ACC/564 ACC564 ACC 564 WEEK 11 FINAL EXAM PART 2

The ________ stage of the auditing process involves (among other things) the auditors observing the operating activities and having discussions with employees.

Verifying the accuracy of certain information, often through communication with third parties, is known as

The auditor uses ________ to continuously monitor the system and collect audit evidence while live data are processed.

The risk-based audit approach is

The possibility that a material error will occur even though auditors are following audit procedures and using good judgment is referred to as

The document a customer returns with their payment and that identifies the source and the amount of the payment is called a

Which document should always be included with a merchandise shipment to a customer?

What is the basic document created in the billing process?

The manager of Callow Youth Clothing was entering an order online from Sad Clown Pajamas. He entered all the items and quantities, completed the checkout and payment process, but the following error message popped up when he tried to exit the site: "Please enter your email address." This message is likely the result of a

Key differences exist when an integrated Enterprise Resource Planning system (ERP) replaces an existing AIS or legacy system. For example, ________ are more accurate and timely, enabling sales order entry staff to provide customers more accurate information about delivery dates.

Stepanek Sales and Service provides free coffee to employees. Stepanek arranged with Ingebrigtson's Joe to deliver as many coffee packages, sugar, creamer, and filters as needed each week. Ingebrigtson's sends a monthly invoice for Stepanek to pay. This arrangement is best described as a

In the expenditure cycle, Financial Electronic Data Interchange (FEDI) increases efficiency by

A major cost in the purchasing function is the number of purchase orders processed. One technique that may reduce purchasing-related expenses is to have suppliers compete with each other to meet demand at the lowest price. This name of this technique is

Bob Chum is the sales manager at Folding Squid Technologies. At lunch with the company CEO, he proudly announced that he had received a ________ from a client to buy a large quantity of components from Folding Squid.

Bob Chum is the sales manager at Folding Squid Technologies. At lunch with the company CEO, he complained that a recent shipment from a vendor had been unsatisfactory and so had to be returned. That required the purchasing manager to send a ________ to the supplier.

Which of the following will contribute to the efficiency of a payroll system?

Companies that specialize in processing payroll are known as

For recording time spent on specific work projects, manufacturing companies usually use a

A "zero balance check" refers to which of the following control procedures?

Which type of payroll report lists the voluntary deductions for each employee?

Adjusting entries that are made to counteract the effects of errors found in the general ledger are called

Adjusting entries that reflect events that have already occurred, but for which no cash flow has taken place are classified as

Budgets and performance reports should be developed on the basis of

Adjusting entries that are made to recognize revenue that has been received but not yet earned are classified as

Which of the following balanced scorecard dimensions provides measures on how efficiently and effectively the organization is performing key business processes?

A(n) ________ diagram graphically depicts a database's contents by showing entities and relationships.

The "give" event represents an activity which

How many types of relationships are possible between entities?

Relationships that affect the quantity of a resource are sometimes referred to as ________ relationships.

An entity-relationship (E-R) diagram represents entities as ________ and the relationships between them as lines and ________.

Which of the following aspect of a feasibility study is concerned with human resources?

Which group of individuals listed below can be the most effective in generating employee support and encouraging the development and acceptance of an AIS project?

Which data gathering method is most helpful to deal with the question: "Why?"

When the information is brief and well defined, which is the best data-gathering approach to use?

The type of user resistance in which data are erroneously entered into a system is called

Firms should consider preparing a software prototype if the application

What would be one duty of second-line help desk personnel?

Business Process Management views business processes as

The reasons for ________ are to simplify the decision-making process, reduce errors, provide timesavings, and avoid potential disagreements.

Benathir Donathat, director of the project committee, has received approval from management for implementation of a new accounting information system. After putting out an RFP, the committee settled on a vendor that will deliver all hardware and software required on a lease basis. The committee decided to go with

What type of conversion terminates the old system as soon as the new system is ready?

One process used to uncover and eliminate program errors is known as

The decision about how often to produce a certain report is part of which conceptual design specification element?

Who is responsible for evaluating the design alternatives and selecting the one that best meets the organization's needs?

One of the purposes of the ________ is to guide physical systems design activities.