Home Work 2

Which of the following describes a value-added activity:

*Essential to produce the processes' product *Required to produce the product or service given the current state of technology

To be valuable business partners, accountants must understand financial reporting and additionally they must understand: *risks that the business faces. *how the accounting system collects business process information. *how the accounting system summarizes business process information. *how leadership affects morale of the employees.

*risks that the business faces. *how the accounting system collects business process information. *how the accounting system summarizes business process information.

The Institute of Management Accounting Competency Framework defines how many areas of skills that accounting professionals need to remain relevant in a digital age?

6

True or false: A business process is a defined sequence of interactions with business customers.

False

True or false: BPMN models are presented right to left or top to bottom.

False

True or false: Documentation facilitates process improvement because it establishes how a process can be performed with fewer inputs and resources

False

True or false: In BPMN, there are three types of events: start, intermittent, and end events.

False

True or false: In a DFD, the level 0 diagram shows the highest level of detail.

False

True or false: Rapid changes in the global marketplace that affect the accounting profession have resulted in a focus on accountings' stewardship and reporting functions.

False

True or false: Sequence flows are used between pools, and messsage flows are used within pools.

False

The organization that maintains the specification for BPMN (business process modeling notation) is the _______ Management Group (OMG).

Object

Match the purpose of the flowchart symbol to the symbol.

Oval - Indicates the beginning of the process flow Rectangle - Steps in the process Arrow - Sequence flow Diamond - Portrays decisions and branching options

Which of the following is a business management support of the accounting/finance function?

Performance measurement, reporting and analysis

Which of the following is NOT a flow object?

Pool

Which of the following is NOT a type of BPMN activity?

Pool

Match the purpose of the BPMN symbol to the name of the BPMN symbol.

Pool - Identifies participants in a process Swimlane - Shows departments within organizations Message flow - Represents interactions between BPMN pools Sequence flows - Represents sequence of activities within BPMN pools

The accompanying diagram violates which of the following BPMN best practices?

Sequence flow clear from start to end

Match the description to the type of flowchart.

System - Provides an overall view of a system with inputs, activities, and outputs Document - Presents the flow of documents through an entity Process maps - Use basic symbols to represent the steps in a process

Which of the following is the best description on an association?

They connect data objects to activities

True or false: A sequence flow can only connect to flow objects.

True

True or false: Activity models show the sequence of workflow tasks in a business process.

True

True or false: Associations use arrowheads to show the direction of dataflow.

True

An activity model describes the sequence of workflow in

a business process.

In BPMN, the organization is identified by

a pool.

A graphical representation presents information more _________ than a written description.

concisely, succinctly, or concise

Which of the following is considered a best practice in BPMN modeling? *continuous flow from start to end events *clearly identify start events *avoid distracting detail *label activities with a noun

continuous flow from start to end events clearly identify start events avoid distracting detail

A data flow diagram (DFD) shows the flow of _____ through a system, such as one or more business processes.

data

The flow of data through a system is graphically represented by a _____.

data flow diagram

A business process is a ________ sequence of activities that uses resources to transform specific inputs into outputs to achieve a business goal.

defined

Accountants have four roles with respect to technology: users, managers,______ , and evaluators.

designers

Flowcharts model decisions with

diamonds

The CGMA Competency Framework describes four broad sets of skills anchored by a commitment to ___________ , integrity, and professionalism.

ethics

Documentation is important to businesses for all of the following reasons except: describing current processes standardized interactions training facilitating tax reporting facilitating process improvement

facilitating tax reporting

The CGMA Competency Framework classifies skills into ____ important sets.

four

In BPMN, organizations are modeled as pools and departments within organizations are modeled as _______ within a pool.

lanes or swimlanes

Like BPMN, flowcharts use ________ to show organization units or functions.

lanes or swimlanes

In a business process diagram, models are normally presented

left to right.

In BPMN, the interaction between two pools is modeled as a _________ flow.

message

Events include all of the following except

middle.

Business _____ allow the depiction of important features of business processes clearly and concisely.

models

Pools represent _______ in a process.

participants, participation, or organizations

Which of the following is NOT a role of accountants with respect to technology? programmers managers evaluators designers users

programmers

Flowchart tasks/activities are modeled with

rectangles

Deployment flowcharts show the sequence of steps in a process and organizational ____ for each step

responsibility

The Institute of Management Accounting Competency Framework defines _______ areas of skills that accounting professionals need to remain relevant.

six

A level 1.1 represents a _____ of a level 1 process

subprocess

Activities can depict tasks, processes, or

subprocesses

There are 3 types of flowcharts that differ according to the level of detail. The three types are:

system flowcharts document flowcharts process maps

To be valuable business partners, accountants must first _________ the business.

understand

Opportunity flowcharts use swimlanes to separate the activities that add _______ from those that only add costs to the process.

value or values