Exam 8: General Ledger, Financial Reporting, and Management Reporting Systems

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The _______________________________ principle suggests that management should structure the firm around the work it performs rather than around individuals with unique skills.

(Short Answer)

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Question 61

List and explain the six basic files in the general ledger database.

(Essay)

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Question 62

__________________________ refers to the number of subordinates directly under a manager's control.

(Short Answer)

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Question 63

Contrast the four decision types,strategic planning,tactical planning,management control and operational control,by the four decision characteristics,time frame,scope,level of details,recurrence,and certainty.

(Essay)

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Question 64

List two duties that the general ledger clerk should not perform.

(Essay)

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Question 65

A report is said to have information content if it eliminates uncertainty associated with a problem facing the decision maker.

(True/False)

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Question 66

Which steps in the Financial Accounting Process are in the correct sequence?

(Multiple Choice)

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Question 67

An income statement is an example of an XBRL instance document.

(True/False)

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Question 68

The difference between the actual performance and the standard is called the __________________________.

(Short Answer)

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Question 69

Which best describes a batch process General Ledger System (GLS)

(Multiple Choice)

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Question 70

If a manager delegates responsibility to a subordinate,he or she must also grant the subordinate authority to make decisions.

(True/False)

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Question 71

The responsibility center file is primarily used by the Financial Reporting System.

(True/False)

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Question 72

When evaluating decision alternatives,one option is to take no action.

(True/False)

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Question 73

Primary recipients of financial statement information are internal management.

(True/False)

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Question 74

The formalization of tasks principle suggests that management should structure the firm around the unique skills sets of key individuals.

(True/False)

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Question 75

Each account in the chart of accounts has a separate record in the general ledger master file.

(True/False)

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Question 76

All of the following are elements of operational control decisions except

(Multiple Choice)

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Question 77

Which statement is not true? Responsibility accounting

(Multiple Choice)

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Question 78

What three elements must be present for a problem to be "structured?"

(Short Answer)

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Question 79

Management reporting is often called discretionary reporting because it is not mandated as is financial reporting.

(True/False)

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Question 80

Showing 61 - 80 of 94

The _______________________________ principle suggests that management should structure the firm around the work it performs rather than around individuals with unique skills.

List and explain the six basic files in the general ledger database.

__________________________ refers to the number of subordinates directly under a manager's control.

Contrast the four decision types,strategic planning,tactical planning,management control and operational control,by the four decision characteristics,time frame,scope,level of details,recurrence,and certainty.

List two duties that the general ledger clerk should not perform.

A report is said to have information content if it eliminates uncertainty associated with a problem facing the decision maker.

Which steps in the Financial Accounting Process are in the correct sequence?

An income statement is an example of an XBRL instance document.

The difference between the actual performance and the standard is called the __________________________.

Which best describes a batch process General Ledger System (GLS)

If a manager delegates responsibility to a subordinate,he or she must also grant the subordinate authority to make decisions.

The responsibility center file is primarily used by the Financial Reporting System.

When evaluating decision alternatives,one option is to take no action.

Primary recipients of financial statement information are internal management.

The formalization of tasks principle suggests that management should structure the firm around the unique skills sets of key individuals.

Each account in the chart of accounts has a separate record in the general ledger master file.

All of the following are elements of operational control decisions except

Which statement is not true? Responsibility accounting

What three elements must be present for a problem to be "structured?"

Management reporting is often called discretionary reporting because it is not mandated as is financial reporting.

The Information System: An Accountant’s Perspective

Introduction to Transaction Processing

Ethics, Fraud, and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part II: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

Database Management Systems

The REA Approach to Business Process Modeling

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Construct, Deliver, and Maintain Systems Projects

IT Controls : Sarbanes-Oxley and IT Governance

IT Controls : Security and Access

IT Controls : Systems Development Program Changes and Application Controls

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