Ethical and Professional
Daryl had manipulated his financial accounts to suit his purpose in order to receive a
loan from the Free Spirit Bank. He failed to inform them on his application that he had been
rejected by the Ocean National Bank and act
Preferred stock vs. bonds CP 124
The issuance of bonds has the advantage of providing a tax decrease for interest expense. This
would reduce the net cost of the bonds. The best alternative is for Xentec to issue preferred stock.
One more alternative might
Grade 10.00 out of 10.00 (100%)
Match to best example or description
Increased quadriceps/biceps with exercise
scar tissue forms/wound healing
pre-cancerous, abnormal cells present
simple -> stratified epi
CP 41 Ethics and Professional Conduct in Business
It seems that Pablo is not behaving in a professional manner. It is unacceptable to
prepare financial statements in a way that users of the statement would be misinformed. The
July 31, 2014, balance sheet
Chapter 7: Activity Analysis, Cost Behavior, and Cost Estimation
MULTIPLE CHOICE QUESTIONS 1. The relationship between cost and activity is termed: A. cost estimation. B. cost prediction. C. cost behavior. D. cost analysis. E. cost approximation. Answer:
Chapter 6: Activity-Based Management and Cost Management Tools
MULTIPLE CHOICE QUESTIONS 1. Which of the following statements is (are) true about non-value-added activities? I.Non-value-added activities are often unnecessary and dispensable. II.Non-value-
Chapter 5: Activity-Based Costing
MULTIPLE CHOICE QUESTIONS 1. Consider the following statements regarding traditional costing systems: I.Overhead costs are applied to products on the basis of volume-related measures. II.All manufacturing costs are easily
Chapter 1: The Changing Role of Managerial Accounting in a Dynamic Business Environment
MULTIPLE CHOICE QUESTIONS 1. Which of the following statements about managerial accountants is false? A. Managerial accountants more and more are considered "business
Chapter 17IT Controls Part III: Systems Development, Program Changes, and
1. Programs in their compiled state are very susceptible to the threat of unauthorized modification.
2. Maintenance access to systems increase
Chapter 15IT Controls Part I: Sarbanes-Oxley and IT Governance
1. Corporate management (including the CEO) must certify monthly and annually their organizations in ternal controls over financial reporting.
2. Both the SEC and the PCAOB r
Chapter 16IT Controls Part II: Security and Access
1. In a computerized environment, the audit trail log must be printed onto paper documents.
2. Disguising message packets to look as if they came from another user and to gain access to
Chapter 14Construct, Deliver, and Maintain Systems Projects
1. The detailed design phase of the Systems Development Life Cycle is a linear process with each of five
steps occurring once and in its proper sequence.
2. In a Computer Aided
Chapter 13Managing the Systems Development Life Cycle
1. The majority of the cost of a system is incurred in the new systems development phase of the life
2. According to the text, a stakeholder is an end user of a system.
Chapter 12Electronic Commerce Systems
1. Because of network protocols, users of networks built by different manufacturers are able to commu nicate and share data.
2. Electronic commerce refers only to direct consumer marketing on the Int
Chapter 10The REA Approach to Business Process Modeling
1. According to the REA philosophy, information systems should support only the needs of accounting
2. Many believe that the accounting profession should shift away f
Chapter 11Enterprise Resource Planning Systems
1. The primary goal of installing an ERP system is reducing system maintenance costs.
2. The recommended data architecture for an ERP includes separate operational and data warehouse data ba
Chapter 8General Ledger, Financial Reporting, and Management Reporting
1. The most common means of making entries in the general ledger is via the journal voucher.
2. Individuals with access authority to general ledger accounts s
Chapter 1The Information System: An Accountants Perspective
1. Information is a business resource.
2. An information system is an example of a natural system.
3. Transaction processing systems convert non-financial transactions in
Chapter 9Database Management Systems
1. The database approach to data management is sometimes called the flat file approach.
2. The Database Management System provides a controlled environment for accessing the database.
3. To the
Chapter 7The Conversion Cycle
1. The philosophy of customer satisfaction permeates the world-class firm.
2. Reports generated by the cost accounting system include performance reports and budget reports.
3. The cost accounting sys
Chapter 5The Expenditure Cycle Part I: Purchases and Cash Disbursements
1. Purchasing decisions are authorized by inventory control.
2. The blind copy of the purchase order that goes to the receiving department contains no ite
Chapter 6The Expenditure Cycle Part II: Payroll Processing and Fixed Asset
1. Time cards are used by cost accounting to allocate direct labor charges to work in process.
2. The personnel department authorizes changes in employ
Chapter 3Ethics, Fraud, and Internal Control
1. The ethical principle of justice asserts that the benefits of the decision should be distributed fairly to
those who share the risks.
2. The ethical principle of informed consent suggests t
Chapter 4The Revenue Cycle
1. The packing slip is also known as the shipping notice.
2. The bill of lading is a legal contract between the buyer and the seller.
3. Another name for the stock release form is the picking ticket.
Chapter 2Introduction to Transaction Processing
1. Processing more transactions at a lower unit cost makes batch processing more efficient than real-time
2. The process of acquiring raw materials is part of the conversion cycle.
ACCT 302 A
21 February 2012
Mini Test 2: Chapter 24
3. This instrument is not negotiable because it does not complete the following formal
requirements of negotiable instruments: it is not signed by the maker and there was no define