Accounting Information Systems
Accounting Information Systems
11th Edition
ISBN: 9781337552127
Author: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher: Cengage Learning
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Chapter 17, Problem 7DQ
Summary Introduction

To explain: The effective method to handle and decide on all alternative solutions.

Introduction:

Acquiring and implementing accounting information systems:

It describes the acquisition of a system and its phases of development and the steps involved in it. It explains the difference between purchased and in-built systems. It explains the importance of the presence of an accountant in these systems.

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a) Explain what an ethical dilemma is and provide an example of a situation where individuals were faced with an ethical dilemma in a real-world project. b) Provide an example of a project that has failed. Your example should include a summary of reasons why the project is considered to have failed, with specific reference to the project lifecycle and controls that could have been put in place at each phase of the project lifecycle, to minimise the likelihood of these failures occurring in the first place. c) A company manufactures a component which sells for £33. The variable cost associated with its manufacture is £17 per component. Fixed costs allocated total £128,000. Plot a graph to show the number of components the company needs to sell to break even (i.e. to cover the sum of the fixed and variable costs). d) Tuckman found that teams go through six key development phases. List the six phases of team development and provide a brief explanation of each.
1. Decision makers vary widely in the types of decisions they make, the methods of decision making they employ, the information they already possess or can obtain from other sources, and their ability to process information. Consequently, for information to be useful there must be a linkage between these users and the decisions they make. This link is: a. relevance. b. reliability. c. understandability. d. materiality. 2. Which of the following is not a major challenge facing the accounting profession: a. Nonfinancial measurements b. Accounting for hard assets. c. Timeliness. d. Forward-looking information.
1. Decision makers vary widely in the types of decisions they make, the methods of decision making they employ, the information they already possess or can obtain from other sources, and their ability to process information. Consequently, for information to be useful there must be a linkage between these users and the decisions they make. This link is:a. relevance. b. reliability. c. understandability. d. materiality. 2. Which of the following is not a major challenge facing the accounting profession:a. Nonfinancial measurementsb. Accounting for hard assets. c. Timeliness. d. Forward-looking information. 3. The underlying theme of the conceptual framework is:a. decision usefulness. b. understandability. c. reliability. d. comparability.

Chapter 17 Solutions

Accounting Information Systems

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