these applications typically utilize realtime processing.

Accounting Information Systems

10th Edition

ISBN:9781337619202

Author:Hall, James A.

Publisher:Hall, James A.

Chapter8: Financial Reporting And Management Reporting Systems

Section: Chapter Questions

Problem 5P

See similar textbooks

Related questions

Q: Normally revenue is recognized when:

A: Answer

Q: Which of the following activities would use number of customer orders as an activity base? A.…

A: Activity-based costing: It is a method that helps in finding the activities performed by a company…

Q: Discuss how the nature of the necessary internal control features is affected by switching from a…

A: There are five elements in internal controls that are necessary for producing accurate and reliable…

Q: Identify each item 1 through 10 with the system component A through E that it is best associated…

A: Accounting information System: An information system takes the raw data as input converts into the…

Q: which of the following banking-related systems considered as a core system: Select one: O. a. All of…

A: There are various core systems.

Q: The general ledger clerk receives summary data from which departments?what form of summary data?

Q: Revenue Cycle. a. Give three examples of access control in a point-of-sale (POS) system. a. Discuss…

A: POS is the place where the actual sale events occurred and all sales are recorded in the books of…

Q: Why do companies use sequential prenumbering for documents such as checks, sales invoices, and…

A: Pre numbered documents are a main feature of an internal control system. The pre numbering of…

Q: Discuss the trade-off in choosing to update the general ledger accounts in real time.

A: Real Time versus Batch Processing: Real time processing refers to the changes that are updated in…

Q: Discuss how the nature of the necessary internal control features is affected by switching from a…

A: Internal Control:- It is the process in which a company puts a check on their employees for each…

Q: The outputs of a computerized accounting information system are called Reports. Software.…

A: Accounting information systems: Accounting information system is a system that collects, stores,…

Q: Which of the following events would be LEAST likely to be modeled in an REA diagram?a. customer…

A: Definition: REA model: The graphical representation which shows the re-engineered accounting system…

Q: Which statement about Revenue Cycle is correct?

A: The revenue cycle begins with providing a product or service and ends when the invoice is paid in…

Q: has hired you to review its sales order procedures for internal control compliance and to make…

A: Hey there since you have posted multiple questions, we can answer only first three questions for…

Q: Compare and contrast a manual accounting system for processing customer transactions. Include an…

A: A manual accounting system is a bookkeeping system for recording business activity transactions,…

Q: what information do you need to capture from a customer in order to accurately and completely fill…

A: Information captured from a customer to complete an order the accurate and complete filled order…

Q: 4. SYSTEM FLOWCHART AP Using the format presented in Figure 2-4 in the text, develop a similar…

A: Transaction processing system: Whenever something is sold on an online mode or over the internet the…

Q: What happens to the special journal in a computerized accounting system that uses electronic forms?

A: In computerised accounting system the transactions are recorded in electronic form. Almost all…

Q: What can you do to ensure that all payments are accurately coded and allocated to accounts?

A: SOLUTION- Coding in accounting is the process of assigning numbers or letters to data to create a…

Q: The payables clerk obtains and matches the purchase order, receiving report, and vendor's invoice…

A: Clerk: A clerk refers to an individual who is an employee of a company or a bank and is responsible…

Q: Where does the client initiate the setup of QuickBooks Payments

A: QuickBooks seems to be an accounting software company whose services include desktop, internet, and…

Q: Documentation is required in helping varying degrees of user sophistication in using the information…

A: Accounting software is the software which is used by the company or any business be it a small…

Q: If the company has a multiple trasactions, what ledger should you post the trasaction?

A: Financial accounting involves recording of financial transactions of a firm during the accounting…

Q: Before processing a batch of invoices, the accounts payable clerk sums the quantities billed. The…

A: Accounts payable forms a part of current liabilities of the business and represent the amount due to…

Q: Match each word or phrase with the best description of it. Descriptions Words / Phrases…

A: Answer a: Allows multiple users to access the system at the same time.- Network - Compatible…

Q: You were hired to assist Oman based Company in designing an accounting system for Oman Co., Ltd. has…

A: We will answer only first three subparts of the question as it is not specified which sub part is to…

Q: The usual sequence of steps in the transaction recording process is: journal ledger → analyze.…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: All of the following can provide source data except ________.A. a scanning device at the grocery…

A: Source data is the data or information which becomes the input for further processing. This source…

Q: ayroll records serve as backup for

A: Payroll refers to the desired dum of money a company or an employer pays to its employees for the…

Q: One business activity data have been entered in to the system, they must be to keep the database…

A: Once business activity data has been entered into the system, they must be data processed to keep…

Q: FIGURE 2-24 FLOWCHART SHOWING THE TRANSLATION OF FACTS I, 2, AND Sales Department Computer…

A: In a flow chart the sequence of activities is shown entirely

Q: Which files do you usually find in a sales order module versus an accounts receivable (customer)…

A: Sale is the outflow of the commodities or the inventory held with the business entity to generate…

Q: How are system flowcharts and program flow charts related? (this is related to accounting…

A: System flowcharts refer to the concept of showcasing the whole route of data flows in a system and…

Q: An invoice is generated in the cash receipts process. sales order creation process. shipping…

A: Invoice is a copy issued by the Seller to the Buyer. It consists of all the details such as, Date…

Q: a. Give three examples of access control in a point-of-sale (POS) system. a. Discuss how the nature…

A: The question is based software security and access point control at point to sale system.

Q: ware to analyze the customer and vendor’s Payments and Receipts? Justify the figures using

A: Software used: QuickBooks Premier Plus Contractor Edition 2019-Desktop Needed: A report showing…

Q: How can reengineering of the sales order processing subsystem be accomplished using the Internet?

A: Sales Order Procedures: Sales order procedures include a thorough systematic procedure for sale of…

Q: Match each example with a component of a computerized accounting information system. Components may…

A: component of a computerized accounting information system. Components may be used more than once.:…

Q: State the purpose of footing the total column in the client’saccounts receivable trial balance,…

A: A necessary audit procedure is to test the information on the client's trial balance for detail…

Question

Real-time systems might be appropriate for all of the following EXCEPT
a. airline reservations.
b. payroll.
c. point-of-sale transactions.
d. air traffic control systems.
e. all of these applications typically utilize realtime processing.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Which of the following activities would use number of customer orders as an activity base? A. Order shipping B. Invoicing & collecting C. Customer return processing D. Both A & B
Describe briefly the processing of transactions, including internal control features, in the following functions under the sales and collection cycle:a. order entryb. customer billing
Which of the following is NOT a financial transaction? Purchase of inventory Cash receipts update valid vendor file Question 2 Which is the least appropriate type of transaction for a real-time system? air traffic control systems point-of-sale transactions airline reservations payroll
Compare and contrast a manual accounting system for processing customer transactions. Include an explanation of how the accounts receivable subsidiary ledger compares with the Customer Center.
Subject: Accounting Information SystemQuestion: What would be the correct system flowchart for this given process: Accounts Payable and Cash Disbursement Process:Vendors send invoices to the AP department where they are reviewed and approved for payment. Once approved, the invoice and a cash disbursement voucher are sent to the cash disbursement department, where a check is prepared and sent to the vendor. A copy of the check, the invoice, and the voucher are returned to the AP department and filed.
OLTP VERSUS OLAP SERVERS For each of the following processes, state whether OLTP or OLAP is appropriate, and why. An order entry system that retrieves customer information, invoice information, and inventory information for local sales. An order entry system that retrieves customer information, invoice information, inventory information, and several years of sales information about both the customer and the inventory items. An order entry system that retrieves customer information, invoice information, inventory information, and information to compare the current sale to sales across several geographic regions. An order entry system that retrieves customer information, invoice information, inventory information, and accounts receivable information for sales within one marketing region. An insurance company requires a system that will allow it to determine total claims by region, whether a relationship exists between claims and meteorological phenomena, and why one region seems to be…
Discuss how the nature of the necessary internal control features is affected by switchingfrom a manual system to a large-scale computer-based accounting system
Which of the following is an example of an input control? a.making sure report that are distributed to the proper people b.monitoring the work of data entry clerks. c. Collecting accurate statistics of historical transactions while gathering data. d. Performing a check-digit test on a customer acount number e.Having anothr person review the design of a business form
Using the flowchart structure presented in Figure 2- in the text, prepare a system flowchart of the pro- cess outlined in Problem 3. Assume the following: Hard-copy timesheets are submitted by employees to department management. Managers submit the time sheet data digitally from their department terminals to the automated payroll application located in the data center. The automated system posts the transactions to the digital payroll file. The system also prepares and distributes hard- copy checks and cost center reports to employees and management respectively. Managers review the reports and file them in their departments
Which files do you usually find in a sales order module versus an account receivable (customer module)? Why does this difference exist?
the purchases and disbursements cycle usually begins when a. a user department request for acquisition of goods or services and submits purchase requisition to the purchasing department b. a check is issued to the vendor or supplier c. the warehouse is received the goods from the vendor or supplier d. the accounting posts the purchase transaction in the accounts payable ledger