need answer to the general accounting Q How does transaction flow mapping differ fromstandard documentation?a) Process relationships reveal control pointsand risk areasb) Individual documents tell complete storiesc) Standard flowcharts suffice alwaysd) Mapping wastes valuable time

Explanation of Transaction Flow MappingTransaction flow mapping is a method of visually representing…

Answered: How does transaction flow mapping…

Pkg Acc Infor Systems MS VISIO CD

10th Edition

ISBN:9781133935940

Author:Ulric J. Gelinas

Publisher:Ulric J. Gelinas

Chapter4: Documenting Information System

Section: Chapter Questions

Problem 1DQ

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Which of the following is NOT a control implication of distributed data processing? a. redundancy b. user satisfaction c. incompatibility d. lack of standards
The installation of a database management system is likely to have the least impact ona. data redundancy.b. entity-wide sharing of common data.c. exclusive ownership of data.d. the logic needed to solve a problem in an application program.e. the internal controls over data access.
Should an auditor wishing to assess the adequacy of separation of functions examine a data flow diagram or a system flowchart? Why?
Which of the following is NOT part of the systems implementation process? a. converting databases b. documentation c. systems design d. testing and correction
“If we document a system with a systems flowchart and data flowdiagrams, we have overdocumented the system.” Discuss fully.
What is data inconsistency? occurs when a system produces correct and consistent data the practice of gathering data and ensuring that it is uniform, accurate, and consistent occurs when the same data element has different values O refers to the overall management of the availability and usability of company data
Question 1 Which of these would be a reason for adopting a predominantly substantive approach? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Accounts are affected by more than one transaction class Detection risk has been assessed as high C There are no significant control procedures that pertain to the assertion Control risk has been assessed as low b d
Discuss why control procedures over access to the data resource become more crucial under the database approach than in the flat-file environment. What role does the DBMS play in helping to control the database environment?
1. Data under a traditional ledger system is authenticated by a central authority while data under a blockchain is authenticated through Select one: a. central authority. b. a party outside the blockchain. C. mass collaboration. d. an external audit. 2 Analyzing data with the purpose of determining a casual relationship refers to Select one: a. predictive analytics. b. descriptive analytics. c. diagnostic analytics. d. prescriptive analytics. 3. Which of the following items is not an application of blockchain? Select one: a. joining ERP systems from multinational subsidaries. b. continual updating of real-time data on customer preferences. C. continual updating of financial statements with new transactions. d. joining ERP systems from different companies.
Which statement is NOT true? a. Drill-down capability is an OLAP feature of data mining tools available to the user. b. The data warehouse should be separate from operational systems. c. Denormalization of data involves dividing the data into very small tables that support detailed analysis. d. Some decisions supported by a data warehouse are not fundamentally different from those that are supported by traditional databases. e. Data cleansing involves transforming data into standard business terms with standard data values.
What are the advantages and disadvantages of documenting internal control by using (1) an internalcontrol questionnaire, (2) a narrative memorandum, and (3) a flowchart?

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How does transaction flow mapping differ from standard documentation? a) Process relationships reveal control points and risk areas b) Individual documents tell complete stories c) Standard flowcharts suffice always d) Mapping wastes valuable time