Question 1

Few accounting information systems rely on computer hardware and software to track business processes.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following statements, related to business processes, is false?

Accepted Answer

A) Each business process has a direct effect on the financial status of the organization. 
B) A business process is initiated by a particular kind of event. 
C) A business process has a well-defined beginning and end. 
D) Each business process is usually completed in a relatively short period. 
A) Each business process has a direct effect on the financial status of the organization. 
B) A business process is initiated by a particular kind of event. 
C) A business process has a well-defined beginning and end. 
D) Each business process is usually completed in a relatively short period.

Question 3

Which of the following groups of professionals within an organization have a history of designing and implementing the controls to lessen risks?

Accepted Answer

A) Management 
B) Accountants 
C) Human Resources 
D) Lawyers 
A) Management 
B) Accountants 
C) Human Resources 
D) Lawyers

Question 4

This system enables a vendor to present an invoice to its trading partner via the internet, eliminating the paper, printing, and postage costs of traditional paper invoicing.

Accepted Answer

A) Evaluated receipt settlement 
B) Electronic invoice presentation and payment 
C) Automated matching 
D) Electronic data interchange 
A) Evaluated receipt settlement 
B) Electronic invoice presentation and payment 
C) Automated matching 
D) Electronic data interchange

Question 5

Which of the following is NOT one of the three components of electronic data interchange?

Accepted Answer

A) Commerce - encompasses all forms of electronic trading. 
B) Intercompany - two or more companies conducting business electronically. 
C) Standard business format - necessary so that the various companies can interact and trade electronically. 
D) Computer to computer - indicates that each company's computers are connected via a network. 
A) Commerce - encompasses all forms of electronic trading. 
B) Intercompany - two or more companies conducting business electronically. 
C) Standard business format - necessary so that the various companies can interact and trade electronically. 
D) Computer to computer - indicates that each company's computers are connected via a network.

Question 6

Output from an accounting information system would NOT include:

Accepted Answer

A) Checks to vendors 
B) Invoices from vendors 
C) Customer statements 
D) Purchase orders 
A) Checks to vendors 
B) Invoices from vendors 
C) Customer statements 
D) Purchase orders

Question 7

A comprehensive report on enterprise risk management was issued by this organization.

Accepted Answer

A) American Accounting Association 
B) New York Stock Exchange 
C) Institute of Internal Auditors 
D) Committee on Sponsoring Organizations 
A) American Accounting Association 
B) New York Stock Exchange 
C) Institute of Internal Auditors 
D) Committee on Sponsoring Organizations

Question 8

There are very few business processes that have the potential to be improved by IT enablement.

Accepted Answer

A) True 
 B)False

Question 9

Each business process has a direct effect on the financial status of an organization.

Accepted Answer

A) True 
 B)False

Question 10

A multi-module software system designed to manage all aspects of an enterprise usually broken down into modules such as financials, sales, human resources, and manufacturing, is referred to as an):

Accepted Answer

A) Electronic data system 
B) Electronic data interchange 
C) Enterprise resource planning 
D) Electronic resource program 
A) Electronic data system 
B) Electronic data interchange 
C) Enterprise resource planning 
D) Electronic resource program

Question 11

An IT enabled system for purchasing that is an "invoice-less" system is called an):

Accepted Answer

A) Automated matching system 
B) Evaluated receipt settlement 
C) E-payables 
D) Point of sale system 
A) Automated matching system 
B) Evaluated receipt settlement 
C) E-payables 
D) Point of sale system

Question 12

This computer network is similar to a company's intranet except that it does allow access to selected outsiders, such as buyers, suppliers, distributors, and wholesalers.

Accepted Answer

A) Ultranet 
B) Internet 
C) Extranet 
D) LAN 
A) Ultranet 
B) Internet 
C) Extranet 
D) LAN

Question 13

It is likely that an accountant will select a career path, within accounting, that will not in some way, involve the use of an accounting information system.

Accepted Answer

A) True 
 B)False

Question 14

Each record is made up of related:

Accepted Answer

A) Files 
B) Bytes 
C) Name 
D) Fields 
A) Files 
B) Bytes 
C) Name 
D) Fields

Question 15

Online processing is the opposite of real-time processing.

Accepted Answer

A) True 
 B)False

Question 16

Online processing is best suited to sequential access files.

Accepted Answer

A) True 
 B)False

Question 17

Management has the responsibility, and the ability, to take action to reduce risks or to lessen the impact al nearly all risks an organization faces.The steps taken by management to lessen the risk or reduce the impact of the risk, are referred to as:

Accepted Answer

A) Programs 
B) Risk assessment 
C) Information evaluation 
D) Controls 
A) Programs 
B) Risk assessment 
C) Information evaluation 
D) Controls

Question 18

Which of the following is least likely to be an output of the accounting information system?

Accepted Answer

A) A check 
B) A report 
C) An invoice 
D) A bar code 
A) A check 
B) A report 
C) An invoice 
D) A bar code

Question 19

Which of the following is not one of the general types of business processes identified by the textbook?

Accepted Answer

A) Revenue Processes 
B) Expenditure Processes 
C) Conversion Processes 
D) Human Resource Processes 
A) Revenue Processes 
B) Expenditure Processes 
C) Conversion Processes 
D) Human Resource Processes

Question 20

The COSO report written for the purpose of assisting managers in the challenge of managing risk in their organization is entitled:

Accepted Answer

A) Internal Control - Integrated Framework 
B) Enterprise Risk Management - Integrated Framework 
C) Corporate Governance Guidance 
D) IT Governance Guidance 
A) Internal Control - Integrated Framework 
B) Enterprise Risk Management - Integrated Framework 
C) Corporate Governance Guidance 
D) IT Governance Guidance

Few accounting information systems rely on computer hardware and software to track business processes.

Which of the following statements, related to business processes, is false?

Which of the following groups of professionals within an organization have a history of designing and implementing the controls to lessen risks?

This system enables a vendor to present an invoice to its trading partner via the internet, eliminating the paper, printing, and postage costs of traditional paper invoicing.

Which of the following is NOT one of the three components of electronic data interchange?

Output from an accounting information system would NOT include:

A comprehensive report on enterprise risk management was issued by this organization.

There are very few business processes that have the potential to be improved by IT enablement.

Each business process has a direct effect on the financial status of an organization.

A multi-module software system designed to manage all aspects of an enterprise usually broken down into modules such as financials, sales, human resources, and manufacturing, is referred to as an):

An IT enabled system for purchasing that is an "invoice-less" system is called an):

This computer network is similar to a company's intranet except that it does allow access to selected outsiders, such as buyers, suppliers, distributors, and wholesalers.

It is likely that an accountant will select a career path, within accounting, that will not in some way, involve the use of an accounting information system.

Each record is made up of related:

Online processing is the opposite of real-time processing.

Online processing is best suited to sequential access files.

Management has the responsibility, and the ability, to take action to reduce risks or to lessen the impact al nearly all risks an organization faces.The steps taken by management to lessen the risk or reduce the impact of the risk, are referred to as:

Which of the following is least likely to be an output of the accounting information system?

Which of the following is not one of the general types of business processes identified by the textbook?

The COSO report written for the purpose of assisting managers in the challenge of managing risk in their organization is entitled:

Foundational Concepts of the AIS

Fraud, Ethics, and Internal Control

Internal Controls and Risks in IT Systems

IT Governance

Erp Systems

Auditing Information Technology Bases Processes

Revenue and Cash Collection Processes

Expenditures Processes and Controls - Purchases

Expenditures Processes and Controls Payroll and Fixed Assets

Conversion Processes and Controls

Administrative Processes and Controls

Data and Databases

Ecommerce and Ebusiness

Filters

Exam 1: Introduction to AIS

Few accounting information systems rely on computer hardware and software to track business processes.

Which of the following statements, related to business processes, is false?

Which of the following groups of professionals within an organization have a history of designing and implementing the controls to lessen risks?

This system enables a vendor to present an invoice to its trading partner via the internet, eliminating the paper, printing, and postage costs of traditional paper invoicing.

Which of the following is NOT one of the three components of electronic data interchange?

Output from an accounting information system would NOT include:

A comprehensive report on enterprise risk management was issued by this organization.

There are very few business processes that have the potential to be improved by IT enablement.

Each business process has a direct effect on the financial status of an organization.

A multi-module software system designed to manage all aspects of an enterprise usually broken down into modules such as financials, sales, human resources, and manufacturing, is referred to as an):

An IT enabled system for purchasing that is an "invoice-less" system is called an):

This computer network is similar to a company's intranet except that it does allow access to selected outsiders, such as buyers, suppliers, distributors, and wholesalers.

It is likely that an accountant will select a career path, within accounting, that will not in some way, involve the use of an accounting information system.

Each record is made up of related:

Online processing is the opposite of real-time processing.

Online processing is best suited to sequential access files.

Management has the responsibility, and the ability, to take action to reduce risks or to lessen the impact al nearly all risks an organization faces.The steps taken by management to lessen the risk or reduce the impact of the risk, are referred to as:

Which of the following is least likely to be an output of the accounting information system?

Which of the following is not one of the general types of business processes identified by the textbook?

The COSO report written for the purpose of assisting managers in the challenge of managing risk in their organization is entitled:

Foundational Concepts of the AIS

Fraud, Ethics, and Internal Control

Internal Controls and Risks in IT Systems

IT Governance

Erp Systems

Auditing Information Technology Bases Processes

Revenue and Cash Collection Processes

Expenditures Processes and Controls - Purchases

Expenditures Processes and Controls Payroll and Fixed Assets

Conversion Processes and Controls

Administrative Processes and Controls

Data and Databases

Ecommerce and Ebusiness

Filters