Question 1

Which of the following is not one of broad categories of controls?

Accepted Answer

A) The risk that assets will be stolen or misused. 
B) The risk of errors in accounting data or information. 
C) The risk of loss due to a natural disaster. 
D) The risk of fraudulent activity by employees. 
A) The risk that assets will be stolen or misused. 
B) The risk of errors in accounting data or information. 
C) The risk of loss due to a natural disaster. 
D) The risk of fraudulent activity by employees.

Question 2

The organization and control of all materials, funds, and related information in the logistics process, from the acquisition of raw materials to the delivery of finished products to the end user is referred to as:

Accepted Answer

A) Supply Chain Management 
B) Management Information System 
C) Logistics Management 
D) IT Enablement 
A) Supply Chain Management 
B) Management Information System 
C) Logistics Management 
D) IT Enablement

Question 3

Although accountants are heavily involved in the creation, implementation, and monitoring of the control structure, management has the ultimate responsibility to establish a control environment.

Accepted Answer

A) True 
 B)False

Question 4

The purpose of this 2002 act was to improve financial reporting and reinforce the importance of corporate ethics.

Accepted Answer

A) Foreign Corrupt Practices Act 
B) Sarbanes-Oxley Act 
C) Securities and Exchange Act 
D) Treadway Act 
A) Foreign Corrupt Practices Act 
B) Sarbanes-Oxley Act 
C) Securities and Exchange Act 
D) Treadway Act

Question 5

When a company receives returned goods from a customer, the business process to accept the return would most likely be an):

Accepted Answer

A) Administrative process 
B) Conversion process 
C) Expenditure process 
D) Revenue process 
A) Administrative process 
B) Conversion process 
C) Expenditure process 
D) Revenue process

Question 6

Which of the following is not a part of risk analysis?

Accepted Answer

A) Risk management 
B) Event Identification 
C) Risk Response 
D) Risk Assessment 
A) Risk management 
B) Event Identification 
C) Risk Response 
D) Risk Assessment

Question 7

The smallest unit of information in a computer system can have only one of two values, zero or one, and is referred to as an):

Accepted Answer

A) Field 
B) Record 
C) Byte 
D) Bit 
A) Field 
B) Record 
C) Byte 
D) Bit

Question 8

A type of online processing where a transaction is processed immediately so that the output is available immediately is termed:

Accepted Answer

A) Virtual Processing 
B) Sequential Processing 
C) Real-Time Processing 
D) Batch Processing 
A) Virtual Processing 
B) Sequential Processing 
C) Real-Time Processing 
D) Batch Processing

Question 9

There are two modes of processing transactions in accounting systems.The mode that requires all similar transactions be grouped together and be processed at the same time, is referred to as:

Accepted Answer

A) Batch Processing 
B) Online Processing 
C) Real-time Processing 
D) Sequential Processing 
A) Batch Processing 
B) Online Processing 
C) Real-time Processing 
D) Sequential Processing

Question 10

Traditional accounting software is much more comprehensive and encompassing that ERP software.

Accepted Answer

A) True 
 B)False

Question 11

When files are organized as sequential access, and the user needs to access record number 250, the previous 249 records will be read by the computer before reading record number 250.

Accepted Answer

A) True 
 B)False

Question 12

The correct order of the computer data hierarchy is:

Accepted Answer

A) Byte, bit, record, field, file, database 
B) Bit, byte, record, field, file, database 
C) Bit, byte, field, record, file, database 
D) Bit, byte, field, record, database, file 
A) Byte, bit, record, field, file, database 
B) Bit, byte, record, field, file, database 
C) Bit, byte, field, record, file, database 
D) Bit, byte, field, record, database, file

Question 13

A collection of data stored on a computer in a form that allows the data to be easily accessed, retrieved, manipulated, and stored is referred to as an):

Accepted Answer

A) Accounting Information System 
B) Information Technology 
C) Database 
D) Master File 
A) Accounting Information System 
B) Information Technology 
C) Database 
D) Master File

Which of the following is not one of broad categories of controls?

The organization and control of all materials, funds, and related information in the logistics process, from the acquisition of raw materials to the delivery of finished products to the end user is referred to as:

Although accountants are heavily involved in the creation, implementation, and monitoring of the control structure, management has the ultimate responsibility to establish a control environment.

The purpose of this 2002 act was to improve financial reporting and reinforce the importance of corporate ethics.

When a company receives returned goods from a customer, the business process to accept the return would most likely be an):

Which of the following is not a part of risk analysis?

The smallest unit of information in a computer system can have only one of two values, zero or one, and is referred to as an):

A type of online processing where a transaction is processed immediately so that the output is available immediately is termed:

There are two modes of processing transactions in accounting systems.The mode that requires all similar transactions be grouped together and be processed at the same time, is referred to as:

Traditional accounting software is much more comprehensive and encompassing that ERP software.

When files are organized as sequential access, and the user needs to access record number 250, the previous 249 records will be read by the computer before reading record number 250.

The correct order of the computer data hierarchy is:

A collection of data stored on a computer in a form that allows the data to be easily accessed, retrieved, manipulated, and stored is referred to as an):

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

Which of the following is not one of broad categories of controls?

The organization and control of all materials, funds, and related information in the logistics process, from the acquisition of raw materials to the delivery of finished products to the end user is referred to as:

Although accountants are heavily involved in the creation, implementation, and monitoring of the control structure, management has the ultimate responsibility to establish a control environment.

The purpose of this 2002 act was to improve financial reporting and reinforce the importance of corporate ethics.

When a company receives returned goods from a customer, the business process to accept the return would most likely be an):

Which of the following is not a part of risk analysis?

The smallest unit of information in a computer system can have only one of two values, zero or one, and is referred to as an):

A type of online processing where a transaction is processed immediately so that the output is available immediately is termed:

There are two modes of processing transactions in accounting systems.The mode that requires all similar transactions be grouped together and be processed at the same time, is referred to as:

Traditional accounting software is much more comprehensive and encompassing that ERP software.

When files are organized as sequential access, and the user needs to access record number 250, the previous 249 records will be read by the computer before reading record number 250.

The correct order of the computer data hierarchy is:

A collection of data stored on a computer in a form that allows the data to be easily accessed, retrieved, manipulated, and stored is referred to as an):

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