ACCOUNTING 101 MIDTERM EXAMINATION 1. Which of the following is the correct accounting equation? A) Assets + Liabilities = Owner’s equity B) Assets = Liabilities + Owner’s equity C) Assets + Revenue = Owner’s equity D) Assets + Revenue = Liabilities + Expenses 2. Which of the following financial statements shows the changes in capital during a period of time? A) Income statement B) Statement of owner’s equity C) Statement of cash flows D) Balance sheet 3
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Page 1 of 15 CEBU CPAR CENTER Mandaue City‚ Cebu AUDITING THEORY AUDITING IN A COMPUTER INFORMATION SYSTEMS (CIS) ENVIRONMENT Related PSAs/PAPSs: PSA 401; PAPS 1001‚ 1002‚ 1003‚ 1008 and 1009 PSA 401 – Auditing in a Computer Information Systems (CIS) Environment 1. Which statement is incorrect when auditing in a CIS environment? a. A CIS environment exists when a computer of any type or size is involved in the processing by the entity of financial information of significance to the audit
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Assignment 2: Scope and Time Management Gabrielle Meeks Instructor: Dr. Stephen Huber CIS517: IT Project Management February 3‚ 2013 Strayer University Summarize how this activity improves the chances of your future IT project being a success. Given that the IT project in scope‚ i.e. installation of 10 wireless access points in the company is a complex undertaking it would impact a lot of stakeholders and also incur a lot of company resources. It is very important that
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1. What do you think when you read claims in a newspaper or magazine that seem to be unsubstantiated? When reading claims in a newspaper or magazine that seem to be unsubstantiated I often get annoyed and provoked. I strongly believe that writers are and should be responsible for what they are putting in their writing. They should make sure that the information given to the readers are true and reliable. I have such a strong and negative reaction‚ because some people may read that magazine
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1. Distinguish between internal control in a CIS environment and in non-CIS environment. A CIS environment exists when a computer of any type or size is involved in the processing by the entity of financial information of significance to the audit; whether that computer is operated by the entity or by a third party. Many of the control procedures used in manual processing also apply in a CIS environment. Examples of such control procedures include authorization of transaction‚ proper segregation
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Assignment 2: Logical Design‚ Part 1 Professor Cohen CIS-111 April 15‚ 2013 Advantages of Relational Model The relational model would provide Acme Global with a better understanding of the data needs of their organization. A Relational model offers data independence and efficient access. “The conceptual and external schemas provide independence from physical storage decisions and logical design decisions respectively.” (Ramakrishnan‚ 2007) “The benefits of using the relational model would
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Assignment 4: Communication Strategies of a Project Tonesha Gadson Strayer University Project Management (BUS 517) Dr. Lucinda Blue November 29th‚ 2012 Explain the nature of the situation and its potential impact to the project’s success In a project‚ project managers do more than just putting out fires and keeping the project on track. They also innovate and adapt to ever-changing circumstances (Larson & Gray‚ 2012). With
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CIS 276 February 5th‚ 2013 1.What is meant by data redundancy? Data redundancy is a situation that occurs within database systems and involves the unintentional creation of duplicated data that is not necessary to the function of the database. 2.What problems are associated with data redundancy? 3.What is an entity? An entity is a person‚ place‚ object‚ event‚ or idea for which you want to store and process data. An attribute‚ field‚ or column is a characteristic or property of an entity.
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Opening Case Questions 1. Evaluate how Apple can gain business intelligence through the implementation of a customer relationship management system. -Apple can gain business intelligence through the implementation of a customer relationship management system because customer relationship management systems are designed to manage every aspect of the relationship between the organization and the customer. By implementing a customer relationship management system‚ Apple will have full insight on the
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Cis 515week 3 University Management Software CIS 515 Strayer University Abstract This study examines the requirements for a consolidation strategy to centralize all student records for a prestigious university. As a result‚ this study will develop a data model to retain student records and allow data extraction and load processes‚ formulate a data structure entity relationship model for the data structure‚ show how business intelligence reports can help the university and examine and recommend
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