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Study sets matching "chapter 11 accounting information"

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Study sets matching "chapter 11 accounting information"

51 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…
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…
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
40 terms
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…
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
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…
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…
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…
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
23 terms
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…
18 terms
Accounting Information Systems Chapter 11 ( Auditing Computer-Based Information Systems)
Audit planning
Auditing
Internal auditing
Financial audit
determines why, how,when, and by whom the audit will be perfo…
The process of obtaining and evaluating evidence regarding as…
An independent, objective assurance and consulting activity d…
examines the reliability and integrity of financial transacti…
Audit planning
determines why, how,when, and by whom the audit will be perfo…
Auditing
The process of obtaining and evaluating evidence regarding as…
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…
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…
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…
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…
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…
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…
11 terms
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…
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…
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…
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…
14 terms
Accounting Information Systems Chapters 11
Auditing involves:
What is not typically responsibility f…
Which type of work list below is not t…
What is the purpose of the Information…
obtaining & evaluating evidence regarding assertions about ... e…
The actual responsibility of an internal auditor:... -improve &…
Internal Auditors do Financial Audit, a IS audit, operational…
is to review & evaluate the internal controls that protect th…
Auditing involves:
obtaining & evaluating evidence regarding assertions about ... e…
What is not typically responsibility f…
The actual responsibility of an internal auditor:... -improve &…
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…
29 terms
Accounting Chapter 11
automated teller machine (ATM)
bank service charge
bank statement
bankcard
computer terminal where account holders can conduct various b…
a fee the bank charges for maintaining bank records and proce…
an itemized record of all the transactions in a depositor's a…
a bank-issued card honored by many businesses that can be use…
automated teller machine (ATM)
computer terminal where account holders can conduct various b…
bank service charge
a fee the bank charges for maintaining bank records and proce…
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…
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…
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…
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.
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
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…
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…
19 terms
Financial Accounting Chapter 11
Authorized Shares
Common Stock
Cumulative Dividend Preference
Current Dividend Preference
Maximum number of shares of a corporation's capital stock tha…
The basic voting stock issued by a corporation.
Preferred stock feature that requires specified current divid…
The feature of preferred stock that grants priority to prefer…
Authorized Shares
Maximum number of shares of a corporation's capital stock tha…
Common Stock
The basic voting stock issued by a corporation.
119 terms
Health Information Chapter 11
offer a full range of healthcare servi…
(IDSs)
The range of healthcare services provi…
(IDNs)
Integrated delivery systems (IDSs)
Integrated delivery systems (IDSs)
Continuum of care:
integrated delivery networks (IDNs)
offer a full range of healthcare servi…
Integrated delivery systems (IDSs)
(IDSs)
Integrated delivery systems (IDSs)
29 terms
Accounting I ~ Chapter 11 Vocabulary
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 than can be us…
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 than can be us…
9 terms
Chapter 11 Accounting
Profit and Loss Account
Balance Sheet
Importance of a balance sheet
Gross Profit Margin
Sales how much money the company sold its goods for... Cost Of S…
Fixed Assets all the valuable items the business owns that it…
What the business can offer when applying for a loan ... working…
(Gross Profit / Sales)*100... If up More profit reason price inc…
Profit and Loss Account
Sales how much money the company sold its goods for... Cost Of S…
Balance Sheet
Fixed Assets all the valuable items the business owns that it…
24 terms
Accounting Information Systems Chapter 1
System
Goal conflict
Goal congruence
Data
1. two or more interrealted components that interact to achie…
occures when a subsystem is inconsistent with the goals of an…
achieved when a subsystem achieves its goals while contributi…
facts that are collected, recorded, stored, and processed by…
System
1. two or more interrealted components that interact to achie…
Goal conflict
occures when a subsystem is inconsistent with the goals of an…
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…
40 terms
Accounting Chapter 11
Liabilities reported in financial stat…
current liabilities
long-term liabilities
known liabilities
1.Arise from a past transaction or event.... 2.Are a present obl…
Obligations due to be paid or settled within one year or the…
Obligations not due to be paid within one year or the operati…
Obligations of a company with little uncertainty; set by agre…
Liabilities reported in financial stat…
1.Arise from a past transaction or event.... 2.Are a present obl…
current liabilities
Obligations due to be paid or settled within one year or the…
11 terms
Accounting 2 Chapter 11
purchases allowance
credit memorandum
board of directors
declaring a dividend
Credit allowed for part of the purchase price of merchandise…
A form prepared by the vendor showing the amount deducted for…
A group of persons elected by the stockholders to govern a co…
Action by a board of directors to distribute corporate earnin…
purchases allowance
Credit allowed for part of the purchase price of merchandise…
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…
109 terms
Health Information Chapter 11
offer a full range of healthcare servi…
(IDSs)
The range of healthcare services provi…
(IDNs)
Integrated delivery systems (IDSs)
Integrated delivery systems (IDSs)
Continuum of care:
integrated delivery networks (IDNs)
offer a full range of healthcare servi…
Integrated delivery systems (IDSs)
(IDSs)
Integrated delivery systems (IDSs)
22 terms
Managerial Accounting Chapter 11
Asset Turnover
Cost-Based Transfer Prices
Decentralization
Decentralized Company
The ratio of sales divided by an investment base, which measu…
Prices that are based on production costs and used to... transfe…
The delegation of decision-making authority to lower manageri…
A company in which operating subunits are created with... defini…
Asset Turnover
The ratio of sales divided by an investment base, which measu…
Cost-Based Transfer Prices
Prices that are based on production costs and used to... transfe…
167 terms
Chapter 11 Health Information Technologies
Accredited Standards Committee X12 (AS…
Adoption
Alert fatigue
American Recovery and Reinvestment Act…
A committee accredited by ANSI responsible for the developmen…
Reflects the fact that the organization has implemented all o…
When an excessive number of alerts are used in an information…
The purposes of this act include the following: (1) To preser…
Accredited Standards Committee X12 (AS…
A committee accredited by ANSI responsible for the developmen…
Adoption
Reflects the fact that the organization has implemented all o…
12 terms
Accounting 101 - Chapter 11
Cost of Goods Sold
Periodic Inventory System
Beginning Merchandise Inventory (Begin…
Ending Merchandise Inventory (Ending I…
Total Cost of the good which were sold to customers
An inventory system that at the END of each accounting period…
The Cost of Goods on hand in a company to begin an accounting…
The Cost of Goods that remain unsold at the END of the accoun…
Cost of Goods Sold
Total Cost of the good which were sold to customers
Periodic Inventory System
An inventory system that at the END of each accounting period…
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