Miscellaneous Flashcards
What information system helps executives monitor business conditions in general and assists in strategic planning to control and operate the company?
Executive Information System
Calculate COGS in process cost accounting method
Determine total cost
Determine total units complete
Compute cost per unit by dividing total cost by total units
Compute COGS(number of units sold x cost per unit)
What represents the results of total quality management?
Process Improvement
The imputed interest rate used in the residual income approach to performance can be described as?
Target return on investment set by the company’s management
When a firm finances each asset with a financial instrument of the same approximate maturity as the life of the asset is?
Working capital management
How is the following reported? Activity based costing? Job costing? Variable costing? Process costing?
Internal
Internal and external
Internal
Internal and external
What component addresses an entity’s financial reporting objectives?
Risk assessment
What is the task of performing quality assurances in managing a project?
Dependent activity
What are examples of cost objectives?
Determination of net income
Efficiency measurement
Valuation of unexpired costs
COBIT defines governance objectives within five different focus areas including?
Strategic alignment Value delivery Resource management Risk management Performance measurement
What is the type of database that is connected by a company’s LAN?
Distributed database
What are the 3 components of LAN?
Network operating systems, network interface card, and node
What controls consist of ensuring that storage media are subject to authorization prior to access, change, or destruction?
Data security controls
Does EDI require companies to have any prior relationships with each other?
Yes
Calculation for discounted cash flow method
(D/P)+G
