Solution - Main Transaction Set - Transactions List A
SOLUTION - MAIN TRANSACTION SET
TRANSACTIONS LIST A
The next 23 pages (pages 56-78) are the solutions to the Systems Understand Aid main transaction set for
transactions list A. Additional transaction
Systems Understanding Aid (SUA) Instructions
Observe a simple, complete accounting system in action and become familiar with basic business processes,
documents, internal controls, and the accounting cycle. These concepts provide the foundation
Systems Understanding Aid
Operating Expenses (excluding COGS,
Interest expense & FIT)
Net cash provided by operating
Net increase in Cash
Accounts Receivable A
SYSTEMS UNDERSTANDING AID
Acctg. 320B Fall 2010
After the Systems Understanding Aid (SUA) is completed and graded, it is yours to keep and use for future
reference. You should mark all parts of the materials as you consider appropriate
The most common type of liability is:
D. One to be paid in cash and for which the amount and timing are known.
Characteristic of a liability?
B. It must be payable in cash.
Which of the following is the best definition of a current liability?
D. An obliga
Control and AIS - SOLUTIONS Be prepared to discuss in class
1. When you go to a movie theater, you buy a prenumbered ticket from the cashier. This ticket is
then handed to another person at the entrance to the movie. What kinds of irregularities is the
1. The relational data model represents data as being stored in tables. Spreadsheets are another tool that accountants
use to employ a tabular representation of data. What are some similarities and differences in the way these tools use
tables? How might
Group # _5_
Due Date _1/26/2016 (2:00 pm)
*If a group member did not participate in this assignment please add an * after their name.
1. Your group came up with a great idea for bottled air that you think will make lots of
money. You decide to call your G
Group # _5_
Due Date _2/16/2016 (2:00 pm)
Name (1) _ Name (2) _ Name (3)
Name (4) _
A client heard through its hot line that John, the purchases journal clerk,
periodically enters fictitious acquisitions. After John creates a fictitious purchase, he
1.For each of the three basic options for replacing IT infrastructure (cold sites, hot sites,
and real-time mirroring) give an example of an organization that could use that approach
as part of its DRP. Be prepared to defend your answer.