Blog

Kai Keoni has created custom statues made out of scrap metal for over ten years. He lives above his shop in Martha’s Vineyard, Maryland. Kai is an accounting fanatic and has kept detailed records of every statue he has ever created. For every sale, he obtains the customer’s name and address, a description of the statue, and a picture of the statue sold to the customer. His unique style has recently attracted the attention of several celebrities. Ready to take his business to the next level, Kai has hired you to construct an accounting information system, which he wants modeled after his paper records. As you look over his records, you realize that sometimes the same customer is recorded by a slightly different name. For example, Mike Mulligan bought a horse statue, M. Mulligan bought a pig statue, and Mike M. all seem to be the same person. This is an example of what type of problem in the existing records?

When properly deployed, accounting information systems can provide firms with a competitive advantage.

Which statement below regarding the AIS and managerial reports is false?

Cornelia Cassidy is a telecom equipment sales representative. Her company has provided her with a laptop computer that uses wireless connectivity to access the accounting information system from virtually anywhere in the country. She, and other sales reps, have access to view customer and product information. All sales reps also have access that allows them to enter and cancel customer orders. The permissions for Cornelia define a ________ in the company’s database management system.

For a retail business, a delivery of inventory, from a vendor (with whom there is an established credit relationship) would be initially recorded in which type of accounting record as part of which transaction cycle?

Identify the statement below which is true.

The database design method in which a designer uses knowledge about business processes to create a diagram of the elements to be included in the database is called

The correct shape for the triangle labeled “Supplier” in the flowchart below should be a

The question of what the project should and should not accomplish is determined in what step of systems analysis?

Identify the party below that is not external to the firm.