ACCT451 Week 1 Discussion 1 & 2 Latest 2017 August
dq 1
WEEK 1: PROCESSING DATA AND USING INFORMATION
1818 unread replies.6666 replies.
Describe the type of data your current or former employer processes and correlate for us how those data are transformed into information. Is it mostly manual process or an automated process? In terms of system integration (or lack thereof), discuss how any comprehensive reports prepared for decision makers are compiled by your company, past or present.
dq 2
WEEK 1: WORKFLOW DOCUMENTATION AIDS IN SYSTEMS DESIGN
2929 unread replies.6363 replies.
There are four main methods for documenting specific business processes, systems, and so on. If your company asked you to document the workflow in your department, where would you start and why? How would that change if the company asked you to document the AIS itself rather than the workflow?
ACCT451 Week 2 Discussion 1 & 2 Latest 2017 August
dq 1
WEEK 2: FRAUD: INSIDE VERSUS OUTSIDE JOBS
77 unread replies.6565 replies.
With respect to fraud against companies, which do you think is more prevalent: inside or outside jobs? Explain your position. Describe what you think is the number one target of an inside job versus that of an outside job.
dq 2
WEEK 2: TYPES OF CONTROLS TO HELP MITIGATE FRAUD
66 unread replies.6565 replies.
Segregation of duties (SoD) and other classic internal controls such as management oversight have been adapted to consider technology. Compare and contrast the classic controls with their adaptations for technology. Have one or more of the classic controls become obsolete when applied in technology? On the flip side of that, describe any new controls that have become necessary because of technology.
ACCT451 Week 3 Discussion 1,2 & 3 Latest 2017 August
dq 1
WEEK 3: COLLECT AND PROTECT PERSONAL INFORMATION
2020 unread replies.7373 replies.
Discuss some types of personal information that companies collect from their customers and discuss what they are used for. How is information collected, and do the customers know about it? Do they have a choice in the matter? Explain how.
dq 2
WEEK 3: MINIMUM SECURITY STANDARDS
1515 unread replies.6969 replies.
Should the government mandate minimum standards for controlling and securing information? What would be some advantages and disadvantages?
dq 3
WEEK 3: COLLABORATION DISCUSSION
99 unread replies.3434 replies.
Post your team's company overview presentation. Review the feedback and comments provided by your classmates and professor to your team's presentation Review at least one other team's presentation and provide feedback and comments.
ACCT451 Week 4 Discussion 1,2 & 3 Latest 2017 August
dq 1
WEEK 4: THREATS IN THE REVENUE CYCLE
77 unread replies.6464 replies.
Controlling inventory has evolved with the widespread use of technology. Describe one advance in technology that helps reduce theft or errors. What does your company use? Does this replace a physical inventory? Why or why not?
dq 2
WEEK 4: THREATS IN THE EXPENDITURE CYCLE
66 unread replies.6565 replies.
Compare internal control issues between the invoice approval and payment process in a manual office with that of an automated office where all departments are connected to the same AIS. Is an ink pen signature more desirable than a digital approval? Why or why not?
dq 3
WEEK 4: COLLABORATION DISCUSSION
55 unread replies.3535 replies.
Post your team's client requirements presentation. Review the feedback and comments provided by your classmates and professor to your team's presentation Review at least one other team's presentation and provide feedback and comments.
ACCT451 Week 5 Discussion 1,2 & 3 Latest 2017 August
dq 1
WEEK 5: THREATS IN THE PRODUCTION CYCLE
1010 unread replies.6464 replies.
Last week, we discussed inventory control within the revenue cycle. What are threats to inventory within the production cycle (both threats to physical inventory and the data related to inventory)? What specific controls do AIS offer to help prevent or at least detect these threats?
dq 2
WEEK 5: THREATS IN THE HR FUNCTION/PAYROLL CYCLE
1313 unread replies.6464 replies.
What is a payroll master file? Describe the types of errors that may occur in the master file and how they get there. How would you design payroll procedures to help prevent them?
dq 3
WEEK 5: COLLABORATION DISCUSSION
33 unread replies.4343 replies.
Post your team's Internal Controls presentation. Review the feedback and comments provided by your classmates and professor to your team's presentation Review at least one other team's presentation and provide feedback and comments.
ACCT451 Week 6 Discussion 1,2 & 3 Latest 2017 August
dq 1
WEEK 6: AUDITING AND THE REA MODEL
1515 unread replies.2929 replies.
Discuss how REA diagrams might be useful to auditors in understanding a client's business processes. What if the client hasn't prepared them in advance? What basic steps would the auditor perform to compile the information necessary to build the diagram himself or herself? Does that time investment produce large enough benefits to the auditor? Explain your answer.
dq 2
WEEK 6: UNIQUE REA DIAGRAMS
1414 unread replies.2828 replies.
Discuss why there cannot be one basic REA diagram that would work for all businesses. What might be some areas that could be similar from business to business? Select either the company for which you work or one that interests you. Describe the business processes that are unique to that company or industry that would require special handling in an REA diagram.
dq 3
WEEK 6: COLLABORATIVE DISCUSSION
44 unread replies.55 replies.
Post your team's AIS packages presentation. Review the feedback and comments provided by your classmates and professor to your team's presentation Review at least one other team's presentation and provide feedback and comments.
ACCT451 Week 7 Discussion 1 & 2 Latest 2017 August
dq 1
WEEK 7: ROLE OF ACCOUNTANT IN AIS
2929 unread replies.6363 replies.
Discuss what you believe to be the appropriate level of involvement of an accountant in evaluating and selecting an AIS vendor and the AIS itself. What are some of the contributions an accountant might offer in this process?
dq 2
WEEK 7: CONVERSION APPROACHES
4242 unread replies.6060 replies.
Using the company for which you work or one in which you are interested, choose the conversion approach you would use if the company purchased a new AIS. Explain your choice, including the benefits. Discuss how you envision the testing process.
ACCT451 Week 3 Lab Part 1 Latest 2017 August
Lab Overview
Summary
In this Lab, you will begin using Microsoft Dynamics Accounting Software. All of your work will be done using the following.
- Microsoft Dynamics Case Study: Brenda's Bagels (available in Files)
- This week, we will focus on lab #1: Microsoft Dynamics
- Microsoft Dynamics software available from the Lab page in Introduction & Resources
Deliverables
Create a file named MD_Lab_1_LastName_FirstInitial.docx. It should contain screen prints of your work as indicated in the lab steps.
Required Software
Microsoft Dynamics - Citrix
Access the software at https://lab.devry.edu (Links to an external site.)Links to an external site..
All Steps
Lab Steps
STEP 1: Preparation
- Open a Word document and save it as MD_Lab_1_LastName_FirstInitial.docx. This is where you will paste your screenshots of your progress through this lab.
- At the top of the Word document, add the following.
- Your Name
- Your Instructor's name
- Course Number
- Date
- Microsoft Dynamics Lab 1
- When indicated in the lab steps, take a screenshot(s) of your computer screen and paste it to this file. At the end of the lab, you will upload this Word document containing the screenshots.
- Review Lab 1: Brenda’s Bagels: Microsoft Dynamics (in FIles)
- Start Microsoft Dynamics.
- For information on how to use the Citrix environment, consult the Lab section in Introduction & Resources.
STEP 2: Microsoft Dynamics
- Complete lab 1.1: Brenda's Bagels: Microsoft Dynamics
- Follow the directions contained in the lab including the required screenshot(s).
STEP 3: User Preferences
- Complete lab 1.2: Brenda's Bagels: User Preferences
- Follow the directions contained in the lab including the required screenshot(s).
STEP 4: Set Up the General Ledger
- Complete lab 1.3: Brenda's Bagels: The General Ledger
- Follow the directions contained in the lab including the required screenshot(s).
STEP 5: Submit the Deliverables
- Close Microsoft Dynamics and your work will be automatically saved by Microsoft Dynamics.
- Deliverable
- Save your Word document containing the required screenshot(s).
- Submit the Word document.
ACCT451 Week 4 Lab Part II Latest 2017 August
Lab Overview
Summary
In this Lab, you will continue using Microsoft Dynamics Accounting Software. All of your work will be done using the following.
- Microsoft Dynamics Case Study: Brenda's Bagels (in Files)
- This week, we will focus on Lab 2: Receivables and Payables.
- Microsoft Dynamics software available from the Lab section in Introduction & Resources.
Deliverables
Create a file named MD_Lab_2_LastName_FirstInitial.docx – contains screen prints of your work as indicated in the lab steps.
Required Software
Microsoft Dynamics - Citrix
Access the software at https://lab.devry.edu (Links to an external site.)Links to an external site..
All Steps
Lab Steps
STEP 1: Preparation
- Open a Word document and save it as MD_Lab_2_LastName_FirstInitial.docx. This is where you will paste your screenshots of your progress through this Lab.
- At the top of the Word document add the following.
- Your name
- Your instructor's name
- Course number
- Date
- Microsoft Dynamics Lab 2
- When indicated in the lab steps, take a screenshot of your computer screen and paste it to this file. At the end of the lab, you will upload this Word document containing the screenshots.
- Review Lab 2: Brenda's Bagels: Accounts Receivable and Accounts Payable (in Files).
- Start Microsoft Dynamics
STEP 2: Accounts Receivable
- Complete Lab 2.1: Brenda's Bagels: Accounts Receivable.
- Follow the directions contained in the lab including the required screenshot(s).
STEP 3: Setting Up Accounts Payable
- Complete Lab 2.2: Brenda's Bagels: Accounts Payable.
- Follow the directions contained in the lab including the required screenshot(s).
STEP 4: Submitting the Deliverables
- Close Microsoft Dynamics and your work will be automatically saved by Microsoft Dynamics.
- Deliverable:
- Save your Word document containing your required screenshot(s).
- Submit the Word document.
ACCT451 Week 5 Lab Part III Latest 2017 August
Lab Overview
Summary
In this Lab, you will begin using Microsoft Dynamics Accounting Software. All of your work will be done using the following.
- Microsoft Dynamics Case Study: Brenda's Bagels (in Files)
- This week, we will focus on Lab 3: Inventory and Payroll.
- Microsoft Dynamics software available from the Lab section in Introduction & Resources.
Deliverables
Create a file named MD_Lab_3_LastName_FirstInitial.docx – contains screen prints of your work as indicated in the lab steps.
Required Software
Microsoft Dynamics - Citrix
Access the software at https://lab.devry.edu (Links to an external site.)Links to an external site..
All Steps
Lab Steps
STEP 1: Preparation
- Open a Word document and save it as MD_Lab_3_LastName_FirstInitial.docx. This is where you will paste your screenshots of your progress through this lab.
- At the top of the Word document, add the following.
- Your Name
- Your Instructor's name
- Course Number
- Date
- Microsoft Dynamics Lab 3
- When indicated in the lab steps, take a screenshot of your computer screen and paste it to this file. At the end of the lab, you will upload this Word document containing the screenshots to this week's lab.
- Review Lab 3: Brenda’s Bagels: Inventory and Payroll (in Files)
- Start Microsoft Dynamics
STEP 2: Setting Up Inventory
- Complete lab 3.1: Brenda's Bagels: Inventory.
- Follow the directions contained in the lab including the required screenshot(s).
STEP 2: Setting up Payroll
- Complete lab 3.2: Brenda's Bagels: Payroll.
- Follow the directions contained in the lab including the required screenshot(s).
STEP 3: Submitting the Deliverables
- Close Microsoft Dynamics and your work will be automatically saved by Microsoft Dynamics.
- Deliverable:
- Save your Word document containing the requiredscreenshot(s).
- Submit the Word document.
ACCT451 Week 6: Lab - Microsoft Dynamics Part IV Latest 2017 August
Summary
In this Lab, you continue using Microsoft Dynamics Accounting Software. All of your work will be done using the following.
- Microsoft Dynamics Case Study: Brenda's Bagels (in Files)
- This week, we will focus on Lab 4: Transactions.
- Microsoft Dynamics software available from the Lab section in Introduction & Resources
Deliverables
Create a file named MD_Lab_4_LastName_FirstInitial.docx – contains screenshots of your work as indicated in the lab steps.
Required Software
Microsoft Dynamics - Citrix
Access the software at https://lab.devry.edu (Links to an external site.)Links to an external site..
All Steps
Lab Steps
STEP 1: Preparation
- Open a Word document and save it as MD_Lab_4_LastName_FirstInitial.docx. This is where you will paste your screenshots of your progress through this Lab.
- At the top of the Word document, add the following.
- Your Name
- Your Instructor's name
- Course Number
- Date
- Microsoft Dynamics Lab 4
- When indicated in the lab steps, take a screenshot of your computer screen and paste it to this file. At the end of the lab, you will upload this Word document containing the screenshots.
- Review Lab 4: Transaction Processing (in Files)
- Start Microsoft Dynamics
STEP 2: Transaction Processing
- Complete lab 4.1: Transactions
- Follow the directions contained in the lab including the required screenshot(s).
STEP 3: Vendor Invoices
- Complete lab 4.2: Vendor Invoices
- Follow the directions contained in the lab including the required screenshot(s).
STEP 4: Customer Invoices
- Complete lab 4.3: Customer Invoices
- Follow the directions contained in the lab including the required screenshot(s).
STEP 5: Payroll
- Complete lab 4.4: Payroll
- Follow the directions contained in the lab including the required screenshot(s).
STEP 6: Submitting the Deliverables
- Close Microsoft Dynamics and your work will be automatically saved by Microsoft Dynamics.
- Deliverable:
- Save your Word document containing the required screenshots(s).
- Submit the Word document.
ACCT451 Week 7 Lab—Microsoft Dynamics Part V Latest 2017 August
Summary
In this lab, you will begin using Microsoft Dynamics accounting software. All of your work will be done using the following.
- Microsoft Dynamics Case Study: Brenda's Bagels (in FIles)
- This week, we will focus on Lab 5: Adjusting Entries and Trial Balance.
- Microsoft Dynamics software is available from the Lab page in Introduction & Resources.
Deliverables
Create a file named MD_Lab_5_LastName_FirstInitial.docx. It should contain screen prints of your work as indicated in the lab steps.
Required Software
Microsoft Dynamics—Citrix
Access the software at https://lab.devry.edu (Links to an external site.)Links to an external site..
All steps
Lab Steps
Step 1: Preparation
- Open a Word document and save it as MD_Lab_5_LastName_FirstInitial.docx. This is where you will paste your screen shots of your progress through this lab.
- At the top of the Word document, add the following.
- Your name
- Your instructor's name
- Course number
- Date
- Microsoft Dynamics Lab 5
- When indicated in the lab steps, take a screen shot of your computer screen and paste it to this file. At the end of the lab, you will upload this Word document containing the screenshots.
- Review Lab 5: Adjusting Entries and Trial Balance (in Files).
- Start Microsoft Dynamics.
Step 2: Adjusting Entries
- Complete Lab 5.1: Brenda's Bagels: Adjusting Entries
- Follow the directions contained in the lab, including the required screen shot(s).
Step 3: Trial Balance
- Complete Lab 5.2: Brenda's Bagels: Trial Balance
- Follow the directions contained in the lab, including the required screen shot(s).
Step 4: Submitting the Deliverables
- Close Microsoft Dynamics, and your work will be automatically saved by Microsoft Dynamics.
- Deliverable
- Save your Word document containing your screen shots.
- Submit the Word document.
ACCT451 Week 1 Homework Latest 2017 August
There are two problems due this week (each worth 10 points) as follows.
- Problem 2.5 (page 41) – Matching
- Problem 3.12 (page 70) – Matching
ACCT451 Week 2 Homework Latest 2017 August
There are two problems due this week (each worth 10 points) as follows.
- Case 5.2 (page 145) – Heirloom Photo Plans: In two- to three-pages, answer the four questions at the end of the case.
- Problem 7.1 (page 216) – Go-Go Corporation: In one- to two-pages, identify and explain the internal environment problems.
ACCT451 Week 3 Homework Latest 2017 August
There is one assignment due this week (worth 20 points) as follows.
1. Case 7.1 (page 224) – The Greater Providence Deposit & Trust Embezzlement: In two- to three-pages, answer the eight questions at the end of the case.
ACCT451 Week 4 Homework Latest 2017 August
1. Case 13.1 (page 411) – Research Project: Impact of Information Technology on Expenditure Cycle Activities, Threats, and Controls: In two to three pages, answer questions a and b at the end of the case.
There is one assignment due this week (20 points each) as follows.
1. Case 18.1 (page 551) – In two- to three-pages, answer questions1 through5 at the end of the case.
Submit yourCase 18.1 assignment.
ACCT451 Week 5 Homework Latest 2017 August
There is one assignment due this week (20 points) as follows.
1. Problem 14.2 (page 437) – Answer questions a to l.
ACCT451 Week 6 Homework Latest 2017 August
There is one assignment due this week (20 points each) as follows.
1. Case 18.1 (page 551) – In two- to three-pages, answer questions1 through5 at the end of the case.
Submit yourCase 18.1 assignment.
ACCT451 Week 7 Homework Latest 2017 August
There is one assignment due this week (20 points) as follows.
1. Case 20.1 (page 617)—Audio Visual Corporation: In one to two pages, answer questions 1 and 2 at the end of the case.
Submit yourCase 20.1 assignment here.
ACCT451 Final Exam Latest 2017 August
Question 1 7 pts
(TCO 1) Data are
facts entered, stored, and processed by an information system.
processed output that is useful to decision makers.
another word for information.
quantitative facts that are not qualitative by nature.
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Question 2 7 pts
(TCO 2) This control framework's intent includes helping the organization to provide reasonable assurance that objectives are achieved and problems are minimized, and to avoid adverse publicity and damage to the organization's reputation.
ISACA's control objectives for information and related technology
COSO's internal control framework
COSO's enterprise risk management framework
None of the above
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Question 3 7 pts
(TCO 3) Which of the following is true regarding public key infrastructure (PKI)?
PKI is intended for e-business use and is typically available through commercial certificate authorities.
PKI includes a tree of trust that's checked each time a certificate is presented as proof of one's identity.
PKI assumes asymmetric encryption to create legally-binding electronic documents.
PKI refers to the system and processes used to issue and manage asymmetric keys and digital certificates.
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Question 4 7 pts
(TCO 3) Restricting access of users to specific portions of the system as well as specific tasks, is
authentication.
authorization.
identification.
threat monitoring.
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Question 5 7 pts
(TCO 4) What is the normal procedure for new customers or customers making a purchase that causes their credit limit to be exceeded?
Routine approval is granted without authorization
Specific approval must be granted by the credit manager
Reject the sale in either case without question
Check the credit bureau for a credit rating on the customer
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Question 6 7 pts
(TCO 5) Folding squid technologies has installed a new production monitoring system that is expected to reduce system breakdowns by 28%. This system will increase throughput by
increasing productive capacity.
increasing productive processing time.
increasing yield.
increasing all components of throughput.
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Question 7 7 pts
(TCO 6) Bobby Burns, CEO of Maudlin Motors, walked into the office of Tom Sanchez, chief information officer. “Tom,” he said. “We need some way of getting a better handle on our overall performance. The financial reports are all well and good, but we need to track customer satisfaction and other aspects of the business.” Tom should recommend that Maudlin Motors
implement a data warehouse system.
set up a data mining operation.
use online analytical processing (OLAP.)
implement balanced scorecard reporting.
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Question 8 7 pts
(TCO 7) The potential inconsistency problem could arise when there are multiple occurrences of a data item in a database. This is called the
update anomaly.
insert anomaly.
inconsistency anomaly.
integrity anomaly.
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Question 9 7 pts
(TCO 8) Which of the following transaction processing modes provides the most accurate and complete information for decision making?
Batch
Distributed
Online, real-time
Application
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Question 10 7 pts
(TCO 8) In which phase of the systems development life cycle are the new hardware and software for a system tested?
Conceptual design
Implementation and conversion
Operations and maintenance
Physical design
Question 11 20 pts
(TCO 1) Michael Porter developed five primary activities that directly provide value to customers. Think about how a company such as Walmart, or any retail-based company, provides value using these activities.
Required:
a: Describe briefly each of the five activities.
b: Develop a specific example for each activity related to how that retail-based company can use its AIS to provide value.
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Question 12 20 pts
(TCO 2) Think of a local bookstore, such as Borders, and describe in detail the risks associated with this bookstore’s sale of merchandise (not limited to books) to customers, and propose at least four internal controls that would mitigate those risks. Now take a look at Amazon.com (or some other online bookstore.) Evaluate the differences that exist in an online selling environment, and explain how those risks are mitigated.
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Question 13 20 pts
(TCO 3) How and to whom does an auditor communicate the audit results?
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Question 14 20 pts
(TCO 4) Explain how can information technology be used to improve the vendor invoice approval process.
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Question 15 20 pts
(TCO 5) A small family-owned business is rapidly expanding. Payroll is currently processed by the owner's wife but she can no longer keep up. You've been hired to evaluate whether or not the company should outsource the payroll function. What questions must be answered for you to make a recommendation? What are the advantages and disadvantages of outsourcing payroll?
What factors should be considered in outsourcing payroll to a payroll service bureau? Discuss the advantages and disadvantages of using a payroll service bureau to process a payroll.
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Question 16 20 pts
(TCO 6) Explain the preparation of financial statements as the third step in the general ledger and reporting system.
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Question 17 20 pts
(TCO 7) Describe the main constraints when a relational database model is being logically designed.
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Question 18 20 pts
(TCO 8) Discuss the relative advantages and disadvantages of the four different methods for gathering data during a systems survey.
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