What are the four hierarchical levels of activity discussed in the chapter?

Q: What primary activities does the B/AR/CR process perform?  Explain each activity.

A: Given, What primary activities does the B/AR/CR process perform?

Q: Define Account class exercise

A: Account class is the term used in the accounting software where there is need to classify customer…

Q: What is a segment of an organization?

A: Segment: A segment refers to a subsection of an organization. It can be any part or activity of the…

Q: Identify the three components of triple bottom line reporting, and provide two examples of…

A: The triple bottom line (TBL) aims to evaluate the financial, environmental and the social…

Q: Data flow diagrams employ four different symbols. What are these symbols, and what does each symbol…

A:

Q: What are five common internal control principles?

A: Controlling is one of the main managerial functions of any organisation. Managerial functions are…

Q: What is the purpose of a responsibility center file?

A: Definition: Responsibility center file: The departments of the organization are generally referred…

Q: How are the three transaction cycle relate to each other?

A: Transaction Cycle is grouping of similar functions of business together under same head. Transaction…

Q: What is separation of duties? Give five examples?

A: Separation of Duties: Management uses various techniques to improve the internal control of the…

Q: What are the three cycles of transaction processing systems?

A:

Q: Name three components of a Transaction Processing System.

A: A Transaction Processing System is a set of information that processes the transaction data in the…

Q: What are the three general problems associated with data redundancy?

A:

Q: Outline the five-step sequence in a decision process.

A: Five-step decision-making process: Five-step decision-making process not only helps in planning the…

Q: Explain the five-step sequence in a decision process.

A: Five-step decision-making process:  It does not only help in planning the various activities of the…

Q: What are the levels of data hierarchy?

A: Accounting Information System:   This refers to a system that is adopted by an organization to…

Q: List the four types of responsibility centers, and briefly describe each.

A: Types of Responsibility centers: 1) Cost Center 2) Revenue Center 3) Profit Center 4) Investment…

Q: What is a segment of an organization? Give several examples of segments.

A: A segment is a subsection of an organization It can be any part or activity of the organization,…

Q: What are the three phases of the departmental allocation approach? What happens at each phase?

A: The Departmental cost allocation is an accumulation of departmental operating costs. This strategy…

Q: How are the three transaction cyles relate to each other?

A: All type of business whether it is profit or non-profit organization has three types of transaction…

Q: What is a data flow diagram? What are the different levels from most general to most detailed? Draw…

A:

Q: Describe the many parts that come together to produce a complete information system. Where does the…

A:

Q: What is the suggested order for carrying out tasks using an ABC system?

A: The ABC system is a way of allocating indirect costs and overheads like salaries and utilities to…

Q: What are the major functions performed by the OE/S process?  Explain each function.

A:

Q: List and define the seven report attributes.

A: The formal document used for providing information to the managers is called report. The information…

Q: What is the organizational culture at SSS?

A: It is the responsibility of the state to establish and promote viable and correct tax system…

Q: Describe the three methods that managers can use to express CVP relationships?

A: CVP relationships means Cost volume profit relationship. It is a analysis used by management to…

Q: merits and demerits of organizational structure

A: Organizational structure is a structure that defines the flow of activities within the organization.…

Q: Explain the relationship between the three levels of the data definition language. As a user, which…

A:

Q: Evaluate three accounting system controls.

A: A set of interconnected accounting operations and controls is referred to as an accounting system.…

Q: What is organization structure?

A: Organisation structure is a system used to define a hierarchy within an organization. It identifies…

Q: What are unit-level activities?

A: Cost accounting is the branch of managerial accounting, whose main aim is to calculate the total…

Q: Name the three most common ways to segment an organization.

A: On the basis of ownership, companies can be classified into the following three categories:…

Q: (a) Name and describe the five elements of internal control. (b) Is any one element of internal…

A: Internal control refers to the policies and plans of the business organization along with other…

Q: state and explain six factors that make information useful

A: Accounting information provides a base for the user in decision making. The information provided…

Q: Name three types/categories of external stakeholders

A: Stakeholders is the wider term, it means group of people which help to run a business successfully.…

Q: What are the three types of enterprise?

A: Enterprise is a project, or willingness to take a new project, or business venture, or an…

Q: Which information is presented by an organization chart?

A: organisation chart is basically the information bulletin of all the functional departments in an…

Q: List and define the four basic management activities.

A: Definition: Managerial accounting: Managerial accounting is a system, or a process of collecting…