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Solutions Manual for Accounting Information Systems, 16th Edition Romney (All Chapters included) ||Complete A+ Guide $17.99
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Solutions Manual for Accounting Information Systems, 16th Edition Romney (All Chapters included) ||Complete A+ Guide
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Solutions Manual for Accounting Information Systems, 16th Edition Romney (All Chapters included) ||Complete A+ Guide

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  • October 22, 2024
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SOLUTIONS MANUAL f f




Accounting Information Systems f f




16th Edition Romney;Steinbart;Summers; Wood, Chapters 1 -
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24, Complete
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TABLE OF CONTENTS
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PART 1: CONCEPTUAL FOUNDATIONS OF ACCOUNTING INFORMATION SYSTEMS
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1. Accounting Information Systems: An Overview f f f f




2. Overview of Transaction Processing and Enterprise Resource Planning Systems
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3. Systems Documentation Techniques
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PART 2: DATA ANALYTICS
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4. Relational Databases f




5. Introduction to Data Analytics in Accounting f f f f f




6. Transforming Data f




7. Data Analysis and Presentation
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PART 3: CONTROL OF ACCOUNTING INFORMATION SYSTEMS
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8. Fraud and Errorsf f




9. Computer Fraud and Abuse Techniques f f f f




10. Control and Accounting Information Systems
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,11. Controls for Information Security
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12. Confidentiality and Privacy Controls f f f




13. Processing Integrity and Availability Controls
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PART 4: ACCOUNTING INFORMATION SYSTEMS APPLICATIONS
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14. The Revenue Cycle: Sales to Cash Collections
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15. The Expenditure Cycle: Purchasing to Cash Disbursements
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16. The Production Cycle
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17. The Human Resources Management and Payroll Cycle
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18. General Ledger and Reporting System
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PART 5: THE REA DATA MODEL
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19. Database Design Using the REA Data Model
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20. Implementing an REA Model in a Relational Database f f f f f f f




21. Special Topics in REA Modeling
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PART 6: THE SYSTEMS DEVELOPMENT PROCESS
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22. Introduction to Systems Development and Systems Analysis
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23. AIS Development Strategies
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24. Systems Design, Implementation, and Operation
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,chapter 1 f




accounting information systems: An overview
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Suggested Answers to Discussion Questions
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1.1 The value of information is the difference between the benefits realized from using that
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information and the costs of producing it. Would you, or any organization, ever produce
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information if its expected costs exceeded its benefits? If so, provide some examples. If not,
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why?
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Most organizations produce information only if its value exceeds its cost. However, there are two
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situations where information may be produced even if its cost exceeds its value.
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a. It is often difficult to estimate accurately the value of information and the cost of
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producing it. Therefore, organizations may produce information that they expect will produce
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benefits in excess of its costs, only to be disappointed after the fact.
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b. Production of the information may be mandated by either a government agency or a
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private organization. Examples include the tax reports required by the IRS and disclosure
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requirements for financial reporting.
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, 1.2 Can the characteristics of useful information listed in Table 1-1 be met simultaneously? Or
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does achieving one mean sacrificing another?
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Several of the criteria in Table 1.1 can be met simultaneously. For example, more timely
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information is also likely to be more relevant. Verifiable information is likely to be more accurate.
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However, achieving one objective may require sacrificing another. For example, ensuring that
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information is more complete may reduce its timeliness. Similarly, increased verifiability and
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accuracy may reduce its timeliness.
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The decision maker must decide which trade-offs are warranted in each situation.
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1.3 You and a few of your classmates decided to become entrepreneurs. You came up with a
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great idea for a new mobile phone application that you think will make lots of money. Your
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business plan won second place in a local competition, and you are using the $10,000 prize to
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support yourselves as you start your company.
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a. Identify the key decisions you need to make to be successful entrepreneurs, the
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information you need to make them, and the business processes you will need to engage in.
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b. Your company will need to exchange information with various external parties. Identify
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the external parties, and specify the information received from and sent to each of them.
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The author turns this question into an in-class group activity. Students are divided up in groups,
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told to close their books, and given 15 minutes to:
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