Question 1

There are two modes of processing transactions in accounting systems.The mode that will record transactions, one at a 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 B

Question 2

The company's development and adherence to this should reduce the opportunities for managements or employees to conduct fraud.

Accepted Answer

A) Code of ethics 
B) Internal control structure 
C) Application controls 
D) Corporate governance 
A) Code of ethics 
B) Internal control structure 
C) Application controls 
D) Corporate governance A

Question 3

The entities, processes, and information flows that involve the movement of materials, funds, and related information through the full logistics process, from the acquisition of raw materials to the delivery of the finished products to the end use is a set of linked activities referred to as:

Accepted Answer

A) Management Information System 
B) Supply Chain 
C) Accounting Information System 
D) Logistics Management 
A) Management Information System 
B) Supply Chain 
C) Accounting Information System 
D) Logistics Management B

Question 4

The process of searching for identifiable patterns in data is called:

Accepted Answer

A) Sequential processing 
B) Data warehousing 
C) Data mining 
D) Real-time processing 
A) Sequential processing 
B) Data warehousing 
C) Data mining 
D) Real-time processing

Question 5

This term refers to a system of hardware and software that captures retail sales transactions by standard bar coding.

Accepted Answer

A) E-business 
B) Electronic data interchange 
C) Point of sale system 
D) E-commerce 
A) E-business 
B) Electronic data interchange 
C) Point of sale system 
D) E-commerce

Question 6

Accountants have some form of use of the AIS in all but which role?

Accepted Answer

A) User 
B) Programmer 
C) Auditor 
D) Designer 
A) User 
B) Programmer 
C) Auditor 
D) Designer

Question 7

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 8

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

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 9

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 10

An integrated collection of enterprise-wide data that includes five to ten fiscal years of non-volatile data, used to support management in decision making and planning is referred to as:

Accepted Answer

A) Operational Database 
B) Relational Database 
C) Data Storage 
D) Data Warehouse 
A) Operational Database 
B) Relational Database 
C) Data Storage 
D) Data Warehouse

Question 11

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 12

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 13

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 14

Which of the following statements is false?

Accepted Answer

A) A data warehouse is an integrated collection of enterprise-wide data that generally includes multiple years of nonvolatile data 
B) When performing month end close and preparing monthly financial statements, an accountant would typically run reports from information stored in the company's data warehouse. 
C) Data in a data warehouse is used to support management in decision making and planning 
D) Data mining is the process of searching data within the data warehouse for identifiable patters than can be used to predict future behavior. 
A) A data warehouse is an integrated collection of enterprise-wide data that generally includes multiple years of nonvolatile data 
B) When performing month end close and preparing monthly financial statements, an accountant would typically run reports from information stored in the company's data warehouse. 
C) Data in a data warehouse is used to support management in decision making and planning 
D) Data mining is the process of searching data within the data warehouse for identifiable patters than can be used to predict future behavior.

Question 15

This type of database contains the data that are continually updated as transactions are processed and includes data for the current fiscal year and supports day-to-day operations is referred to as a(n):

Accepted Answer

A) Data Warehouse 
B) Data Storage 
C) Relational Database 
D) Operational Database 
A) Data Warehouse 
B) Data Storage 
C) Relational Database 
D) Operational Database

Question 16

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

Question 17

Five different components of the accounting information system were presented in the textbook.Which of the following is not one of those components?

Accepted Answer

A) Work steps within a business process intended to capture accounting data as the business process occurs. 
B) Work steps that are internal controls within the business process to safeguard assets and to ensure the accuracy and completeness of the data. 
C) Work steps that generate both internal and external reports. 
D) Work steps to assure that all business processes are recorded using computer-based procedures. 
A) Work steps within a business process intended to capture accounting data as the business process occurs. 
B) Work steps that are internal controls within the business process to safeguard assets and to ensure the accuracy and completeness of the data. 
C) Work steps that generate both internal and external reports. 
D) Work steps to assure that all business processes are recorded using computer-based procedures.

Question 18

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 19

An invoice-less system in which computer hardware and software complete an invoice-less match that is a comparison of the purchase order with the goods received is termed:

Accepted Answer

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

Question 20

When discussing the supply chain:

Accepted Answer

A) Any concern about vendors would relate only to those vendors with which a company has direct contact. 
B) Service providers would not be part of the supply chain. 
C) Concern would not extend beyond the point where the product is shipped to a customer. 
D) An entity may not be able to directly control all of the interrelated activities within the supply chain. 
A) Any concern about vendors would relate only to those vendors with which a company has direct contact. 
B) Service providers would not be part of the supply chain. 
C) Concern would not extend beyond the point where the product is shipped to a customer. 
D) An entity may not be able to directly control all of the interrelated activities within the supply chain.

There are two modes of processing transactions in accounting systems.The mode that will record transactions, one at a time, is referred to as:

The company's development and adherence to this should reduce the opportunities for managements or employees to conduct fraud.

The entities, processes, and information flows that involve the movement of materials, funds, and related information through the full logistics process, from the acquisition of raw materials to the delivery of the finished products to the end use is a set of linked activities referred to as:

The process of searching for identifiable patterns in data is called:

This term refers to a system of hardware and software that captures retail sales transactions by standard bar coding.

Accountants have some form of use of the AIS in all but which role?

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

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

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

An integrated collection of enterprise-wide data that includes five to ten fiscal years of non-volatile data, used to support management in decision making and planning is referred to as:

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 general types of business processes identified by the textbook?

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

Which of the following statements is false?

This type of database contains the data that are continually updated as transactions are processed and includes data for the current fiscal year and supports day-to-day operations is referred to as a(n):

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

Five different components of the accounting information system were presented in the textbook.Which of the following is not one of those components?

Output from an accounting information system would NOT include:

An invoice-less system in which computer hardware and software complete an invoice-less match that is a comparison of the purchase order with the goods received is termed:

When discussing the supply chain:

Foundational Concepts of the AIS

Fraud, Ethics, and Internal Control

Internal Controls and Risks in IT Systems

IT Governance

Enterprise Resource Planning ERP Systems

Auditing Information Technology-Based Processes

Revenue and Cash Collection Processes and Controls

Expenditures Processes and Controlspurchases

Expenditures Processes and Controlspayroll and Fixed Assets

Conversion Processes and Controls

Administrative Processes and Controls

Data and Databases

E-Commerce and E-Business

Filters

Exam 1: Introduction to AIS

There are two modes of processing transactions in accounting systems.The mode that will record transactions, one at a time, is referred to as:

The company's development and adherence to this should reduce the opportunities for managements or employees to conduct fraud.

The entities, processes, and information flows that involve the movement of materials, funds, and related information through the full logistics process, from the acquisition of raw materials to the delivery of the finished products to the end use is a set of linked activities referred to as:

The process of searching for identifiable patterns in data is called:

This term refers to a system of hardware and software that captures retail sales transactions by standard bar coding.

Accountants have some form of use of the AIS in all but which role?

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

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

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

An integrated collection of enterprise-wide data that includes five to ten fiscal years of non-volatile data, used to support management in decision making and planning is referred to as:

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 general types of business processes identified by the textbook?

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

Which of the following statements is false?

This type of database contains the data that are continually updated as transactions are processed and includes data for the current fiscal year and supports day-to-day operations is referred to as a(n):

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

Five different components of the accounting information system were presented in the textbook.Which of the following is not one of those components?

Output from an accounting information system would NOT include:

An invoice-less system in which computer hardware and software complete an invoice-less match that is a comparison of the purchase order with the goods received is termed:

When discussing the supply chain:

Foundational Concepts of the AIS

Fraud, Ethics, and Internal Control

Internal Controls and Risks in IT Systems

IT Governance

Enterprise Resource Planning ERP Systems

Auditing Information Technology-Based Processes

Revenue and Cash Collection Processes and Controls

Expenditures Processes and Controlspurchases

Expenditures Processes and Controlspayroll and Fixed Assets

Conversion Processes and Controls

Administrative Processes and Controls

Data and Databases

E-Commerce and E-Business

Filters