CLST 103 Lecture 26: CLST 103 W11L3

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brownyak534

21 Jan 2016

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Bakers some sort of cut to make money for themselves. In addition for the earning money through a job or through a dole, another system for getting money was through the patronage system. What the patron got out of this: prestige of having a large group of people around him, showed he was important. What the clients got was handout: sportula, this is bag of money that the patron would give to clients at the end of the day for having followed him around, money you get for being a loyal friend. Other kinds of rewards, political favours, helps with contracts, but the money for the poor would be a very important incentive. This is not a relationship that is restricted to individuals in imperial period, Augustus making himself the patre patriae, father of the father land, he is the patron and everyone in the roman world, including the city of rome, is his lcients.

Related Questions

1. The Federal Funds Rate is set by the Federal Reserve on the first business day of each month by faxing the rate to the member banks of each Federal Reserve District.

A. True

B. False

2. The Federal Reserve is a single Central bank located on Wall Street in New York City.

A. True

B. False

3. Which of the following is NOT true about the Federal Reserve System?

A. Terms of service of the members of the Board of Governors are longer than the number of years that a two-term President of the United States would serve.

B. The Federal Reserve System is the nation's central bank and is comprised of 12 Federal Reserve Banks that serve as bankers' banks.

C. Some of the main functions of the Federal Reserve System include the authority to control the money supply, to issue currency, to set reserve requirements, and to hold reserves.

D. While Congress controls the actions of the Federal Reserve, the President has the authority to appoint and remove private banks from the Federal Reserve System.

4. Which of the following is NOT true about restrictive monetary policy?

A. A restrictive monetary policy seeks to raise the federal funds rate.

B. A restrictive monetary policy seeks to expand the money supply.

C. A restrictive monetary policy seeks to raise the Federal Funds Rate by selling government bonds or raising the reserve requirement ratio or increasing the discount rate.

D. A restrictive monetary policy is used when the government is concerned about suddenly increasing inflation.

5. Which of the following statements is NOT true about contractionary fiscal policy?

A. Contractionary fiscal policy consists of reductions in government spending or increases in taxes.

B. Contractionary fiscal policy can include both reductions in government spending or increases in taxes.

C. Contractionary fiscal policy seeks to shift the Aggregate Demand curve to the right.

D. Contractionary fiscal policy is used when the government seeks to reduce suddenly surging inflation.

6. The Federal Reserve creates money by printing the amount of desired new money and distributing it via armored trucks and high-security railways to Federal Reserve District Banks.

A. True

B. False

7. If the Fed feared a looming recession was just around the corner, which of the following actions would it "NOT" consider?

A. The Fed would raise the discount rate.

B. In order to influence prevailing commercial interest rates to fall, the Fed would buy large amounts of government securities.

C. In order to expand the money supply (which influences prevailing commercial interest rates to fall), the Fed would either buy large volumes of government bonds, lower the reserve requirement or cut the discount rate.

D. The Fed would seek to expand the money supply because, in so doing, the federal funds rate would fall and that would stimulate commercial interest rates to fall.

8. Which of the following statements is NOT true about the ability of the Federal Reserve System to expand the money supply?

A. The Federal Reserve System uses the fractional nature of the banking system to create money in order to expand the money supply.

B. The money multiplier defines the relationship between new excess reserves throughout the banking system and the creation of money by banks in the system. It is calculated by dividing the number 1 by the Required Reserve Ratio. [1/rr].

C. If the required reserve ratio is 20%, then $80 billion in new excess reserves will create $400 billion in bank system lending throughout the entire banking system.

D. If the reserve requirement is 100%, then the banks can generate 100% in new excess reserves.

9. Which of the following is NOT true about the tools of monetary policy?

A. The Fed can alter the money supply through open market operations, changes in the reserve ratio or adjustments to the discount rate.

B. Lowering the reserve ratio would expand the money supply.

C. Raising the discount rate would restrict the money supply.

D. Adjusting the reserve requirement is the most important day-to-day method for controlling the nation's money supply.

10. If the Federal Reserve wishes to hold off a feared recession, it will sell large volumes of government bonds.

A. True

B. False

harlequincicada312

Role of Accounting Information System

What is the relationship between Accounting and an Accountinginformation system? (2.5 Marks)

â¢ What has happened to the relationship over the years? (2.5Marks)

â¢ What is accounting information? (1 marks)
â¢ Name 4 uses of Accounting Information? ( 4 Marks)

â¢ Use an example to illustrate the difference between data,information, and intelligence? (4 Marks)

â¢ Discuss security concerns related to shadow data and businessintelligence technologies. (2 Marks)

â¢ Discuss the role of accounting professionals in thedevelopment of shadow data. (2 Marks)

System Documentation

â¢ What is system documentation? (1 Mark)

â¢ Why is it important to know system documentation? ( 4marks)

â¢ Explain the 4 elements that makes up the Data Flow Diagrams? (4 marks)

â¢ Give an example of who or when one of these documents may berequired ( 2 marks)

â¢ What are Flowcharts? (1 mark)
â¢ List an example of an Input/output, processing and storage

Symbols (6 marks)

â¢ Differentiate between different types of Flowchart? ( 6marks)

â¢ If you were a new factory employee on your first day at a vastfactory, indicate which level Flowcharts would be required and

â¢ If you were a new external auditor (assume that you have over10 years of experience but new to this factory) and wish to reviewthe strength of internal control of the same factory, indicatewhich Flowcharts you would require and why? ( 1.5 marks)

why? ( 1.5 marks)

ERP

â¢ What sort of organisation would most benefit from having anERP ? (5 Marks)

â¢ Describe some problems one might encounter from your readingswhen using an ERP? (5 Marks)

â¢ How can a Supply Chain Management system and CustomerRelationship Management system help a company? (5 Marks)

Database

ABC is a large car retailer that also manufactures its ownbrand, assembles made-to-order cars from purchased components andsells fully assembled branded names. The Company also have as stocklots of spare parts that it usually need to help with the processabove.

You have been employed as a consultant to ABC.

What databases are available to help ABC capture, store, manageand manipulate data for decision making and reporting? (1 Mark) Useone of those databases to explain its operation? (3 Marks) What areits advantages and disadvantages of a database?

(6 Marks)

System Development

ABC is a non profit company. It has several branches and allof
them specialises in different operations. It has around 15different operations some of which are free food catering toelderly, free temporary accommodation to elderly, providing freecomputer training to elderly etc. The company receives grants fromgovernment and several local agencies and donation from the generalpublic.

One of the staff was heard saying âOur ERP cannot handlethe
amount of transactions and requirement. Last month, we helped
around 3000 elderly clients and received revenue from at least 30government and private agencies. The company has plenty of fundingfor the new ERP but just recently thought about getting a newERPâ.

As a student who completed ACC200, what would you suggest thebest ways of getting the new ERP? Use the pros and Cons in youranswer about all the different methods of getting a new ERP.(15marks)

Woolworths is a major supermarket in Australia with over 500Outlets all around the country. The company is about to implement anew system.

As a student of ACC200, You have been asked to write a report onthe best way for this conversion to best suit the interest of thecompany. (15 Marks)

Controls

ABC is a company currently set up in Melbourne and currentlyoperating in all around Victoria. The operation of the company isgeneral cleaning offices and cleaning after constructionoperations.

Until now the company was only accepting cash payment from theclients upon delivery of services and also whenever possible onlymaking cash payment to employees and some suppliers.

Due to lack of business and pressure from clients, the companywill now also accept credit card payment from Businesses and set acredit account as well with payment to be made end of month.

Discuss the internal control/s necessary for this new procedurein billing. (10 marks)

Controls

XYZ is a company operating in wholesale wheelchairs repairs andretail sale. The company will be undergoing some changes inmanagement in a few weeks. You have been hired as part of the newmanagement to report on operations.

As part of your investigation, you found that all repairsservices were delegated to another company which belonged to theincumbent CEOâs wife. You also noticed that all the invoices fromthe company to XYZ were very costly and no detailed on the invoicesof the actual repairs. You also noticed that there was only 1option in for customers when paying the bills,

cash payment. It also came to your attention that XYZ did nothave a proper warehouse but all the stocks were being stored at aremote property owned by the CEO.

Write a report to the future management advising them on yourfindings and possible solution. (15 marks)

Controls

â¢ Describe the Revenue cycle activities. Provide 3 examples ofpreventative controls suitable for the Revenue Cycle (15 Marks)

â¢ Describe the Purchase Cycle activities. What are the mainactivities in the purchasing cycle that an organisation should beaware of from a control perspective? (15 Marks)

Controls

In the Revenue cycle, identify possible issues when using acredit note. (5 Marks)

What is/are the consequences of not using a Remittance Advice inthe revenue cycle? (5 Marks)

It is a current trend in many companies to leave the creditapplication as an informal process done by marketing managers.Discuss (5 Marks)

Controls

A survey recently done by reputable company found that receivingreports in many companies is almost inexistent. Some of theparticipants answers were as follows :- â It is too timeconsumingâ, âThere is no staff to do itâ, âIâm not required to fillout the reportâ.

As a student of ACC200, what are your thoughts? (10 marks)

Controls

Under what conditions is MRP more suitable than JIT and viceversa? (5 Marks)

Corporate Networks

What is a VPN and why would an organisation invest in one? (5marks)

What benefits can RFID provide to an organisation that wouldoutweigh the costs? (5 Marks)

What part does a router play in a simple network? (2 marks)

Discuss the difference between operating system software andapplication software and how they are used in a corporate network.(5 marks)

CLST 103 Lecture 26: CLST 103 W11L3

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