Questions on Computer Science
CHAPTER 2
1 With respect to the data processing cycle, explain the phrase “garbage in, garbage out.” How can you prevent this from happening?
2 </inst><para>What kinds of documents are most likely to be turnaround documents? Do you think technology will make turnaround documents extinct? 3 Some individuals argue that accountants should focus on producing financial statements and leave the design and production of managerial reports to information systems specialists. What are the advantages and disadvantages of following this advice? To what extent should accountants be involved in producing reports that include more than just financial measures of performance (ie. Think about CSR (Corporate Social Responsibility) and Sustainability Reporting)? Why?</para></question></general-problem></problemset>
4 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. Briefly describe an audit trail for the following:</para>
a) Purchases of Inventory
b) Sales of Inventory
c) Employee Payroll
5 Match the following terms with their definitions
TERM
DEFINITION
___ a. data processing
1. Contains summary-level data for every asset, liability, equity, revenue, and expense account
___ b. source documents
2. Items are numbered consecutively to account for all items; missing items cause a gap in the numerical sequence
___ c. turnaround documents
3. Path of a transaction through a data processing system from point of origin to final output, or backwards from final output to point of origin
___ d. source data automation
4. List of general ledger account numbers; allows transaction data to be coded, classified, and entered into proper accounts; </para <para>facilitates preparation of financial statements and reports
___ e. general ledger
5. Contents of a specific field, such as “George” in a name field
___ f. subsidiary ledger
1 With respect to the data processing cycle, explain the phrase “garbage in, garbage out.” How can you prevent this from happening?
2 </inst><para>What kinds of documents are most likely to be turnaround documents? Do you think technology will make turnaround documents extinct? 3 Some individuals argue that accountants should focus on producing financial statements and leave the design and production of managerial reports to information systems specialists. What are the advantages and disadvantages of following this advice? To what extent should accountants be involved in producing reports that include more than just financial measures of performance (ie. Think about CSR (Corporate Social Responsibility) and Sustainability Reporting)? Why?</para></question></general-problem></problemset>
4 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. Briefly describe an audit trail for the following:</para>
a) Purchases of Inventory
b) Sales of Inventory
c) Employee Payroll
5 Match the following terms with their definitions
TERM
DEFINITION
___ a. data processing
1. Contains summary-level data for every asset, liability, equity, revenue, and expense account
___ b. source documents
2. Items are numbered consecutively to account for all items; missing items cause a gap in the numerical sequence
___ c. turnaround documents
3. Path of a transaction through a data processing system from point of origin to final output, or backwards from final output to point of origin
___ d. source data automation
4. List of general ledger account numbers; allows transaction data to be coded, classified, and entered into proper accounts; </para <para>facilitates preparation of financial statements and reports
___ e. general ledger
5. Contents of a specific field, such as “George” in a name field
___ f. subsidiary ledger