ACC200 Ch1 Set 5 REVERSED

Question 1

value chain diagram

Answer 1

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Question 2

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

Answer 2

Supply chain diagram

Question 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.

Answer 3

Supply chain

Question 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.

Answer 4

Why study accounting information systems?

Question 5

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

Answer 5

Who is fraud & corruption mainly perpetrated by?

Question 6

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

Answer 6

Earnings management

Question 7

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

Answer 7

Popular unethical cases?

Question 8

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

Answer 8

Corporate & professional codes of ethics?

Question 9

a decision framework weighing tough ethical judgements.

Answer 9

Stakeholder analysis framework