Question 1

The purchasing process begins with a request for goods or services and ends with payment to the vendor.

Accepted Answer

A) True 
 B)False  True

Question 2

Which of the following is not an objective of the sales process?

Accepted Answer

A) Controlling inventory 
B) Tracking sales of goods and/or services to customers 
C) Billing for goods and services 
D) Forecasting sales and cash receipts 
A) Controlling inventory 
B) Tracking sales of goods and/or services to customers 
C) Billing for goods and services 
D) Forecasting sales and cash receipts A

Question 3

The purchasing process begins with a request for goods or services and ends with receipt of the goods or services.

Accepted Answer

A) True 
 B)False  False

Question 4

The first trial balance produced by an AIS in the accounting cycle, is the adjusted trial balance.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not an objective of the purchasing process?

Accepted Answer

A) Fastest possible processing of payments to vendors 
B) Maintaining vendor records 
C) Forecasting cash outflows 
A) Fastest possible processing of payments to vendors 
B) Maintaining vendor records 
C) Forecasting cash outflows

Question 6

Which source document is used to request goods?

Accepted Answer

A) Shipping notice 
B) Purchase requisition 
C) Sales order 
A) Shipping notice 
B) Purchase requisition 
C) Sales order

Question 7

The first step in the accounting cycle is to post a transaction to the ledger.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is not usually a design consideration in coding systems?

Accepted Answer

A) Standardization 
B) Government regulation 
C) Plans for future expansion 
A) Standardization 
B) Government regulation 
C) Plans for future expansion

Question 9

All of the following are inputs (source documents)to the purchasing process except:

Accepted Answer

A) Purchase order 
B) Vendor invoice 
C) Bill of lading 
D) all of the above are source documents to the purchasing process 
A) Purchase order 
B) Vendor invoice 
C) Bill of lading 
D) all of the above are source documents to the purchasing process

Question 10

Three primary concerns of a data collection process are accuracy, timeliness, and cost-effectiveness.

Accepted Answer

A) True 
 B)False

Question 11

An AIS includes certain source documents to control sales and accounts receivable.The most complete set of documents for a manufacturer would include:

Accepted Answer

A) Purchase order, receiving report, shipping notice, sales invoice, customer remittance advice, bank deposit slip. 
B) Sales order, receiving report, sales invoice, customer remittance advice. 
C) Inventory reports of goods needed, purchase order, receiving report, vendor invoice. 
A) Purchase order, receiving report, shipping notice, sales invoice, customer remittance advice, bank deposit slip. 
B) Sales order, receiving report, sales invoice, customer remittance advice. 
C) Inventory reports of goods needed, purchase order, receiving report, vendor invoice.

Question 12

Which of the following is not one of the trial balances typically produced as part of the financial accounting cycle?

Accepted Answer

A) Closing trial balance 
B) Unadjusted trial balance 
C) Adjusted trial balance 
D) Post-closing trial balance 
A) Closing trial balance 
B) Unadjusted trial balance 
C) Adjusted trial balance 
D) Post-closing trial balance

Question 13

Block codes are commonly used in constructing charts of accounts.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following statements best describes business process outsourcing?

Accepted Answer

A) A company focuses on its core business processes and contracts with another firm to do the other processes 
B) Companies frequently outsource core business processes 
C) Due to networked enterprises and advanced technology, more employees may work from their homes or alternate locations 
D) Companies engaged in business process outsourcing to offer employees more opportunities to travel and more career choices for advancement 
A) A company focuses on its core business processes and contracts with another firm to do the other processes 
B) Companies frequently outsource core business processes 
C) Due to networked enterprises and advanced technology, more employees may work from their homes or alternate locations 
D) Companies engaged in business process outsourcing to offer employees more opportunities to travel and more career choices for advancement

Question 15

A cash disbursements journal is an example of a special journal.

Accepted Answer

A) True 
 B)False

Question 16

Inputs to transaction processing systems:

Accepted Answer

A) Are best when input in a graphical format 
B) May be in an electronic format when an EDI system is used 
C) May never be audio 
A) Are best when input in a graphical format 
B) May be in an electronic format when an EDI system is used 
C) May never be audio

Question 17

A shipping notice is a source document that serves as a packing slip and accompanies goods sent to a customer.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following outputs (reports)result from both the sales process and the purchasing process?

Accepted Answer

A) Sales analysis reports 
B) Financial statement information 
C) both cash flow forecasts and financial statement information 
D) none of the above 
A) Sales analysis reports 
B) Financial statement information 
C) both cash flow forecasts and financial statement information 
D) none of the above

Question 19

Managerial reports are the primary output of the financial accounting system.

Accepted Answer

A) True 
 B)False

Question 20

Much of the input and output related to business processes is now electronic.Which of the following technologies is popular to manage inventory?

Accepted Answer

A) EDI 
B) RFID tags 
C) Magnetic ink characters that can be quickly and easily scanned 
D) Bluetooth and wireless-enabled laptop computers 
A) EDI 
B) RFID tags 
C) Magnetic ink characters that can be quickly and easily scanned 
D) Bluetooth and wireless-enabled laptop computers

The purchasing process begins with a request for goods or services and ends with payment to the vendor.

Which of the following is not an objective of the sales process?

The purchasing process begins with a request for goods or services and ends with receipt of the goods or services.

The first trial balance produced by an AIS in the accounting cycle, is the adjusted trial balance.

Which of the following is not an objective of the purchasing process?

Which source document is used to request goods?

The first step in the accounting cycle is to post a transaction to the ledger.

Which of the following is not usually a design consideration in coding systems?

All of the following are inputs (source documents)to the purchasing process except:

Three primary concerns of a data collection process are accuracy, timeliness, and cost-effectiveness.

An AIS includes certain source documents to control sales and accounts receivable.The most complete set of documents for a manufacturer would include:

Which of the following is not one of the trial balances typically produced as part of the financial accounting cycle?

Block codes are commonly used in constructing charts of accounts.

Which of the following statements best describes business process outsourcing?

A cash disbursements journal is an example of a special journal.

Inputs to transaction processing systems:

A shipping notice is a source document that serves as a packing slip and accompanies goods sent to a customer.

Which of the following outputs (reports)result from both the sales process and the purchasing process?

Managerial reports are the primary output of the financial accounting system.

Much of the input and output related to business processes is now electronic.Which of the following technologies is popular to manage inventory?

Accounting Information Systems and the Accountant

Accounting on the Internet

Information Technology and Aiss

Accounting and Data Analytics

Integrated Accounting and Enterprise Software

Introduction to Internal Control Systems and Risk Management

Computer Controls for Organizations and Accounting Information Systems

Accounting Information Systems and Business Processes: Part II

Cybercrime, Fraud, and Ethics

Information Technology Auditing

Documenting Accounting Information Systems

Developing and Implementing Effective Accounting Information Systems

Database Design

Organizing and Manipulating the Data in Databases

Database Forms and Reports

Filters

Exam 8: Accounting Information Systems and Business Processes: Part I

The purchasing process begins with a request for goods or services and ends with payment to the vendor.

Which of the following is not an objective of the sales process?

The purchasing process begins with a request for goods or services and ends with receipt of the goods or services.

The first trial balance produced by an AIS in the accounting cycle, is the adjusted trial balance.

Which of the following is not an objective of the purchasing process?

Which source document is used to request goods?

The first step in the accounting cycle is to post a transaction to the ledger.

Which of the following is not usually a design consideration in coding systems?

All of the following are inputs (source documents)to the purchasing process except:

Three primary concerns of a data collection process are accuracy, timeliness, and cost-effectiveness.

An AIS includes certain source documents to control sales and accounts receivable.The most complete set of documents for a manufacturer would include:

Which of the following is not one of the trial balances typically produced as part of the financial accounting cycle?

Block codes are commonly used in constructing charts of accounts.

Which of the following statements best describes business process outsourcing?

A cash disbursements journal is an example of a special journal.

Inputs to transaction processing systems:

A shipping notice is a source document that serves as a packing slip and accompanies goods sent to a customer.

Which of the following outputs (reports)result from both the sales process and the purchasing process?

Managerial reports are the primary output of the financial accounting system.

Much of the input and output related to business processes is now electronic.Which of the following technologies is popular to manage inventory?

Accounting Information Systems and the Accountant

Accounting on the Internet

Information Technology and Aiss

Accounting and Data Analytics

Integrated Accounting and Enterprise Software

Introduction to Internal Control Systems and Risk Management

Computer Controls for Organizations and Accounting Information Systems

Accounting Information Systems and Business Processes: Part II

Cybercrime, Fraud, and Ethics

Information Technology Auditing

Documenting Accounting Information Systems

Developing and Implementing Effective Accounting Information Systems

Database Design

Organizing and Manipulating the Data in Databases

Database Forms and Reports

Filters