Pkg Acc Infor Systems MS VISIO CD
10th Edition
ISBN: 9781133935940
Author: Ulric J. Gelinas
Publisher: CENGAGE L
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Chapter 9, Problem 8DQ
Summary Introduction
To discuss: The given statement.
Statement: “Technology Summary seems to indicate that the business process and application control plans cannot be relied.”
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Chapter 9 Solutions
Pkg Acc Infor Systems MS VISIO CD
Ch. 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. 10RQCh. 9 - Prob. 1DQ
Ch. 9 - Explain why input controls are so important....Ch. 9 - Prob. 3DQCh. 9 - Prob. 4DQCh. 9 - Prob. 5DQCh. 9 - Prob. 6DQCh. 9 - Prob. 7DQCh. 9 - Prob. 8DQCh. 9 - Prob. 9DQCh. 9 - Prob. 1SPCh. 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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- The following is a list of 12 control plans from Chapter 8. These are followed by a list of 10 B/AR/CR business process controls or deficiencies. Match the 10 B/AR/CR business process control plans with a pervasive control plan from Chapter 8 that could prevent the deficiencies noted in the preceding list or have an impact on the successful execution of the business process control. Explain the impact that the pervasive control could have. Control Plans from Chapter 8 Access control software (i.e., assignment of access rights to employees) Selection, hiring, and supervision of billing clerks to ensure that they can and do carry out their assigned responsibilities Physical controls for perimeter, building, and computer facilities to prevent loss or destruction of the computer resources Preventive maintenance of computer hardware to ensure reliability and availability Systems development life cycle (SDLC), including testing and approval before implementation of new or revised programs…arrow_forwardThe following is a list of 12 control plans from Chapter 8. These are followed by a list of 10 B/AR/CR business process controls or deficiencies. Match the 10 B/AR/CR business process control plans with a pervasive control plan from Chapter 8 that could prevent the deficiencies noted in the preceding list or have an impact on the successful execution of the business process control. Explain the impact that the pervasive control could have. Control Plans from Chapter 8 Access control software (i.e., assignment of access rights to employees) Selection, hiring, and supervision of billing clerks to ensure that they can and do carry out their assigned responsibilities Physical controls for perimeter, building, and computer facilities to prevent loss or destruction of the computer resources Preventive maintenance of computer hardware to ensure reliability and availability Systems development life cycle (SDLC), including testing and approval before implementation of new or revised programs…arrow_forward21) Which is not a benefit of computerized accounting system?arrow_forward
- Which one of the following is not included in the control environment? Question 17Answer a. Organizational Structure b. Integrity & Ethical values c. Competence of Personnel d. External Auditorarrow_forwardWhich of the following statements is incorrect? The practice of management accounting is fairly flexible. The information gathered from management accounting is not required by law. Management accounting focuses mainly on the internal user. Reports produced using management accounting must follow GAAP.arrow_forwardWhich of the following is typically NOT part of an ERP’s OLAP applications? a. decision support systems b. information retrieval c. ad hoc reporting/analysis d. logistics e. what-if analysisarrow_forward
- What is the authoritative status of the Conceptual Framework? The Framework applies when FRSC develops new or revised Standards. An enterprise is never required to consider the framework. It has the highest level of authority. In case of a conflict between the Framework and s Standard or Interpretation, the Framework overrides the Standard or If there is a Standard or Interpretation that specifically applies to a transaction, it overrides the Framework. In the absence of a Standard or an Interpretation that specifically applies, the Framework should be followed. If there is a Standard or Interpretation that specifically applies to a transaction, management should consider the applicability of the Framework in developing and applying an accounting policy which results in information that is relevant and reliablearrow_forwardqution? yes or No ( )The interaction between information technology and organization is complex and influenced by many mediating factors, including organization structure, business processes, politics, culture, surrounding environment, and management decisionsarrow_forward1. Information from Management Reporting System are used by business owners in making strategic decisions. The reports created from this are called Group of answer choices b. Discretionary, because the company has no discretion to produce the report or not, the law requires them to generate such reports c. Non discretionary, because the company has sole discretion to produce such reports for internal users. on discretionary, because the company has no discretion to produce the report or not, the law requires them to generate such reports d. Discretionary, because the company has sole discretion to produce such reports for internal users. 2. The entry to record the granting of credit to a customer for a sales return is posted to Group of answer choices a. accounts receivable subsidiary ledger only. b. the general ledger only. c. both the accounts receivable subsidiary ledger and the general ledger. d. both the accounts payable subsidiary ledger and the general ledger.…arrow_forward
- 21 Internal Control goes beyond accounting function and incorporates both accounting and administrative control. From the following alternatives identify which one is not a part of administrative control? a. Self-balancing ledger b. Motion Studies c. Quality control d. Time studiesarrow_forwardWhich statement is NOT correct?a. Legacy systems may process financially significant transactions.b. Some legacy systems use database technology.c. Mainframes are exclusive to legacy systems, while modern systems use only the client-server model.d. All the above are true.arrow_forward1. Cite specific examples of risk avoidance, Reduction, Transfer and Retention? 2. What is the significance of internal control in an organization? Cite an example of a company that failed due to IC deficiency?arrow_forward
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