1)
To determine: The control plan for each process failure given.
Introduction:
2)
To determine: The control plan for each process failure given.
Introduction:
Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.
3)
To determine: The control plan for each process failure given.
Introduction:
Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.
4)
To determine: The control plan for each process failure given.
Introduction:
Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.
5)
To determine: The control plan for each process failure given.
Introduction:
Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.
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Pkg Acc Infor Systems MS VISIO CD
- Identify each item 1 through 10 with the system component A through E that it is best associated with. A. Source documents B. Input devices C. Information processors D. Information storage E. Output devices 1. Computer keyboard 2. Printer 3. Monitor 4. Bank statement 5. Ledger software 6. Cloud storage 7. Journal software 8. Invoice from supplier 9. Computer scanner 10. Filing cabinetarrow_forwardMatch the two lists, below, by placing the capital letter from List 1 in each of the cells preceding the five descriptions in List 2 to which they best relate. One description in List 2 can be answered with 2 matches from List 1. Therefore, you should have 2 letters left over from List 1. List 1: Concepts A. Application (i.e., automated) control. B. Corrective control. C. Control environment. D. Input validity. E. Input completeness. F. Input accuracy G. Update completeness. H. Efficient use of resources. List 1: Capital letter List 2: Definitions/Descriptions 1. Insurance policy reimburses a company for losses due to a fire in a warehouse. 2. Shipping notices have a serial number that is tracked to ensure that they are all input. 3. Computer reviews each input to ensure that all the required data are included. 4. Inventory movements are tracked with a scanner to reduce manual counting. 5. Purchase orders are signed to approve the purchase.arrow_forwardDraw Physical Data Flow Diagram (DFD) of AR System In a physical DFD, we focus on how the system operates in terms of the people and technology involved. This diagram reflects who or what is responsible for each action, such as clerks, machines, or software. Components AR Clerk: Receives payments, updates the system, and batches cheques. Cashier: Receives batches of cheques from AR. Mail System: Sends and receives physical documents like statements and cheques. Processes in Physical DFD - 1.0 AR Clerk prints and mails monthly statements. - 2.0 Customers mail payments to AR Clerk. - 3.0 AR Clerk batches cheques and sends to the Cashier. - 4.0 AR Clerk updates AR master data system. Data Stores Customer Records: A file or system holding customer information. AR Master Data: The electronic records updated with payments.arrow_forward
- Construct a Sales Ledger Control Account, using your own numerical example, with five items of your choice?arrow_forwardWhich of the following is a component of general controls? a. processing controls b. output controls c. back-up and contingency planning d. input controls Required: choose the correct answer and Justify your answers in at least 6 sentences.arrow_forwardOLTP VERSUS OLAP SERVERS For each of the following processes, state whether OLTP or OLAP is appropriate, and why. An order entry system that retrieves customer information, invoice information, and inventory information for local sales. An order entry system that retrieves customer information, invoice information, inventory information, and several years of sales information about both the customer and the inventory items. An order entry system that retrieves customer information, invoice information, inventory information, and information to compare the current sale to sales across several geographic regions. An order entry system that retrieves customer information, invoice information, inventory information, and accounts receivable information for sales within one marketing region. An insurance company requires a system that will allow it to determine total claims by region, whether a relationship exists between claims and meteorological phenomena, and why one region seems to be…arrow_forward
- Match each of the numbered descriptions with the principle, component, or descriptor that it best reflects. Indicate your answer by entering the letter A through J in the blank provided. A. Control principle B. Relevance principle C. Compatibility principle D. Flexibility principle E. Cost-benefit principle F. Source documents G. Input devices H. Information processors I. Information storage J. Output devices 1. Capture information from source documents and transfer to information processing. 2. Keeps data accessible to information processors. 3. Systems that summarize information for use. 4. Means to take information out of an accounting system and make it available to users. 5. Provide the information processed by the accounting system. 6. Prescribes that benefits from an activity in a system outweigh the costs. 7. Prescribes that a system be adaptable to changes in the company, environment, and user needs. 8. Prescribes that a system conform with a company’s activities, personnel,…arrow_forwardFor each of the following processes, state whether OLTP or OLAP is appropriate, and why. a. An order entry system that retrieves customer information, invoice information, and inventory information for local sales. b. An order entry system that retrieves customer information, invoice information, inventory information, and several years of sales informa- tion about both the customer and the inventory items. c. An order entry system that retrieves customer information, invoice information, inventory infor- mation, and information to compare the current sale to sales across several geographic regions. d. An order entry system that retrieves customer information, invoice information, inventory information, and accounts receivable informa- tion for sales within one marketing region. e. An insurance company requires a system that will allow it to determine total claims by region, whether a relationship exists between claims and meteorological phenomena, and why one region seems to be more…arrow_forwardDescribe briefly the processing of transactions, including internal control features, in the following functions under the sales and collection cycle:a. order entryb. customer billingarrow_forward
- Match six of the terms (a-j) with the definitions provided below (1-6).a. Application controlsb. Error listingc. General controlsd. Hardware controlse. Input controlsf. Output controlsg. Parallel simulationh. Parallel testingi. Pilot testingj. Processing controls________ 1. The new and old systems operate simultaneously in all locations.________ 2. Controls that relate to all aspects of the IT system.________ 3. Controls such as review of data for reasonableness, designed to assure that data generated by thecomputer is valid, accurate, complete, and distributed only to authorized people.________ 4. Controls that apply to processing of transactions.________ 5. A new system is implemented in one part of the organization while other locations continue to rely onthe old system.________ 6. Controls such as proper authorization of documents, check digits, and adequate documentation,designed to assure that the information to be entered into the computer is authorized, complete, and accurate.arrow_forwardProcess Activities PIC Order data that is inputted on the PDA is synchronized to the computer to automatically create a ''Sales Order'' in the system Admin Question:1. What are the weaknesses of internal control & risks & suggestions for improvement?2. What work process / audit focus can be undertaken?arrow_forwardAfter a receipt is uploaded into QBO, the user will need to ______ the data and ensure the receipt is properly categorized and classified. Select one: a. Sort b. Save c. Journalize d. Reviewarrow_forward
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