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NEW QUESTION: 1
The client entered a miscellaneous receipt by mistake; it was posted to General Ledger. Now the miscellaneous receipt needs to be reversed. Which method would you advise the client to use?
A. Create a receivable activity adjustment for the reversal of the miscellaneous receipt.
B. Carry out a standard reversal of the miscellaneous receipt.
C. Create an adjustment in receivables for the reversal of the effect of the miscellaneous receipt.
D. Create a journal entry in General Ledger to reverse the accounting impact created by the posting of the miscellaneous receipt.
E. Carry out a debit memo reversal of the miscellaneous receipt.
Answer: B

NEW QUESTION: 2
An online retailer has been experiencing tremendous growth in the past two years. Until now, they have been using a private cloud architecture to run their online business. In order to support the growth, they have decided to invest in hybrid cloud services.
What is a primary consideration when moving to a hybrid environment?
A. Service architecture is simplified
B. Software licensing a very complex
C. Service costs are high
D. Service consumption is low
Answer: C

NEW QUESTION: 3
Which choice below represents an application or system demonstrating
a need for a high level of confidentiality protection and controls?
A. Destruction of the information would require significant
expenditures of time and effort to replace. Although corrupted
information would present an inconvenience to the staff, most
information, and all vital information, is backed up by either paper
documentation or on disk.
B. The application contains proprietary business information and other
financial information, which if disclosed to unauthorized sources,
could cause an unfair advantage for vendors, contractors, or
individuals and could result in financial loss or adverse legal action
to user organizations.
C. Unavailability of the system could result in inability to meet payroll obligations and could cause work stoppage and failure of user organizations to meet critical mission requirements. The system
requires 24-hour access.
D. The mission of this system is to produce local weather forecast
information that is made available to the news media forecasters
and the general public at all times. None of the information requires
protection against disclosure.
Answer: B
Explanation:
Although elements of all of the systems described could require specific controls for confidentiality, given the descriptions above, system b fits the definition most closely of a system requiring a very high level of confidentiality. Answer a is an example of a system requiring high availability. Answer c is an example of a system that requires medium
integrity controls. Answer d is a system that requires only a low level of confidentiality.
Asystem may need protection for one or more of the following reasons:
Confidentiality. The system contains information that requires
protection from unauthorized disclosure.
Integrity. The system contains information that must be protected
from unauthorized, unanticipated, or unintentional modification.
Availability. The system contains information or provides services
which must be available on a timely basis to meet mission
requirements or to avoid substantial losses.
Source: NIST Special Publication 800-18, Guide for Developing Security Plans for Information Technology Systems