11/11 Class

Question 1

cycle

Answer 1

risks and assertions

Question 2

controls

Answer 2

we need them

Question 3

periodic method

Answer 3

we had to do some closing entries

Question 4

closing entries for closing out the month and year

Answer 4

allow for doubtful, income summary/temporary accounts,

Question 5

controls

Answer 5

we need them

Question 6

systems development life cycle

Answer 6

1. What does management want?
2. Then they hire good people
3. In IT we need to control those guys,

Question 7

steering committee

Answer 7

made up of CTO, accounting, and other people that will look at the IT department and what they do to funnel it and make things better. We need to see if we have the money or the time to do things. Rate of return

Question 8

programmers

Answer 8

tweak the code

Question 9

IT governance

Answer 9

decides who accesses what

Question 10

database administrators

Answer 10

people who maintain an application and mapping it.

Question 11

security professionals

Answer 11

chief security officers people who look for hackers and other security threats

Question 12

Rule 1

Answer 12

segregation of duties - we have to have different people doing different things in IT

Question 13

list of people

Answer 13

system administrators, programmers, isolate programmers into the programming cycle and don’t let them into the real environment

Question 14

System development lifecycle

Answer 14

give them a budget tell them what it should look like and follow them along the way
we build it or we buy it

Question 15

phases of system development lifecycle

Answer 15

planning - decide what we want
analysis - do an analysis of our current situation, find out how it is working and what the problems are. Then we see what the users want and make if functional with our companies
design - when we put it on paper and then the administrators and programmers make it, we have to make it user friendly, verify it aligns with the company strategy
implementation - putting the system in
maintenance

Question 16

BPR business process reengineering

Answer 16

we look at a process and see how to make it better

Question 17

RFP Request for proposal

Answer 17

we find someone who finds what the options are out there and then find out who can do it, if we can’t find someone then we build it.

Question 18

Feasibility study

Answer 18

can we do this?

Question 19

parallel

Answer 19

doing both systems at the same time

Question 20

direct cutover, big bang theory,

Answer 20

you stop the old system and start the new one

Question 21

phase in

Answer 21

do it one system at a time to find any errors

Question 22

pilot

Answer 22

when you have only one area test it and find if it works

Question 23

scrubbing data

Answer 23

getting the data ready for the new system

Question 24

change management

Answer 24

one person does each thing