ACC 340 Extraordinary Success |snaptutorial.com

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ACC 340 Final Exam Guide
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• Multiple-Choice Questions
• 1. The process by which a financial transaction
  is recorded so that its flow through the system
  can be followed is called
• Financial shadowing
• Managerial trace technique
• Concatenation
• Audit trail
• 2. Justifying expenditures for new technologies
  is especially difficult because
• You do not know how many jobs will be affected
• Expenses are often recurring and are difficult to
  estimate
• Many benefits are intangible and are not easily
  known or measured
• Justifying a new technology is no different from
  any other capital budgeting problem
• 3. The essential steps in performing a systems
  study are (in order of occurrence)
• Analysis, design, implementation and initial
  operation, follow up
• Design, planning, follow up, analysis, and
  implementation
• Planning, system specification, analysis,
  production, implementation
• Planning, analysis, design, implementation, and
  follow up

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• Recording business transactions in a journal
• Preparing a trial balance
• Recording closing entries in a journal
• Preparing transaction source documents
• none of the above
• 5. Which systems study step is normally performed
  first?
• Design
• Initial operation
• Follow up
• Analysis
• none of the above
• 6. The purpose of a company firewall is to
• Guard against spoofing
• Assist the IETF
• Deny computer hackers access to sensitive data
• all of the above

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• email address
• IETF
• 10. Business process reengineering efforts
  sometimes fail because
• Management gets too involved in the process
• Management is too optimistic regarding its
  expectations from its implementation
• Management support can never overcome employee
• resistance
• Employees will never accept change
• 11. The sales process begins with
• Placing an order with a vendor
• A customer order for goods or services
• Production of goods or services
• Delivery of goods or services
• 12. The primary objective in processing revenues
  is to
• Sell as many goods as possible
• Achieve timely and efficient cash collection

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• 15. Inputs to transaction processing systems
• Are always in hard copy
• Are best when input in a graphical format
• May be in an electronic format when an EDI system
  is used
• May never be audio
• 16.Integrated accounting software programs
  generally include all of the following, except
• Graphic reporting capabilities
• Internet connectivity
• One standardized chart of accounts
• The ability to handle multiple companies
• 17. Enterprise-wide AISs
• Almost never pay for themselves
• Do not include many more features than
  middle-range accounting software packages
• Are seldom used by multinational organizations
• Integrate an organizations financial functions
  with its other functional areas
• 18. Training and change management activities

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• 20. Many organizations purchased new AISs during
  the 1990s
• Because of the need for Year 2000 compliance
• Because they wanted Internet connectivity
• In order to take advantage of opportunities for
  reengineering
• all of the above
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• ACC 340 Week 1 Connect Knowledge Check
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1. The Certified Information Technology
Professional is the position created by the
AICPA to recognize CPAs who have the ability to
provide skilled professional services on
Information Technology. True False 2. The
correct order of effects in the value chain are
Inbound Logistics ? Operations ? Service Inbound
Logistics ? Outbound Logistics ? Marketing
Sales Inbound Logistics ? Operations ? Outbound
Logistics Inbound Logistics ? Operations ?
Shipping 3.
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Which designation would most appropriate for
those professionals possessing an IT audit,
control and security skills? Certified Internal
Auditor (CIA) Certified Information Systems
Auditors (CISA) Certified Information Technology
Professional (CITP) Certified Public Accountant
(CPA) 4. Business Process Modeling Notation
(BPMN) activity diagrams depict activities as
circles. True False 5. Obligatory business rules
state what should not occur. True False 6. Which
of the following is not a Stewardship and
Reporting role of the Accounting/Finance
Function in Business? Tax returns Regulatory
compliance Statutory reporting Human Resource
management 7. Many hospitals and doctor's
offices are beginning to digitize the medical
records of their patients. This is an example of
the strategic role. Informate - up Automate
Transform Informate - down 8. Which of the
following best describes a business model?
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A simple, abstract representation of a business
process or processes. A sequence of business
activities. An evaluation of potential business
process improvements. None of the
above. 9. Which of the following is the best
description of an association? The relationship
between two classes The lines in a UML Class
diagram A group of classes The number of times
one class is related to another 10. Which of the
following best describes the purpose of a gateway
in a Business Process Modeling Notation (BPMN)
activity diagram? Controls branching and
merging. Shows where the work takes place.
Describes the sequence of workflow. Affects the
flow of the business process. ....................
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....................................... ACC 340
Week 1 Discussion Question 1 For more classes
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Why do some organizations continue to use both
manual and computerized accounting information
systems? ........................................
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ACC 340 Week 1 Textbook Assignment Problem 6 Ch.
1
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• Write a response of no more than 1,050 words to
  Problem 6 from Ch. 1, "Accounting Information
  Systems and Firm Value" of Accounting
  Information Systems.
• Click the Assignment Files tab to submit your
  assignment.
• Using the accompanying explanations of each IT
  strategic role, suggest the appropriate IT
  strategic role (automate, informate or transform)
  for the following types of IT investments.
  Depending on your interpretation, it is possible
  that some of the IT investments could include two
  IT strategic roles.
• Digital health records
• Google Maps that recommend hotels and restaurants
  along a trip path 25
• Customer relationship management software
  d.Supply chain management software
• e.Enterprise systems
• f.Airline flight reservations systems g.PayPal
  (www.paypal.com)
• h.Amazon.com product recommendation on your
  homepage i.eBay
• j.Course and teacher evaluations conducted online
  for the first time
• (instead of on paper)

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......... ACC 340 Week 2 Connect Knowledge
Check For more classes visit
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1.
Control Objectives for Information and related
Technology's (CobIT) guidance is guided by a
structure that corresponds to the SDLC, namely
Plan and Organize, Acquire and Implement, Deliver
and Support and Monitor and Evaluate. True
False 2.
While hierarchical and network data models
require relationships to be formed at the
database creation, relational data models can be
made up as needed. True False 3.
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The project sponsor is generally the same person
as the project manager. True False 4.
The 100 Rule is a rule requiring 100 planning
of all external tasks. True False 5.
The analysis phase of the SDLC involves a
complete, detailed analysis of the systems needs
of the end user. True False 6.
To convert a conceptual model with a maximum
Multiplicities relationship of "many to many"
into relationship database tables, one
must Many-to-many relationship cannot be
represented in Access. Create a relationship
table to handle the many-to-many relationship.
Create a relation with no attributes of its
own. Create a foreign key in one of the tables to
link the two tables. 7.
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The Project Manager is the lead member of the
project team that is responsible for the
project. True False 8.
The critical path in a PERT chart represents
The most important tasks of the whole
project. The longest path of tasks needed for
project completion. The tasks that must be
completed without errors. The path of processes
that is critical for system adoption. 9.
The triple constraint of project management
includes the constraint of Adoption Usability Te
chnical issues Time 10. In Access, users can
edit database information in reports.
True False .......................................
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ACC 340 Week 2 Discussion Question 1
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What are some of the hardware components of your
PC at work? How are they different from the
components of your PC at home? ..................
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......................................... ACC
340 Week 2 Discussion Question 2 For more classes
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What are the benefits and limitations of the
network being used at your organization? .......
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.. ACC 340 Week 2 Enterprise Systems Paper For
more classes visit
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• Prepare a 700- to 1,050-word paper to include the
  following
• Describe the various types of enterprise wide
  accounting systems used in organizations.
• Explain how you might use the information system
  development process to implement a new system
  for your organization.
• Discuss the steps involved in the development
  process.
• Include a summary of the advantages and
  disadvantages of the different types of
  databases that are used in accounting systems.
• Click the Assignment Files tab to submit your
  assignment.
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• ACC 340 Week 2 Team Assignment Business Process
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• Select a company that you are familiar with to
  use as the basis for your assignment.
• Select a business activity in your selected
  company. For example, the
• sales activity, the accounting activity, the
  manufacturing activity, the hiring activity,
  etc.
• Prepare a 10- to 12-slide presentation to include
  the following
• Speaker notes.

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• A description of the business activity process.
• A Business Process Modeling Notation (BPMN)
  activity model for the selected business
  activity.
• An explanation of how the use of technology will
  impact this business activity and the accounting
  for this activity.
• Click the Assignment Files tab to submit.
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• ACC 340 Week 3 Discussion Question 1
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What are the advantages of a relational approach
to database design? What are the
drawbacks? ......................................
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..................... ACC 340 Week 3 Discussion
Question 2 For more classes visit
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Does your firm use a DBMS? Can you tell us about
it? .............................................
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.............. ACC 340 Week 3 Team Database and
Reports For more classes visit
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Use your selected business activity from Week
2. Design at least two relational database
tables. Identify the primary keys and foreign
keys for your tables. Determine the reports you
would create to assist management evaluate and
monitor the business process. Identify the
relationships (using keys) that are needed to
create these reports. Click the Assignment Files
tab to submit your assignment. Note. Grades are
awarded based upon individual contributions to
the Learning Team assignment. Each Learning Team
member receives a grade based upon his/her
contributions to the team assignment. Not all
students may receive the same grade for the team
assignment. .....................................
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...................... ACC 340 Week 4 Connect
Knowledge Check For more classes visit
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1. Investments in business analytics systems
support the balanced scorecard management
process during the Link to Operations step.
True False 2. The process of using
sophisticated statistical techniques to extract
and analyze data from large databases to discern
patterns and trends that were not previously
known is called Data Warehouse Business
Intelligence Data Mining Data Mart 3.
Which of the following is not a value proposition
characteristic expected to influence customer
value? Product attributes Image Relationship
Innovation 4.
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Since both are regulators, the SEC and the IRS
will likely have similar XBRL style sheets for
the various XBRL filings. True False 5.
XBRL GL (also known as XBRL Global Ledger
Taxonomy) serves as a means to facilitate
efficient communication within a firm. True
False 6.
Network IT changes the way that work if performed
and decisions are made. True False 7.
Which of the following is not a step in the
balanced scorecard management process? Adapt Inve
st Monitor Translate
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8.
In February 2009, the passed the rule requiring
all large domestic firms to begin formatting
their financial statements using XBRL. Financial
Accounting Standards Board American Institute of
Certified Public Accountants International
Accounting Standards Board Securities and
Exchange Commission 9.
XBRL assurance is generally expected to
include The most current, standardized XBRL
taxonomy is used. The underlying financial and
nonfinancial data that is used in XBRL tagging
is reliable. The XBRL tagging is accurate and
complete. The reports include all relevant
financial and nonfinancial information. 10.
Which of the following is the best description of
the Link to Operations step in the balanced
scorecard management process? The company
examines the competitive environment. The company
establishes objectives, measures, targets, and
initiatives. The company prepares operating
budgets and prioritizes business process
improvements. The company evaluates the
effectiveness of its strategy.
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......... ACC 340 Week 4 Discussion Question
1 For more classes visit
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What are the steps in the SDLC? Which is most
important? What are the ramifications of
skipping one of these steps? .....................
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...................................... ACC 340
Week 4 Discussion Question 2 For more classes
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What is your personal involvement in determining
IS requirements? .................................
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.......................... ACC 340 Week 4
Textbook Assignment Ch 13 Problem 1 and 2
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• Write a response of no more than 1,050 words to
  Problems 1 and 2 from Ch. 13, "The Balanced
  Scorecard and Business Value of Information
  Technology" on pp. 272 of Accounting Information
  Systems.
• Click the Assignment Files tab to submit your
  assignment.
• Select a prominent public company, such as Apple,
  Google, or Microsoft. Obtain recent annual
  reports and news articles about the company.
  Using that information, develop a strategy map
  that describes the companys performance. Start
  by defining its value proposition, and then
  identifying key business processes that deliver
  that value proposition.
• Use the company that you selected for Problem 1.
  Identify examples of its learning and growth
  efforts and explain how those might affect its
  business process performance.
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• ACC 340 Week 5 Computer Fraud Paper
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Prepare a 700- to 1,050-word article summary
about a recent data breach or computer fraud at
an organization to include the following
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• Describe the circumstances involved and the
  results of the event.
• Explain how the data breach occurred and what
  could have been done to prevent the breach/fraud
  from occurring.
• Discuss what the organization has done or is
  doing to prevent the breach/fraud from occurring
  in the future.
• Discuss the impact of the breach/fraud on the
  organization.
• Discuss whether you believe that most incidents
  of data breaches and fraud are reported to the
  public. Why or why not?
• Click the Assignment Files tab to submit your
  assignment.
• ..................................................
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• ACC 340 Week 5 Discussion Question 1
• For more classes visit

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What is the difference between a general control
and an application control? ....................
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....................................... ACC 340
Week 5 Discussion Question 2 For more classes
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22
What internal controls can be implemented using
information systems to safeguard your
organizations electronic assets? ...............
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.. ......................................... ACC
340 Week 5 Individual Assignment Final Exam For
more classes visit
www.snaptutorial.com

• Multiple-Choice Questions
• 1. The process by which a financial transaction
  is recorded so that its flow through the system
  can be followed is called
• Financial shadowing
• Managerial trace technique
• Concatenation
• Audit trail
• 2. Justifying expenditures for new technologies
  is especially difficult because
• You do not know how many jobs will be affected
• Expenses are often recurring and are difficult to
  estimate
• Many benefits are intangible and are not easily
  known or measured
• Justifying a new technology is no different from
  any other capital budgeting problem

23

• 3. The essential steps in performing a systems
  study are (in order of occurrence)
• Analysis, design, implementation and initial
  operation, follow up
• Design, planning, follow up, analysis, and
  implementation
• Planning, system specification, analysis,
  production, implementation
• Planning, analysis, design, implementation, and
  follow up
• 4. What is the first step to be performed by most
  organizations in their accounting cycles?
• Recording business transactions in a journal
• Preparing a trial balance
• Recording closing entries in a journal
• Preparing transaction source documents
• none of the above
• 5. Which systems study step is normally performed
  first?
• Design
• Initial operation
• Follow up
• Analysis
• none of the above

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• It can disseminate information corporate wide
• It can be accessed by selected trading partners
• Users can employ common web browsers to access
  information in them
• all of the above
• 9. Another name for an Internet domain address is
  its
• URL
• ISP
• email address
• IETF
• 10. Business process reengineering efforts
  sometimes fail because
• Management gets too involved in the process
• Management is too optimistic regarding its
  expectations from its implementation
• Management support can never overcome employee
• resistance
• Employees will never accept change
• 11. The sales process begins with

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• The cash forecast
• Aged accounts receivable information
• A receiving report
• 14. Which of the following is not an example of a
  source document?
• Receiving report
• Purchase order
• Sales order
• Aging report
• 15. Inputs to transaction processing systems
• Are always in hard copy
• Are best when input in a graphical format
• May be in an electronic format when an EDI system
  is used
• May never be audio
• 16.Integrated accounting software programs
  generally include all of the following, except
• Graphic reporting capabilities
• Internet connectivity

26

• Include technical training only
• Do not include the design of user interfaces
• 19. Which of the following software packages is
  not an example of a middle-range AIS?
• Great Plains Dynamics
• MAS 90
• SAP R/3
• Solomon
• 20. Many organizations purchased new AISs during
  the 1990s
• Because of the need for Year 2000 compliance
• Because they wanted Internet connectivity
• In order to take advantage of opportunities for
  reengineering
• all of the above