Accounting Information Systems
11th Edition
ISBN: 9781337552127
Author: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 8, Problem 10DQ
Summary Introduction
To discuss: Whether Do you agree with your boss statement.
Boss statement: “If we implemented every control plan discussed in this chapter, we’d never get any work done around here”.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Which of the following would be best considered to be an agency conflict problem in the behavior of the following financial managers?
pack to
later.
O A. Bill chooses to pursue a risky investment for the company's funds because his compensation will substantially rise if it succeeds.
O B. Sue instructs her staff to skip safety inspections in one of the company's factories, knowing that it will likely fail the inspection and incur significant costs to fix.
OC. Michael chooses to enhance his firm's reputation at some cost to its shareholders by sponsoring a team of athletes for the Olympics.
O D. James ignores an opportunity for his company to invest in a new drug to fight Alzheimer's disease, judging the drug's chances of succeeding as low.
stv
MacBook Air
DII
DD
888
F9
20
F7
F8
F6
F5
F4
esc
F2
F3
F1
&
“Performance reports based on controllability are impossible. Nobody really controls anything in an organization!” Do you agree or disagree? Explain your answer.
a) Explain what an ethical dilemma is and provide an example of a situation
where individuals were faced with an ethical dilemma in a real-world
project.
b) Provide an example of a project that has failed. Your example should
include a summary of reasons why the project is considered to have failed,
with specific reference to the project lifecycle and controls that could
have been put in place at each phase of the project lifecycle, to minimise
the likelihood of these failures occurring in the first place.
c) A company manufactures a component which sells for £33. The variable
cost associated with its manufacture is £17 per component. Fixed costs
allocated total £128,000. Plot a graph to show the number of components
the company needs to sell to break even (i.e. to cover the sum of the fixed
and variable costs).
d) Tuckman found that teams go through six key development phases. List
the six phases of team development and provide a brief explanation of
each.
Chapter 8 Solutions
Accounting Information Systems
Ch. 8 - What are the four major categories of pervasive...Ch. 8 - What are the differences among a pervasive control...Ch. 8 - Prob. 3RQCh. 8 - Describe some compensating controls that can be...Ch. 8 - What are policy controls plans? How do policies...Ch. 8 - Why should an organization conduct monitoring...Ch. 8 - Prob. 8RQCh. 8 - Prob. 10RQCh. 8 - What are the major elements of the strategic IT...Ch. 8 - Prob. 12RQ
Ch. 8 - Prob. 13RQCh. 8 - What are the four stages through which a program...Ch. 8 - What steps are commonly included in a business...Ch. 8 - Prob. 16RQCh. 8 - Prob. 17RQCh. 8 - Prob. 18RQCh. 8 - Prob. 19RQCh. 8 - Prob. 20RQCh. 8 - Prob. 21RQCh. 8 - Prob. 22RQCh. 8 - Prob. 23RQCh. 8 - Prob. 24RQCh. 8 - Prob. 25RQCh. 8 - Prob. 26RQCh. 8 - Prob. 27RQCh. 8 - Prob. 28RQCh. 8 - Prob. 29RQCh. 8 - Prob. 30RQCh. 8 - Prob. 31RQCh. 8 - Prob. 1DQCh. 8 - Prob. 2DQCh. 8 - No matter how sophisticated a system of internal...Ch. 8 - Prob. 4DQCh. 8 - Prob. 5DQCh. 8 - Prob. 6DQCh. 8 - Prob. 7DQCh. 8 - Contracting for a hot site is too cost-prohibitive...Ch. 8 - Prob. 9DQCh. 8 - Prob. 10DQCh. 8 - Prob. 11DQCh. 8 - The following is a list of six control plans from...Ch. 8 - Prob. 2SPCh. 8 - Prob. 3SPCh. 8 - Prob. 2PCh. 8 - The following is a list of 13 control plans from...Ch. 8 - Prob. 4PCh. 8 - Prob. 5PCh. 8 - Prob. 6PCh. 8 - Examine the last column in Table 8.2 (p. 280) for...
Knowledge Booster
Similar questions
- The head of the accounting department is not satisfied with the implementation of the new system. He believes that the new system will result in job losses for many of the bookkeepers. They are threatening industrial action. In your role as project sponsor, what should you do to resolve the situation?arrow_forward4. Select an organization with which you are familiar-preferably one that you have worked in. To what extent is this organization "boundary less," that is, are the boundaries across departments and hierarchical levels rather permeable or are they fixed and rigid? How is this aspect of organizational design affecting its performance? How could it be improved? *arrow_forwardThe culture of the organization can impact the effectiveness of different project management structures. I have worked with Project Managers from Microsoft and Boeing, and they have very different project management structures and processes. Each work well within their own companies. Questions: 1.) Why is it important to assess the culture of an organization before deciding what project management structure should be used to complete a project? 2.) What do you believe is more important for successfully completing a project-the formal project management structure or the culture of the parent organization?arrow_forward
- d) Slack time for each of the activities is:arrow_forwardYou just gave an in-depth presentation on the company's new marketing programs intended for the specialists in the marketing department. The market manager then asked you to give a shorter version of the presentation to the company's top executives. In general, how should you modify the scope of your presentation for this audience.arrow_forwardWhat do you think are the requirements for launching a terrific quality team? Identify an issue (actual or hypothetical), What steps will the team follow to assess and resolve the issue? What will a meeting agenda look like and steps should be taken when the team disbands?arrow_forward
- Your HR Manager approaches you regarding a worker whose performance reports have been deteriorating lately and seeks your opinion on whether to keep or fire the worker. To balance things out, the manager says that the business has invested a lot of time and money in educating this employee on company-specific procedures, and that it would be a shame to let that money go to waste. What response would you have?arrow_forwardWhich one of the projects should Ms. Balsam recommend to the CFO based on your results in section (a). You need to justify your recommendation and also to explain why some or all of the measures (i.e., NPV, IRR & Payback) are inappropriate.arrow_forwardMs. Asma is a department head. She is looking into her team structures and ways to re-structure them. She is considering a self-managed team structure. She wants to ensure that self- managed teams in her department are effective. What would you recommend? Select one: O a. Make sure a team's work is sufficiently complex so that it entails a number of different steps or procedures that must be performed and results in some kind of finished product. O b. All of the mentioned. O c. Give teams enough responsibility and autonomy and refrain from telling the team members what to do or solve problems for them. O d. Analyze what training team members may need, and provide it. O e. Realize that her role with self- managed teams calls for guidance, coaching and supporting.arrow_forward
- Adequate project controls like SPI and CPI have the advantages of a. holding people accountable b. Prevent small problems from getting large c. making the work of accounting department easier d. both A and B are correct C. A,B and C are all correctarrow_forwardIn general, how can the understanding of the POB constructs help overcome the list of problems presented in the case? How can the manager of a unit consisting of mostly older, computer anxious, if not illiterate, employees who were very effective under the old system use positive resources to make a more successful transition to a new, technologically sophisticated operating system?arrow_forwardWe talk about a problem in Corporate Governance in active monitoring. A monitor learns about the Bad Project, which yields private benefit B, with probability M. The monitor learns nothing with probability 1-M. This probability of M of effective monitoring (=monitoring level) is dependent on the effort cost or what we call disutility of effort g(M) incurred by this monitor. It is assumed that disutility of effort is increasing g’()>0 and convex g’’()>0. We also assume that g’(0) and g’(1) = ∞. Let Rb be the borrower’s reward. In successful case, its value is b/Δp < Rb < B/Δp. Let Rm be the monitor’s payoff in a successful case. The question is: Show the Net Present Value of the project for monitoring level M.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Business/Professional Ethics Directors/Executives...AccountingISBN:9781337485913Author:BROOKSPublisher:Cengage
Auditing: A Risk Based-Approach (MindTap Course L...AccountingISBN:9781337619455Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:Cengage Learning
Business/Professional Ethics Directors/Executives...
Accounting
ISBN:9781337485913
Author:BROOKS
Publisher:Cengage
Auditing: A Risk Based-Approach (MindTap Course L...
Accounting
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Cengage Learning