SOLUTIONS TO EXERCISES
EXERCISE 14-1 (15-20 minutes) (a)Valuation account relating to the long-term liability, bonds payable (sometimes referred to as an adjunct account). The $3,000 would continue to be reported as long-term. (b)Current liability if curr
Describe the basic business activities and related information
processing operations performed in the revenue cycle.
Discuss the key decisions that need to be made in the revenue cycle,
and identify the information needed to make tho
Computer Controls for Organizations and
Accounting Information Systems
Enterprise Level Controls
General Controls for Information Technology
Application Controls for Transaction Processing
Enterprise Level Controls
Consistent policies an
CAST: The Manual AIS
THE MANUAL ACCOUNTING
The Winery at Chateau Americana
Recognize and prepare common business documents
Recognize and understand common control activities designed to capture,
summarize, and report business a
Basics of Internal Controls what are they?
Practical applications to your current processes
Internal Control Basics
What are internal controls?
INTERNAL CONTROL is a process, effec
Prepare and use flowcharts to understand, evaluate,
and document information systems.
Prepare and use data flow diagrams to understand,
evaluate, and document information systems.
Prepare and use business process diagrams to
What are they?
What Is Internal Control
INTERNAL CONTROLS are the integration of the activities,
plans, attitudes, policies and efforts of the people of an
organization working together to provide reasonable
Note: Some third party utilities, macros and add-ins can overwrite native sh
Insert a comment
ACC 301 Chapter 21 Homework Accounting for Leases
Q21 1. What are the major lessor groups in the United States? What advantage does a captive have in
a leasing arrangement?
The major lessor groups in the United States are banks, captives, and independents
Accounting Fraud &
Explain the threats faced by modern information systems.
Define fraud and describe both the different types of fraud and the process one
follows to perpetuate a fraud.
Discuss who perpetrates fraud and why it occu
Subject: Wellcare Health Plans
Potential Investor, I would like to inform you more about Wellcare Health Plans before you make
your decision on whether to invest or not. Wellcare Health Plans began op
Computer Applications in Accounting
Security for Transaction/Information Processing
Security for Transaction
Every firm must define, identify, and isolate frequently occurring hazards
that threaten its hardware, softwar
Chapter 17 Homework: Investments
Q17- 1. Distinguish between a debt security and an equity security.
A debt security represents a creditor relationship with another entity. Debt securities include
U.S. government securities, municipal securities, corporat
IT Security Controls
How does information security affects information
Discuss how a combination of preventive, detective,
and corrective controls can be employed to provide
reasonable assurance about the security of an
CHAPTER 3 - COST ACCOUNTING CYCLE
Problem 1 - QUEEN MANUFACTURING CORPORATION
1. Direct materials used
Factory overhead (1,100,000 X 70%)
Total manufacturing cost 2,820,000
Work in process, January 1