ACTG 339 TEST WITH COMPLETE SOLUTION, Exams of Advanced Education

ACTG 339 TEST WITH COMPLETE SOLUTION

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2024/2025

Available from 07/02/2025

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ACTG 339 TEST WITH
COMPLETE SOLUTION
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:
1. Permanent file symbol
2. Symbol denoting an exit from the system
3. Off page connector
4. Document destruction symbol
Keep flowcharts uncluttered, progress is clear, and complete
Entity Relationship Diagram - Answer Treat UML class models,
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ACTG 339 TEST WITH

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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:

  1. Permanent file symbol
  2. Symbol denoting an exit from the system
  3. Off page connector
  4. Document destruction symbol Keep flowcharts uncluttered, progress is clear, and complete Entity Relationship Diagram - Answer Treat UML class models,

REA diagrams, and entity-relationship diagrams as the same thing Now accountants take an active role in - Answer 1. Helping enterprises optimize processes

  1. Achieving competitive advantage
  2. Maximize shareholder value Business Process - Answer A defined sequence of business activities that use resources to transform specific inputs into specific outputs to achieve a business goal. business analysis - Answer process of defining business process requirements and evaluating potential improvements. business model - Answer simple abstract representation of one or more business processes. Documentation - Answer explains how business processes and business systems work; a tool for information transmission and communication Sarbanes-Oxley Act of 2002 - Answer -Made documentation essential for businesses -Requires managers to assess and attest to the business's internal control structure and procedures -Requires external auditors to audit management's assessment of the effectiveness of internal controls and express an opinion on the company's internal control over financial reporting Importance of business process documentation - Answer 1. Facilitates process improvement

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

  • Having custody of assets
  • Recordkeeping of assets** Type Images for Categorical Information - Answer apply guidelines, constraints, and descriptive information to their resources, events, and agents to help manage the business process