ACCT 571 DeVry Entire Course

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Controls are adequate under the current system.
Question 6. Question : (TCO D) In billing and accounts receivable, what documents are commonly used?
Question 7. Question : (TCO D) How can information technology be used to improve the vendor invoice approval
process? Points Received: 0 of 5 Comments:
ACCT 571 DeVry Week 5 Quiz
(TCO E) A __________ authorizes the transfer of raw goods needed for production from the storeroom to the
production facilities.
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master production schedule
materials requisition
move ticket
production order
Question 2. Question : (TCO E) Labor productivity is measured by the average product of labor; i.e., the quantity
produced divided by the labor time required to produce it. All other things held constant, an increase in labor productivity
will increase throughput by
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increasing productive capacity.
increasing productive processing time.
increasing yield.
increasing all components of throughput.
Question 3. Question : (TCO E) Theft or fraudulent distribution of payroll checks is a potential threat to the
payroll processing activity. What is one control that can be implemented to help prevent paychecks being issued to a
"phantom" or "ghost" employee?
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the cashier should sign all payroll checks
prenumber all payroll checks
use an imprest account to clear payroll checks
paychecks should be physically distributed by someone who does not authorize or record payroll
Question 4. Question : (TCO F) Concerning XBRL, which of the following statements is not true?
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XBRL is a variant of XML.
XBRL is specifically designed for use in communicating the content of financial data.
XBRL creates unique tags for each data item.
XBRL's adoption means accountants and systems professionals must know how to write XBRL code to take
advantage of its benefits.
Question 5. Question : (TCO F) Bobby Burns, CEO of Maudlin Motors, walked into the office of Tom Sanchez,
chief information officer. “Tom,” he said. “We need some way of getting a better handle on our overall performance.
The financial reports are all well and good, but we need to track customer satisfaction and other aspects of the
business.” Tom should recommend that Maudlin Motors
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implement a data warehouse system.
set up a data mining operation.
use online analytical processing (OLAP.)
implement balanced scorecard reporting.
Question 6. Question : (TCO E) What are some of the benefits of using incentives and bonuses? What are some
dangers?