Accointing Information Syatem

In: Business and Management

Submitted By pactong
Words 1867
Pages 8
Feedback: What you chose is correct.

Part 2 of 5 -
20.0/ 30.0 Points

Question 7 of 30
5.0/ 5.0 Points
Communicating information to external decision makers is accomplished through ___ as part of the process of ___.

A. Financial statements, bookkeeping

B. Financial statements, accounting

C. Journal entries, bookkeeping

D. Journal entries, accounting

Answer Key: B

Feedback: What you chose is correct.

Question 8 of 30
5.0/ 5.0 Points
Human judgment is important in which of the following AIS tasks: (i) designing source documents, (ii) recognizing recordable transactions.

A. I only

B. II only

C. Both I and II

D. Neither I nor II

Answer Key: C

Feedback: What you chose is correct.

Question 9 of 30
0.0/ 5.0 Points
Courses intended for freshmen at a local university are numbered from 100 to 199, while courses intended for seniors at the same university are numbered from 400 to 499. Which coding system is the university using?

A. Sequential

B. Block

C. Hierarchical

D. Mnemonic

Answer Key: B

Feedback: What you chose was incorrect.

Question 10 of 30
5.0/ 5.0 Points
As an internal control measure in the accounting cycle, physical security most clearly applies to:

A. Source documents

B. The balance sheet

C. The income statement

D. The statement of cash flows

Answer Key: A

Feedback: What you chose is correct.

Question 11 of 30
5.0/ 5.0 Points
Which of the following most clearly differentiates accounting and bookkeeping?

A. Bookkeeping always involves information technology; accounting does not.

B. Accounting always involves information technology; bookkeeping does not.

C. Bookkeeping is the part of accounting most focused on rules and procedures.

D. A college degree is required for bookkeeping, but not for…...

Similar Documents


...response to these stimuli. Through the perceptual process, we gain information about properties and elements of the environment that are critical to our survival.  A number of factors operate to shape and sometimes distort perception These factors can reside:  i) In the perceiver  ii) In the Object or target being perceived or  iii) In the context of the situation in which the perception is made.  1. Characteristics of the Perceiver: Several characteristics of the perceiver can affect perception. When an individual looks at a target and attempts to interpret what he or she stands for, that interpretation is heavily influenced by personal characteristics of the individual perceiver. The major characteristics of the perceiver influencing perception are:  a) Attitudes: The perciver's attitudes affect perception. For example, Mr. X is interviewing candidates for a very important position in his organization - a position that requires negotiating contracts with suppliers, most of whom are male. Mr. X may feel that women are not capable of holding their own in tough negotiations. This attitude with doubtless affect his perceptions of the female candidates he interviews.  b) Moods: Moods can have a strong influence on the way we perceive someone. We think differently when we are happy than we do when we are depressed. In addition, we remember information that is consistent with our mood state better than information that is inconsistent with our mood state. When in a positive......

Words: 1629 - Pages: 7


...describe the advantage of using the relational model. (6). Create an E-R diagram using graphical depicting software that could theoretically be used in a restaurant application. Now that you know the purpose of this assignment, I will define three key terms that will be discussed in this assignment. The first term is Database (DB), which is a collection of information organized in such a way that a computer program can quickly select desired pieces of data. You can think of a database as an electronic filing system. Traditional databases are organized by fields, records, and files. To access information from a database, you need a database management system (DBMS). This is a collection of programs that enables you to enter, organize, and select data in a database. The second term, Entity-Relationship Model (ER) is a way of graphically representing the logical relationships of entities or objects in order to create a database. The ER model was first proposed by Peter Pin-Shan Chen of Massachusetts Institute of Technology (MIT) in the 1970s (Ricardo, 2012, p. 19). The third term is relational model, which views information in a database as a collection of distinctly named tables. Each table has a specified set of named columns, each column name or attribute being distinct within a particular table, but not necessarily between tables. Next, I will address the advantages of a relational model specific to ACME Global Consulting. Since Acme Global Consulting is a leader in......

Words: 1493 - Pages: 6


... Information is power; there is no doubt about this. There is universal agreement that information is important and it cannot be underestimated. I therefore would like to classify information as the fifth factor of production. Increasing the information input factor mix definitely improves productivity. The need for adequate, timely and up to date information in taking both personal and corporate decisions has often been stressed. One of the means through which information is transmitted is the newspaper, which is hereby referred to as newspaper information. Daily newspapers are accorded a great deal of importance in most companies and ZRA inclusive. In most cases, the source of most policy changes, priority changes and even interest changes has been the information read on the pages of newspapers. Newspaper information has thus become an integral part of today`s information sources. But the major thrust of Newspaper information today has been in the area of investigative, educational, occupational, social and business information. Newspapers have also been an intrinsic element in waging social revolution or campaigning for change in social structure. One basic strength of newspapers compared to other media is accessibility of information, whereas a basic weakness of television and radio is a lack on an adequate information supply system that could provide news and other information desired the time frame of broadcasting hours. One of the great impediments to success in......

Words: 371 - Pages: 2


...As computers are being used more and more in education, there will be soon no role for teachers in the classroom. There is no doubt that education and the learning process has changed since the introduction of computers: The search for information has become easier and amusing, and connectivity has expedited the data availability. Though experts systems have made computers more intelligent, they have not yet become a substitute of the human interaction in the learning process. In my opinion; what can be expected, is a change of the teachers’ role but not their disappearance from the classroom. [pic][pic] Nobody can argue that the acquisition of knowledge is more fun and easier with computers. The mere activity of touching and exploring this device constitutes an enjoyable task for a kid. This, accompanied with the relaxing attitude and software interactivity, usually conduce to a better grasping of new knowledge. At a higher educational level; the availability of digital books, simulator and other academic materials, provide the student with an ever accessible source of information, that otherwise would not be at hand. But, besides the increasing complexity and behavior of intelligent software, which is usually embedded in the academic digital material, the need of human interaction in the learning process will always be present, at least in the foreseeable future. There is the necessity for a human being to be able to determine what the specifics needs of each individual...

Words: 402 - Pages: 2


...There are Information Systems and Applications use by different parts of an organization. The ones that will be discussed in this essay are: Accounting, Finance, and Human Resource Department. The different systems that interchange within the organization’s departments are: Management Information System, Enterprise Resource Planning System, and the Expert System. Each of these systems help management had access to important information that help make changes on the organization’s productivities and uses the information to make changes within the organization and all business decisions. For example, the production plans and production results are inputs to the budgeting and accounting system (for financial planning) and the human resources systems (for staffing, training, etc.). The systems use a blend of computer and communications, hardware and software, human-machine interaction, and internal and external sources of data. A management information system (MIS) is a system or process that provides the information necessary to manage an organization effectively. MIS is viewed and used at many levels by management. It should be supportive of an organization’s longer term strategic goals and objectives. It is also those everyday financial accounting systems that are used to ensure basic control is maintained over financial recordkeeping activities. Financial accounting systems are an important functional element or part of the total MIS structure. An Enterprise Resource......

Words: 447 - Pages: 2


...3 Essential qualities of information systems This chapter enumerates 3 essential qualities of useful information systems: readability, browsability, and searchability. In order to be useful, any information system must be readable, browsable, and searchable. This chapter enumerates guidelines and outlines qualities of readability, browsability, and searchability so you, as an information system manager, can incorporate these ideas into your products and services. An information system, in the present context, is any organized collection of information. In our culture, information systems abound. The dash board of our cars are information systems. Maps are information systems. World Wide Web servers are no exception. While World Wide Web servers are primarily intended to be an electronic publishing medium they are also information systems. In order to be most effective, all but the smallest of information systems must be readable, browsable, as well as searchable. All of these qualities (readability, browsability, and searchability) do not have to be equally represented in every information system. As your collection of information increases, different aspects of these qualities take on greater significance. Thus, the amount of readability, browsability, and searchability your information system exhibits depends on the type and quality of your collected data, as well as the information needs of your clientele. 1. Readability- Readability connotes an appealing......

Words: 2620 - Pages: 11


...Learning Outcomes Week 2 INFORMATION SYSTEMS IN BUSINESS 1. Describe the information age and differences among data, information, business intelligence and knowledge. Information age: Infinite numbers of facts are widely available to anyone who can use a computer. Data: raw facts that describe the characteristics of an event or object. Information: data converted into a meaningful and useful context. Business intelligence: information collected from multiple source, such as suppliers, customers, competitors, partners and industries, that analyses patterns, trends and relationships for strategic decision making. Knowledge: include the skills, experience and expertise, coupled with information and intelligence that creates a person’s intellectual resources. 2. Identify the different departments in a company and why they must work together to achieve success. Common functional area in an organisation: Accounting: provides quantitative information about the finances of the business, include recording, measuring and describing financial information. Finance:Deals with the strategic financial issues associated with increasing the value of the business, while observing applicable laws and social responsibilities. Human resource: includes the policies, plans and procedures for the effective management of employees. Sales: is the function of selling a good or service and focuses on increasing customer sales, which increases company revenues. Marketing: is......

Words: 792 - Pages: 4


...Information Assurance and Security Nick Rosasco Karthikreddy Nalapatla 3884252 What is a Port Number A port number is a way to identify a specific process to which an internet or other network message is to be forwarded when it arrives at a server. For the transmission control protocol and the user Datagram protocol, a port number is a 16 bit integer that is put the header appended to a message unit. This port number is passed logically between the client and the server transport layers and physically between the transport layer and the Internet Protocol layer and it will forward it on to the other layers. For an example, a request from a client to a server on the internet may request a file to transfer from the host File Transport Protocol (FTP) server. In order to pass that request which is passed by us to the FTP in the remote server, the Transmission Control Protocol (TCP) identifies the port number which is of 16 bit length, then that port will forward the request to the FTP Server. FTP and the FTP Port Number The File Transfer Protocol (FTP) is a standard network protocol used to transfer computer files from one host to the other host over a TCP – based network, for an example Internet. FTP is a Client – server architecture and uses a separate control and the data connections between the client and the server. The model of the FTP is shown below. Fig 1: File Transport Protocol Model Executing......

Words: 1400 - Pages: 6


...It is a market where all important information is available to all people involved at the same time and where the price responds immediately to the available information. | The primary markets deal with the trading of newly issued securities. The corporations, governments and companies issue securities like stocks and bonds when they need to raise capital. The investors can purchase the stocks or bonds issued by the companies. The secondary market is that part of the capital market that deals with the securities that are already issued in the primary market. The investors who purchase the newly issued securities in the primary market sell them in the secondary market. The secondary market needs to be transparent and highly liquid in nature as it deals with the already issued securities. In the secondary market, the value of a particular stock also varies from that of the face value. The resale value of the securities in the secondary market is dependent on the fluctuating interest rates. | Higher risk is associated with greater probability of higher return and lower risk with a greater probability of smaller return. This trade off which an investor faces between risk and return while considering investment decisions is called the risk return trade off. | Conflicts of interest and moral hazard issues that arise when a principal hires an agent to perform specific duties that are in the best interest of the principal but may be costly, or not in the best interests of......

Words: 269 - Pages: 2

Information books applying its lessons to "office politics" and corporate strategy. Many Japanese companies make the book required reading for their key executives. The book is also popular among Western business management, who have turned to it for inspiration and advice on how to succeed in competitive business situations. It has also been applied to the field of education. The Art of War has been the subject of various law books and legal articles on the trial process, including negotiation tactics and trial strategy The book art of war by Sun Tzu is a very interesting subject matter for strategies. Although the book is written from a military perspective a lot of the information is universal for anyone involved in strategy. A lot of what is presented is common sense but it is still very good information. The book is written in an unusual way that is more like a form of scripture than mere advice. It is perhaps easy to see why the art of war is the basis of so many strategic management plans. In the book Tzu said "there is no instance of a country having benefited from prolonged warfare." Although this statement was clearly intended from a purely military stand point I think it is something everyone can relate to. In essence warfare is a state that is reached when an agreement cannot be reached any other way. Alternatively it maybe a hostile takeover of territory. Either way it is an extreme situation that is not intended to be used for a prolonged period. In the......

Words: 531 - Pages: 3


...Western Governors University Create a written proposal for a new information management system Project: Electronic Medical Record System Upgrade Prepared for: Western Governors University Hospital Prepared by: Emilie Reid, RN Western Governors University Hospital is in need of implementing an electronic medical record (eMAR) system. Currently they are using a paper documentation system. The two systems currently being considered are Meditech and Epic. This proposal will compare both systems to explore which will be selected and the most practical for Western Governors University Hospital to adopt. The current hospital record management system is paper based requiring several paper forms containing various information from different interdisciplinary teams incorporated from a patients history of hospital stays. Often, forms are not updated to reflect current patient information, lost between departments or vital information is not correctly incorporated. It is also common practice that multiple copies of the same information exist within the hospital setting posing a risk for inconsistencies of data sources. Within a hospital setting it is imperative that procurement, management and recovery of large volumes of information be easily accessible to anyone with direct medical contact with a patient. Such information would include; patient medical and personal information, health history, staff information, medications, allergies, labs and testing results as......

Words: 2004 - Pages: 9

Human Resources Information Syatem

...Human Resource Information system UNIT:1 Introduction: Data & Information needs for HR Manager; Sources of Data; Role of ITES in HRM; IT for HR Managers; Concept, Structure, & Mechanics of HRIS; Programming Dimensions & HR Manager with no technology background; Survey of software packages for Human Resource Information System including ERP Software such as SAP, Oracles Financials and Ramco‘s Marshal [only data input, output & screens]; Learning Objectives: After reading this chapter, you should be able to understand  The meaning and definition of HRIS  The importance of HRIS  Data and information needs for HR manager  Sources of data  Concept structure and mechanics of data  Survey of software packages for HRIS  Basic knowledge of ERP software such as SAP, Oracles Financials and Ramco‘s MArshal Introduction Many well-known examples of the use of information technology for competitive advantage involve systems that link an organization to suppliers, distribution channels, or customers. In general, these systems use information or processing capabilities in one organization to improve the performance of another or to improve relationships among organizations. Declining costs of capturing and using information have joined with increasing competitive pressures to spur numerous innovations in use of information to create value. The ideas do not constitute a procedure leading inexorably to......

Words: 75858 - Pages: 304

Managemnt Information Syatems

...MBAD504 MANAGEMENT INFORMATION SYSTEMS ASSIGNMENT Instructions: Read the attached Case Studies 1. Answer all questions at the end of the case.  Provide your own insights and perspectives on the case analysis (not more than 500 words for each question), with complete references.  Your answers should be typed not handwritten.  Number each answer. 2. On the cover page indicate the following items:  Registration Number and Name 3. Due Date : 22nd July 2016 Case Study 1 ROCHE’S NEW SCIENTIFIC METHOD For years, the Swiss pharmaceutical giant Roche Group worked hard to create an ultra-competitive culture that pitted scientific teams against one another in fighting for scarce resources. Roche had believed that this culture was instrumental in creating such blockbuster drugs as Valium and Librium. But, on the downside, this approach made it almost impossible for scientists to abandon faltering projects that they felt were pivotal for their careers. Rather, it led them to hoard their technical expertise and findings. In 1998, the company turned to a more collaborative style of teamwork—especially for its teams working in the new field of genomics. Roche began running ads in Science magazine for a young new breed of researchers who could reinvent themselves as their job opportunities rapidly changed. It was the new breakthroughs in genomics and molecular biology that pushed Roche to change the way it hunted for drugs. Roche knew it had to......

Words: 2330 - Pages: 10


...seemingly eternal longevity, the Chanel brand is unequaled.  In good times and bad, this brand remains strong as a symbol of a life lived in all the right places, doing all the right things. [pic] 5th Dimension – RUGGEDNESS Interestingly, consumers pick up on this personality dimension quite well.  Rugged brands are seen as outdoorsy and tough.  The North Face has built an empire by outfitting people who actually do scary outdoorsy things, and those who just like to look good on the streets of NYC. [pic] The sources from where I, collected the information for the assignment- • From course materials, provided by our teacher • Strategic Brand Management by Kevin Lane Keller • Principles of Marketing by Philip Kotler The online source from where I collected information- • • ( as search engine), • ( as search engine) [pic]...

Words: 852 - Pages: 4

Computers Andthe Criminal Justcie Syatem

...Police Records Index - manages criminal history information at a local and regional level. Queries can be initiated on-site, from remote terminals, and from in-vehicle mobile data terminals. Data includes criminal histories, incident report references, name indexes, fingerprint classifications, personal identification numbers, subject demographic information and violence potential. CAPRI is the forerunner of PACE, described below. PACE - Police Automated Computer Entry - evolved from the recognition that a growing burden of paperwork was threatening the efficiency and effectiveness of the Phoenix Police Department. PACE will automate the access and update of offense reports, supplements, arrest records, juvenile referrals, and field interrogation cards. PACE is anticipated to reduce patrol officers' report-writing time by 50%, and eliminate data redundancy existing in the current disjunction systems. AFIS - Automated Fingerprint Identification System - provides automated searches of 10-print cards and latent fingerprints and generates a ranked candidate list. Unsolved latent’s can be entered and automatically searched against new 10-print cards. WIN - Western Identification Network - is a regional network designed to access AFIS systems in eleven western states (Alaska, Arizona, California, Colorado, Idaho, Montana, Nevada, Oregon, Utah, and Washington, Wyoming). NCIC - National Crime Information Center - a national information system which uses a telecommunications network......

Words: 534 - Pages: 3