ACCT451
Week 1 Discussion 1 & 2 Latest 2017 August

dq 1

WEEK
1: PROCESSING DATA AND USING INFORMATION

1818 unread replies.6666 replies.

Describe the type of data your current or
former employer processes and correlate for us how those data are transformed
into information. Is it mostly manual process or an automated process? In terms
of system integration (or lack thereof), discuss how any comprehensive reports
prepared for decision makers are compiled by your company, past or present.

dq 2

WEEK 1:
WORKFLOW DOCUMENTATION AIDS IN SYSTEMS DESIGN

2929 unread replies.6363 replies.

There are four main methods for documenting
specific business processes, systems, and so on. If your company asked you to
document the workflow in your department, where would you start and why? How
would that change if the company asked you to document the AIS itself rather
than the workflow?

ACCT451
Week 2 Discussion 1 & 2 Latest 2017 August

dq 1

WEEK 2:
FRAUD: INSIDE VERSUS OUTSIDE JOBS

77 unread replies.6565 replies.

With respect to fraud against companies, which
do you think is more prevalent: inside or outside jobs? Explain your position.
Describe what you think is the number one target of an inside job versus that
of an outside job.

dq 2

WEEK 2:
TYPES OF CONTROLS TO HELP MITIGATE FRAUD

66 unread replies.6565 replies.

Segregation of duties (SoD) and other classic
internal controls such as management oversight have been adapted to consider
technology. Compare and contrast the classic controls with their adaptations
for technology. Have one or more of the classic controls become obsolete when
applied in technology? On the flip side of that, describe any new controls that
have become necessary because of technology.

ACCT451
Week 3 Discussion 1,2 & 3 Latest 2017 August

dq 1

WEEK
3: COLLECT AND PROTECT PERSONAL INFORMATION

2020 unread replies.7373 replies.

Discuss some types of personal information
that companies collect from their customers and discuss what they are used for.
How is information collected, and do the customers know about it? Do they have
a choice in the matter? Explain how.

dq 2

WEEK 3:
MINIMUM SECURITY STANDARDS

1515 unread replies.6969 replies.

Should the government mandate minimum
standards for controlling and securing information? What would be some
advantages and disadvantages?

dq 3

WEEK 3:
COLLABORATION DISCUSSION

99 unread replies.3434 replies.

Post your team’s company overview
presentation. Review the feedback and comments provided by your classmates and
professor to your team’s presentation Review at least one other team’s
presentation and provide feedback and comments.

ACCT451
Week 4 Discussion 1,2 & 3 Latest 2017 August

dq 1

WEEK
4: THREATS IN THE REVENUE CYCLE

77 unread replies.6464 replies.

Controlling inventory has evolved with the
widespread use of technology. Describe one advance in technology that helps
reduce theft or errors. What does your company use? Does this replace a
physical inventory? Why or why not?

dq 2

WEEK 4:
THREATS IN THE EXPENDITURE CYCLE

66 unread replies.6565 replies.

Compare internal control issues between the
invoice approval and payment process in a manual office with that of an
automated office where all departments are connected to the same AIS. Is an ink
pen signature more desirable than a digital approval? Why or why not?

dq 3

WEEK 4:
COLLABORATION DISCUSSION

55 unread replies.3535 replies.

Post your team’s client requirements
presentation. Review the feedback and comments provided by your classmates and
professor to your team’s presentation Review at least one other team’s
presentation and provide feedback and comments.

ACCT451
Week 5 Discussion 1,2 & 3 Latest 2017 August

dq 1

WEEK 5:
THREATS IN THE PRODUCTION CYCLE

1010 unread replies.6464 replies.

Last week, we discussed inventory control
within the revenue cycle. What are threats to inventory within the production
cycle (both threats to physical inventory and the data related to inventory)?
What specific controls do AIS offer to help prevent or at least detect these threats?

dq 2

WEEK 5:
THREATS IN THE HR FUNCTION/PAYROLL CYCLE

1313 unread replies.6464 replies.

What is a payroll master file? Describe the
types of errors that may occur in the master file and how they get there. How
would you design payroll procedures to help prevent them?

dq 3

WEEK 5:
COLLABORATION DISCUSSION

33 unread replies.4343 replies.

Post your team’s Internal Controls
presentation. Review the feedback and comments provided by your classmates and
professor to your team’s presentation Review at least one other team’s
presentation and provide feedback and comments.

ACCT451
Week 6 Discussion 1,2 & 3 Latest 2017 August

dq 1

WEEK
6: AUDITING AND THE REA MODEL

1515 unread replies.2929 replies.

Discuss how REA diagrams might be useful to
auditors in understanding a client’s business processes. What if the client
hasn’t prepared them in advance? What basic steps would the auditor perform to
compile the information necessary to build the diagram himself or herself? Does
that time investment produce large enough benefits to the auditor? Explain your
answer.

dq 2

WEEK 6:
UNIQUE REA DIAGRAMS

1414 unread replies.2828 replies.

Discuss why there cannot be one basic REA
diagram that would work for all businesses. What might be some areas that could
be similar from business to business? Select either the company for which you
work or one that interests you. Describe the business processes that are unique
to that company or industry that would require special handling in an REA
diagram.

dq 3

WEEK 6:
COLLABORATIVE DISCUSSION

44 unread replies.55 replies.

Post your team’s AIS packages presentation.
Review the feedback and comments provided by your classmates and professor to
your team’s presentation Review at least one other team’s presentation and
provide feedback and comments.

ACCT451
Week 7 Discussion 1 & 2 Latest 2017 August

dq 1

WEEK
7: ROLE OF ACCOUNTANT IN AIS

2929 unread replies.6363 replies.

Discuss what you believe to be the appropriate
level of involvement of an accountant in evaluating and selecting an AIS vendor
and the AIS itself. What are some of the contributions an accountant might
offer in this process?

dq 2

WEEK
7: CONVERSION APPROACHES

4242 unread replies.6060 replies.

Using the company for which you work or one in
which you are interested, choose the conversion approach you would use if the
company purchased a new AIS. Explain your choice, including the benefits.
Discuss how you envision the testing process.

ACCT451 Week 3 Lab Part
1 Latest 2017 August

Lab Overview

Summary

In this Lab, you will begin using Microsoft Dynamics Accounting
Software. All of your work will be done using the following.

  • Microsoft
    Dynamics Case Study: Brenda’s Bagels (available in Files)
  • This
    week, we will focus on lab #1: Microsoft Dynamics
  • Microsoft
    Dynamics software available from the Lab page in Introduction &
    Resources

Deliverables

Create a file named MD_Lab_1_LastName_FirstInitial.docx.
It should contain screen prints of your work as indicated in the lab steps.

Required
Software

Microsoft Dynamics – Citrix

Access the software at https://lab.devry.edu (Links to an
external site.)Links to an external site..

All Steps

Lab Steps

STEP 1:
Preparation

  • Open
    a Word document and save it as MD_Lab_1_LastName_FirstInitial.docx.
    This is where you will paste your screenshots of your progress through
    this lab.
  • At
    the top of the Word document, add the following.
    • Your
      Name
    • Your
      Instructor’s name
    • Course
      Number
    • Date
    • Microsoft
      Dynamics Lab 1
  • When
    indicated in the lab steps, take a screenshot(s) of your computer screen
    and paste it to this file. At the end of the lab, you will upload this
    Word document containing the screenshots.
  • Review
    Lab 1: Brenda’s Bagels: Microsoft Dynamics (in FIles)
  • Start
    Microsoft Dynamics.
  • For
    information on how to use the Citrix environment, consult the Lab section
    in Introduction & Resources.

STEP 2:
Microsoft Dynamics

  • Complete
    lab 1.1: Brenda’s Bagels: Microsoft Dynamics
  • Follow
    the directions contained in the lab including the required screenshot(s).

STEP 3:
User Preferences

  • Complete
    lab 1.2: Brenda’s Bagels: User Preferences
  • Follow
    the directions contained in the lab including the required screenshot(s).

STEP 4: Set
Up the General Ledger

  • Complete
    lab 1.3: Brenda’s Bagels: The General Ledger
  • Follow
    the directions contained in the lab including the required screenshot(s).

STEP 5:
Submit the Deliverables

  • Close
    Microsoft Dynamics and your work will be automatically saved by Microsoft
    Dynamics.
  • Deliverable
    • Save
      your Word document containing the required screenshot(s).
    • Submit
      the Word document.

ACCT451 Week 4 Lab Part
II Latest 2017 August

Lab Overview

Summary

In this Lab, you will continue using Microsoft Dynamics
Accounting Software. All of your work will be done using the following.

  • Microsoft
    Dynamics Case Study: Brenda’s Bagels (in Files)
  • This
    week, we will focus on Lab 2: Receivables and Payables.
  • Microsoft
    Dynamics software available from the Lab section in Introduction &
    Resources.

Deliverables

Create a file named MD_Lab_2_LastName_FirstInitial.docx
contains screen prints of your work as indicated in the lab steps.

Required Software

Microsoft Dynamics – Citrix

Access the software at https://lab.devry.edu (Links to an
external site.)Links to an external site..

All Steps

Lab Steps

STEP 1: Preparation

  • Open
    a Word document and save it as MD_Lab_2_LastName_FirstInitial.docx.
    This is where you will paste your screenshots of your progress through
    this Lab.
  • At
    the top of the Word document add the following.
    • Your
      name
    • Your
      instructor’s name
    • Course
      number
    • Date
    • Microsoft
      Dynamics Lab 2
  • When
    indicated in the lab steps, take a screenshot of your computer screen and
    paste it to this file. At the end of the lab, you will upload this Word
    document containing the screenshots.
  • Review
    Lab 2: Brenda’s Bagels: Accounts Receivable and Accounts Payable (in
    Files).
  • Start
    Microsoft Dynamics

STEP 2: Accounts Receivable

  • Complete
    Lab 2.1: Brenda’s Bagels: Accounts Receivable.
  • Follow
    the directions contained in the lab including the required screenshot(s).

STEP 3: Setting Up Accounts Payable

  • Complete
    Lab 2.2: Brenda’s Bagels: Accounts Payable.
  • Follow
    the directions contained in the lab including the required screenshot(s).

STEP 4: Submitting the Deliverables

  • Close
    Microsoft Dynamics and your work will be automatically saved by Microsoft
    Dynamics.
  • Deliverable:
    • Save
      your Word document containing your required screenshot(s).
    • Submit
      the Word document.

ACCT451 Week 5 Lab Part
III Latest 2017 August

Lab Overview

Summary

In this Lab, you will begin using Microsoft Dynamics Accounting
Software. All of your work will be done using the following.

  • Microsoft
    Dynamics Case Study: Brenda’s Bagels (in Files)
  • This
    week, we will focus on Lab 3: Inventory and Payroll.
  • Microsoft
    Dynamics software available from the Lab section in Introduction &
    Resources.

Deliverables

Create a file named MD_Lab_3_LastName_FirstInitial.docx
contains screen prints of your work as indicated in the lab steps.

Required Software

Microsoft Dynamics – Citrix

Access the software at https://lab.devry.edu (Links to an
external site.)Links to an external site..

All Steps

Lab Steps

STEP 1: Preparation

  • Open
    a Word document and save it as MD_Lab_3_LastName_FirstInitial.docx.
    This is where you will paste your screenshots of your progress through
    this lab.
  • At
    the top of the Word document, add the following.
    • Your
      Name
    • Your
      Instructor’s name
    • Course
      Number
    • Date
    • Microsoft
      Dynamics Lab 3
  • When
    indicated in the lab steps, take a screenshot of your computer screen and
    paste it to this file. At the end of the lab, you will upload this Word
    document containing the screenshots to this week’s lab.
  • Review
    Lab 3: Brenda’s Bagels: Inventory and Payroll (in Files)
  • Start
    Microsoft Dynamics

STEP 2: Setting Up Inventory

  • Complete
    lab 3.1: Brenda’s Bagels: Inventory.
  • Follow
    the directions contained in the lab including the required screenshot(s).

STEP 2: Setting up Payroll

  • Complete
    lab 3.2: Brenda’s Bagels: Payroll.
  • Follow
    the directions contained in the lab including the required screenshot(s).

STEP 3: Submitting the Deliverables

  • Close
    Microsoft Dynamics and your work will be automatically saved by Microsoft
    Dynamics.
  • Deliverable:
    • Save
      your Word document containing the requiredscreenshot(s).
    • Submit
      the Word document.

ACCT451 Week 6: Lab –
Microsoft Dynamics Part IV Latest 2017 August

Summary

In this Lab, you continue using Microsoft Dynamics Accounting
Software. All of your work will be done using the following.

  • Microsoft
    Dynamics Case Study: Brenda’s Bagels (in Files)
  • This
    week, we will focus on Lab 4: Transactions.
  • Microsoft
    Dynamics software available from the Lab section in Introduction &
    Resources

Deliverables

Create a file named MD_Lab_4_LastName_FirstInitial.docx
contains screenshots of your work as indicated in the lab steps.

Required Software

Microsoft Dynamics – Citrix

Access the software at https://lab.devry.edu (Links to an
external site.)Links to an external site..

All Steps

Lab Steps

STEP 1: Preparation

  • Open
    a Word document and save it as MD_Lab_4_LastName_FirstInitial.docx.
    This is where you will paste your screenshots of your progress through
    this Lab.
  • At
    the top of the Word document, add the following.
    • Your
      Name
    • Your
      Instructor’s name
    • Course
      Number
    • Date
    • Microsoft
      Dynamics Lab 4
  • When
    indicated in the lab steps, take a screenshot of your computer screen and
    paste it to this file. At the end of the lab, you will upload this Word
    document containing the screenshots.
  • Review
    Lab 4: Transaction Processing (in Files)
  • Start
    Microsoft Dynamics

STEP 2: Transaction Processing

  • Complete
    lab 4.1: Transactions
  • Follow
    the directions contained in the lab including the required screenshot(s).

STEP 3: Vendor Invoices

  • Complete
    lab 4.2: Vendor Invoices
  • Follow
    the directions contained in the lab including the required screenshot(s).

STEP 4: Customer Invoices

  • Complete
    lab 4.3: Customer Invoices
  • Follow
    the directions contained in the lab including the required screenshot(s).

STEP 5: Payroll

  • Complete
    lab 4.4: Payroll
  • Follow
    the directions contained in the lab including the required screenshot(s).

STEP 6: Submitting the Deliverables

  • Close
    Microsoft Dynamics and your work will be automatically saved by Microsoft
    Dynamics.
  • Deliverable:
    • Save
      your Word document containing the required screenshots(s).
    • Submit
      the Word document.

ACCT451 Week 7
Lab—Microsoft Dynamics Part V Latest 2017 August

Summary

In this lab, you will begin using Microsoft Dynamics accounting
software. All of your work will be done using the following.

  • Microsoft
    Dynamics Case Study: Brenda’s Bagels (in FIles)
  • This
    week, we will focus on Lab 5: Adjusting Entries and Trial Balance.
  • Microsoft
    Dynamics software is available from the Lab page in Introduction &
    Resources.

Deliverables

Create a file named MD_Lab_5_LastName_FirstInitial.docx. It
should contain screen prints of your work as indicated in the lab steps.

Required Software

Microsoft Dynamics—Citrix

Access the software at https://lab.devry.edu (Links to an
external site.)Links to an external site..
All steps

Lab Steps

Step 1: Preparation

  • Open
    a Word document and save it as MD_Lab_5_LastName_FirstInitial.docx. This
    is where you will paste your screen shots of your progress through this
    lab.
  • At
    the top of the Word document, add the following.
    • Your
      name
    • Your
      instructor’s name
    • Course
      number
    • Date
    • Microsoft
      Dynamics Lab 5
  • When
    indicated in the lab steps, take a screen shot of your computer screen and
    paste it to this file. At the end of the lab, you will upload this Word
    document containing the screenshots.
  • Review
    Lab 5: Adjusting Entries and Trial Balance (in Files).
  • Start
    Microsoft Dynamics.

Step 2: Adjusting Entries

  • Complete
    Lab 5.1: Brenda’s Bagels: Adjusting Entries
  • Follow
    the directions contained in the lab, including the required screen
    shot(s).

Step 3: Trial Balance

  • Complete
    Lab 5.2: Brenda’s Bagels: Trial Balance
  • Follow
    the directions contained in the lab, including the required screen
    shot(s).

Step 4: Submitting the Deliverables

  • Close
    Microsoft Dynamics, and your work will be automatically saved by Microsoft
    Dynamics.
  • Deliverable
    • Save
      your Word document containing your screen shots.
    • Submit
      the Word document.

ACCT451
Week 1 Homework Latest 2017 August

There are two problems due this week (each
worth 10 points) as follows.

  • Problem
    2.5 (page 41) – Matching
  • Problem
    3.12 (page 70) – Matching

ACCT451
Week 2 Homework Latest 2017 August

There are two problems due this week (each
worth 10 points) as follows.

  • Case
    5.2 (page 145) – Heirloom Photo Plans: In two- to three-pages, answer the
    four questions at the end of the case.
  • Problem
    7.1 (page 216) – Go-Go Corporation: In one- to two-pages, identify and
    explain the internal environment problems.

ACCT451
Week 3 Homework Latest 2017 August

There is one assignment due this week (worth
20 points) as follows.

1. Case
7.1 (page 224) – The Greater Providence Deposit & Trust Embezzlement: In
two- to three-pages, answer the eight questions at the end of the case.

ACCT451
Week 4 Homework Latest 2017 August

1. Case 13.1
(page 411) – Research Project: Impact of Information Technology on Expenditure
Cycle Activities, Threats, and Controls: In two to three pages, answer
questions a and b at the end of the case.

There is one assignment due this week (20
points each) as follows.

1. Case
18.1 (page 551) – In two- to three-pages, answer questions1 through5 at
the end of the case.

Submit yourCase 18.1 assignment.

ACCT451
Week 5 Homework Latest 2017 August

There is one
assignment due this week (20 points) as follows.

1. Problem 14.2 (page 437) – Answer questions a to l.

ACCT451
Week 6 Homework Latest 2017 August

There is one assignment due this week (20
points each) as follows.

1. Case
18.1 (page 551) – In two- to three-pages, answer questions1 through5 at
the end of the case.

Submit yourCase 18.1 assignment.

ACCT451
Week 7 Homework Latest 2017 August

There is one assignment due this week (20
points) as follows.

1. Case
20.1 (page 617)—Audio Visual Corporation: In one to two pages, answer questions
1 and 2 at the end of the case.

Submit yourCase 20.1 assignment here.

ACCT451
Final Exam Latest 2017 August

Question 1 7 pts

(TCO 1) Data are

facts entered, stored, and processed by an information system.

processed output that is useful to decision makers.

another word for information.

quantitative facts that are not qualitative by nature.

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Question 2 7 pts

(TCO 2) This control
framework’s intent includes helping the organization to provide reasonable
assurance that objectives are achieved and problems are minimized, and to avoid
adverse publicity and damage to the organization’s reputation.

ISACA’s control objectives for information and related technology

COSO’s internal control framework

COSO’s enterprise risk management framework

None of the above

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Question 3 7 pts

(TCO 3) Which of the
following is true regarding public key infrastructure (PKI)?

PKI is intended for e-business use and is typically available through
commercial certificate authorities.

PKI includes a tree of trust that’s checked each time a certificate is
presented as proof of one’s identity.

PKI assumes asymmetric encryption to create legally-binding electronic
documents.

PKI refers to the system and processes used to issue and manage asymmetric keys
and digital certificates.

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Question 4 7 pts

(TCO 3) Restricting
access of users to specific portions of the system as well as specific tasks,
is

authentication.

authorization.

identification.

threat monitoring.

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Question 5 7 pts

(TCO 4) What is the normal
procedure for new customers or customers making a purchase that causes their
credit limit to be exceeded?

Routine approval is granted without authorization

Specific approval must be granted by the credit manager

Reject the sale in either case without question

Check the credit bureau for a credit rating on the customer

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Question 6 7 pts

(TCO 5) Folding squid
technologies has installed a new production monitoring system that is expected
to reduce system breakdowns by 28%. This system will increase throughput by

increasing productive capacity.

increasing productive processing time.

increasing yield.

increasing all components of throughput.

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Question 7 7 pts

(TCO 6) Bobby Burns,
CEO of Maudlin Motors, walked into the office of Tom Sanchez, chief information
officer. “Tom,” he said. “We need some way of getting a better handle on our
overall performance. The financial reports are all well and good, but we need
to track customer satisfaction and other aspects of the business.” Tom should
recommend that Maudlin Motors

implement a data warehouse system.

set up a data mining operation.

use online analytical processing (OLAP.)

implement balanced scorecard reporting.

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Question 8 7 pts

(TCO 7) The potential
inconsistency problem could arise when there are multiple occurrences of a data
item in a database. This is called the

update anomaly.

insert anomaly.

inconsistency anomaly.

integrity anomaly.

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Question 9 7 pts

(TCO 8) Which of the
following transaction processing modes provides the most accurate and complete
information for decision making?

Batch

Distributed

Online, real-time

Application

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Question 10 7 pts

(TCO 8) In which phase
of the systems development life cycle are the new hardware and software for a
system tested?

Conceptual design

Implementation and conversion

Operations and maintenance

Physical design

Question 11 20 pts

(TCO 1) Michael Porter
developed five primary activities that directly provide value to customers.
Think about how a company such as Walmart, or any retail-based company,
provides value using these activities.

Required:

a:
Describe briefly each of the five activities.

b: Develop
a specific example for each activity related to how that retail-based company
can use its AIS to provide value.

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Question 12 20 pts

(TCO 2) Think of a
local bookstore, such as Borders, and describe in detail the risks associated
with this bookstore’s sale of merchandise (not limited to books) to customers,
and propose at least four internal controls that would mitigate those risks.
Now take a look at Amazon.com (or some other online bookstore.) Evaluate the
differences that exist in an online selling environment, and explain how those
risks are mitigated.

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Question 13 20 pts

(TCO 3) How and to
whom does an auditor communicate the audit results?

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Question 14 20 pts

(TCO 4) Explain how
can information technology be used to improve the vendor invoice approval
process.

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Question 15 20 pts

(TCO 5) A small
family-owned business is rapidly expanding. Payroll is currently processed by
the owner’s wife but she can no longer keep up. You’ve been hired to evaluate
whether or not the company should outsource the payroll function. What
questions must be answered for you to make a recommendation? What are the
advantages and disadvantages of outsourcing payroll?

What factors should be
considered in outsourcing payroll to a payroll service bureau? Discuss the
advantages and disadvantages of using a payroll service bureau to process a
payroll.

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Question 16 20 pts

(TCO 6) Explain the
preparation of financial statements as the third step in the general ledger and
reporting system.

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Question 17 20 pts

(TCO 7) Describe the
main constraints when a relational database model is being logically designed.

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Question 18 20 pts

(TCO 8) Discuss the
relative advantages and disadvantages of the four different methods for
gathering data during a systems survey.

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