ACC200 Ch1 Set 5

Question 1

http://classconnection.s3.amazonaws.com/72/flashcards/2795072/jpg/software-value-chain11362033767720.jpg

Answer 1

value chain diagram

Question 2

Supply chain diagram

Answer 2

Raw materials supplier —> Manufacturer —> Distributor —> Retailer —> Consumer

Question 3

Supply chain

Answer 3

a system of organizations, people, technology, activities, information and resources involved in moving a product or service from supplier to customer . An organisation’s value chain is part of a larger system called the supply chain.

Question 4

Why study accounting information systems?

Answer 4

AIS knowledge & skills are critical to an accountant’s career success. Interacting with an AIS is one of the most important activities that accountants perform. Other important AIS-related activities include designing internal control systems & other business process improvements.

Question 5

Who is fraud & corruption mainly perpetrated by?

Answer 5

employees, ‘knowledgeable insiders’ who know the systems & controls in their organisation & see an opportunity to embezzle assets of their company.

Question 6

Earnings management

Answer 6

manipulation of a company’s financial earnings either directly or through indirect accounting methods.

Question 7

Popular unethical cases?

Answer 7

• Enron & Worldcom - USA - HIH & One.Tel - Australia - More recently, Clive Peeters & the Queensland Health

Question 8

Corporate & professional codes of ethics?

Answer 8

Codes of conduct by: CPAA, ICAA, IPA & CIMA

Question 9

Stakeholder analysis framework

Answer 9

a decision framework weighing tough ethical judgements.