Why Are Threats to Accounting Information Systems Increasing

question 88

Multiple Choice

Why are threats to accounting information systems increasing?

• A) Many companies do not realize that data security is crucial to their survival.
• B) LANs and client/server systems are easier to control than centralized, mainframe systems.
• C) Many companies believe that protecting information is a strategic requirement.
• D) Computer control problems are often overestimated and overly emphasized by management.

Understand the relationship between the mean, standard deviation, and shape of the normal distribution curve.

Calculate percentages related to the lower or upper tails of the normal distribution.

Use z-scores to identify outliers within a dataset.

Interpret the implications of changing mean and/or standard deviation on the distribution of data.

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Definitions:

Bond Discount

Bond discount occurs when a bond is issued for less than its face value, with the discount amount representing the difference between the bond's face value and issued price.

Carrying Value

The book value of assets and liabilities reported on the balance sheet, calculated as original cost less any depreciation, amortization, or impairment costs.

GAAP

Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction.

Market Value

The current price at which an asset or service can be bought or sold in a fair and open market.