Test bank and solution of accounting information systems 9e (1)
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Test bank and solution of accounting information systems 9e (1)
CHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1The expenditure cycle, conversion cycle, and revenue cycle.2Purchases/accounts payable Test bank and solution of accounting information systems 9e (1)e system, cash disbursements system, fixed assets system, and payroll system.3The physical component includes the acquisition of goods, while the financial component includes the recognition of a liability owed to the supplier and the transfer of the payment to the supplier.4Production system and co Test bank and solution of accounting information systems 9e (1)st accounting system.5Sales order processing system and cash receipts system.6Source documents, product documents, and turnaround documents.7Special jTest bank and solution of accounting information systems 9e (1)
ournals and the general journal.8A general journal is used to record nonrecurring and infrequent transactions. Oftentimes, general journals are replacCHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1The expenditure cycle, conversion cycle, and revenue cycle.2Purchases/accounts payable Test bank and solution of accounting information systems 9e (1)source document for the transaction. The total of journal vouchers processed is equivalent to the general journal.9General ledger and subsidiary ledger.10A trail that allows the auditor to begin with a summary total found on thefinancial statements and track it back to the individual transactions th Test bank and solution of accounting information systems 9e (1)at makeChapter 2 Page 37up this total. Conversely, an auditor should be able to track transactions to their final impact on the financial statements.1Test bank and solution of accounting information systems 9e (1)
1The confirmation process entails selecting customers and contacting them to determine whether the transactions recorded in the financial statements aCHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1The expenditure cycle, conversion cycle, and revenue cycle.2Purchases/accounts payable Test bank and solution of accounting information systems 9e (1)ounts and subsidiary ledgers. Examples include accounts receivable and customer subsidiary accounts, accounts payable and vendor subsidiary accounts, inventory, etc. Transaction files correspond to general and special journals. Examples include the general journal, sales journals, cash receipts jour Test bank and solution of accounting information systems 9e (1)nals, payroll journals, etc. Reference files include lists of vendors, delinquent customers, tax tables, sales tax rates, discount rates, lists of cusTest bank and solution of accounting information systems 9e (1)
tomers granted specific discounts, etc. Archive files are typically composed of records that have been processed but are retained for their history. ECHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1The expenditure cycle, conversion cycle, and revenue cycle.2Purchases/accounts payable Test bank and solution of accounting information systems 9e (1)e financial statement balance back to the actual transaction so we may: (1) compare balances, (2) perform reconciliations. (3) select and trace samples of entries, and (4) identify, pull, and verify specific transactions.15Cardinality reflects normal business rules as well as organizational policy. Test bank and solution of accounting information systems 9e (1)For instance, the 1:1 cardinality in the first example in Figure 2-16 suggests that each salesperson in the organization is assigned one automobile. ITest bank and solution of accounting information systems 9e (1)
f insteadChapter 2 Page 38the organization’s policy were to assign a single automobile to one or more salespeople that share it. this policy would be CHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1The expenditure cycle, conversion cycle, and revenue cycle.2Purchases/accounts payable Test bank and solution of accounting information systems 9e (1)m. Dataflow diagrams represent the logical elements (i.e. what is being done) of a system by illustrating processes, data sources, data flows, and entities. System flowcharts represent the physical elements being used (i.e., how the tasks are being conducted) by illustrating the relationship between Test bank and solution of accounting information systems 9e (1) input sources, program, and output products. System flowcharts can also represent both the logical and physical elements of manual systems and also iTest bank and solution of accounting information systems 9e (1)
llustrate the preparation and handling of documents.17Cardinality refers to the numerical mapping between entity instances, and it is a matter of orgaCHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1The expenditure cycle, conversion cycle, and revenue cycle.2Purchases/accounts payable Test bank and solution of accounting information systems 9e (1)sed to represent the relationship between entities. One common use for ER diagrams is to model an organization’s database, which we examine in detail in Chapter 9.19Entities are physical resources (automobiles, cash, or inventory), events (ordering inventory, receiving cash, shipping goods), and age Test bank and solution of accounting information systems 9e (1)nts (salesperson, customer, or vendor) about which the organization wishes to capture data.Chapter 2 Page 3920Batch processing occurs when similar traTest bank and solution of accounting information systems 9e (1)
nsactions are accumulated over time and processed together. Real-time processing captures each event or transaction and processes it before engaging iCHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1The expenditure cycle, conversion cycle, and revenue cycle.2Purchases/accounts payable Test bank and solution of accounting information systems 9e (1)iate. If transactions are dependent on one another, such as credit sales, ticket sales, etc., then realtime processing is more appropriate.21A flat-file model is one in which individual data files are not related to other files. End users in this environment own their data files rather than share th Test bank and solution of accounting information systems 9e (1)em with other users. Data processing is thus performed by standalone applications rather than integrated systems.22No. A DFD shows which tasks are beiTest bank and solution of accounting information systems 9e (1)
ng performed, but not who performs them. It depicts the logical system.23Yes, A flowchart depicts the physical system and illustrates what type of andCHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1The expenditure cycle, conversion cycle, and revenue cycle.2Purchases/accounts payable Test bank and solution of accounting information systems 9e (1) not need to be updated in real time. In fact, the task of doing so takes time which, when multiplied by hundreds or thousands of transactions, can cause significant processing delays. Batch processing of non-critical accounts, however, improves operational efficiency by eliminating unnecessary acti Test bank and solution of accounting information systems 9e (1)vities at critical points in the process.25When testing an application program, the auditor needs details about itsCHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1The expenditure cycle, conversion cycle, and revenue cycle.2Purchases/accounts payableCHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1The expenditure cycle, conversion cycle, and revenue cycle.2Purchases/accounts payableGọi ngay
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