Accounting Information Systems
Accounting Information Systems
11th Edition
ISBN: 9781337552127
Author: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher: Cengage Learning
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Chapter 7, Problem 1P
Summary Introduction

To match: The concept with the definition.

Introduction:

Accounting information systems:

It is an information structure which collects and manages data of an organization which can be utilized by analysts, managers, and other decision making authorities of an organization.

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Match 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.
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,…
Which 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.
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