Discuss how the nature of the necessary internal control features is affected by switching from a manual system to (1) a large-scale computer-based accounting system or (2) a PC-based accounting system.

Discuss how the nature of the necessary internal control features is affected by switching from a manual system to (1) a large-scale computer-based accounting system or (2) a PC-based accounting system.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 2Q: Provide an example of how paper-based accounting information systems are different from computerized...

See similar textbooks

Related questions

Q: For each of the changes, discuss the impact on the internal control system and the independent…

A: EDP is the electronic data processing system which is also known Management information system. It…

Q: Outline from your own understanding the roles of the following people in information system audit…

A: Auditing is a process of inspecting the financial accounts of a company in order to determine the…

Q: Which statement is NOT true?a. In a typical two-tier client-server architecture, the server handles…

Q: Differentiate “auditing around the computer” and “auditing through the computer”.

A: Auditing is a process of examining the control system of an organisation so that it can be…

Q: How could a computerized system’s transaction audit trail in an advancedsystem differ from one in a…

A: Audit Trail: The accounting records of an entity are provided in an audit trail. It is used to…

Q: How is a lockout different from a deadlock? Give an accounting example to illustrate why a database…

A: Database Deadlock: Database deadlock is a condition in which no data can be accessed as sites are…

Q: Explain the accounting treatment of costs incurred to develop computer software.

A: Software development costsThe software development costs would be recorded as research and…

Q: What are some feature of integrated Accounting Software programs?

A: Integrated Accounting Software programs are applications that can perform multiple accounting…

Q: .Explain the relation ship between application controls and transaction related audit objectives .…

Q: Explain how internal control can be enhanced through the proper installation of Information…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: What is the purpose of an input device? Give examples of input devices for computer systems.

A: An input device is any piece of equipment used to provide data and control signals to an information…

Q: What control procedures can be used to achieve control over computer operations in an…

Q: Explain why certain duties that are deemed incompatible in a manual system may be combined in a…

A: Computer-Based Information System: Computer-based information system refers to that arrangement…

Q: Which of the following is a characteristic of a relational database system?a. All data within the…

A: Answer: Option c.

Q: a. Create a data flow diagram of the current system. b. Create a system flowchart of the existing…

A: “Hey, since there are multiple sub-parts posted, we will answer first three sub-parts. If you want…

Q: The IS audit function as a whole will normally require which of the following skills: а. Data…

A: Audit is the examination and verification of books of accounts and financial information in order to…

Q: Which of the following statements most likely represents a control consideration for anentity that…

Q: One of the first steps in the creation of a relational database is toa. integrate accounting and…

A: Accounting Information system is a set of components used for gathering, making, storing, preparing,…

Q: What are some of the more common uses of data codes in accounting information systems?

Q: explain the normal process and auditor can would expect to find in the client system governing…

A: Auditing: Auditing refers to the procedure for providing independent report over the presentation…

Q: Describe the errors, irregularities, or misstatements that could occur due to the weaknesses…

Q: Audit approaches to computerized systems – Auditing around and through the computer

A: Audit:- It is means verification of the accounting books whether the company is following the…

Q: Describe the various elements of a computer system and explain the distinctive features of a…

A: The computer system has the following elements 1. Hardware: It includes the monitor, printer,…

Q: For each of the changes, discuss the impact on the internal control system and the independent…

A: "Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: Documentation is required in helping varying degrees of user sophistication in using the information…

A: Accounting software is the software which is used by the company or any business be it a small…

Q: Discuss the key segregation of duties related to computer programs that process accounting…

A: The segregation of duties is an important concept in maintaining the internal control system of the…

Q: Is there a difference between computerized and manual accounting systems? What makes these two…

A: Introduction: The term "computerized accounting system" refers to the use of computer…

Q: Which of the following is an advantage of a computer-based system for transactionprocessing over a…

Q: Accounting information system is usually viewed by many as a stand alone software used to collect,…

A: Computerized accounting includes using the computers and accounting software for recording, storing…

Q: What are some advantages of using a software system versus recording transactions manually (by…

A: computerized accounting involves making use of computers and accounting software to record, and…

Q: List the control features that directly contribute to the security of the computer center…

A: Computer Center: An enterprise established for performing complex and laborious computation tasks by…

Q: CPAs may audit around or through computers in the examination of financial statements of clients who…

A: Auditing means the inspection of financial accounts of the company to determine if the records are…

Q: Which one of the following is not correct in relation to database? Select one: a. Helps in creating…

A: The correct statement regarding database are as under: 1. A database is usually controlled by a…

Q: Describe the duties of systems analysts, programmers, computer operators, data conversion…

A: Duties of system analysts: The system analysts will examine the necessities for the information,…

Q: How are system flowcharts and program flow charts related? (this is related to accounting…

A: System flowcharts refer to the concept of showcasing the whole route of data flows in a system and…

Q: Many companies have part or all of their IT processing done by cloud service providers. Required: a.…

A: A third-party business that provides cloud-based platform, infrastructure, application, or storage…

Q: What are the functions of Xero Accounting Software?

A: Xero Accounting Software is a Software-as-a-Service (SaaS) accounting technology that is mainly…

Q: Management and auditor are concerned about segregation of duties in computer based systems? Why? How…

A: The process or technique implemented by an entity to increase the operational efficiency and…

Q: Match each example with a component of a computerized accounting information system. Components may…

A: component of a computerized accounting information system. Components may be used more than once.:…

Q: Describe the differences between auditing around the computer and auditing through the computer?…

A: Auditing is the process in which the professional called auditor, performs the audit on the client…

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Introduction

VIEW

Manual to a large-scale computer-based system

VIEW

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Why are there so many different accounting information system software packages?
Discuss how the nature of the necessary internal control features is affected by switchingfrom a manual system to a large-scale computer-based accounting system
Revenue Cycle. Discuss how the nature of the necessary internal control features is affected by switching from a manual system to a large-scale computer-based accounting system. а.
What types of unique control problems are created by the use of PC accounting systems?
Discuss the characteristics of a computerized information system that make it different from the manual system.
Describe the differences between auditing around the computer and auditing through the computer? Which one is more effective in a computerized accounting information system? Why?
Computer accounting control procedures are referred to as general or application controls. The primary objective of application controls in a computer environment is toa. ensure that the computer system operates efficiently.b. ensure the validity, completeness, and accuracy of financial transactions.c. provide controls over the electronic functioning of the hardware.d. plan for the protection of the facilities and backup for the systems.
Which is preferable: implementing a manual accounting information system or implementing a computerised accounting information system? What is the procedure for setting up the system?
Define the following accounting terms: 1) Entry - level software 2) Internal control 3) Network - compatible 4) Enterprise resource planning systems 5) Audit trail
Identify two specific IT-related risks in computerized accounting information systems. Propose a strategy that might be implemented to mitigate or eliminate each selected risk. Be sure to effectively support your rationale.
Which is NOT an accountant’s primary role in information systems? a. system user b. system auditor c. system designer d. system programmer