Question 1

A remittance advice generally would be recorded in which of the following pairs of data stores?

Accepted Answer

A)  customer master data and accounts receivable master data 
B)  sales event data and accounts receivable master data 
C)  accounts receivable adjustments data and accounts receivable master data 
D)  cash receipts data and accounts receivable master data 
A)  customer master data and accounts receivable master data 
B)  sales event data and accounts receivable master data 
C)  accounts receivable adjustments data and accounts receivable master data 
D)  cash receipts data and accounts receivable master data

Question 2

The three types of accounts receivable systems discussed in the text are the lockbox,balance-forward,and open-item systems.

Accepted Answer

A) True 
 B)False

Question 3

In a pre-billing system,invoices are prepared:

Accepted Answer

A)  immediately upon acceptance of a customer order 
B)  when there is to be a delay between the time that the order is accepted and the time it is shipped 
C)  where inventory balances can be determined only through physical count 
D)  to improve customer relations 
A)  immediately upon acceptance of a customer order 
B)  when there is to be a delay between the time that the order is accepted and the time it is shipped 
C)  where inventory balances can be determined only through physical count 
D)  to improve customer relations

Question 4

As discussed in the text,the functions of the B/AR/CR process:

Accepted Answer

A)  is identical to those of the order entry/sales process 
B)  supports the problem-solving processes of marketing managers 
C)  collects amounts due from customers 
D)  is unrelated to the functions of the order entry/sales process 
A)  is identical to those of the order entry/sales process 
B)  supports the problem-solving processes of marketing managers 
C)  collects amounts due from customers 
D)  is unrelated to the functions of the order entry/sales process

Question 5

The control plan ______________________________ establishes for the billing personnel that the shipment is supported by an actual sales order.

Accepted Answer

independen

Question 6

Below is the narrative for the "Receive payment" portion of the B/AR/CR process.
Narrative Description
The payment and remittance advice data triggers the receive payment process.Upon receipt of the payment and RA from the bank,process 3.1 first validates the remittance by comparing the payment to the RA.Mismatches are rejected for later processing.If the payment and RA agree,the validated remittance is sent to process 3.2,which uses the RA to update the accounts receivable master data to reflect the customer's payment and records the collection in the cash receipts events data,and notifies the general ledger process of the amount of the cash deposited.This is an immediate update of the GL for a single cash receipt.
Required:
From the DFD in TB Figure 11.7 and the narrative description above,explode bubble 3.0 into a lower-level diagram showing the details of that process.

Accepted Answer

The answer of Below is the narrative for the "Receive...

Question 7

The acronym ACH stands for ______________________________.

Accepted Answer

automated

Question 8

The following is a list of 10 control plans:
   
Required:
Listed below are ten statements describing either the achievement of a control goal (i.e. ,a system success)or a system deficiency (i.e. ,a system failure).On the answer line to the left of each description,insert the capital letter from the list above of the best control plan to achieve the desired goal or to address the system deficiency described.A letter should be used only once.

Accepted Answer

The answer of The following is a list of 10...

Question 9

The B/AR/CR process completes the:

Accepted Answer

A)  billing process 
B)  production process 
C)  order-to-cash process 
D)  inventory process 
A)  billing process 
B)  production process 
C)  order-to-cash process 
D)  inventory process

Question 10

Typically,the operations process goals of the B/AR/CR:

Accepted Answer

A)  vary,depending on the organization and its particular view of these processes 
B)  remain the same for all organizations 
C)  vary inversely with the information process goals 
D)  are the same as the information process goals 
A)  vary,depending on the organization and its particular view of these processes 
B)  remain the same for all organizations 
C)  vary inversely with the information process goals 
D)  are the same as the information process goals

Question 11

Database systems are Internet based systems for sending bills/invoices to customers and receiving the customer payment electronically.

Accepted Answer

A) True 
 B)False

Question 12

The ______________________________ network is one of the earliest and most prominent methods for EFT in which the collector's bank account is credited and the payer's bank account is debited for the amount of a payment.

Accepted Answer

automated clearing h

Question 13

A(n)______________________________ is a form of payment authorizing the collector to transfer funds electronically from the payer's bank account to the collector's bank account.

Accepted Answer

The answer of A(n)______________________________ is a form of payment authorizing...

Question 14

Which of the following is not part of the horizontal information flows of the B/AR/CR process?

Accepted Answer

A)  accounts receivable aging report 
B)  customer payment 
C)  bank deposit 
D)  customer invoice 
A)  accounts receivable aging report 
B)  customer payment 
C)  bank deposit 
D)  customer invoice

Question 15

In a logical DFD for a B/AR/CR process,which of the following data stores would you expect to interact with a process called "manage customer accounts"?

Accepted Answer

A)  inventory master data 
B)  accounts receivable master data 
C)  sales event data 
D)  cash receipts event data 
A)  inventory master data 
B)  accounts receivable master data 
C)  sales event data 
D)  cash receipts event data

Question 16

The B/AR/CR process completes the order to cash process by accomplishing the activities of: ______________________________,managing customer accounts,and securing payment for goods or services rendered.

Accepted Answer

The answer of The B/AR/CR process completes the order to...

Question 17

Which of the following process bubbles (i.e. ,activities)would you not expect to see in the logical DFD for a B/AR/CR process?

Accepted Answer

A)  perform billing 
B)  requisition inventory 
C)  receive customer payment 
D)  manage customer accounts 
A)  perform billing 
B)  requisition inventory 
C)  receive customer payment 
D)  manage customer accounts

Question 18

A debit card is a method of payment whereby a third party,for a fee,removes from the collector the risk of non-collection of the account receivable.

Accepted Answer

A) True 
 B)False

Question 19

The accounts receivable system in which all the accounts receivable master data contains individual open invoices,against which payments and other adjustments are applied:

Accepted Answer

A)  pre-billing system 
B)  open-item system 
C)  balance-forward system 
D)  post-billing system 
A)  pre-billing system 
B)  open-item system 
C)  balance-forward system 
D)  post-billing system

Question 20

______________________________,when applied to cash receipts,is the time between the payment by a customer and the availability of funds on deposit and available for use.

Accepted Answer

The answer of ______________________________,when applied to cash receipts,is the time...

A remittance advice generally would be recorded in which of the following pairs of data stores?

The three types of accounts receivable systems discussed in the text are the lockbox,balance-forward,and open-item systems.

In a pre-billing system,invoices are prepared:

As discussed in the text,the functions of the B/AR/CR process:

The control plan ______________________________ establishes for the billing personnel that the shipment is supported by an actual sales order.

The acronym ACH stands for ______________________________.

The B/AR/CR process completes the:

Typically,the operations process goals of the B/AR/CR:

Database systems are Internet based systems for sending bills/invoices to customers and receiving the customer payment electronically.

The ______________________________ network is one of the earliest and most prominent methods for EFT in which the collector's bank account is credited and the payer's bank account is debited for the amount of a payment.

A(n)______________________________ is a form of payment authorizing the collector to transfer funds electronically from the payer's bank account to the collector's bank account.

Which of the following is not part of the horizontal information flows of the B/AR/CR process?

In a logical DFD for a B/AR/CR process,which of the following data stores would you expect to interact with a process called "manage customer accounts"?

The B/AR/CR process completes the order to cash process by accomplishing the activities of: ______________________________,managing customer accounts,and securing payment for goods or services rendered.

Which of the following process bubbles (i.e. ,activities)would you not expect to see in the logical DFD for a B/AR/CR process?

A debit card is a method of payment whereby a third party,for a fee,removes from the collector the risk of non-collection of the account receivable.

The accounts receivable system in which all the accounts receivable master data contains individual open invoices,against which payments and other adjustments are applied:

______________________________,when applied to cash receipts,is the time between the payment by a customer and the availability of funds on deposit and available for use.

Introduction to Accounting Information Systems

Enterprise Systems

Electronic Business E-Business-Systems

Documenting Information Systems

Database Management Systems

Relational Databases and SQL

Controlling Information Systems: Introduction to Enterprise Risk Management and Internal Control

Controlling Information Systems: Introduction to Pervasive Controls

Controlling Information Systems: Business Process and Application Controls

The Order Entrysales Oesprocess

The Purchasing Process

The Accounts Payablecash Disbursements Apcdprocess

The Human Resources Process Hrmanagement and Payroll Processes

Integrated Production Processes IPP

The General Ledger and Business Reporting Glbrprocess

Acquiring and Implementing Accounting Information Systems

Filters

Exam 11: The Billingaccounts Receivablecash Receipts Barcrprocess

A remittance advice generally would be recorded in which of the following pairs of data stores?

The three types of accounts receivable systems discussed in the text are the lockbox,balance-forward,and open-item systems.

In a pre-billing system,invoices are prepared:

As discussed in the text,the functions of the B/AR/CR process:

The control plan ______________________________ establishes for the billing personnel that the shipment is supported by an actual sales order.

The acronym ACH stands for ______________________________.

The B/AR/CR process completes the:

Typically,the operations process goals of the B/AR/CR:

Database systems are Internet based systems for sending bills/invoices to customers and receiving the customer payment electronically.

The ______________________________ network is one of the earliest and most prominent methods for EFT in which the collector's bank account is credited and the payer's bank account is debited for the amount of a payment.

A(n)______________________________ is a form of payment authorizing the collector to transfer funds electronically from the payer's bank account to the collector's bank account.

Which of the following is not part of the horizontal information flows of the B/AR/CR process?

In a logical DFD for a B/AR/CR process,which of the following data stores would you expect to interact with a process called "manage customer accounts"?

The B/AR/CR process completes the order to cash process by accomplishing the activities of: ______________________________,managing customer accounts,and securing payment for goods or services rendered.

Which of the following process bubbles (i.e. ,activities)would you not expect to see in the logical DFD for a B/AR/CR process?

A debit card is a method of payment whereby a third party,for a fee,removes from the collector the risk of non-collection of the account receivable.

The accounts receivable system in which all the accounts receivable master data contains individual open invoices,against which payments and other adjustments are applied:

______________________________,when applied to cash receipts,is the time between the payment by a customer and the availability of funds on deposit and available for use.

Introduction to Accounting Information Systems

Enterprise Systems

Electronic Business E-Business-Systems

Documenting Information Systems

Database Management Systems

Relational Databases and SQL

Controlling Information Systems: Introduction to Enterprise Risk Management and Internal Control

Controlling Information Systems: Introduction to Pervasive Controls

Controlling Information Systems: Business Process and Application Controls

The Order Entrysales Oesprocess

The Purchasing Process

The Accounts Payablecash Disbursements Apcdprocess

The Human Resources Process Hrmanagement and Payroll Processes

Integrated Production Processes IPP

The General Ledger and Business Reporting Glbrprocess

Acquiring and Implementing Accounting Information Systems

Filters