For performance reports to achieve their control objectives, they must: Question 1 options: a. Include relevant information so that necessary action may be taken to accomplish organizational goals b. Be timely so that minimal time elapses between an activity's occurrence and the feedback reflecting the activity's efficient or inefficient performance c. Provide subsystem managers with suggestions as to how they can operate their subsystems more efficiently d. all of the above e. a and b only Question 2 (1 point) Saved Which of the following includes a thorough study of an existing system, including its strengths and weaknesses? Question 2 options: Detailed system design System analysis Functional analysis report Feasibility evaluation
For performance reports to achieve their control objectives, they must: Question 1 options: a. Include relevant information so that necessary action may be taken to accomplish organizational goals b. Be timely so that minimal time elapses between an activity's occurrence and the feedback reflecting the activity's efficient or inefficient performance c. Provide subsystem managers with suggestions as to how they can operate their subsystems more efficiently d. all of the above e. a and b only Question 2 (1 point) Saved Which of the following includes a thorough study of an existing system, including its strengths and weaknesses? Question 2 options: Detailed system design System analysis Functional analysis report Feasibility evaluation
For performance reports to achieve their control objectives, they must: Question 1 options: a. Include relevant information so that necessary action may be taken to accomplish organizational goals b. Be timely so that minimal time elapses between an activity's occurrence and the feedback reflecting the activity's efficient or inefficient performance c. Provide subsystem managers with suggestions as to how they can operate their subsystems more efficiently d. all of the above e. a and b only Question 2 (1 point) Saved Which of the following includes a thorough study of an existing system, including its strengths and weaknesses? Question 2 options: Detailed system design System analysis Functional analysis report Feasibility evaluation
For performance reports to achieve their control objectives, they must:
Question 1 options:
a. Include relevant information so that necessary action may be taken to accomplish organizational goals
b. Be timely so that minimal time elapses between an activity's occurrence and the feedback reflecting the activity's efficient or inefficient performance
c. Provide subsystem managers with suggestions as to how they can operate their subsystems more efficiently
d. all of the above
e. a and b only
Question 2 (1 point)
Saved
Which of the following includes a thorough study of an existing system, including its strengths and weaknesses?
Question 2 options:
Detailed system design
System analysis
Functional analysis report
Feasibility evaluation
Question 3 (1 point)
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A well-designed accounting system prevents and detects disturbances from the environment through the use of:
Question 3 options:
responsibility accounting reports.
internal control measures
transaction processing systems.
computer technology.
Question 4 (1 point)
Saved
A system flowchart is a diagram that:
Question 4 options:
is used primarily when document flowcharts cannot be used.
shows the manual processes of a system.
is used to create a GANTT chart.
depicts the flow of data through a computerized accounting information system.
Question 5 (1 point)
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The most accurate way to compare a proposed system’s costs and benefits is to use:
Question 5 options:
cost-benefit analysis.
net-benefit analysis.
return on investment (ROI) analysis.
net present value (NPV) analysis.
Question 6 (1 point)
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Accounting system development projects are more likely to be completed on schedule if:
Question 6 options:
the appropriate processing mode is selected.
users participate actively in the projects.
the scope of the project is properly defined.
the system has adequate internal controls.
Question 7 (1 point)
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Which of the following general data flows is shown on a computerized system flowchart?
Question 7 options:
Process-output
Output-process
Input-process-output
Output-process-input
Question 8 (1 point)
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National Bank is upgrading its network of ATM’s across Canada. The first new ATM were installed in Calgary, and operated for two months before new ATM’s were installed across the rest of the company. This would be an example of:
Question 8 options:
pilot systems implementation.
phase-in systems implementation.
PERT systems implementation.
GANTT approach to resource allocation.
Question 9 (1 point)
Saved
The most expensive software source is usually:
Question 9 options:
computer manufacturers.
in-house development.
software development companies.
user groups.
Definition Definition Calculation used to evaluate the investment and financing decisions that involve cash flows occurring over multiple periods. NPV is calculated as the difference between the present value of cash inflow and cash outflow. NPV is used for capital budgeting and investment planning as well as to compare similar investment alternatives.
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