Accounting Information Systems 13th Edition

CHAPTER 1 ACCOUNTING INFORMATION SYSTEMS: AN OVERVIEW SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 1.1 The value of information is the difference between the benefits realized from using that information and the costs of producing it. Would you, or any organization, ever produce information if its expected costs exceeded

a. How does the image-processing system at USAA add value to the organization? The system adds value by streamlining business processes and making them more effective and efficient. Before the image-processing system was installed, policy service representatives had to work with paper documents. Customer files were often missing or

CHAPTER 10 PROCESSING INTEGRITY AND AVAILABILITY CONTROLS SPECIAL INTRODUCTION TO EXCEL This chapter includes a number of problems that use Excels built-in Data Validation tool to help students better understand processing integrity controls by programming them in a spreadsheet. Some students will already be familiar with

10.5 What are some business processes for which an organization might use batch processing? Batch processing may be used when master files do not need to be updated in real-time. For example, many organizations process accounts payable in batches once a day or once a week because they

Field 2 - Date of flight start: Check that day, month, and year correspond to the current date. In the data validation tool, you would select the cells you want to test and enter the date value you want to compare to, as follows:

Column H: =VALUE(LEFT(RIGHT(B2,2))). The combination of LEFT and RIGHT functions is used to return the sixth digit in the binary number 1100001. The RIGHT function can take two arguments: the cell containing the numeric value to be manipulated (in this case B2) and the number of digits,

If the preceding data validation rule was applied to cell C7, the spreadsheet would look like this: And clicking the drop-down arrow would display the following: 10. 10 For each of the following scenarios, determine whether the companys current

CHAPTER 11 AUDITING COMPUTER-BASED INFORMATION SYSTEMS SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 11.1 Auditing an AIS effectively requires that an auditor have some knowledge of computers and their accounting applications. However, it may not be feasible for every auditor to be a computer expert. Discuss the extent to which

11.8 As an internal auditor for the state auditors office, you are assigned to review the implementation of a new computer system in the state welfare agency. The agency is installing an online computer system to maintain the states database of welfare recipients. Under the old system, applicants for welfare

CHAPTER 12 THE REVENUE CYCLE: SALES TO CASH COLLECTIONS SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 12.1 Customer relationship management systems hold great promise, but their usefulness is determined by the amount of personal data customers are willing to divulge. How can companies encourage customers to share useful personal information?

12.4 EXCEL PROJECT. (Hint: For help on steps b and c, see the article Dial a Forecast, by James A. Weisel, in the December 2006 issue of the Journal of Accountancy. The Journal of Accountancy is available in print or online at the AICPAs Web site: www.aicpa.org Required: a. Create

Step 4: Now right-click on the scroll bar tool in cell F4, select properties, and enter the following values: LinkedCell = E4 Max = 6000 Min = 4000 SmallChange = 100 LinkedCell = E4 Max = 6000 Min = 4000 SmallChange = 100 LinkedCell =

6. Weakness: Trial balances of the accounts receivable subsidiary ledger are not prepared independently of, or verified and reconciled to, the accounts receivable control account in the general ledger. Threat: Any of fees earned, cash receipts, and uncollectible accounts expense could be either understated or overstated because of undetected

b. Create a scattergraph to illustrate the relationship between targeted emails and unit sales. Display the regression equation and the R2 between the two variables on the chart. c. Create a scattergraph to illustrate the relationship between click ads and unit sales. Display the regression

CHAPTER 13 THE EXPENDITURE CYCLE: PURCHASING AND CASH DISBURSEMENTS SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 13.1 In this chapter and in Chapter 12 the controller of AOE played a major role in evaluating and recommending ways to use IT to improve efficiency and effectiveness. Should the companys chief

Accounting Information Systems Ch 13: The Expenditure Cycle 13-1 2015 Pearson Education, Inc. 13.3 EXCEL PROJECT. Using Benfords Law to Detect Potential Disbursements Fraud. a. Read the article Using Spreadsheets and Benfords Law to Test Accounting Data, by Mark G. Simkin in the ISACA Journal, Vol. 1, 2010, available at

13.11 The ABC Company performs its expenditure cycle activities using its integrated ERP system as follows: Employees in any department can enter purchase requests for items they note as being either out of stock or in small quantity. The company maintains a perpetual inventory system. Each day,

13.12 Figure 13-11 depicts the basic activities performed in Lexsteels expenditure cycle. The following additional information supplements that figure: Because of cash flow problems, Lexsteel always pays suppliers on the last possible day before incurring a penalty for late payment. Supplier invoices are processed and paid weekly. Every

CHAPTER 14 THE PRODUCTION CYCLE SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 14.1. When activity-based cost reports indicate that excess capacity exists, management should either find alternative revenue-enhancing uses for that capacity or eliminate it through downsizing. What factors influence managements decision? What are the likely behavioral side effects of

Option B: Investment = $50,000 + $3.2 x 1,000,000 units = $3,250,000 Savings = $3,240,000: Reduced scrap costs = 90% x 15% x $12 x 1,000,000 units = $1,620,000 Reduced warranty/repair costs = 90% x 3% x $60 x 1,000,000 units = $1,620,000 Investment = $50,000 + $3.2

Clicking Solve and then Keep the Solver Solution yields the following spreadsheet, as shown in the article: Finally, adjusting the total amount of labor hours and dollars and re-running the Solver yields the final spreadsheet depicted in the article: c. Rerun

CHAPTER 15 THE HUMAN RESOURCES MANAGEMENT/PAYROLL CYCLE SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 15.1 This chapter noted many of the benefits that can arise by integrating the HRM and payroll databases. Nevertheless, many companies maintain separate payroll and HRM inf9+6ormation systems. Why do you think this is so? (Hint: Think about the differences in

Employee Activity Factory Workers Supervisor Payroll Clerk Chief Accountant Accounts Payable Arlington Industries manufactures and sells engine parts for large industrial equipment. The company employs over 1,000 workers for three shifts, and most employees work overtime when necessary. Figure 15-10 depicts the procedures followed to process payroll. Additional information about payroll procedures follows: The HRM department determines

15.7 Excel Problem Objective: Learn how to use the VLOOKUP function for payroll calculations. a. Read the article Make Excel a Little Smarter by Lois S. Mahoney and Charles Kelliher in the Journal of Accountancy (July 2003). You can find a copy at www.aicpa.org. b. Read the section titled Data in Different Places

CHAPTER 16 GENERAL LEDGER AND REPORTING SYSTEM SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 16.1 Although XBRL facilitates the electronic exchange of financial information, some external users do not think it goes far enough. They would like access to the entire general ledger, not just to XBRL-tagged financial reports that summarize general ledger accounts. Should

16.9 Excel Problem Objective: Create pivot tables for what-if analysis Read the article Make Excel an Instant Know-It-All by Roberta Ann Jones in the March 2004 issue of the Journal of Accountancy. (Available at www.aicpa.org) a. Follow the instructions in the article to create a spreadsheet with pivot tables. First, create

Step 3: You can collapse and display the groups by clicking on the button to the left of each group name. The preceding screen shot showed all members of each group (note the minus signs to the left of the labels Group1 and Group2). Clicking those to change to a

CHAPTER 17 DATABASE DESIGN USING THE REA DATA MODEL SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 17.1 Why is it not necessary to model activities such as entering information about customers or suppliers, mailing invoices to customers, and recording invoices received from suppliers as events in an REA diagram? The REA data model is used to

f. In this scenario, each sale must be preceded by one and only one order. The fact that both the order and sales events are recorded implies that there is probably a time lag between taking the customers order and filling that order, so that the selling organization needs to be

CHAPTER 18 IMPLEMENTING AN REA MODEL IN A RELATIONAL DATABASE SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 18.1 How would the process of generating a cash disbursements journal from the REA data model presented in Figure 18-4 and Table 18-1 differ from the process for creating a sales journal? The steps required to create a cash

18.8 Explain how to calculate the total amount of accounts payable: Total Accounts Payable can be calculated in five steps, as follows: Step 1: Normally, only orders actually received are considered purchases for purposes of calculating accounts payable. Therefore, begin with a query of the Receive Inventory table (or M:N relationship table

CHAPTER 19 SPECIAL TOPICS IN REA MODELING SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 19.1 Often it takes several sales calls to obtain the first order from a new customer. Why then does Figure 19-1 depict the relationship between the Call on Customer and Take Customer Order events as being 1:1? When a sales person visits

Explanation of cardinalities: 1. One key to the problem is understanding that the Loan Book event represents the checking out of a single book. As stated in the problem, if a borrower checks out 5 books, the system adds five rows to the Loan Book table. This does not affect the borrowers

b. Implement your model in a set of relational tables. Be sure to specify primary keys, foreign keys, and identify at least one other attribute that should be included in each table. Table Name Primary Key(s) Other Attributes (foreign keys in italics, others in normal font) Ticket Sales Invoice Number Student Number,

CHAPTER 2 OVERVIEW OF TRANSACTION PROCESSING AND ENTERPRISE RESOURCE PLANNING SYSTEMS SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 2.1 Table 2-1 lists some of the documents used in the revenue, expenditure, and human resources cycle. What kinds of input or output documents or forms would you find in the

2-1 2015 Pearson Education, Inc. 2-1 2015 Pearson Education, Inc. 2-1 2015 Pearson Education, Inc. 2.3 An audit trail enables a person to trace a source document to its ultimate effect on the financial statements or work back from amounts in the financial statements to source documents. Describe in detail

CHAPTER 20 INTRODUCTION TO SYSTEMS DEVELOPMENT SYSTEMS ANALYSIS SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 20.1 The approach0 to long-range AIS planning described in this chapter is important for large organizations with extensive investments in computer facilities. Should small organizations with far fewer information systems employees attempt to implement planning programs? Why or why

20.3 Wright Companys information system was developed in stages over the past five years. During the design process, department heads specified the information and reports they needed. By the time development began, new department heads were in place, and they requested additional reports. Reports were discontinued only when requested by

20.8 Recent years have brought an explosive growth in electronic communication. Laptops, netbooks, e-readers, personal digital assistants, sophisticated cell phones, fax machines, e-mail, teleconferencing, office productivity software, and sophisticated management information systems have changed the way information is received, processed, and transmitted. With the decreasing costs of computer equipment and

CHAPTER 21 AIS DEVELOPMENT STRATEGIES SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 21.1 What is the accountants role in the computer acquisition process? Should the accountant play an active role, or should all the work be left to computer experts? In what aspects of computer acquisition might an accountant provide a useful contribution? The accountant is

21.4 Mark Mitton, the liaison to the IS department, has eliminated all but the best three systems. Mark developed a list of required features, carefully reviewed each system, talked to other users, and interviewed appropriate systems representatives. Mark used a point-scoring system to assign weights to each requirement. Mark developed Table

21.9 Quickfix is rapidly losing business, and management wants to redesign its computer repair processes and procedures to decrease costs and increase customer service. Currently, a customer needing help calls one of five regional service centers. A customer service representative records the relevant customer information, finds the closest qualified technician,

CHAPTER 22 SYSTEMS DESIGN, IMPLEMENTATION, AND OPERATION SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 22.1 Prism Glass is converting to a new information system. To expedite and speed up implementation, the CEO asked your consulting team to postpone establishing standards and controls until after the system is fully operational. How should you respond to the CEOs request? The consulting

22.5 Ryon Pulsipher, manager of Columbias property accounting division, has had difficulty responding to the following departmental requests for information about fixed assets. 1. The controller has requested individual fixed assets schedules to support the general ledger balance. Although Ryon has furnished the information, it is late. The way the records are organized makes

CHAPTER 3 SYSTEMS DEVELOPMENT AND DOCUMENTATION TECHNIQUES SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 3.1 Identify the DFD elements in the following narrative: A customer purchases a few items from a local grocery store. Jill, a salesclerk, enters the transaction in the cash register and takes the customers money. At closing, Jill

3.2 b. Prepare a business process diagram for the process described. Employee Activities Performed Job Sites Weekly Remote locations Data Processing Payroll Supervisor

3.7 a. (continued) Level 0 Data Flow Diagram of the Cash Receipts System at S&S: Customers 1.0 Process Payments 2.0 Update Customer Accounts Bank 3.0 Prepare Reports Management Credit andCollectionsLedgerAged TrialBalanceCashReceiptsReport Management Credit andCollectionsLedgerAged TrialBalanceCashReceiptsReport Management Credit and Collections Ledger Aged Trial Balance Cash Receipts Report Remittance File Accounts Receivable Payments at Sale Remittances on Account Endorsed Checks & Cash, Deposit Slip Remittance Slips 3.7 b. Prepare a document flowchart to document the cash receipts system at S&S. S&S Cash

3.10 (continued) c. A customer places an online order to purchase merchandise. The order is approved, filled, and sent to the customer with an invoice. Context Customer Order Entry System Purchase Order Invoice Merchandise Level 0 Customer 1.0 Receive Order 2.0 Approve Order Purchase Order 4.0 Prepare Invoice Invoice Open Orders 3.0 Fill and Ship

2015 Pearson Education, Inc. 2015 Pearson Education, Inc. 2015 Pearson Education, Inc. CHAPTER 4 RELATIONAL DATABASES SUGGESTED ANSWERS TO DISCUSSION QUESTIONS RELATIONAL DATABASES SUGGESTED ANSWERS TO DISCUSSION QUESTIONS RELATIONAL DATABASES SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 4.1 Contrast the logical and the physical views of data

4.4 Retrieve the S&S In-Chapter Database (in Microsoft Access format) from the texts website (or create the tables in Table 4-5 in a relational DBMS product). Write queries to answer the following questions. Note: For some questions, you may have to create two queriesone to calculate an Invoice Total and

Accounting Information Systems 4-1 2015 Pearson Education, Inc. 2015 Pearson Education, Inc. 2015 Pearson Education, Inc. 4.5 Enter the tables in Table 4-15 into a relational DBMS package. Write queries to answer the following questions. Note: For some questions, you may have to create two queriesone

4.9 Create relational tables that solve the update, insert, and delete anomalies in Table 4-18. TABLE 4-18 Purchase Order # Purchas e Order Date Par t # Description Unit Price Quantity Ordered Vendor # Vendor Name Vendor Address 2 3/9/18 334 XYZ $30 3 504 KL Supply 75 Stevens Dr. 2

CHAPTER 5 COMPUTER FRAUD SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 5.1 Do you agree that the most effective way to obtain adequate system security is to rely on the integrity of company employees? Why or why not? Does this seem ironic? What should a company do to

5.3 The computer frauds that are publicly revealed represent only the tip of the iceberg. Although many people perceive that the major threat to computer security is external, the more dangerous threats come from insiders. Management must recognize these problems and develop and enforce security programs to deal with the

2015 Pearson Education, Inc. 1 2015 Pearson Education, Inc. 1 2015 Pearson Education, Inc. 1 5.9 The ACFE periodically prepares an article called What Is Your Fraud IQ? It consists of 10 or more multiple choice questions dealing with various aspects of fraud.

CHAPTER 6 COMPUTER FRAUD AND ABUSE TECHNIQUES SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 6.1 When U.S. Leasing (USL) computers began acting sluggishly, computer operators were relieved when a software troubleshooter from IBM called. When he offered to correct the problem they were having, he was given a

6.8 Match the fraud and abuse technique in the left column with the scenario in the right column. Terms on the left may be used once, more than once, or not at all. 1 Address Resolution Protocol (ARP) spoofing m. Fake computer networking protocol messages sent to

CHAPTER 7 CONTROL AND ACCOUNTING INFORMATION SYSTEMS SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 7.1 Answer the following questions about the audit of Springers Lumber & Supply a. What deficiencies existed in the internal environment at Springers? The "internal environment" refers to the tone or culture

7.9 Explain what is meant by objective setting and describe the four types of objectives used in ERM. Objective setting, the second ERM component, is determining what the company hopes to achieve. It is often referred to as the corporate vision or mission. The four types of objectives

7.2 Explain how the principle of separation of duties is violated in each of the following situations. Also, suggest one or more procedures to reduce the risk and exposure highlighted in each example. a. A payroll clerk recorded a 40-hour workweek for an employee who had quit the

7.5 During a recent review, ABC Corporation discovered that it has a serious internal control problem. It is estimated that the impact associated with this problem is $1 million and that the likelihood is currently 5%. Two internal control procedures have been proposed to deal with this problem. Procedure A

Accounting Information Systems Accounting Information Systems Accounting Information Systems 2015 Pearson Education, Inc. 2015 Pearson Education, Inc. 2015 Pearson Education, Inc. 1 7.10 The Langston Recreational Company (LRC) manufactures ice skates for racing, figure skating, and hockey. The company is located in Kearns,

CHAPTER 8 CONTROLS FOR INFORMATION SECURITY SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 8.1 Explain why an organization would want to use all of the following information security controls: firewalls, intrusion prevention systems, intrusion detection systems, and a CIRT. Using this combination of controls provides defense-in-depth.

Complexity (types of characters allowed) Number of characters Length Number of possible passwords Numeric 10 (0-9) 4 104 = 10,000 Alphabetic, not case sensitive 26 (a-z) 8 268 = 2.088+E11 Alphabetic, case sensitive 52 (a-z, A-Z) 8 528 = 5.346+E13 Alphanumeric, case sensitive 62 (0-9, a-z, A-Z)

CHAPTER 9 CONFIDENTIALITY AND PRIVACY CONTROLS SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 9.1 From the viewpoint of the customer, what are the advantages and disadvantages to the opt-in versus the opt-out approaches to collecting personal information? From the viewpoint of the organization desiring to collect such information?

c. Can you make your watermark invisible so that it can be used to detect whether a document containing sensitive information has been copied to an unauthorized location? How? How could you use that invisible watermark to detect violation of copying policy? If you make the text of the

Which of the following actions can you perform? 1. Open the file 2. Copy the file to a USB drive. 3. Move the file to a USB drive. 4. Rename the file. 5. Delete the file Tell students to save the encrypted file in a shared directory

1 Answer: A Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: A Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: A Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Accounting

15 Answer: D Objective: Learning Objective 5 Difficulty: Easy AACSB: Analytic 15 Answer: D Objective: Learning Objective 5 Difficulty: Easy AACSB: Analytic 15 Answer: D Objective: Learning Objective 5 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

1 Answer: A Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: A Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: A Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

13 Answer: D Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 13 Answer: D Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 13 Answer: D Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

1 Answer: A Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: A Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: A Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Accounting

14 Answer: B Objective: Learning Objective 3 Difficulty: Moderate AACSB: Analytic 14 Answer: B Objective: Learning Objective 3 Difficulty: Moderate AACSB: Analytic 14 Answer: B Objective: Learning Objective 3 Difficulty: Moderate AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

1 Answer: B Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: B Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: B Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Accounting

16 Answer: C Objective: Learning Objective 3 Difficulty: Moderate AACSB: Analytic 16 Answer: C Objective: Learning Objective 3 Difficulty: Moderate AACSB: Analytic 16 Answer: C Objective: Learning Objective 3 Difficulty: Moderate AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

1 Answer: C Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: C Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: C Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Accounting

15 Answer: C Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 15 Answer: C Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 15 Answer: C Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

1 Answer: C Objective: Learning Objective 1 Difficulty: Moderate AACSB: Reflective Thinking 1 Answer: C Objective: Learning Objective 1 Difficulty: Moderate AACSB: Reflective Thinking 1 Answer: C Objective: Learning Objective 1 Difficulty: Moderate AACSB: Reflective Thinking Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015

14 Answer: C Objective: Learning Objective 2 Difficulty: Moderate AACSB: Analytic 14 Answer: C Objective: Learning Objective 2 Difficulty: Moderate AACSB: Analytic 14 Answer: C Objective: Learning Objective 2 Difficulty: Moderate AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

1 Answer: D Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: D Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: D Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Accounting

12 Answer: A Objective: Learning Objective 3 Difficulty: Moderate AACSB: Analytic 12 Answer: A Objective: Learning Objective 3 Difficulty: Moderate AACSB: Analytic 12 Answer: A Objective: Learning Objective 3 Difficulty: Moderate AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

1 Answer: D Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: D Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: D Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

12 Copyright 2015 Pearson Education, Inc. 12 Copyright 2015 Pearson Education, Inc. 12 Copyright 2015 Pearson Education, Inc. 16.3 Understand the implications of new IT developments, such as XBRL, and changes in the external reporting requirements, such as IFRS, for the design and operation of the general ledger and

1 Answer: C Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: C Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: C Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Accounting

15 Answer: A Objective: Learning Objective 3 Difficulty: Difficult AACSB: Reflective Thinking 15 Answer: A Objective: Learning Objective 3 Difficulty: Difficult AACSB: Reflective Thinking 15 Answer: A Objective: Learning Objective 3 Difficulty: Difficult AACSB: Reflective Thinking Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson

1 Answer: A Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 1 Answer: A Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 1 Answer: A Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

14 Answer: B Objective: Learning Objective 2 Difficulty: Moderate AACSB: Analytic 14 Answer: B Objective: Learning Objective 2 Difficulty: Moderate AACSB: Analytic 14 Answer: B Objective: Learning Objective 2 Difficulty: Moderate AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. 26)

1 Answer: B Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 1 Answer: B Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 1 Answer: B Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

16 Answer: B Objective: Learning Objective 2 Difficulty: Easy AACSB: Analytic 16 Answer: B Objective: Learning Objective 2 Difficulty: Easy AACSB: Analytic 16 Answer: B Objective: Learning Objective 2 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

1 Answer: A Objective: Learning Objective 1 Difficulty: Moderate AACSB: Reflective Thinking 1 Answer: A Objective: Learning Objective 1 Difficulty: Moderate AACSB: Reflective Thinking 1 Answer: A Objective: Learning Objective 1 Difficulty: Moderate AACSB: Reflective Thinking Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson

14 Answer: B Objective: Learning Objective 3 Difficulty: Moderate AACSB: Analytic 14 Answer: B Objective: Learning Objective 3 Difficulty: Moderate AACSB: Analytic 14 Answer: B Objective: Learning Objective 3 Difficulty: Moderate AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. 14)

1 Answer: C Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 1 Answer: C Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 1 Answer: C Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

16 Answer: A Objective: Learning Objective 4 Difficulty: Easy AACSB: Analytic 16 Answer: A Objective: Learning Objective 4 Difficulty: Easy AACSB: Analytic 16 Answer: A Objective: Learning Objective 4 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. 12)

1 Answer: A Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: A Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: A Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

15 Answer: FALSE Objective: Learning Objective 3 Difficulty: Easy AACSB: Analytic 15 Answer: FALSE Objective: Learning Objective 3 Difficulty: Easy AACSB: Analytic 15 Answer: FALSE Objective: Learning Objective 3 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

1 Answer: C Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 1 Answer: C Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 1 Answer: C Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

14 Answer: A Objective: Learning Objective 2 Difficulty: Moderate AACSB: Reflective Thinking 14 Answer: A Objective: Learning Objective 2 Difficulty: Moderate AACSB: Reflective Thinking 14 Answer: A Objective: Learning Objective 2 Difficulty: Moderate AACSB: Reflective Thinking Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015

1 Answer: D Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: D Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: D Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Accounting

21 Answer: D Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 21 Answer: D Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 21 Answer: D Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. 52)

32 Answer: C Objective: Learning Objective 2 Difficulty: Moderate AACSB: Reflective Thinking 32 Answer: C Objective: Learning Objective 2 Difficulty: Moderate AACSB: Reflective Thinking 32 Answer: C Objective: Learning Objective 2 Difficulty: Moderate AACSB: Reflective Thinking Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson

1 Answer: B Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: B Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: B Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Accounting

19 Answer: B Objective: Learning Objective 5 Difficulty: Easy AACSB: Analytic 19 Answer: B Objective: Learning Objective 5 Difficulty: Easy AACSB: Analytic 19 Answer: B Objective: Learning Objective 5 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

1 Answer: B Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 1 Answer: B Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 1 Answer: B Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Accounting

1 Answer: A Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 1 Answer: A Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 1 Answer: A Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

1 Answer: A Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 1 Answer: A Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 1 Answer: A Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Accounting

15 Answer: A Objective: Learning Objective 6 Difficulty: Easy AACSB: Analytic 15 Answer: A Objective: Learning Objective 6 Difficulty: Easy AACSB: Analytic 15 Answer: A Objective: Learning Objective 6 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

1 Answer: C Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 1 Answer: C Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic 1 Answer: C Objective: Learning Objective 1 Difficulty: Moderate AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc.

1 Answer: FALSE Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: FALSE Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic 1 Answer: FALSE Objective: Learning Objective 1 Difficulty: Easy AACSB: Analytic Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Copyright 2015 Pearson Education, Inc. Accounting