modeling
Solutions to suggested cases
WARNING: Good studying practice suggests that you attempt the problems before looking at the solutions. You learn and retain more from making mistakes than merely referring to pro forma solutions
Problem 1-16
1-16. Instructors might want to mention that this problem asks students to consider the accounting information needs of a subset of not-for-profit organizations, and to note that the accounting data required by them often does not differ much from for-profit organizations.
a. Data on dues payments, revenues from such club activities as
b. Manual accounting information system gathers the same data that would be gathered by a computerized system, stores it for future reference and further processing, and periodically outputs it in useful formats for club members and perhaps.
c. Most recreational clubs have only a single “treasurer” to look after the financial matters of the organization. This is a good idea … But it is also a recipe for fraud.
d. Several advantages can accrue to computerizing club finances. Among them are (1) greater accuracy in data recording and data processing, (2) the ability to output financial information in a variety of legible and professional-looking formats, (3), (4) (5)
Case 2-25, 2-27, 2-28
2-25, 2-27 done in tutorial
2-28. Bennet National Bank
1. The special information that must be coded on the magnetic strip of the card would include, but would not necessarily be limited to:
a) special bank code
b) customer's credit card number
c) customer's savings account number
d) +5 more
2. The tests of conformity with bank policy and locations for such tests would be:
a) correct passcode test performed by client
b) Bennet credit card test performed by client
c) +5 more
3.5-3.10; 3.13-16; 3.20; 3.23
3-5. The data in large, commercial databases pose special challenges for database designers and users. Some major concerns are:
(1) data
WARNING: Good studying practice suggests that you attempt the problems before looking at the solutions. You learn and retain more from making mistakes than merely referring to pro forma solutions
Problem 1-16
1-16. Instructors might want to mention that this problem asks students to consider the accounting information needs of a subset of not-for-profit organizations, and to note that the accounting data required by them often does not differ much from for-profit organizations.
a. Data on dues payments, revenues from such club activities as
b. Manual accounting information system gathers the same data that would be gathered by a computerized system, stores it for future reference and further processing, and periodically outputs it in useful formats for club members and perhaps.
c. Most recreational clubs have only a single “treasurer” to look after the financial matters of the organization. This is a good idea … But it is also a recipe for fraud.
d. Several advantages can accrue to computerizing club finances. Among them are (1) greater accuracy in data recording and data processing, (2) the ability to output financial information in a variety of legible and professional-looking formats, (3), (4) (5)
Case 2-25, 2-27, 2-28
2-25, 2-27 done in tutorial
2-28. Bennet National Bank
1. The special information that must be coded on the magnetic strip of the card would include, but would not necessarily be limited to:
a) special bank code
b) customer's credit card number
c) customer's savings account number
d) +5 more
2. The tests of conformity with bank policy and locations for such tests would be:
a) correct passcode test performed by client
b) Bennet credit card test performed by client
c) +5 more
3.5-3.10; 3.13-16; 3.20; 3.23
3-5. The data in large, commercial databases pose special challenges for database designers and users. Some major concerns are:
(1) data