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ACTG 339 TEST WITH COMPLETE SOLUTION
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Types of flow charts - Answer Systems, process and documentation flowcharts systems flowchart - Answer An overall view of the system, including the inputs, activities and outputs of the process. Doesn't show areas of responsibility. Process maps - Answer Represent the steps with a business process using the flowchart symbols document flowchart - Answer illustrates the flow of documents through an entity, often describing the areas of responsibility for particular tasks. Flowchart - Answer Visualization of a process activity Building blocks of flow chart - Answer Begin with start and end Task/ activity are in the middle Decisions: modeled as diamonds with multiple exits Flow lines - Answer Used to connect the symbols on the document flow chart Arrows are used when the documents or information flow is not left to right or top to bottom. Area of responsibility - Answer Displayed to enable the flowchart reader to clearly identify changes in responsibility as the documents flow through the system. Represented by segmenting and labeling columns. May be departments, sections or individual employees within a depertment Preparation convention - Answer Must have "cradle to grave" or beginning and ending Must flow to:
REA diagrams, and entity-relationship diagrams as the same thing Now accountants take an active role in - Answer 1. Helping enterprises optimize processes
Types of business models - Answer Business Process Models, Activity Models, Structure Models, Business Rules Value of Business Models - Answer Graphical representations present information more concisely and clearly than a written description Manage complexity by incorporating only the essential elements
Attributes - Answer data elements that describe the characteristics of instances in a class Include the primary keys, foreign keys that support the links between classes shown in associations and other data elements for each class. Primary keys - Answer an attribute or combination of attributes that uniquely identifies each instance in a class or row in a table. CANT BE NULL (BLANK) Assign primary keys using sequential numbers Foreign keys - Answer An attribute or combination of attributes that allows tables to be linked together Structured Query Language (SQL) - Answer computer language designed to query data in a relational database. Segregation of Duties - Answer separating three main functions and having them conducted by different employees:
**- Being able to authorize the use of assets