Accounting Information Systems
11th Edition
ISBN: 9780357156032
Author: Ulric J. Gelinas; Richard B. Dull; Patrick Wheeler
Publisher: Cengage Limited
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Question
Chapter 7, Problem 3P
Summary Introduction
To match: The control goals with the situations.
Introduction:
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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Students have asked these similar questions
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.
The following is a list of six control plans.These are followed by a list of five system failures that have control implications. Match the five system failures with a control plan that would best prevent the system failure from occurring. Also, give a brief (one or two sentences) explanation of your choice. A letter should be used only once, with one letter left over.
Control Plans
Program change controls
Independent validation of vendor invoices
Access control software
Batch control plans
Compare input data with master data (e.g., vendor master data)
Match invoice, PO, and receipt
System Failures
Vendor Invoices are received at Samuel Company via an EDI feed over the Internet. Some of these are fraudulent invoices from bogus vendors.
Vendor invoices are sent to clerks in the AP department at Seneca, Inc., where they are entered once each day to create a file of invoice data that is then processed by the accounts payable program each evening. Several errors have been found in the…
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.
Chapter 7 Solutions
Accounting Information Systems
Ch. 7 - Describe organizational governance.Ch. 7 - Prob. 2RQCh. 7 - Describe the eight elements of ERM.Ch. 7 - Describe and compare risks and opportunities.Ch. 7 - Prob. 5RQCh. 7 - Prob. 6RQCh. 7 - Prob. 7RQCh. 7 - What is COSO?Ch. 7 - Prob. 9RQCh. 7 - Prob. 10RQ
Ch. 7 - Prob. 11RQCh. 7 - Prob. 12RQCh. 7 - Prob. 13RQCh. 7 - Prob. 14RQCh. 7 - Prob. 15RQCh. 7 - Prob. 16RQCh. 7 - Prob. 17RQCh. 7 - Prob. 18RQCh. 7 - Prob. 19RQCh. 7 - Prob. 1DQCh. 7 - Prob. 2DQCh. 7 - Prob. 3DQCh. 7 - Provide five examples of potential conflict...Ch. 7 - Prob. 5DQCh. 7 - Prob. 6DQCh. 7 - Prob. 7DQCh. 7 - Prob. 8DQCh. 7 - Prob. 9DQCh. 7 - Prob. 1SPCh. 7 - Match the concept in List 1 with the definition or...Ch. 7 - Match the concept in List 1 with the definition or...Ch. 7 - Prob. 4SPCh. 7 - Prob. 1PCh. 7 - Prob. 2PCh. 7 - Prob. 3PCh. 7 - Prob. 4PCh. 7 - Prob. 6P
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Similar questions
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- For each of the following file processing operations, indicate whether a sequential file, indexed random file, indexed sequential access method (ISAM), hashing, or pointer structure works the best. You may choose as many as you wish for each step. Also, indicate which would perform the least optimally.a. Retrieve a record from the file based upon its primary key value.b. Update a record in the file.c. Read a complete file of records.d. Find the next record in a file.e. Insert a record into a file.f. Delete a record from a file.g. Scan a file for records with secondary keys.arrow_forwardFor each of the following file processing operations, indicate whether a sequential file, indexed random file, virtual storage access method, hashing, or pointer structure would work best. You may choose as many as you wish for each step. Also indicate which would perform the least optimally. a. Retrieve a record from the file based on its primary key value. b. Update a record in the file. c. Read a complete file of records. d. Find the next record in a file. e. Insert a record into a file. f. Delete a record from a file. g. Scan a file for records with secondary keys.arrow_forwardThree phases of the management process are controlling, planning, and decision making. Match the following descriptions to the proper phase:Phase of management process DescriptionControlling a. Monitoring the operating results of implemented plans and comparing the actual results with expected results.Planning b. Inherent in planning, directing, controlling, and improving.Decision making c. Long-range courses of action.arrow_forward
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