The totality of computer systems in firm is called

Assignment Help Financial Accounting
Reference no: EM131216757

1. The totality of computer systems in a firm is called its:

a) Applications portfolio

b) Systems burden

c) BPR collection

d) IT department

2. Which of these should come first when performing a systems study?

a) Systems analysis

b) Systems design

c) Preliminary investigation

d) Systems audit

3. Which of these acronyms is not normally associated with the systems studies?

a) SDLC

b) RFP

c) PERT

d) SOX

4. Which of these individuals is least likely to participate in a system’s study?

a) Internal auditor

b) External auditor

c) Top manager

d) Member of the IT department

5. An intensive investigation of a company's present information system in order to discover systems weaknesses is termed a:

a) Systems study

b) Systems follow up

c) Systems design

d) Systems survey

6. Which of these is not a phase in the life cycle of an information system?

a) Planning

b) Analysis

c) Control

d) Implementation

7. The four phases of the systems development life cycle end with this phase:

a) Analysis

b) Design

c) Implementation, follow-up, and maintenance

d) Development

8. Which of these is most likely to be the first task in a systems study?

a) Systems analysis

b) Systems design

c) Preliminary investigation

d) any of these are possible—it depends upon the system under study

9. According to the chapter, which of these comes closest in meaning to the term “systems approach?”

a) Narrow point of view

b) Broad point of view

c) Focus on achieving those goals important to computerized systems

d) Focus first and foremost on computerization

10. Which of the following is least likely to be a member of a study team?

a) CEO of a company

b) Internal auditor or accountant

c) IT specialist

d) Middle-level manager who uses the system

11. Which of these statements is true?

a) Accountants need not bother with systems studies—they are mostly performed by IT specialists

b) System studies enable bright accountants to express ideas for improving a system

c) Systems studies rarely involve accounting information systems

d) all of these are true

Reference no: EM131216757

Questions Cloud

Product sales value at split-off separable processing : Duiker Corporation has a joint process that produces three product: A, S and B. Each product may be sold at split-off or processed further and then sold. Joint-processing costs for the year amount to $30,000. Other data follows: PRODUCT SALES VALUE A..
Explain whether net income increased-decreased : Horizontal analysis (trend analysis) percentages for Phoenix Company's sales revenue, cost of goods sold, and expenses are listed here. Explain whether Phoenix's net income increased, decreased, or remained unchanged over the 3-year period.( show sol..
How much are the annual net cash flows : You see an ad in the paper for a used bus. You figure you could use the bus to ferry students to and from Cleveland each weekend for the next five years. Your analysis indicated that there would be sufficient demand from the students 30 weekends per ..
Effective for staples to appeal to medium-sized businesses : It is crazy to see that Staples is on the decline because it has been one of those companies that has always been around but it makes sense that Amazon and Walmart are the main competitors because they continue to innovate their model. What has stapl..
The totality of computer systems in firm is called : Which of the following is least likely to be a member of a study team? Which of these is most likely to be the first task in a systems study? An intensive investigation of a company's present information system in order to discover systems weaknesses..
Ordinary income explanations of the respective outcomes : Case study 2: ordinary income Explanations of the respective outcomes reached by the courts in the following cases which all involving sales of land I. Californian Copper Syndicate Ltd v Harris (Surveyor of Taxes) (1904) 5 TC 159 II. Scottish Austral..
Overall net operating income : Fabio Corporation is considering eliminating a department that has a contribution margin of $31,000 and $62,000 in fixed costs. Of the fixed costs, $15,500 cannot be avoided. The effect of eliminating this department on Fabio's overall net operating ..
Which project has the better payback period : Which project has the better payback period? Project A requires a $25,000 investment and provides $5,000 per year for 6 years; Project B requires an $8,000 project and provides $4,000 per year for 2 years. (Show your calculations.) Explain the streng..
Prepare statement of partnership liquidation for the period : Statement of partnership liquidation After closing the accounts on July 1, prior to liquidating the partnership, the capital account balances of Gold, Porter, and Sims are $55,000, $45,000, and $20,000, respectively. Cash, noncash assets, and liabili..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd