Accounting Information Systems
11th Edition
ISBN: 9781337552127
Author: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher: Cengage Learning
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Question
Chapter 9, Problem 1RQ
Summary Introduction
To determine: The impact of incorrect customer address to business.
Introduction:
Expert Solution & Answer
Explanation of Solution
Determine the impact of incorrect customer address to business:
For a successful business, customer information is valuable and a lifeline, as it would decide the value of the business’s customer service. The consequences are as follows:
- Lower customer satisfaction
- Higher maintenance cost and error in product or service delivery
- Negative publicity
- Invalid report and decreased productivity
- Increased resource consumption
- Loss of revenue
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Students have asked these similar questions
Which of the following is false about accounting information systems?A. They provide reports that people analyze.B. They prevent errors and stop employees from stealing inventory.C. They are designed to gather data about the company’s transactions.D. They consist of processes that involve input of data from source documents, processing, output, andstorage.
Why should businesses shift to an electronic accounting system?
How can controls deter fraudulent practices in a business?
1) Why is it not necessary to model activities such as data entry of information about customers or suppliers, mailing invoices to customers, and recording invoices received from suppliers as events in an REA diagram?
2) How can REA diagrams help an auditor understand a client’s business processes?
3) How would accounts payable be reflected in an REA diagram? Why?
Chapter 9 Solutions
Accounting Information Systems
Ch. 9 - Prob. 1RQCh. 9 - Prob. 2RQCh. 9 - How could the control matrix be used to recommend...Ch. 9 - Prob. 4RQCh. 9 - Prob. 5RQCh. 9 - Prob. 6RQCh. 9 - Prob. 7RQCh. 9 - Name and explain four different types of batch...Ch. 9 - Prob. 9RQCh. 9 - Prob. 10RQ
Ch. 9 - Prob. 1DQCh. 9 - Explain why input controls are so important....Ch. 9 - Describe the similarities and differences between...Ch. 9 - Prob. 4DQCh. 9 - Prob. 5DQCh. 9 - Prob. 6DQCh. 9 - Prob. 7DQCh. 9 - Prob. 8DQCh. 9 - Prob. 9DQCh. 9 - Prob. 10DQCh. 9 - Prob. 11DQCh. 9 - The following is a list of six control plans from...Ch. 9 - Prob. 2SPCh. 9 - Figure 9.10 lists 10 control plans from this...Ch. 9 - Prob. 1PCh. 9 - Prob. 2PCh. 9 - Prob. 3PCh. 9 - Prob. 4PCh. 9 - Prob. 5PCh. 9 - Prob. 6P
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- So far, computer systems cannot yet ________. A. receive data and instructions from input devices such as a scanner. B. decide how to record a business transaction. C. communicate with other computers electronically. D. recognize that you made a mistake entering $100 when you meant to enter $101.arrow_forwardBig data is mined ________. A. to find business trends B. to record transactions C. as an alternative to creating an accounting information system D. as an alternative to the darknetarrow_forwardUsers who do not directly run the organization and have limited access to accounting information are called (internal/external) what type of users.arrow_forward
- Dicuss the techniques an imposter can use to breach into an accounting information system.arrow_forwardIf a transaction cannot be recorded in a special journal, it indicates that the company should adopt an electronic accounting system. True Falsearrow_forwardWhich of the following is not a user of internal accountinginformation?a. Store manager.b. Chief executive offi cer.c. Creditor.d. Chief fi nancial offi cer.arrow_forward
- What are the similarities and differences between the Transaction Detail by Account and the General Ledger? (Quickbooks) When would you use one versus the other as a business owner or manager? Give specific examples.arrow_forward1. Threats - Incomplete, invalid order, un-collectible accounts and loss of customers related to Answer: ....... 2. Where the employees are hired, trained, compensated, evaluated, promoted and terminated. Answer: .......... 3. In the accounting system detect error and update are commonly used as Answer: ........arrow_forwardProvide an appropriate response based on the following scenarios. Assume that the accounting clerk posts a customer’s payment for the wrong amount, giving the customer credit for less than he or she actually paid. How will this error be detected? How might this error have been prevented? Assume that the employee who opens the mail steals a customer payment. How will this theft be detected? How might this theft have been prevented?arrow_forward
- Users who do not directly run the organization and have limited access to accounting information are called (internal/external) BLANK users.arrow_forwardThe collection of accounts of Customer Alexander is recorded as a credit to the ledger of Customer Sean. What is the effect of the error in the total assets of the entity?arrow_forwardWhy is it important to keep those business receipt/records?arrow_forward
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