Core concepts of accounting information systems by Nancy A Bagranoff; Mark G Simkin; Carolyn Strand Norman

By Nancy A Bagranoff; Mark G Simkin; Carolyn Strand Norman

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Suspicious accounting revenue c. Suspicious activity reporting d. Standard accounts receivable Q1-7. Which of the following is NOT true regarding assurance services? a. Auditors of public companies are no longer allowed to provide assurance services to any public company as a result of the Sarbanes-Oxley Act of 2002 b. Assurance services include online privacy evaluations c. Activity-based costing is not a type of assurance service d. Only CPAs can provide assurance services to clients Q1-8. Assigning overhead costs based on the resources, rather than only direct labor, used in manufacturing is an example of: a.

Requirements 1. Explain what managers can do in the short run to maximize return on investment as calculated at Acme. What other accounting measures could Acme use to evaluate the performance of its divisional managers? 2. Describe other instances in which accounting numbers might lead to dysfunctional behavior in an organization. 3. Search the Internet and find at least one company that offers an information system (or software) that might help Nehru evaluate his company’s performance. 1-14. ’’13 Discuss this comment from the viewpoint of each of the following: a.

A dashboard is: a. A computer screen used by data entry clerks for input tasks b. A physical device dedicated to AIS processing tasks c. A summary screen typically used by managers d. A type of blackboard used by managers to present useful information to others Q1-5. The Sarbanes-Oxley Act of 2002: a. S. officers to wire tap corporate phones if required b. Has lead to a decrease in the amount of work done by auditors and accountants c. Forbids corporations from making personal loans to executives d.

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