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 QUESTIONS1.The expenditure cycle, conversion cycle, and revenue cycle.2.Purchases/accounts payab Test bank and solution of accounting information systems 9e (1)ble system, cash disbursements system, fixed assets system, and payroll system.3.The 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.4.Production system an Test bank and solution of accounting information systems 9e (1)d cost accounting system.5.Sales order processing system and cash receipts system.6.Source documents, product documents, and turnaround documents.7.SpTest bank and solution of accounting information systems 9e (1)
ecial journals and the general journal.8.A general journal is used to record nonrecurring and infrequent transactions. Oftentimes, general journals arCHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1.The expenditure cycle, conversion cycle, and revenue cycle.2.Purchases/accounts payab Test bank and solution of accounting information systems 9e (1)special source document for the transaction. The total of journal vouchers processed is equivalent to the general journal.9.General ledger and subsidiary ledger.10.A trail that allows the auditor to begin with a summary total found on thefinancial statements and track it back to the individual trans Test bank and solution of accounting information systems 9e (1)actions that makeChapter 2 Page 37up this total. Conversely, an auditor should be able to track transactions to their final impact on the financial stTest bank and solution of accounting information systems 9e (1)
atements.11.The confirmation process entails selecting customers and contacting them to determine whether the transactions recorded in the financial sCHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1.The expenditure cycle, conversion cycle, and revenue cycle.2.Purchases/accounts payab Test bank and solution of accounting information systems 9e (1)al ledger accounts 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 Test bank and solution of accounting information systems 9e (1)receipts journals, payroll journals, etc. Reference files include lists of vendors, delinquent customers, tax tables, sales tax rates, discount rates,Test bank and solution of accounting information systems 9e (1)
lists of customers granted specific discounts, etc. Archive files are typically composed of records that have been processed but are retained for theCHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1.The expenditure cycle, conversion cycle, and revenue cycle.2.Purchases/accounts payab Test bank and solution of accounting information systems 9e (1)ctions from the 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.15.Cardinality reflects normal business rules as well as organiza Test bank and solution of accounting information systems 9e (1)tional policy. For instance, the 1:1 cardinality in the first example in Figure 2-16 suggests that each salesperson in the organization is assigned onTest bank and solution of accounting information systems 9e (1)
e automobile. If insteadChapter 2 Page 38the organization’s policy were to assign a single automobile to one or more salespeople that share it. this pCHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1.The expenditure cycle, conversion cycle, and revenue cycle.2.Purchases/accounts payab Test bank and solution of accounting information systems 9e (1)ents) in a system. 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 rela Test bank and solution of accounting information systems 9e (1)tionship between input sources, program, and output products. System flowcharts can also represent both the logical and physical elements of manual syTest bank and solution of accounting information systems 9e (1)
stems and also illustrate the preparation and handling of documents.17.Cardinality refers to the numerical mapping between entity instances, and it isCHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1.The expenditure cycle, conversion cycle, and revenue cycle.2.Purchases/accounts payab Test bank and solution of accounting information systems 9e (1)tation technique used 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 9.19.Entities are physical resources (automobiles, cash, or inventory), events (ordering inventory, receiving cash, shipp Test bank and solution of accounting information systems 9e (1)ing goods), and agents (salesperson, customer, or vendor) about which the organization wishes to capture data.Chapter 2 Page 3920.Batch processing occTest bank and solution of accounting information systems 9e (1)
urs when similar transactions are accumulated over time and processed together. Real-time processing captures each event or transaction and processes CHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1.The expenditure cycle, conversion cycle, and revenue cycle.2.Purchases/accounts payab Test bank and solution of accounting information systems 9e (1)rocessing is appropriate. If transactions are dependent on one another, such as credit sales, ticket sales, etc., then realtime processing is more appropriate.21.A 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 Test bank and solution of accounting information systems 9e (1) rather than share them with other users. Data processing is thus performed by standalone applications rather than integrated systems.22.No. A DFD shoTest bank and solution of accounting information systems 9e (1)
ws which tasks are being performed, but not who performs them. It depicts the logical system.23.Yes, A flowchart depicts the physical system and illusCHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1.The expenditure cycle, conversion cycle, and revenue cycle.2.Purchases/accounts payab Test bank and solution of accounting information systems 9e (1)e accounts, however, may 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 elim Test bank and solution of accounting information systems 9e (1)inating unnecessary activities at critical points in the process.25.When testing an application program, the auditor needs details about itsCHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1.The expenditure cycle, conversion cycle, and revenue cycle.2.Purchases/accounts payabCHAPTER 2INTRODUCTION TO TRANSACTION PROCESSINGREVIEW QUESTIONS1.The expenditure cycle, conversion cycle, and revenue cycle.2.Purchases/accounts payabGọi ngay
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