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ACTG 413 > Exam 3 > Flashcards

Exam 3 Flashcards

(71 cards)

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1
Q

Identification

A

Users assigning a unique identifier to the user

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2
Q

Authentication

A

Process of associating user/name with other identifier (making sure is legit)

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3
Q

Authorization

A

Associating user with objects/data they’re allowed to access.

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4
Q

Methods for authentication and multifactor authentication

A

Something user should KNOW, HAS, and IS

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5
Q

Multifactor authentitication

A

When more than one unique identifier is required by system, to authenticate

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6
Q

Role-based authorization, why’s it used?

A

To restrict network access by assigning individual specific roles that have predefined criteria, for what can/can’t be accessed to.

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7
Q

Role

A

Predefined permission users are assigned

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8
Q

Permission

A

Right/privilege user has once assigned to a role

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9
Q

Administrator role

A

Highest role in the hierchary, has premission for all objects

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10
Q

Principle of leas privileged

A

Users should be assigned only necessary privileges to do their job

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11
Q

Provisioning

A

Process of assigning access to users

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12
Q

De-Provisioning

A

Process of removing access when user changes jobs/leaves organizations

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13
Q

Access Creep

A

Additional roles are assigned to users that are needed temporarily, but not removed

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14
Q

User access reviews

A

Compare user job responsibilties with a role assigined

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15
Q

dormant access review

A

Compare access logs to user permissions to identify permissions that have not been used, and may need to be removed

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16
Q

Dormant user review

A

Compare access logs to users, identify users that have not accessed the system and may need to be removed

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17
Q

Data Center

A

Physical location where servers, network appliances and other hardware to make core IT infrastructure is stored.

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18
Q

Importance of data center control

A

Important because it runs all of IT

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19
Q

SOC 2 Audit

A

Covers security, availability, processing integrity or privacy for the cloud provider is required. Used when data center is outsourced.

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20
Q

Outside environment

A

Near bottom floors of physical building, building will be on high ground

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21
Q

Inside environment

A

Own A/C to avoid overheating, non-water fire suppression system presents.

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22
Q

Physical security

A

only employees involved with operation allowed, single entry point.

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23
Q

Relationship between incident response, disaster recovery, business continuity.

A

Ensures business and process continue running smoothly.

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24
Q

Data Prioritization

A

Companies’ categories systems and data based on importance, they do this in case of disaster recovery and business continuity.

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25
Hot backup site
immediately operational after disaster, runs continuously
26
Warm backup site
Equipped with certain servers/equipment need to ramp up operations and takes time to start,
27
Cold backup site
Almost empty room with no servers, equipment needs to be brought in, only has power, AC
28
Full backup startegy
Copying all existing data in its entirety every time
29
Differential backup strategy
Copying data created since most recent full backup everytime
30
Incremental
Copying only new and updated data with each backup.
31
Change Manegement
Process that changes implementation to a system
32
Types of enviorments
Test, Model, Production
33
Test
Developer writes the code user requested
34
Model
User reviews outcome of the code when it runs model environment.
35
Production
Production control employee implements code into production.
36
Purchase requsition
Document that initares purchase
37
Supplier selection
Suppliers identified, best is chosen
38
Purchase order
sent to supplier, specific goods ordered
39
Goods recipt
Goods/services are recieved
40
Purchase invoice
Bill identifying amount to pay and payment terms is received
41
Cash Payment
Supplier is paid
42
Recording (Accounting activites)
Information as transaction takes place
43
Processing (Acctg activties)
Processing inform to make it available in a useful format
44
Sorting (acctg activties)
Data is an organized way
45
Reporting (Acctg activties)
reporting information to decision making
46
Control actitvies
Proper authorization, segregation of duty, physical control
47
IT general control
Logical access control, data center control
48
Organization-wide control
Control environment, risk assessment monitoring.
49
Preventative
reducing chance of outcome will happen (Likelihood)
50
Detectove:
Abke to detect situation quickly (Impact)
51
Corrective
Reduce the effect of the outcome (Impact)
52
Steps in revenue process
Estimate Sales Order Delivery Sales invoice Cash Reciept Bank deposit
53
Steps in revenue recognition
Identify- contract with customer Identify- Performance obligations in contract Determine- transaction price Allocate- transaction price to performance obligations in contract Recognize- revenue when satisfies performance obligations.
54
What Journal entries are a part of the revenue process
At sale: Recognize rvenue and cost At collection: Record cash receipt and reduce A/R
55
General Journal
Book of original entry, all journal entires are recorded here.
56
Special Journal
Simplify recording process for frequent transactions, group similar entries.
57
Subsidiary Ledger
Detailed information on individual accounts for business, slows effect on accounts
58
General Ledger
Master record that holds all accounts for business, slows effect on account’s.
59
Process of recording and posting in manual system
-Analyze transactions -Records in the Journal -Post to GL -Prepaid trial balance -Adjust entries -prepaid financial statements -close temporary accounts
60
Special journals used in revenue process
Simply recording and speed posting by allowing posting of totals for all transactions to commonly used accounts, rather than posting individually.
61
Control account
General ledger account associated with a subsidiary Ledger, all transactions end up getting posted twice.
62
3 types of data
Configuration data, Master data, Transaction data
63
Configuration data
Data that makes system work. (Tax rate, G.L.)
64
Master data
Data about the people and resources including accounting transactions
65
Transaction data
Data about the activities in the business process (Journal entries)
66
Cost-Benefit constraints in implementing revenue system
Prepairing seperate estimate Sales orders Recieving recipts Not able to connect raw materials and finished goods.
67
Bundle
I me composed of several other items
68
Bill of materials
Including items that are part of the bundle
69
Price (bundle)
Sum of the prices of its components
70
What changes are made to the subsidiary ledger data
Customers balanced increased and open balance means unpaid A/R balance
71
Payments to a deposit account
Is a cash account, used to record cash received, but not yet placed in the bank.

ACTG 413 (1 decks)

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