Question 1

Which of the following is not a primary objective of coding systems today?

Accepted Answer

A) To compress data 
B) To uniquely identify objects 
C) To convey special meanings that are not apparent to the public-at-large 
D) To use numbers instead of alphabetic characters in order to save on computer data storage costs 
A) To compress data 
B) To uniquely identify objects 
C) To convey special meanings that are not apparent to the public-at-large 
D) To use numbers instead of alphabetic characters in order to save on computer data storage costs D

Question 2

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 3

The primary objective in processing revenues is to:

Accepted Answer

A) Sell as many goods as possible 
B) Achieve timely and efficient cash collection 
C) Maximize an organization's sales orders 
D) Only sell goods to customers who can pay their bills 
A) Sell as many goods as possible 
B) Achieve timely and efficient cash collection 
C) Maximize an organization's sales orders 
D) Only sell goods to customers who can pay their bills B

Question 4

An important input to the sales process is:

Accepted Answer

A) A customer sales order 
B) The cash forecast 
C) Aged accounts receivable information 
D) A receiving report 
A) A customer sales order 
B) The cash forecast 
C) Aged accounts receivable information 
D) A receiving report

Question 5

The Year 2000 problem was a prime example of:

Accepted Answer

A) Information overload 
B) A coding problem 
C) Poorly designed report structures 
D) The short-sightedness of accountants 
A) Information overload 
B) A coding problem 
C) Poorly designed report structures 
D) The short-sightedness of accountants

Question 6

Debit/credit memoranda are issued when there is a discrepancy about the amount owed or when goods are returned.

Accepted Answer

A) True 
 B)False

Question 7

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

Question 8

The AIS should bill customers for goods at the time they are ordered.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

A shipping notice is a source document that accompanies goods sent to a customer.

Accepted Answer

A) True 
 B)False

Question 11

In the sales process, in an online environment, ______ occurs before ______.

Accepted Answer

A) Customer payment, customer order 
B) Customer payment, shipping notice 
C) Vendor order, vendor payment 
D) Work in process, finished goods 
A) Customer payment, customer order 
B) Customer payment, shipping notice 
C) Vendor order, vendor payment 
D) Work in process, finished goods

Question 12

Which of the following statements best describes a business process?

Accepted Answer

A) It is a collection of activities in an organization that creates value 
B) The nature and type of processes might vary from industry to industry 
C) It is an activity that increases and/or decreases dollar amounts on the financial statements 
D) It is an economic event in the life of an organization 
A) It is a collection of activities in an organization that creates value 
B) The nature and type of processes might vary from industry to industry 
C) It is an activity that increases and/or decreases dollar amounts on the financial statements 
D) It is an economic event in the life of an organization

Question 13

The information management wants to see in ______ determines many of the fields in the firm's ______.

Accepted Answer

A) Subforms, queries 
B) Reports, database 
C) Ledgers, journal entries 
D) Business processes, EDI 
A) Subforms, queries 
B) Reports, database 
C) Ledgers, journal entries 
D) Business processes, EDI

Question 14

Forecasting cash flows:

Accepted Answer

A) Is an objective of transaction processing 
B) Is never considered an objective of transaction processing 
C) Is only possible in computerized AISs 
D) Is considered as a risky activity with which accountants should not be associated 
A) Is an objective of transaction processing 
B) Is never considered an objective of transaction processing 
C) Is only possible in computerized AISs 
D) Is considered as a risky activity with which accountants should not be associated

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Well-designed output reports are characterized by all but which of the following?

Accepted Answer

A) They are useful 
B) They are conveniently formatted 
C) They never include graphs 
D) They are easily identifiable 
A) They are useful 
B) They are conveniently formatted 
C) They never include graphs 
D) They are easily identifiable

Question 17

Codes are seldom used in an AIS because they use excess space.

Accepted Answer

A) True 
 B)False

Question 18

Which source document is used to request goods?

Accepted Answer

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

Question 19

Which of the following is an objective of the purchasing process?

Accepted Answer

A) Collecting information for the financial statements 
B) Making timely and accurate vendor payments 
C) Forecasting cash requirements 
D) Tracking bills of lading 
A) Collecting information for the financial statements 
B) Making timely and accurate vendor payments 
C) Forecasting cash requirements 
D) Tracking bills of lading

Question 20

Block codes consist of a combination of a sequence code and a mnemonic code.

Accepted Answer

A) True 
 B)False

Which of the following is not a primary objective of coding systems today?

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

The primary objective in processing revenues is to:

An important input to the sales process is:

The Year 2000 problem was a prime example of:

Debit/credit memoranda are issued when there is a discrepancy about the amount owed or when goods are returned.

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

The AIS should bill customers for goods at the time they are ordered.

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

A shipping notice is a source document that accompanies goods sent to a customer.

In the sales process, in an online environment, occurs before .

Which of the following statements best describes a business process?

The information management wants to see in determines many of the fields in the firm's .

Forecasting cash flows:

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

Well-designed output reports are characterized by all but which of the following?

Codes are seldom used in an AIS because they use excess space.

Which source document is used to request goods?

Which of the following is an objective of the purchasing process?

Block codes consist of a combination of a sequence code and a mnemonic code.

Accounting Information Systems and the Accountant

Information Technology and Aiss

Data Modeling

Organizing and Manipulating the Data in Databases

Database Forms and Reports

Documenting Accounting Information Systems

Accounting Information Systems and Business Processes: Part II

Introduction to Internal Control Systems

Computer Controls for Organizations and Accounting Information Systems

Computer Crime, Fraud, Ethics, and Privacy

Information Technology Auditing

Developing and Implementing Effective Accounting Information Systems

Accounting on the Internet

Accounting and Enterprise Software

Filters

Exam 7: Accounting Information Systems and Business Processes: Part I

Which of the following is not a primary objective of coding systems today?

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

The primary objective in processing revenues is to:

An important input to the sales process is:

The Year 2000 problem was a prime example of:

Debit/credit memoranda are issued when there is a discrepancy about the amount owed or when goods are returned.

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

The AIS should bill customers for goods at the time they are ordered.

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

A shipping notice is a source document that accompanies goods sent to a customer.

In the sales process, in an online environment, ______ occurs before ______.

Which of the following statements best describes a business process?

The information management wants to see in ______ determines many of the fields in the firm's ______.

Forecasting cash flows:

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

Well-designed output reports are characterized by all but which of the following?

Codes are seldom used in an AIS because they use excess space.

Which source document is used to request goods?

Which of the following is an objective of the purchasing process?

Block codes consist of a combination of a sequence code and a mnemonic code.

Accounting Information Systems and the Accountant

Information Technology and Aiss

Data Modeling

Organizing and Manipulating the Data in Databases

Database Forms and Reports

Documenting Accounting Information Systems

Accounting Information Systems and Business Processes: Part II

Introduction to Internal Control Systems

Computer Controls for Organizations and Accounting Information Systems

Computer Crime, Fraud, Ethics, and Privacy

Information Technology Auditing

Developing and Implementing Effective Accounting Information Systems

Accounting on the Internet

Accounting and Enterprise Software

Filters

In the sales process, in an online environment, occurs before .

The information management wants to see in determines many of the fields in the firm's .