Study sets matching "chapter 11 accounting information"

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Study sets matching "chapter 11 accounting information"

Accounting Information Systems Chapter 11
Auditing
Internal Auditing
Financial Audit
Information Systems (Internal Control)…
Objectively obtaining & evaluating evidence regarding asserti…
Assurance & consulting activity designed to add value, improv…
Examination of the reliability & integrity of financial trans…
Examination of the general & application controls of an IS to…
Auditing
Objectively obtaining & evaluating evidence regarding asserti…
Internal Auditing
Assurance & consulting activity designed to add value, improv…
36 terms
Accounting Information Systems: Chapter 11
agile approach
attributes
big-design-up-front
bottlenecks
an approach to systems development that is normally iterative…
data items related to objects
an approach to systems development that focuses on producing…
weaknesses in a system where small changes can result in majo…
agile approach
an approach to systems development that is normally iterative…
attributes
data items related to objects
Accounting Information Systems Chapter 11
Auditing
Internal Auditing
Financial Audit
Information Systems (Internal Control)…
Objectively obtaining and evaluating evidence regarding asser…
Assurance and consulting activity designed to add value, impr…
Examination of the reliability and integrity of financial tra…
Examination of the general and application controls of an IS…
Auditing
Objectively obtaining and evaluating evidence regarding asser…
Internal Auditing
Assurance and consulting activity designed to add value, impr…
20 terms
Accounting Information Systems Chapter 11
Asymmetric key encryption
Authentication
Business continuity management (BCM)
Certificate Authority
To transmit confidential information, the sender uses the rec…
A process that establishes the origin of information or deter…
The activities required to keep a firm running during a perio…
A trusted entity that issues and revokes digital certificates
Asymmetric key encryption
To transmit confidential information, the sender uses the rec…
Authentication
A process that establishes the origin of information or deter…
28 terms
Accounting Information Systems: Chapter 11 Key Terms
Billing/ Accounts Receivable/ Cash Rec…
Electronic Bill Presentment and Paymen…
Float
Good Funds
Interacting structure of people, equipment, activities and co…
Helps to achieve more timely billing and cash receipts at red…
The time between the payment by the customer and the availabi…
Funds on deposit and available for use
Billing/ Accounts Receivable/ Cash Rec…
Interacting structure of people, equipment, activities and co…
Electronic Bill Presentment and Paymen…
Helps to achieve more timely billing and cash receipts at red…
83 terms
Core Concepts of Accounting Information Systems - Chapter 11
There is no complete, generally accept…
The largest known computer crime of re…
Most computer abuse that we have caugh…
According to the chapter, a computer v…
True
False
False
False
There is no complete, generally accept…
True
The largest known computer crime of re…
False
25 terms
Accounting Information Systems Chapter 11
Auditing
Internal Auditing
Financial Audit
Information Systems (Internal Control)…
Objectively obtaining & evaluating evidence regarding asserti…
Assurance & consulting activity designed to add value, improv…
Examination of the reliability & integrity of financial trans…
Examination of the general & application controls of an IS to…
Auditing
Objectively obtaining & evaluating evidence regarding asserti…
Internal Auditing
Assurance & consulting activity designed to add value, improv…
28 terms
Accounting Information Systems: Chapter 11 Key Terms
Billing/ Accounts Receivable/ Cash Rec…
Electronic Bill Presentment and Paymen…
Float
Good Funds
Interacting structure of people, equipment, activities and co…
Helps to achieve more timely billing and cash receipts at red…
The time between the payment by the customer and the availabi…
Funds on deposit and available for use
Billing/ Accounts Receivable/ Cash Rec…
Interacting structure of people, equipment, activities and co…
Electronic Bill Presentment and Paymen…
Helps to achieve more timely billing and cash receipts at red…
Chapter 11 Accounting Information Systems
Inherent Risk
Control Risk
Detection Risk
Confirmation
Susceptibility to significant control problems in the absence…
Risk that a material misstatement will get through the intern…
Risk that auditors and their audit procedures will to fail to…
Written communication with independent third parties to confi…
Inherent Risk
Susceptibility to significant control problems in the absence…
Control Risk
Risk that a material misstatement will get through the intern…
35 terms
Accounting Information Systems: Chapter 11 Key Terms
Billing/ Accounts Receivable/ Cash Rec…
Electronic Bill Presentment and Paymen…
Float
Good Funds
Interacting structure of people, equipment, activities and co…
Helps to achieve more timely billing and cash receipts at red…
The time between the payment by the customer and the availabi…
Funds on deposit and available for use
Billing/ Accounts Receivable/ Cash Rec…
Interacting structure of people, equipment, activities and co…
Electronic Bill Presentment and Paymen…
Helps to achieve more timely billing and cash receipts at red…
core concepts accounting information systems chapter 11
applet
audit command language (ACL)
boot-sector viruses
computer abuse
a small program that is stored in a web page. can contain vir…
specialized software tools to help auditors perform auditing…
a virus that hides in the boot sector of a disk, where the op…
unauthorized use of a computer for purposes contrary to that…
applet
a small program that is stored in a web page. can contain vir…
audit command language (ACL)
specialized software tools to help auditors perform auditing…
33 terms
Core Concepts of Accounting Information Systems, Chapter 11
applet
Association of Certified Fraud Examiners
Audit Command Language
boot-sector viruses
a small program stored in a web page file and designed to be…
an international professional organization committed to detec…
specialized software tools to help perform auditing tasks
hide in the boot sectors of a disk, where the operating syste…
applet
a small program stored in a web page file and designed to be…
Association of Certified Fraud Examiners
an international professional organization committed to detec…
Core Concepts of Accounting Information Systems - Chapter 11
There is no complete, generally accept…
The largest known computer crime of re…
Most computer abuse that we have caugh…
According to the chapter, a computer v…
True
False
False
False
There is no complete, generally accept…
True
The largest known computer crime of re…
False
22 terms
Chapter 11 Accounting
Internal Controls
External Controls
Checking Account
Check
Procedures within the business that are designed to protect c…
Measures and Procedures provided outside the business to prot…
allows a person or business to deposit cash in a bank and to…
A written order from a depositor telling the bank to pay a st…
Internal Controls
Procedures within the business that are designed to protect c…
External Controls
Measures and Procedures provided outside the business to prot…
Chapter 11 - Accounting Information Systems & Business Processes: Part II
Human Resource (HR) Management
BPM software
Payroll processing information systems
Inputs to HR Mgmt Processing:
personnel functions; hiring and laying off employees; handlin…
are able to automate the core processes that normally occur i…
pay employees for their work; maintain employee earning recor…
...
Human Resource (HR) Management
personnel functions; hiring and laying off employees; handlin…
BPM software
are able to automate the core processes that normally occur i…
22 terms
Accounting Chapter 11
Internal Controls
External Controls
Checking Account
Check
Procedures within the business that are designed to protect c…
Measures and Procedures provided outside the business to prot…
Allows a person or business to deposit cash in a bank and to…
A written order from a depositor telling the bank to pay a st…
Internal Controls
Procedures within the business that are designed to protect c…
External Controls
Measures and Procedures provided outside the business to prot…
12 terms
Accounting--Chapter 11 Terms
Board of directors
Credit memorandum
Debit memorandum
Declaring a dividend
A group of persons elected by the stockholders to govern a co…
A form prepared by the vendor showing the amount deducted for…
A form prepared by the customer showing the price deduction t…
Action by a board of directors to distribute corporate earnin…
Board of directors
A group of persons elected by the stockholders to govern a co…
Credit memorandum
A form prepared by the vendor showing the amount deducted for…
57 terms
Chapter 11 - Accounting Information Systems & Business Processes: Part II
Human Resource (HR) Management
BPM software
Payroll processing information systems
Inputs to HR Mgmt Processing:
personnel functions; hiring and laying off employees; handlin…
are able to automate the core processes that normally occur i…
pay employees for their work; maintain employee earning recor…
...
Human Resource (HR) Management
personnel functions; hiring and laying off employees; handlin…
BPM software
are able to automate the core processes that normally occur i…
6 terms
Accounting - Chapter 11
accounts payable ledger
accounts receivable ledger
controlling account
schedule of accounts payable
A subsidiary ledger containing only accounts for vendors from…
A subsidiary ledger containing only accounts for charge custo…
An account in a general ledger that summarizes all accounts i…
A listing of vendor accounts, account balances, and total amo…
accounts payable ledger
A subsidiary ledger containing only accounts for vendors from…
accounts receivable ledger
A subsidiary ledger containing only accounts for charge custo…
9 terms
Accounting Chapter 11 Vocabulary
subsidiary ledger
accounts payable ledger
accounts receivable ledger
controlling account
A ledger that is summarized in a single general ledger account.
A subsidiary ledger containing only accounts for vendors from…
A subsidiary ledger containing only accounts for charge custo…
An account in a general ledger that summarizes all accounts i…
subsidiary ledger
A ledger that is summarized in a single general ledger account.
accounts payable ledger
A subsidiary ledger containing only accounts for vendors from…
6 terms
Accounting Chapter 11 Vocabulary
accounts payable ledger
accounts receivable ledger
controlling account
schedule of accounts payable
a subsidiary ledger containing only accounts for vendors from…
a subsidiary ledger containing only accounts for charge custo…
an account in a general ledger that summarizes all accounts i…
a listing of vendor accounts, account balances, and total amo…
accounts payable ledger
a subsidiary ledger containing only accounts for vendors from…
accounts receivable ledger
a subsidiary ledger containing only accounts for charge custo…
14 terms
(Chapter 11) Accounting information in Open in Systems - Understanding the Balanced Scorecard
What is scientific management movement?
What is a balanced scorecard?
What is the key focus of a balanced sc…
What is involved in a balanced scoreca…
People are additions to machines. E.g people work efficiently…
Limitations of financial indicators, incorporate other qualit…
To establish a cause and effect relationship
Vision & Strategy, Financial. Customer Satisfaction, business…
What is scientific management movement?
People are additions to machines. E.g people work efficiently…
What is a balanced scorecard?
Limitations of financial indicators, incorporate other qualit…
Accounting Terms - Chapter 11
automated teller machine (ATM)
bankcard
bank service charge
bank statement
Computer terminal where account holders can conduct various b…
A bank-issued card honored by many businesses that can be use…
A fee the bank charges for maintaining bank records and proce…
An itemized record of all the transactions in a depositor's a…
automated teller machine (ATM)
Computer terminal where account holders can conduct various b…
bankcard
A bank-issued card honored by many businesses that can be use…
6 terms
Accounting I - Chapter 11
accounts payable ledger
accounts receivable ledger
controlling account
schedule of accounts payable
a subsidiary ledger containing only accounts for vendors from…
a subsidiary ledger containing only accounts for charge custo…
an account in a general ledger that summarizes all accounts i…
a listing of vendor accounts, account balances, and total amo…
accounts payable ledger
a subsidiary ledger containing only accounts for vendors from…
accounts receivable ledger
a subsidiary ledger containing only accounts for charge custo…
Accounting: Chapter 11 Vocab
general journal
purchases return
purchases allowance
debit memorandum
a journal with two amount columns in which all kinds of entri…
credit allowed for the purchase price of returned merchandise…
credit allowed for part of the purchases price of merchandise…
a form prepared by the customer showing the price deduction t…
general journal
a journal with two amount columns in which all kinds of entri…
purchases return
credit allowed for the purchase price of returned merchandise…
29 terms
Accounting I - Chapter 11
internal controls
external controls
checking account
check
procedures to protect cash and other assets
procedures outside the business to protect cash and other ass…
allows a person/business to write checks against cash in a bank
a written order telling the bank to pay a stated amount
internal controls
procedures to protect cash and other assets
external controls
procedures outside the business to protect cash and other ass…
6 terms
Accounting Chapter 11
subsidiary ledger
accounts payable ledger
accounts receivable ledger
controlling account
a ledger that is summarized in a single general ledger account
a subsidiary ledger containing only accounts for vendors from…
a subsidiary ledger containing only accounts for charge custo…
an account in the general ledger that summarizes all accounts…
subsidiary ledger
a ledger that is summarized in a single general ledger account
accounts payable ledger
a subsidiary ledger containing only accounts for vendors from…
6 terms
Accounting Chapter 11 Terms
Subsidiary Ledger
Accounts Payable Ledger
Accounts Receivable Ledger
Controlling Account
a ledger that is summarized in a single general ledger account
a subsidiary ledger containing only accounts for vendors from…
a subsidiary ledger containing only accounts for charge custo…
an account in a general ledger that summarizes all accounts i…
Subsidiary Ledger
a ledger that is summarized in a single general ledger account
Accounts Payable Ledger
a subsidiary ledger containing only accounts for vendors from…
40 terms
Accounting II Chapter 11-13
general journal
purchases return
purchases allowance
debit memorandum
a journal with two amount columns in which all kinds of entri…
credit allowed for the purchase price of returned merchandise…
credit allowed for part of the purchase price of merchandise…
a form prepared by the customer showing the price deduction t…
general journal
a journal with two amount columns in which all kinds of entri…
purchases return
credit allowed for the purchase price of returned merchandise…
11 terms
Accounting - Chapter 11
Board Of Directors
Credit Memorandum
Debit Memorandum
Declaring A Dividend
A group of persons elected by the stockholders to govern a co…
A form prepared by the vendor showing the amount deducted for…
A form prepared by the customer showing the price deduction t…
Action by a board of directors to distribute corporate earnin…
Board Of Directors
A group of persons elected by the stockholders to govern a co…
Credit Memorandum
A form prepared by the vendor showing the amount deducted for…
11 terms
Accounting Chapter 11 Review
general journal
credit memorandum
sales return
board of directors
A journal with two amount columns in which all kinds of entri…
A form prepared by the vendor showing the amount deducted for…
Credit allowed to a customer for the sales price of returned…
A group of persons elected by the stockholders to govern a co…
general journal
A journal with two amount columns in which all kinds of entri…
credit memorandum
A form prepared by the vendor showing the amount deducted for…
71 terms
Intermediate Accounting: Chapter 11
Depreciation
Depletion
Amortization
Factors Involved in the Depreciation P…
Depreciation... The process of allocating the cost of tangible a…
Depletion... The process of allocating the cost of natural resou…
Amortization... The allocation of the cost of intangible assets…
Before establishing a pattern of charges to revenue, a compan…
Depreciation
Depreciation... The process of allocating the cost of tangible a…
Depletion
Depletion... The process of allocating the cost of natural resou…
12 terms
Accounting - Chapter 11 - Terms
Board of directors
Credit memorandum
Debit memorandum
Declaring a dividend
A group of persons elected by the stockholders to govern a co…
A form prepared by the vendor showing the amount deducted for…
A form prepared by the customer showing the price deduction t…
Action by a board of directors to distribute corporate earnin…
Board of directors
A group of persons elected by the stockholders to govern a co…
Credit memorandum
A form prepared by the vendor showing the amount deducted for…
25 terms
Accounting Chapter 11
subsidiary ledger
accounts payable ledger
accounts receivable ledger
controlling account
A ledger that is summarized in a single general ledger account.
A subsidiary ledger containing only accounts for vendors from…
A subsidiary ledger containing only accounts for charge custo…
An account in a general ledger that summarizes all accounts i…
subsidiary ledger
A ledger that is summarized in a single general ledger account.
accounts payable ledger
A subsidiary ledger containing only accounts for vendors from…
27 terms
Information System - Chapter 11
Systems Development Life Cycle (SDLC)
Feasibility Study
requirements analysis
process diagrams
the process that describes the seven steps in the life of an…
Part of the information system planning process that examine…
the process by which stakeholders identity the features a new…
graphical representation that trace how each process that a n…
Systems Development Life Cycle (SDLC)
the process that describes the seven steps in the life of an…
Feasibility Study
Part of the information system planning process that examine…
34 terms
Accounting Chapter 11
Which of the following is not true of…
Which of the following principles best…
Depreciation is a:... means of recording…
All of the following are economic fact…
Depreciation lowers the book value of the asset as it ages an…
Systematic and rational allocation
means of allocating the cost of a tangible asset to each of t…
wear and tear.
Which of the following is not true of…
Depreciation lowers the book value of the asset as it ages an…
Which of the following principles best…
Systematic and rational allocation
18 terms
Accounting for Payroll - Chapter 11
Employee
Indepentdent Contractor
Fair Labor Standards Act
Minimum Wage
is under direct control of the employer on a continuing basis
agrees to perform and complete a specific job or task and is…
establishes minimum wage, overtime pay, child labor, required…
is the lowest hourly rate that can be paid to employees cover…
Employee
is under direct control of the employer on a continuing basis
Indepentdent Contractor
agrees to perform and complete a specific job or task and is…
6 terms
Introduction to Accounting- Chapter 11
Subsidiary Ledger
Accounts Payable Ledger
Accounts Receivable Ledger
Controlling Account
A ledger that is summarized in a single general ledger account.
A subsidiary ledger containing only accounts for vendors from…
A subsidiary ledger containing only accounts for charge custo…
An account in a general ledger that summarizes all accounts i…
Subsidiary Ledger
A ledger that is summarized in a single general ledger account.
Accounts Payable Ledger
A subsidiary ledger containing only accounts for vendors from…
12 terms
Chapter 11 Information
antipope
humanism
Great Schism of the West
Renaissance
someone who is not the true pope
philosophy that placed greater emphasis on the human person
period in which rival cardinals were electing rival popes, on…
French word that means rebirth; during this period there was…
antipope
someone who is not the true pope
humanism
philosophy that placed greater emphasis on the human person
Accounting Chapter 11
Current liability
Unearned Revenue
Current Maturities of Long-Term Debt
Contingent Liabilities
Company expects to pay the debt from existing current assets…
Company debits Cash, and credits a current liability... account…
not part of the balance sheet, Portion of long-term debt that…
The likelihood that the future event will confirm the... incurre…
Current liability
Company expects to pay the debt from existing current assets…
Unearned Revenue
Company debits Cash, and credits a current liability... account…
7 terms
Information System - Chapter 11
Data Discovery
Enterprise Mashups
Enterprise Data Mashups
Customer Enterprise Mashup
Discovering hidden relationships through visualization
Combine business data and applications from multiple sources…
Combinations of data from various business systems and extern…
Provides a quick view of customer data for a sales person in…
Data Discovery
Discovering hidden relationships through visualization
Enterprise Mashups
Combine business data and applications from multiple sources…
Chapter 11 Accounting Vocab
accounts payable ledger
accounts receivable ledger
controlling account
schedule of accounts payable
a subsidiary ledger containing only accounts for vendors from…
a subsidiary ledger containing only accounts for charge custo…
an account in a general ledger that summarizes all accounts i…
a listing of vendor accounts, account balances, and total amo…
accounts payable ledger
a subsidiary ledger containing only accounts for vendors from…
accounts receivable ledger
a subsidiary ledger containing only accounts for charge custo…
Accounting Chapter 11
accounts payable ledger
accounts receivable ledger
controlling account
schedule of accounts payable
A subsidiary ledger containing only accounts for vendors from…
A subsidiary ledger containing only accounts for charge custo…
An account in a general ledger that summarizes all accounts i…
A listing of vendor accounts, account balances, and total amo…
accounts payable ledger
A subsidiary ledger containing only accounts for vendors from…
accounts receivable ledger
A subsidiary ledger containing only accounts for charge custo…
33 terms
Information systems chapter 11
analytical CRM system
bullwhip effect
bundling
campaign management applications
CRM system that analyzes customer behavior and perceptions in…
erratic shifts in orders up and down the supply chain
a form of cross selling where and enterprise sells a group of…
CRM applications that help organizations plan marketing campa…
analytical CRM system
CRM system that analyzes customer behavior and perceptions in…
bullwhip effect
erratic shifts in orders up and down the supply chain
34 terms
Accounting Chapter 11
Three benefits stock ownerships are
Authorized number of shares
Issued shares
Outstanding shares
Benefits of stock ownership, 1)voice in mgmt *majority stock…
Max number of common shares that can be sold.
Stock sold to public
Shares held by individ stock holders
Three benefits stock ownerships are
Benefits of stock ownership, 1)voice in mgmt *majority stock…
Authorized number of shares
Max number of common shares that can be sold.
71 terms
Accounting Chapter 11
D
B
A
D
22. The factors that need to be determined to compute depreci…
23. The depreciable base for an asset is: ... ... A. Its service…
24. Depreciation, depletion, and amortization: ... ... A. All ref…
25. Gains on the cash sales of fixed assets:... ... A. Are the ex…
D
22. The factors that need to be determined to compute depreci…
B
23. The depreciable base for an asset is: ... ... A. Its service…
71 terms
Accounting Chapter 11
D
B
A
D
22. The factors that need to be determined to compute depreci…
23. The depreciable base for an asset is: ... ... A. Its service…
24. Depreciation, depletion, and amortization: ... ... A. All ref…
25. Gains on the cash sales of fixed assets:... ... A. Are the ex…
D
22. The factors that need to be determined to compute depreci…
B
23. The depreciable base for an asset is: ... ... A. Its service…
Chapter 11 Accounting
Internal Controls
External Controls
Checking Account
Check
Procedures within the business that are designed to protect c…
Measures and Procedures provided outside the business to prot…
allows a person or business to deposit cash in a bank and to…
A written order from a depositor telling the bank to pay a st…
Internal Controls
Procedures within the business that are designed to protect c…
External Controls
Measures and Procedures provided outside the business to prot…
29 terms
Chapter 11 Accounting
Internal Controls
External Controls
Checking Account
Check
Procedures within the business that are designed to protect c…
Measures and Procedures provided outside the business to prot…
allows a person or business to deposit cash in a bank and to…
A written order from a depositor telling the bank to pay a st…
Internal Controls
Procedures within the business that are designed to protect c…
External Controls
Measures and Procedures provided outside the business to prot…
71 terms
Accounting Chapter 11
D
B
A
D
22. The factors that need to be determined to compute depreci…
23. The depreciable base for an asset is: ... ... A. Its service…
24. Depreciation, depletion, and amortization: ... ... A. All ref…
25. Gains on the cash sales of fixed assets:... ... A. Are the ex…
D
22. The factors that need to be determined to compute depreci…
B
23. The depreciable base for an asset is: ... ... A. Its service…
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