Accounting Information Systems 3rd Edition by Vernon Richardson Solution manual
A box score of a NCAA women’s basketball game (or other sports) produces overall team statistics by half and quarter and details player performance including minutes played, shots taken, shots made, free throw shots taken and made, assists, rebounds, steals, blocks and fouls.
To be relevant, the information must potentially impact a decision that a decision maker must make.Relevant information is usually characterized by having predictive value, feedback value and receiving it on a timely basis.This information provides feedback value to explain how players performed in the game.The box score provides predictive value to the extent that prior performance (as reflected in the box score) is predictive of future performance.Since box scores are available immediately following the game, it is also received on a timely enough basis to make decisions for a subsequent game.
To exhibit the quality of faithful representation, the information must be verifiable, be representationally faithful and be neutral.There are often some allegations that the statistics included in a box score is affected by the bias of the scorekeeper.While the actual points scored by the team is verified by the officials, more minute details are not verified and may be subject to bias, thus limiting their reliability.
The information is potentially relevant to the coach in helping to figure out which players are most efficient and productive.Which players play well against different teams and which players are good at particular aspects of offense and defense, among others.
Some would argue that the role of accounting is simply as an information provider. Will a computer ultimately completely take over the job of the accountant? As part of your explanation, explain how the role of accountants in information systems continues to evolve.
Accountants have a role as a business analyst.That is, they gather information to solve business problems or address business opportunities. They determine what information is relevant in solving business problems, then create or extract that information and finally analyze the information to solve the problem.An AIS provides a systematic means for accountants to get needed information and solve a problem.
While a computer is very good at reliably collecting, processing and producing information, the role of the accountant when serving as a business analyst will continue to be able to assess the problems the business is facing and work to provide information that will address it.
How do you become a Certified Internal Auditor (CIA)? What do they do on a daily basis?
An individual can earn a CIA designation with a combination of required education, professional experience, character references and passing of the CIA exam.
The CIA designation identifies accountants with a broad range of knowledge about the company. They work inside an individual company, generally providing an independent assessment of the company’s operations, including the effectiveness of a company’s internal controls.They may be called upon to investigate the possibility of fraud in financial statement reporting, or investigate the throughput of a manufacturing system, among many other things. On a daily basis, CIAs might evaluate internal controls associated with financial reporting, help devise a more efficient financial reporting system, or help audit an operational issue which the audit committee needs to better understand.
How do you become a Certified Information Technology Professional (CITP)? What do they do on a daily basis?
A CPA can earn a CITP designation with a combination of business experience, lifelong learning and an optional exam.
The CITP designation identifies accountants (CPAs) with a broad range of technology knowledge and experience.On a daily basis, CITPs may help devise a more efficient financial reporting system, help figure out how an information system can provide needed decision-relevant information, help the accounting function go paperless or consult on how an IT function may transform the business.
Explain the value chain for an appliance manufacturer, particularly the primary activities. Which activities are most crucial for value creation (or in other words, which activities would you want to make sure are the most effective)? Rank the five value-chain enhancing activities in importance for an appliance manufacturer.
The value chain goes all the way from product design, through sourcing to manufacturing to shipping the final product to the warranty and repair business.Many would consider the product design, which ensures that the appliance has the desired functionality at the right priced points, to be a critical activity for value creation.Sourcing the product components to low cost, yet high quality component providers is also key to creating value.Final assembly (or operations) of the product components is also key to ensuring high product quality at reasonable prices.Marketing the final product through appropriate distribution channels and supporting the final product through the warranty and repair process also are crucial parts of the value chain.