BUS101 Unit 7 Study Guide Graded A

BUS101 Unit 7 Study Guide Graded A+ An accounting system should generate both internal and external reports. Managerial accounting provides all of the following financial information except: The governor of New York that he has directed the state's Division of Criminal Justice Services to gather DNA from the broadest range of convicted criminals permitted under current law. This will result in the collection of as many as 40,000 DNA profiles. The additional DNA profiles may be obtained as a condition of release on parole or probation, as a condition of participation in the Department of Correctional Services' temporary release programs, and as a condition of a plea bargain. A computer _____ would allow investigating officers from other states to access the New York profiles and to provide information about their state's criminals to New York's law officers. To ensure accuracy and consistency in the way financial information is reported, accountants follow rules known as: An accounting journal is a chronological list of transactions, each assigned to a particular account. Intranets, VPNS, and extranets are forms of LANs. The balance sheet summarizes a firm's financial position over a period of time, for instance 3 months or a year. Like local area networks (LANs), intranets are private corporate networks. The five-step process that takes a transaction from being mere raw financial data to its being summarized in the financial statements is called the accounting cycle. The Sarbanes-Oxley Act redefines the public corporation-auditor relationship and restricts the types of services auditors can provide to clients. A group of two or more computer systems linked together by communications channels to share data and information is called a computer: It is paramount for a dentist to provide the best patient care possible. The dental assistant, even though he or she may perform unskilled work such as fitting a patient with a bib, must also know the proper use of surgical and sterilization techniques to ensure patient safety. Formally educated dental assistants have the knowledge to understand the difference between sterilization and disinfection, and the relative importance of both. Since such are nearly always performed by dental assistants, a dental assistant can be correctly identified as a: Virtual private networks can be used to connect two or more LANS. Cerner Corporation has created a(n) _____ containing the medical records of more than 400,000 people who received treatment at more than 200 different emergency rooms. It can be used to help emergency room physicians make decisions about what kind of treatment to give their patients. Administrative accounting is the term given to the internal workings of the company, such as budgets, sales reports, and analyses of how well marketing strategies are working. International accounting standards: The governor of New York that he has directed the state's Division of Criminal Justice Services to gather DNA from the broadest range of convicted criminals permitted under current law. This will result in the collection of as many as 40,000 DNA profiles. The additional DNA profiles may be obtained as a condition of release on parole or probation, as a condition of participation in the Department of Correctional Services' temporary release programs, and as a condition of a plea bargain. This _____ will be used for solving crimes. Another term for net worth is working capital. Accounting provides a framework for looking at: ASPs, which are also called area server portals, provide computer users with access to e-commerce opportunities. _____ deals with reporting to outsiders. _____ accounting deals with the internal operations of the firm. A(n) _____ is a yearly document that describes a firm's financial status and usually discusses a firm's financial activities during the past year and its prospects for the future. Customer records containing names, addresses, phone numbers, and purchase histories would be most likely stored in: The Internet is essentially a worldwide wide area network (WAN). Which of the following statements about computer networks is true? _____ contribute to and benefit from information that use in performing, acquiring, searching, analyzing, organizing, storing, programming, producing, distributing, marketing, or selling functions. A local area network (LAN) connects computers at one site and enables their users to exchange data and share hardware and software from a variety of computer manufacturers. Independent accountants who serve organizations and individuals on a fee basis are called public accountants. Accounting involves the _____ of the financial activities for firms. Which of the following statements about the accounting profession is true?