ACC 564 Complete Chapter Solutions & All Weekly Quizzes, Midterm and
FinalExams... Latest & Complete Version
,ACC 564 Complete Chapter Solutions & All Weekly Quizzes, Midterm and Final
Exams... Latest & Complete Version for Strayer University.
To Purchase this Solution Please Visit:
http://www.studentoffortune.com/question/2077235/ACC-564---Strayer-University
chapter 1
accounting information systems: An overview
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 its benefits? If so, provide some
examples. If not, why not?
1.2 Can the characteristics of useful information listed in Table 1-1 be met
simultaneously? Or does achieving one mean sacrificing another?
1.3 You and a few of your classmates decided to become entrepreneurs. You came
up with a great idea for a new mobile phone application that you think will make lots of
money. Your business plan won second place in a local competition, and you are using
the $10,000 prize to support yourselves as you start your company.
1. a. Identify the key decisions you need to make to be successful entrepreneurs,
the information you need to make them, and the business processes you will need
to engage in.
2. b. Your company will need to exchange information with various external
parties. Identify the external parties, and specify the information received from
and sent to each of them.
1.4 How do an organization’s business processes and lines of business affect the
design of its AIS? Give several examples of how differences among organizations are
reflected in their AIS.
1.5 Figure 1-4 shows that organizational culture and the design of an AIS influence
one another. What does this imply about the degree to which an innovative system
developed by one company can be transferred to another company?
1.6 Figure 1-4 shows that developments in IT affect both an organization’s strategy
and the design of its AIS. How can a company determine whether it is spending too
much, too little, or just enough on IT?
1.7 Apply the value chain concept to S&S. Explain how it would perform the
various primary and support activities.
1.8 Information technology enables organizations to easily collect large amounts of
information about employees. Discuss the following issues:
1
, 1. To what extent should management monitor employees’ e-mail?
1. To what extent should management monitor which Web sites employees visit?
1. c. To what extent should management monitor employee performance by, for
example, using software to track keystrokes per hour or some other unit of time?
If such information is collected, how should it be used?
2. d. Should companies use software to electronically “shred” all traces of e-
mail?
3. e. Under what circumstances and to whom is it appropriate for a company to
distribute information it collects about the people who visit its Web site?
Problems
1.1 Information technology is continually changing the nature of accounting and the
role of accountants. Write a two-page report describing what you think the nature of
the accounting function and the accounting information system in a large company will
be like in the year 2020.
1.2 Adapted from the CMA Examination
a. Identify and discuss the basic factors of communication that must be considered in
the presentation of the annual report.</para></listitem>
b. Discuss the communication problems a corporation faces in preparing the annual
report that result from the diversity of the users being addressed.
c. Select two types of information found in an annual report, other than the financial
statements and accompanying footnotes, and describe how they are helpful to the users
of annual reports.
d. </inst>Discuss at least two advantages and two disadvantages of stating well-
defined corporate strategies in the annual report.</para></listitem>
e. Evaluate the effectiveness of annual reports in fulfilling the information needs of
the following current and potential users: shareholders,
c</para></listitem>reditors</para></listitem>,
<listitem><para><inst></inst>employees</para></listitem>, c<ustomers, and
f</para></listitem>inancial analysts</para></listitem></orderedlist></listitem>
f. Annual reports are public and accessible to anyone, including competitors. Discuss
how this affects decisions about what information should be provided in annual
reports.
1.3 The use of IT at USAA
2
, a. Why should USAA collect data on which auto parts are fixed most frequently?
What could it do with this data?</para></listitem>
b. Even though USAA offered to waive the deductible, the repair shops still managed
to convince 95% of the owners to replace rather than repair their damaged
windshields. How could USAA use its AIS to persuade more shop owners to repair
rather than replace their windows?</para></listitem>
1. a. How does the image-processing system at USAA add value to the
organization?
2. b. How do the remote deposit capture and mobile banking system at USAA
add value to the organization?
3. c. Do an Internet search and find out what other advancements USAA has
introduced. Write a brief paragraph on each new application or other
newsworthy item you find (maximum limit of three applications or items).
1.4 Match the description in the right column with the information characteristic in the left column.
1. Relevant a. The report was carefully designed so that the data contained on the
report became information to the reader
2. Reliable b. The manager was working one weekend and needed to find some
information about production requests for a certain customer. He was
able to find the report on the company’s network.
3. Complete c. The data on a report was checked by two clerks working
independently
4. Timely d. An accounts receivable aging report that included all customer
accounts
5. Understandable e. A report checked by 3 different people for accuracy
6. Verifiable f. An accounts receivable aging report used in credit granting decisions
7. Accessible g. An accounts receivable aging report was received before the credit
manager had to make a decision whether to extend customer credit
1.5 The Howard Leasing Company
1. a. What is an accounts receivable aging report?
2. Why is an accounts receivable aging report needed for an audit?
3. What is an accounts receivable aging report used for in normal company
operations?
4. What data will you need to prepare the report?
5. Where will you collect the data you need to prepare the report?
6. How will you collect the necessary data for the report?
3
FinalExams... Latest & Complete Version
,ACC 564 Complete Chapter Solutions & All Weekly Quizzes, Midterm and Final
Exams... Latest & Complete Version for Strayer University.
To Purchase this Solution Please Visit:
http://www.studentoffortune.com/question/2077235/ACC-564---Strayer-University
chapter 1
accounting information systems: An overview
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 its benefits? If so, provide some
examples. If not, why not?
1.2 Can the characteristics of useful information listed in Table 1-1 be met
simultaneously? Or does achieving one mean sacrificing another?
1.3 You and a few of your classmates decided to become entrepreneurs. You came
up with a great idea for a new mobile phone application that you think will make lots of
money. Your business plan won second place in a local competition, and you are using
the $10,000 prize to support yourselves as you start your company.
1. a. Identify the key decisions you need to make to be successful entrepreneurs,
the information you need to make them, and the business processes you will need
to engage in.
2. b. Your company will need to exchange information with various external
parties. Identify the external parties, and specify the information received from
and sent to each of them.
1.4 How do an organization’s business processes and lines of business affect the
design of its AIS? Give several examples of how differences among organizations are
reflected in their AIS.
1.5 Figure 1-4 shows that organizational culture and the design of an AIS influence
one another. What does this imply about the degree to which an innovative system
developed by one company can be transferred to another company?
1.6 Figure 1-4 shows that developments in IT affect both an organization’s strategy
and the design of its AIS. How can a company determine whether it is spending too
much, too little, or just enough on IT?
1.7 Apply the value chain concept to S&S. Explain how it would perform the
various primary and support activities.
1.8 Information technology enables organizations to easily collect large amounts of
information about employees. Discuss the following issues:
1
, 1. To what extent should management monitor employees’ e-mail?
1. To what extent should management monitor which Web sites employees visit?
1. c. To what extent should management monitor employee performance by, for
example, using software to track keystrokes per hour or some other unit of time?
If such information is collected, how should it be used?
2. d. Should companies use software to electronically “shred” all traces of e-
mail?
3. e. Under what circumstances and to whom is it appropriate for a company to
distribute information it collects about the people who visit its Web site?
Problems
1.1 Information technology is continually changing the nature of accounting and the
role of accountants. Write a two-page report describing what you think the nature of
the accounting function and the accounting information system in a large company will
be like in the year 2020.
1.2 Adapted from the CMA Examination
a. Identify and discuss the basic factors of communication that must be considered in
the presentation of the annual report.</para></listitem>
b. Discuss the communication problems a corporation faces in preparing the annual
report that result from the diversity of the users being addressed.
c. Select two types of information found in an annual report, other than the financial
statements and accompanying footnotes, and describe how they are helpful to the users
of annual reports.
d. </inst>Discuss at least two advantages and two disadvantages of stating well-
defined corporate strategies in the annual report.</para></listitem>
e. Evaluate the effectiveness of annual reports in fulfilling the information needs of
the following current and potential users: shareholders,
c</para></listitem>reditors</para></listitem>,
<listitem><para><inst></inst>employees</para></listitem>, c<ustomers, and
f</para></listitem>inancial analysts</para></listitem></orderedlist></listitem>
f. Annual reports are public and accessible to anyone, including competitors. Discuss
how this affects decisions about what information should be provided in annual
reports.
1.3 The use of IT at USAA
2
, a. Why should USAA collect data on which auto parts are fixed most frequently?
What could it do with this data?</para></listitem>
b. Even though USAA offered to waive the deductible, the repair shops still managed
to convince 95% of the owners to replace rather than repair their damaged
windshields. How could USAA use its AIS to persuade more shop owners to repair
rather than replace their windows?</para></listitem>
1. a. How does the image-processing system at USAA add value to the
organization?
2. b. How do the remote deposit capture and mobile banking system at USAA
add value to the organization?
3. c. Do an Internet search and find out what other advancements USAA has
introduced. Write a brief paragraph on each new application or other
newsworthy item you find (maximum limit of three applications or items).
1.4 Match the description in the right column with the information characteristic in the left column.
1. Relevant a. The report was carefully designed so that the data contained on the
report became information to the reader
2. Reliable b. The manager was working one weekend and needed to find some
information about production requests for a certain customer. He was
able to find the report on the company’s network.
3. Complete c. The data on a report was checked by two clerks working
independently
4. Timely d. An accounts receivable aging report that included all customer
accounts
5. Understandable e. A report checked by 3 different people for accuracy
6. Verifiable f. An accounts receivable aging report used in credit granting decisions
7. Accessible g. An accounts receivable aging report was received before the credit
manager had to make a decision whether to extend customer credit
1.5 The Howard Leasing Company
1. a. What is an accounts receivable aging report?
2. Why is an accounts receivable aging report needed for an audit?
3. What is an accounts receivable aging report used for in normal company
operations?
4. What data will you need to prepare the report?
5. Where will you collect the data you need to prepare the report?
6. How will you collect the necessary data for the report?
3
