According to the 2011 PricewaterhouseCoopers (PwC) Global Economic Crime
Survey:
a. Internal audit is the most effective fraud detection method.
b. Cybercrime ranks as one of the top four economic crimes worldwide.
c. Accounting fraud has increased significantly over the last two years.
d. All of the above.
To satisfy customers the focus of new OE/S systems is generally on:
a. mass marketing
b. segmented marketing strategies
c. individual customers
d. all of the above.
In batch processing, business event data are collected and processed
a. as soon as possible
b. one at a time
c. in groups
d. using OLRT systems
GAAP and IFRS convergence will lead to:
a. the end of the FASB
b. the blending of GAAP and IFRS standards
c. decreased role for the
d. less costly processes for financial reporting
Purchasing function benefits from e-business include
a. elimination of sales staff
b. automatic price checking by the computer
c. interaction with supplier sales staff
d. all of the above
In the Purchasing Process –
a. order goods and services
b. receive goods and services
c. determine requirements
d. none of the above
Listed below are 8 descriptions of sections of the Sarbanes-Oxley Act of 2002 (SOX)
followed by the names of 8 sections of SOX.
Required:
On the blank line next to the numbered section description enter a letter of the
corresponding section name.
Section Titles
A. Public Company Accounting Oversight Board
B. Auditor Independence
C. Corporate Responsibility
D. Enhanced Financial Disclosures
E. Analysts Conflicts of Interest
F. Studies and Reports
G. Corporate and Criminal Fraud Accountability
H. White-Collar Crime Penalty Enhancements
The trust service principle of processing ______________________________
determines whether processing is complete, accurate, timely and authorized.
Edit order, record sales order, update inventory, notify warehouse is the sequence of
events for entering a(n) ______________________________.
Manufacturing is often the quickest way for developing countries to increase domestic
wealth and citizen wages.
SAP ________________ is a technology platform that allows a collection of
applications to interact and work together.
List four pros and four cons of ERP packages.
Submitting a purchase order is a business event but creating an employee record is not a
business event.
The process within TB Figure 15.1 Bubble 0 might be described as follows: Consistent
with the value chain concept, the IPP begins with the design of the product and
production processes. Activity-based costing can be used to develop estimates of the
future cost of producing new products as well as potential cost changes from product or
design changes. The entire design process is automated through the use of
computer-aided design (CAD) and computer-aided engineering (CAE). With the use of
enterprise systems, the electronic designs produced using CAD/CAE become the basis
for developing detailed production schedules (bubble 2.0 in TB Figure 15.1) as well as
the electronic control of production machines. In addition to the detailed product
design, the CAD/CAE process results in several data stores of information that are used
later in the IPP:
Refer to TB Figure 15.1. Prepare a Level 1 data flow diagram for the product and
production process design process only.
