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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

Match the concept in List 1 with the definition or description in List 2. There is only one correct or best answer for each match. Therefore, you should have two letters left over from List 1.

List 1—Concepts

  1. A. Application (i.e., automated) control
  2. B. Corrective control
  3. C. Control environment
  4. D. Input validity
  5. E. Input completeness
  6. F. Efficient use of resources
  7. G. Business process (i.e., manual) control
  8. H. Preventive control
  9. I. Detective control
  10. J. Input accuracy
  11. K. Update completeness
  12. L. Update accuracy

List 2—Definitions/Descriptions

     _____ 1. Insurance policy reimburses a company for losses due to a fire in a warehouse.

     _____ 2. Shipping notices have a serial number that is tracked to ensure that they are all input.

     _____ 3. Computer reviews each input to ensure that all required data are included.

     _____ 4. Inventory movements are tracked with a scanner to reduce manual counting.

     _____ 5. Purchase orders are signed by the purchase order supervisor to approve the purchase.

     _____ 6. Computer operators verify dates and serial numbers of master data stores to ensure that the proper version is used.

     _____ 7. Count inventory items every year to ensure that inventory records are accurate.

     _____ 8. A clerk takes the received payment checks to the bank at the end of the day.

     _____ 9. Visitors must be approved by a security guard before entering a building.

     _____ 10. A code of conduct must be read and signed by all new employees.

Summary Introduction

To match: The concept with the definition.

Introduction:

Accounting information systems:

It is an information structure which collects and manages data of an organization which can be utilized by analysts, managers, and other decision making authorities of an organization.

Explanation

Concept and definition:

B. Corrective control

Concept introduction:

Corrective control helps to mitigate the damage caused by the risk.

Correct answer:

  1. 1. Insurance policy reimburses a company for losses due to a fire in a warehouse.

The insurance company reimburses for the losses once the fire has happened and gone. Hence, it is corrective control.

E. Input completeness

Concept introduction:

It states that the input provided is complete and enough for processing.

Correct answer:

  1. 2. Shipping notices have a serial number that is tracked to ensure that they are all input.

The serial number in the notices are enough to ensure that the shipment is accurately identified and tracked.

J. Input accuracy

Concept introduction:

The input provided must be accurate and must not contain bogus information.

Correct answer:

  1. 3. Computer analyses all entries to confirm that all required data are included.

Computer analyses all entries to confirm that all the entries are accurate to process.

F. Efficient use of resources

Concept introduction:

The resources utilized by the system must be efficiently utilized so that there is no wastage of resources.

Correct answer:

  1. 4. Inventory movements are tracked with a scanner to reduce manual counting.

The computerized method of counting is more accurate and does not require additional resource of manpower to perform the task.

D. Input validity

Concept introduction:

The validity of each input is tested to ensure that the input entered is properly formed.

Correct answer:

  1. 5. Purchase orders are signed by the purchase order supervisor to approve the purchase.

The purchase order supervisor manages all the order and passes each order only after proper inspection and signing.

L. Update accuracy

Concept introduction:

The master data must be updated accurately so that reflects accurately in all the other data...

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