For more course tutorials visit www.newtonhelp.com ACC 542 Week 1 Organizational Report to Stakeholders Case Study 1-22, p. 29 ACC 542 Week 2 Case Study Stingy Upstate University Case Study 5-27

1. ACC 542 All Assignments (100% Score)
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ACC 542 Week 1 Organizational Report to Stakeholders Case Study 1-
22, p. 29
ACC 542 Week 2 Case Study Stingy Upstate University Case Study 5-
27
ACC 542 Week 3 Ian’s Place Case Study 7-20
ACC 542 Week 4 Mar-Bal’s New ERP System
ACC 542 Week 5 Case Study 13-19 West End Boutique Analysis
ACC 542 Week 6 Case Study Tiffany Martin
ACC 542 Week 3 Quiz
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ACC 542 Week 1 Organizational Report to Stakeholders Case
Study 1-22, p. 29
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ACC 542 Week 1 Organizational Report to Stakeholders Case Study 1-
22, p. 29
1. The mission of the US Securities and Exchange Commission (SEC) is
to protect investors, maintain fair, orderly, and efficient markets, and
facilitate capital formation. Identify several ways that the SEC
accomplishes its mission.
2. The goal of preparing an annual report is to communicate information
from a company to its targeted users.
(a) Identify and discuss the basic factors of communication that must be
considered in the presentation of this information.(b) Discuss the
communication problems a company faces in preparing the annual report
due to the diversity of the users being addressed.
3. Select two types of information found in an annual report, other than
the financial statements and accompanying footnotes, and describe how
they are useful to the users of annual reports.
4. Discuss at least two advantages and two disadvantages of stating
well-defined corporate strategies in the annual report.
5. Evaluate the effectiveness of annual reports in fulfilling the
information needs of the following current and potential users:
6. Annual reports are public and accessible to anyone, including
competitors. Discuss how this affects decisions about what information
should be provided in annual reports.

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ACC 542 Week 2 Case Study Stingy Upstate University Case
Study 5-27
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5-27. Stingy Upstate University (Process Maps, Decision Tables, and
Decision Trees)
The approval rules for reimbursing those faculty members at Upstate
University who attend professional conferences are somewhat
complicated, and in the opinion of most, “hardly generous.†• For
example, the maximum allowed for breakfast, lunch, or dinner is $8,
$10, and $12, respectively. In addition, no reimbursements are made for
breakfast if the traveler leaves home after 10 a.m., for lunch if the
traveler leaves home after 2 p.m., or for dinner if the traveler leaves
home after 8 p.m. Finally, no reimbursements are made for “business
lunches†• or similar meals if their costs are included as part of the
conference registration fee.
When Upstate University faculty file for travel reimbursements, they
must file a form that requests the time they left home and the time they
left the hotel to return home. They must also provide a copy of their

4. conference registration receipt, showing what meals were included in the
program.
Requirements
1. 1. Develop a process map that displays the logic for deciding whether
or not a given meal should be reimbursed.
2. 2. Develop a decision table for these same reimbursement rules.
3. 3. Develop a decision tree for these same reimbursement rules.
4. 4. Which documentation method do you most prefer and why?
5. 5. Marsha Tightfist (“the travel Nazi†•) approves or denies
travel reimbursements at Upstate University. She gets paid $50,000 a
year, reviews all requests for travel reimbursements, and denies those
that violate these rules. What calculations would you make to determine
whether or not her salary is money well spent?
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ACC 542 Week 3 Ian’s Place Case Study 7-20
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Ian's place sells pet supplies to dog and cat owners. To sell its products,
the marketing department requires sales personnel to call on the pet store
retailers within their assigned geographic territories. Salespeople have an

5. application on their mobile phones that allows them to record sales
orders and send these sales orders directly to the company network for
updating the company's sales order file.
Each day, warehouse personnel review the current sales orders in its file,
and where possible, pick the goods and ready them for shipment. (Ian's
Place ships goods via common carrier, and shipping terms are generally
FOB from the shipping point.) When the shipping department completes
a shipment, it also notifies the billing department, which then prepares
an invoice for the customer. Payment terms vary by customer, but most
are "net 30." When the billing department receives a payment, the billing
clerk credits the customer's account and records the cash received.
Requirements
1. Identify the resources, events, and agents involved in the revenue
process at Ian's Place.
2. Develop an E-R diagram for this process.
3. Design the tables for this revenue process. Note that you will need
tables for each resource, event, and agent, as well as tables for each
many-to-many relationship.
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ACC 542 Week 3 Quiz (100% Score)
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6. Question 1 Employee numbers have all numeric characters. To prevent
the input of alphabetic characters, what technique should be used?
Question 2 A bank wants to reject erroneous checking account numbers
to avoid invalid input. Management of the bank was told that there is a
method that involves adding another number at the end of the account
numbers and subjecting the other numbers to an algorithm to compare
with the extra numbers. What technique is this?
Question 3 First Federal S&L has an online real-time system, with
terminals installed in all of its branches. This system will not accept a
customer’s cash withdrawal instructions in excess of $1,000 without the
use of a "terminal audit key." After the transaction is authorized by a
supervisor, the bank teller then processes the transaction with the audit
key. This control can be strengthened by
Question 4 Which of the following is a computer test made to ascertain
whether a given characteristic belongs to the group?
Question 5 A brokerage firm has changed a program so as to permit
higher transaction volumes. After proper testing of the change, the
revised programs were authorized and copied to the production library.
This practice is an example of
Question 6 In a daily computer run to update checking account balances
and print out basic details on any customer’s account that was
overdrawn, the overdrawn account of the computer programmer was
never printed. Which of the following control procedures would have
been most effective in detecting this fraud?

7. Question 7 In updating a computerized accounts receivable file, which
one of the following would be used as a batch control to verify the
accuracy of the total credit posting?
Question 8 A computer input control is designed to ensure that
Question 9 Which of the following is a critical success factor in data
mining a large data store?
Question 10 Which of the following items would be most critical to
include in a systems specification document for a financial report?
Question 11 ABC, Inc. assessed overall risks of MIS systems projects
on two standard criteria: technology used and design structure. The
following systems projects have been assessed on these risk criteria.
Which of the following projects holds the highest risk to ABC?
Question 12 In which of the following phases of computer system
development would training occur?
Question 13 Which of the following structures refers to the collection
of data for all vendors in a relational data base?
Question 14 Which of the following is a primary function of a
database management system?
Question 15 Which of the following is not true? Relational databases
Question 16 Which of the following terms best describes a payroll
system?
Question 17 Most client/server applications operate on a three-tiered
architecture consisting of which of the following layers?
Question 18 A data warehouse in an example of

8. Question 19 Which of the following is considered an application input
control?
Question 20 An accounts payable clerk is accused of making
unauthorized changes to previous payments to a vendor. Proof could be
uncovered in which of the following places?
Question 21 An employee mistakenly enters April 31 in the date field.
Which of the following programmed edit checks offers the best solution
for detecting this error?
Question 22 Which of the following input controls would prevent an
incorrect state abbreviation from being accepted as legitimate data?
Question 23 Which of the following controls would assist in detecting
an error when the data input clerk records a sales invoice as $12.99
when the actual amount is $122.99?
Question 24 A validation check used to determine if a quantity ordered
field contains only numbers is an example of a (n)
Question 25 An input clerk enters a person’s employee number. The
computer responds with a message that reads
“Employee number that you entered is NOT assigned to an active
employee. Please reenter.” What technique is the computer using?
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ACC 542 Week 4 Mar-Bal’s New ERP System
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9. 12-22. Mar-Bal's New ERP System (Analyzing an ERP Study and
Implementation)
Access the full case story of Mar-Bal Company (the AIS-at-Work for
this chapter) at www.iqms.com. Then, respond to each of the following
requirements:
Requirements
1. Review the items in Figure 12-10, which lists indicators that a
company may need a new or upgraded processing system. For each item,
provide a specific example from the case description. If the case does
not address a particular item or it does not seem to apply, simply state
"NA."
2. Review the items listed in Figure 12-9, which lists possible measures
of the value of an ERP. For each item, provide a specific example from
the case description. If the case does not address a particular item or it
does not seem to apply, simply state "NA."
3. What are some of the intangible benefits Mar-Bal appears to enjoy
from its new ERP system? Create a list with brief explanations.
4. Mal-Bar's case does not explicitly address the issue of business
process engineering (BPR) that often happens when organizations install
new ERP systems. Would you guess that none took place, or would you
argue the opposite? Defend your answer.
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10. ACC 542 Week 5 Case Study 13-19 West End Boutique
Analysis
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ACC 542 Week 5 Case Study 13-19 West End Boutique Analysis
West End Boutiques
The West End Boutiques company was founded by Libbie Williams in
1990 with a single store in College Station, Texas, and the company now
has 21 shops located in the triangle of Dallas, San Antonio, and Austin,
Texas. Libbie was an accounting major in college, passed the entire CPA
exam in her first attempt with high scores, and worked for one of the
large CPA firms for 11 years prior to opening her first store. Based on
her work experience, she fully understands the value of strong internal
controls. Further, she recently selected a state-of-the art accounting
system that connects all of her stores' financial transactions and reports.
Libbie employs two internal auditors who monitor internal controls and
also search for ways to improve operational effectiveness. As part of the
monitoring process, the internal auditors take turns conducting periodic
reviews of the accounting records. For instance, the company takes a
physical inventory at all stores once each year and an internal auditor
oversees the process. Chris Domain, the most senior internal auditor, just

11. completed a review of the accounting records and discovered several
items of concern. These were:
• Physical inventory counts varied from inventory book amounts by
more than 6% at two of the stores. In both cases, physical inventory was
lower.
• Two of the stores seem to have an unusually high amount of sales
returns for cash.
• In 9 of the stores, gross profit has dropped significantly from the same
time last year.
• At 4 of the stores, bank deposit slips did not match cash receipts.
• One of the stores had an unusual number of bounced checks. It
appeared that the same employee was responsible for approving each of
the bounced checks.
• In 7 of the stores, the amount of petty cash on hand did not correspond
to the amount in the petty cash account.
Requirements
1. For each of these concerns, identify a risk that may have created the
problem.
2. Recommend an internal control procedure to prevent the problem in
the future.
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ACC 542 Week 6 Case Study Tiffany Martin
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14- 16. Tiffany Martin, CPA ( Information Technology Audit Skills)
Tiffany Martin is an audit manager in a medium- sized public
accounting firm. Tiffany graduated from college seven years ago with a
degree in accounting. She obtained her CPA certification soon after she
joined the firm where she currently works. Tiffany is a financial auditor;
she has had little training in auditing computerized information systems.
The current engagement Tiffany is working on includes a complex
information process-ing system with multiple applications. The financial
accounting transactions are processed on server. The IT department
employs 25 personnel, including programmers, systems analysts, a
database administrator, computer operators, technical support personnel,
and a director. Tiffany has not spoken with anyone in the department
because she is fearful that her lack of technical knowledge relative to IT
will cause some concern with the client.
Because Tiffany does not understand the complexities of the computer
processing environment, she is unable to determine what risks might
result from the computerized system’s operations. She is particularly
worried about unauthorized changes to programs and data that would
affect the reliability of the financial statements.
Tiffany has spoken to Dick Stanton, the partner who has responsibility
for this audit client, about her concerns. Dick has suggested that Tiffany
conduct more substantive testing than she would undertake in a less
complex processing environment. This additional testing will hopefully

13. ensure that there are no errors or fraud associated with the computer
processing of the financial statements.
Requirements:
1. Do you think that Dick Stanton’s suggested approach is the most
efficient way to control risks associated with complex computer
environments?
2. How should Tiffany respond to Dick’s suggestion?
3. What can a public accounting firm, such as the one in which Tiffany
works, do to ensure that audits of computerized accounting information
systems are conducted efficiently and effectively?
4. Should Tiffany be allowed to conduct this audit given her limited
level of skills? How might she acquire new skills?
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