[jeff]

Free Study Planner, Notes, Audio, Flashcards: https://www.another71.com/cpa-exam-study-plan/

Free CPA Exam Survival Guide: https://www.another71.com/cpa-exam-survival-guide/

[jstay]

EDI- more secure (VAN), batch processing (slower) more expensive

E-commerce- less secure (internet) less expenseive?. uses internet- so faster

[Leena_1101]

Communication without the use of paper

EFTs and Sales over the internet

Simplification of recording process with scanning devices

Sending information to trading partners as transaction occurs

[Anonymous]

Was thinking EDI resulted in reduced costs……less paper documentation, less errors and sometimes discounts for using EDI.

[jstay]

Which one of the following statements concerning cash flow determination for capital budgeting purposes is incorrect?

A.

Tax depreciation must be considered since it affects cash payments for taxes

B.

Book depreciation is relevant since it affects net income.

C.

Sunk costs are not incremental flows and should not be included.

D.

Net working capital changes should be included in cash flow forecasts.

[jstay]

casa, my becker book says more expensive. i think i had a ninja question saying something along the lines that usually it.

involves some type of software that needs to transform the traditional format into EDI format.

Becker: Costs of EDI:

-Legal Costs- modifying negotiating trading contracts with trading partners

-hardware costs- costs of servers, modems, routers

-Costs of Translation software- maintaing the translation software to translate data into EDI formats

– costs of data transmission- has been decreasing, especially with use of inernet for EDI

– process reengineering and employee training costs

-costs associated with security, monitoring, etc

[Leena_1101]

I think the companies are sometimes required to have translation software for security purposes and that could make it expensive… costs are higher for setting up and then eventually reduces cost for operations?

[lauren725]

EDI is more expensive using a VAN, less expensive using the internet. But overall less expensive than using paper. correct?

AUD - 73,91
FAR - 79 - Thank you God!
BEC - 73,79!!!!
REG - 92 whatttt??!

I used Becker review + flashcards, Ninja Audio, Ninja MCQ supplement on BEC and REG.

Done! Praise God!

[Leena_1101]

@Lauren correct on the EDI is more expensive using a VAN, less expensive using the internet .. not sure on the paper part

[Leena_1101]

Seven Steps design for system design and process improvement ??

[jstay]

Leena,

is it

Analysis

Design- Conceptual & Physical

Implement

Test

Train

Operate (or something to this degree)

[Anonymous]

Becker mentions 6……ADITTO

Analyze

Design (conceptual and physical)

Implementation

Training

Testing

Operations and Maintenence

[jstay]

yeah thats what i was thinking, they probably count design as two separate. this is good tough, keep it coming cause we are all learning collectively, hopefully it gives us the edge on exam day!

[Anonymous]

Found another list that has plan and develop

[Anonymous]

What are the 7 criteria for COBIT?

[Leena_1101]

Planning

Analysis

Design

Develop

Testing

Implementation

Maintenance

[Author]

Replies