Define a management control system and identify the issues involved with the design of a successful system.

Q: Discuss how the elements of efficiency, effectiveness, and flexibility are crucial to the design of…

A: Information system is a system which consists of some interrelated components which stores, edits…

Q: All of the following are components of internal control except Monitoring The information and…

A: Internal controls are implemented to prevent fraud in an organization. These are the rules or…

Q: what type of information should be included in the systems analysis report?

A: System analysis is the examination of the business problem that organizations plan to solve with an…

Q: Describe the importance of adequate internal controls.

A: Definition:   Internal control: Internal control is a process that ensures continuous reliability fo…

Q: What are the issues that need to be considered before implementing keystroke monitoring?

A: Keystroke monitoring means recording the client's keystrokes and the reaction of the framework. This…

Q: Explain implementation and maintenance of adequate internal controls.

A: Internal Controls: Internal controls are the controls established within an organization to check…

Q: Evaluation of internal control

A: Effectiveness of the internal control of an organization’s system is known as an evaluation of…

Q: Determine whether each procedure described below is an internal control strength or weakness; then…

A: Weakness or strength along with IC Principle :- 1 Weakness - Apply technological controls 2 Weakness…

Q: List and explain briefly the phases of an internal control evaluation.

A: Internal controls are indeed defined as the measures put in place by a corporation to secure its…

Q: taining in

A: Managerial Responsibilities entail being in charge of the overall management of a work unit (or…

Q: Describe the benefits of internal control report.

A: Internal Control Report:   An internal control report is the end result of the conducting an…

Q: The system experts perform the design and implementation phases of the system development life…

A: Accountants are involved in the creation of systems in three ways. The first is that accountants are…

Q: Which of the following is the most important factor in planning for a system change? a. Having an…

A: Answer:   Option d

Q: Examine the flowchart and determine any control threats. Specifically discuss the control problems,…

A: Internal Control: Internal control can be defined as the rules, policies, and mechanisms enforced by…

Q: how does general control area of systems development and program change impact day-to-day…

A: Accounting Information system:  The Accounting Information System is a system that a business uses…

Q: Define and describe what is meant by internal control.

A: Internal control:   Internal control can be defined as a process to ensure achievement of the…

Q: The systems development life cycle is a methodology. Why are auditors responsible for evaluating the…

A: Auditor: The person who is considered responsible for assessing the credibility of the financial…

Q: What are some suggestions for risk management, typical response tactics, and IT system recovery…

A: Risk management:  A system of people, processes, and technology called risk management helps a…

Q: Describe three criteria you would use to evaluate whether a management control system is effective

A: Management control system:

Q: Identify a major advantage of the FIFO method for purposes of planning and control.

A: First-In First-Out (FIFO): First-in first-out (FIFO) method is the method in which cost are assigned…

Q: Describe the connection between planning feedback, and controlling.

A: The management of the company is the main responsible for preparing the financial statements which…

Q: List the three parts of a control system, and explain how such a system works.

A: Variance: Variance refers to the difference level in the actual cost incurred and standard cost. The…

Q: Define value-based management

A: SOLUTION:- VBM is a concept whih refers that management should firstly consider the interest…

Q: Explain the importance of documentation by the systems programmers.

A: Documentation:   Documentation refers to maintain a set of documents by a technical person in the…

Q: describe the connection between the management process planning, feedback, controlling? take an…

A:

Q: (a) Explain the terms 'control objectives' and 'control procedures' and explain the relationship…

A: huhn

Q: Explain the concept of active management.

A: Explain the concept of active management.  There are two type of management for stock management One…

Q: Feedback from the control function helps managers compare actual results with planned results and…

A: Business wants to grow and check the progress every-time and for that the comparison is necessary to…

Q: Accountants should be involved in the detailed design and implementation of the system development…

A: System development Life cycle: System development life cycle refers to all the stages that any…

Q: Which statement about flowcharts is correct? a. They list internal control activities that are…

A: Flowchart is a visual representation which shows the business process flow happening in an…

Q: What are two examples of the types of management issues that can be addressed by cvp analysis?

A: CVP or Cost-volume-profit analysis is a cost accounting method of analysing the effect of cost and…

Q: What is the purpose of a systems analysis, and what type of information should be included in the…

A: Definition:   System analysis: System analysis is a course of action to gather the information…

Q: ow and determine

A: Internal Control: Internal control can be defined as the rules, policies and mechanisms implemented…

Q: Explain relationship between the client’s performance measurement system and client’s inherent risk.

A: Auditing is a process of inspecting the financial accounts of a company in order to determine the…

Q: Discuss internal control consideration.

A: Internal control is a method to ensure the integrity of financial information, targets and…

Q: Why Accountants should be involved in the detailed design and implementation of the system…

A: System Development Life Cycle:   The system development life cycle is a set of series or systematic…

Q: Refer to the system flowchart below and identify the internal control risks represented in it:

A: System flowchart is a data flow diagram that analyze the beginning criteria and end results of a…

Q: Why is the object-oriented approach particularly suited to ERP system design?

A:

Q: Accountants should be involved in the detailed design and implementation of the system development…

A: The following are the stages of a system development life cycle (SDLC):- Planning Analysis Design…

Q: Explain how the formalization of tasks promotes internal control.

A: Internal Control: Internal control involves the norms and standards followed by a company to…

Q: What is the purpose of quality management systems?

A: Quality management system is a process that a business should adopt to manage information. This is a…