Richardson, Chang, Smith – Accounting Information Systems, 3rd Edition – Chapter 2
Chapter 2: Accountants as Business Analysts
Multiple Choice Questions
1. e
2. d
3. e
4. e
5. e
6. b
7. d
8. e
9. e
10. c
11. c
12. e
13. d
14. c
15. b
16. a
17. b
18. e
19. d
20. a
21. e
22. e
Discussion Questions
1. The answers will vary according to the student’s background, but it is likely that they will feel
best prepared to use technology and less prepared to design, manage, and evaluate technology.
2. Managing regulatory compliance would involve collection and maintenance of a wide variety of
information. First, organizations would have to collect requirement information. Then, they
would have collected process information to identify where process activities must comply with
regulations. Finally, they would have ongoing collection of process performance data to ensure
continued compliance and reporting.
3. The answer to this question depends on the individual but most students should be forming
foundational and intermediate skills by the time they graduate.
4. The answer to this question depends on the individual but most students should be forming
basic and applied knowledge by the time they graduate.
5. The IMA Competency Framework was a specific section titled Technology & Analytics so at first
glance, students are more likely to say the IMA framework emphasizes technology more.
However, technology and analytical skills are implicit in many of the topics.
, Richardson, Chang, Smith – Accounting Information Systems, 3rd Edition – Chapter 2
6. If students search for the word: processes in the IMA Competency Framework document, they
will find it on almost every page. This is a good opportunity to discuss the importance of
processes and process documentation to accounting and business functions.
7. The CGMA Competency Framework foundational skills require basic understanding of business
structure, operations and financial performance. Almost every skill could be facilitated by
business models, so this is an opportunity to select a skill and discuss how or why models could
aid the development of that skill.
8. Student responses will vary depending on their experience, but most will mention training, SOX
compliance, regulatory compliance, identifying and collecting process performance information,
aiding audits, and so on.
9. BPMN diagrams serve similar purposes to flowcharts. The following table compares basic
symbols and shows the similarities. The BPMN symbols have more capability to handle events
and the Gateways are more flexible that the flowchart decision symbol. The extended list of
symbols in the chapter shows that many flowchart symbols are closely tied to specific and
outdated data processing methods, whereas the BPMN symbols are independent of the
technology.
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