Chapter 5 The Expenditure Cycle Part 1: Purchases and Cash Disbursements Procedures Accounting Information Systems‚ 5th edition James A. Hall COPYRIGHT © 2007 Thomson South-Western‚ a part of The Thomson Corporation. Thomson‚ the Star logo‚ and South-Western are trademarks used herein under license Objectives for Chapter 5 • Tasks performed during purchases and cash disbursement processes • Departments involved in purchases and cash disbursement activities and the flow of these transactions
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Quiz Chapter 1 1. What is data? What is information? (p.10) Data are facts‚ which may or may not be processed and have no direct effect on a user’s actions. Information causes the user to take an action that he or she otherwise could not‚ or would not have taken. 2. List tasks of database management. (p.12) Three database management tasks are data storage‚ data retrieval‚ and data deletion. 3. What services could not public accountings provide with their audit clients? (p.22) There are:
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8-1 Understand the aspects of disaster recovery Disaster recovery is concerned with the recovery of critical systems in the event of a loss. Be able to discuss the process of recovering a system in the event of a failure A system recovery usually involves restoring the base operating systems‚ applications‚ and data files. Be able to discuss the types of alternative sites available for disaster recovery. The three types of sites available for disaster recovery are hot sites‚ warm sites‚ and cold
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CASE ANALYSIS - DISASTER RECOVERY AT MARSHALL FIELD’S In Partial Fulfillment of the Requirements of MEPCC121 – Project Management with Total Quality Management “The flooding of the basement of Marshall Field’s posed numerous problems that their manager or key person in the company should be facing. One of these problems include proper planning on what actions they should take for them to be able to get their operations back from the flood incident the soonest time possible. At the centre
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business‚ the management of company’s information online has developed into an issue to be concerned. AIS‚ which is short for Accounting Information System‚ is not merely related to accounting information management as the business develops around the world. In the various explanations of AIS in the Lecture 1‚ p12130 Accounting Information System‚ presented at the University of Nottingham Ningbo by Trevor Bayley‚ Vaassen (2002) defined AIS as provides information for decision-making and accountability
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Business Continuity and Disaster Recovery Plan. Why is it important? A comprehensive risk assessment exercise will help an organization to understand the wide-ranging threats it can be exposed to‚ the possible extent of damage and therefore the required steps for damage control. A healthy Risk Assessment helps to determine how each functional area of a business would be impacted in the event of a crisis (Manmade or Natural) and it further helps in prioritizing recovery plans based on the criticality
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are making. It basically organizes and provides you with the information that is necessary for the particular vendor you are entering in the computer. B. From the accounting perspective‚ why do you need to enter all these data? This data is used to facilitate the submission of a vendor. It identifies and organizes all the information so when accessed later the vendor information is already set up. Accountants can use this information to gather what type of vendor they are looking for‚ the type
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OneShield lacks a proper disaster recovery (DR) plan. These plans involve a set of policies and procedures that enable the recovery of data‚ should it ever be destroyed or lost by natural‚ technical‚ or human-error-based disasters. As IT systems have become increasingly critical to companies‚ the importance of ensuring the continued operation of those systems‚ and their rapid recovery‚ has increased. This is especially true for OneShield‚ who provides technology services for insurance companies
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1. Discuss the origins of the technology make the current accounting system available. 2. Define an accounting system. An accounting system is a system that identifies‚ records‚ communicates information that is relevant‚ reliable‚ and comparable about an organizations business activities. 3. List and describe the components of accounting information system. Technology People Data Input and Output Internal Control 4. Discuss the FASB conceptual framework. Assets: A resource
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resources cycle. What kinds of input or output documents or forms would you find in the production (or conversion) cycle? Students will not know the names of the documents but they should be able to identify the tasks about which information needs to be gathered. Here are some of those tasks: * Requests for items to be produced * Documents to plan production * Schedule of items to be produced * List of items produced‚ including quantity and
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