Accounting Information Systems
Solutions
Accounting Information Systems
“The mere fact that event data appear on a prenumbered document is no proof of the validity of the event. Someone intent on defrauding a system by introducing a fictitious event probably would be clever enough to get access to the prenumbered documents or would replicate those documents to make the event appear genuine.”
- a. Do you agree with this comment? Why or why not?
- b. Without prejudice to your answer to part (a), assume that the comment is true. Present (and explain) a “statement of relationship” between the control plan of using prenumbered documents and the information system control goal of event validity.
a)
To comment: On the given statement.
Introduction:
Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.
Comment on the given statement:
It is given that the event data appear on the pre-numbered document would not contain the proof for the event validity. People might access the prenumbered document or they would imitate the document to make the event appear genuine...
b)
To prepare: A statement of the relationship between the control plan of using prenumbered documents and the information system control goal of the validity of the event.
Introduction:
Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.
Chapter 9 Solutions
Additional Business Solutions
Find more solutions based on key concepts
Show solutions addBank reconciliation and entries Sunshine Interiors deposits all cash receipts each Wednesday and Friday in a ni...
Financial & Managerial Accounting
Why is it important to periodically take a physical inventory when using a perpetual inventory system?
Corporate Financial Accounting
OBJECTIVE 0 Exercise 4-47 Bank Reconciliation @ Conway Ccll'npanyI reported the following infomalion: E? Cash b...
Cornerstones of Financial Accounting
Conducting a Financial Ratio Analysis on HP INC. Use online resources to work on this chapter's questions. Plea...
Fundamentals of Financial Management (MindTap Course List)
What are the five steps of most MBO programs?
Foundations of Business (MindTap Course List)
(Consumer Surplus) If, toward the end of the day, some people become indifferent whether or not they go on anot...
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
A sample of midterm grades for five students showed the following results: 72, 65, 82, 90, 76. Which of the fol...
STATISTICS F/BUSINESS+ECONOMICS-TEXT
If a firms ROE is low and management wants to improve it, explain how using more debt might help.
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
BOND RETURNS Last year Janet purchased a 1,000 face value corporate bond with an 8% annual coupon rate and a 15...
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
During the Revolutionary War, the American colonies could not raise enough tax revenue to fully fund the war ef...
Principles of Microeconomics (MindTap Course List)
You were planning to spend Saturday working at your part-time job, but a friend asks you to go skiing. What is ...
Brief Principles of Macroeconomics (MindTap Course List)
Policymakers who want to stabilize the economy must decide how much to change the money supply, government spen...
Principles of Macroeconomics (MindTap Course List)
Why do economists oppose policies that restrict trade among nations?
Principles of Economics (MindTap Course List)
INSTRUCTOR: Visit the Instructor Companion Website for lecture notes, solutions, discussion guides, and other r...
Essentials of Business Communication (MindTap Course List)
Grip is applied to produce normal surface forces that compress the object being gripped. Examples include two p...
Probability and Statistics for Engineering and the Sciences
A new assistant controller recently was heard to remark: All the assembly workers in this plant are covered by ...
Financial And Managerial Accounting
Rate each of the following questions according to the Following scale: I am never like this. I am rarely like t...
Management, Loose-Leaf Version
Identify each of the following accounts of Dispatch Services Co. as asset, liability, owners equity, revenue, o...
Financial Accounting
Why is a country better off not isolating itself from all other countries? Why do we have markets, and accordi...
Essentials of Economics (MindTap Course List)
LO4 An investment of cash by the owner will (a) increase assets and owners equity. (b) increase assets and liab...
College Accounting, Chapters 1-27
Define strategic business units (SBUs)
MKTG 12:STUDENT ED.-TEXT
How does the measurement and reporting of impaired intangible assets differ between IFRS and U.S. GAAP?
Intermediate Accounting: Reporting And Analysis
Summarize how marketing creates value through the four types of utility.
Contemporary Marketing
What is the order for listing accounts in the Current Assets section of the balance sheet?
College Accounting (Book Only): A Career Approach
(Appendix 3A) Cost Formulas, Single and Multiple Cost Drivers For the past 5 years, Garner Company has had a po...
Managerial Accounting: The Cornerstone of Business Decision-Making
What role does the general ledger department play in the conversion cycle?
Accounting Information Systems
INTEREST RATE DETERMINATION AND YIELD CURVES a. What effect would each of the following events likely have on t...
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
CAPITAL BUDGETING ANALYSIS The Stanley Stationery Shoppe wants to acquire The Carlson Card Gallery for 400,000....
Fundamentals of Financial Management (MindTap Course List)
Net present value method for a service company Carnival Corporation has recently placed into service some of th...
Financial & Managerial Accounting
Discuss the differences between statistics as numerical facts and statistics as a discipline or field of study.
Statistics for Business & Economics, Revised (MindTap Course List)
The estimated amount of depreciation on equipment for the current year is 7,700. Journalize the adjusting entry...
Financial Accounting
Recording standards in accounts The Assembly Department produced 5,000 units of product during March. Each unit...
Accounting (Text Only)
The partial work sheet for Emil Consulting for June is as follows: Required 1. Write the owners name on the Cap...
College Accounting (Book Only): A Career Approach
Answer the following questions: a. What is the difference between self-interest and selfishness? b. Why does in...
Exploring Economics
What are the five components of internal control?
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Explain each of the following statements using supply-and-demand diagrams. a. When a cold snap hits Florida, th...
Principles of Macroeconomics (MindTap Course List)
Consider each of the items in Question 2 in terms of scarcity, portability, divisibility, and uniformity.
Economics For Today
Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Sol...
Survey of Accounting (Accounting I)
Why is it important to measure and monitor supplier performance improvement over time?
Purchasing and Supply Chain Management
If reserves increase by 2 million and the required reserve ratio is 8 percent, what is the change in the money ...
Economics (MindTap Course List)
Based on Bean et al. (1987). Boris Milkems firm owns six assets. The expected selling price (in millions of dol...
Practical Management Science
Refer to Exercise 14.21. Suppose that the newly hired environmental manager examines the report and makes the f...
Cornerstones of Cost Management (Cornerstones Series)
The following employees are exempt from various requirements of the FLSA. Indicate from which requirement or re...
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Explain how to derive a PPE. For instance, how is the extreme point on the vertical axis identified? How is the...
Macroeconomics
Retained earnings account balance As of January 1, Retained Earnings had a credit balance of 314,000. During th...
Corporate Financial Accounting
