Question 1

The proper management, control, and use of IT systems are known as:

Accepted Answer

A) IT Governance 
B) IT Controls 
C) IT Risk Management 
D) IT Code of Ethics 
A) IT Governance 
B) IT Controls 
C) IT Risk Management 
D) IT Code of Ethics

Question 2

The proper order of activity in an accounting information system would be as follows:

Accepted Answer

A) Capture, Record, Process, Report 
B) Process, Record, Capture, Report 
C) Capture, Process, Report, Record 
D) Record, Capture, Process, Report 
A) Capture, Record, Process, Report 
B) Process, Record, Capture, Report 
C) Capture, Process, Report, Record 
D) Record, Capture, Process, Report

Question 3

A company's private network, accessible only to the employees of that company is the:

Accepted Answer

A) WAN 
B) Intranet 
C) Internet 
D) LAN 
A) WAN 
B) Intranet 
C) Internet 
D) LAN

Question 4

The COSO report, Internal Controls -- Integrated Framework, identified interrelated components of internal control.Which of the following is not one of those components?

Accepted Answer

A) Monitoring 
B) Risk assessment 
C) Control activities 
D) Enterprise risk management 
A) Monitoring 
B) Risk assessment 
C) Control activities 
D) Enterprise risk management

Question 5

The organization of files in a computer system normally uses one of two different access methods.The access method where the files are not stored in sequence, one record not stored immediately after another, is referred to as:

Accepted Answer

A) Indexed Access 
B) Batch Access 
C) Sequential Access 
D) Random Access 
A) Indexed Access 
B) Batch Access 
C) Sequential Access 
D) Random Access

Question 6

A set of related fields is referred to as a:

Accepted Answer

A) File 
B) Record 
C) Byte 
D) Binary Digit 
A) File 
B) Record 
C) Byte 
D) Binary Digit

Question 7

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 8

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 9

When a point of sale system is used and a customer checks out through a cash register, which of the following processes occur?

Accepted Answer

A) Net income is computed 
B) Inventory values are updated 
C) Accounts payable balances are updated 
D) Replacement inventory is purchased 
A) Net income is computed 
B) Inventory values are updated 
C) Accounts payable balances are updated 
D) Replacement inventory is purchased

Question 10

IT Controls can be divided into two categories, general controls and application controls.Which of the following is an example of a general control?

Accepted Answer

A) The alignment of a company's IT strategy with its business strategy 
B) The use of passwords to allow only authorized users to log into an IT-based accounting system 
C) The use of an elaborate set of checks and balances whereby a company's leadership is held accountable for building shareholder value 
D) A company performing background checks on employees of its IT department 
A) The alignment of a company's IT strategy with its business strategy 
B) The use of passwords to allow only authorized users to log into an IT-based accounting system 
C) The use of an elaborate set of checks and balances whereby a company's leadership is held accountable for building shareholder value 
D) A company performing background checks on employees of its IT department

Question 11

Accountants have several possible roles related to accounting information systems.Which of the following is not normally one of those roles?

Accepted Answer

A) Auditor of an AIS 
B) User of the AIS 
C) Programmer of the AIS 
D) Design of the AIS 
A) Auditor of an AIS 
B) User of the AIS 
C) Programmer of the AIS 
D) Design of the AIS

Question 12

This type of computer network spans a relatively small area, often confined to a single building or group of buildings, and is intended to connect computers within an organization.

Accepted Answer

A) Local Area Network 
B) Land Arena Network 
C) Extranet 
D) Internet 
A) Local Area Network 
B) Land Arena Network 
C) Extranet 
D) Internet

Question 13

An accounting information system serves many functions.Which of the following is NOT one of those functions?

Accepted Answer

A) Capture the details of a transaction 
B) Implement the start of a transaction 
C) Provide reports of transactions 
D) Process the transactions details into appropriate accounts 
A) Capture the details of a transaction 
B) Implement the start of a transaction 
C) Provide reports of transactions 
D) Process the transactions details into appropriate accounts

Question 14

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 a(n):

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 15

The process that must identify the transactions to be recorded, capture all the important details of the transactions, properly process the transaction details, and provide reports is termed the:

Accepted Answer

A) Revenue Process 
B) Expenditure Process 
C) Accounting Information System 
D) Business Process 
A) Revenue Process 
B) Expenditure Process 
C) Accounting Information System 
D) Business Process

Question 16

An elaborate system of checks and balances, whereby a company's leadership is held accountable for building shareholder value and creating confidence in the financial reporting processes, is referred to as:

Accepted Answer

A) Enterprise risk management 
B) Corporate governance 
C) Application controls 
D) Internal control structure 
A) Enterprise risk management 
B) Corporate governance 
C) Application controls 
D) Internal control structure

Question 17

Accounting software traditionally uses two different types of files.The file type that is relatively permanent and used to maintain the detailed data for each major process is a(n):

Accepted Answer

A) General Ledger 
B) Master File 
C) Transaction File 
D) Subsidiary File 
A) General Ledger 
B) Master File 
C) Transaction File 
D) Subsidiary File

Question 18

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

Accepted Answer

A) Record the accounting data in the appropriate records 
B) Generation of data to be part of the information system. 
C) Process the detailed accounting data. 
D) Report the summarized accounting data. 
A) Record the accounting data in the appropriate records 
B) Generation of data to be part of the information system. 
C) Process the detailed accounting data. 
D) Report the summarized accounting data.

Question 19

A collection of data stored in several small two-dimensional tables that can be joined together in many varying ways to represent many different kinds of relationships among the data is referred to as a(n):

Accepted Answer

A) Database 
B) Master File 
C) Relational Database 
D) Relation Based Accounting 
A) Database 
B) Master File 
C) Relational Database 
D) Relation Based Accounting

Question 20

A system of computer hardware and software in which the software matches an invoice to its related purchase order and receiving report is called:

Accepted Answer

A) Point of sale system 
B) Electronic data interchange 
C) Automated matching 
D) Evaluated receipt settlement 
A) Point of sale system 
B) Electronic data interchange 
C) Automated matching 
D) Evaluated receipt settlement

The proper management, control, and use of IT systems are known as:

The proper order of activity in an accounting information system would be as follows:

A company's private network, accessible only to the employees of that company is the:

The COSO report, Internal Controls -- Integrated Framework, identified interrelated components of internal control.Which of the following is not one of those components?

The organization of files in a computer system normally uses one of two different access methods.The access method where the files are not stored in sequence, one record not stored immediately after another, is referred to as:

A set of related fields is referred to as a:

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

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:

When a point of sale system is used and a customer checks out through a cash register, which of the following processes occur?

IT Controls can be divided into two categories, general controls and application controls.Which of the following is an example of a general control?

Accountants have several possible roles related to accounting information systems.Which of the following is not normally one of those roles?

This type of computer network spans a relatively small area, often confined to a single building or group of buildings, and is intended to connect computers within an organization.

An accounting information system serves many functions.Which of the following is NOT one of those functions?

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 a(n):

The process that must identify the transactions to be recorded, capture all the important details of the transactions, properly process the transaction details, and provide reports is termed the:

An elaborate system of checks and balances, whereby a company's leadership is held accountable for building shareholder value and creating confidence in the financial reporting processes, is referred to as:

Accounting software traditionally uses two different types of files.The file type that is relatively permanent and used to maintain the detailed data for each major process is a(n):

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

A collection of data stored in several small two-dimensional tables that can be joined together in many varying ways to represent many different kinds of relationships among the data is referred to as a(n):

A system of computer hardware and software in which the software matches an invoice to its related purchase order and receiving report is called:

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

The proper management, control, and use of IT systems are known as:

The proper order of activity in an accounting information system would be as follows:

A company's private network, accessible only to the employees of that company is the:

The COSO report, Internal Controls -- Integrated Framework, identified interrelated components of internal control.Which of the following is not one of those components?

The organization of files in a computer system normally uses one of two different access methods.The access method where the files are not stored in sequence, one record not stored immediately after another, is referred to as:

A set of related fields is referred to as a:

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

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:

When a point of sale system is used and a customer checks out through a cash register, which of the following processes occur?

IT Controls can be divided into two categories, general controls and application controls.Which of the following is an example of a general control?

Accountants have several possible roles related to accounting information systems.Which of the following is not normally one of those roles?

This type of computer network spans a relatively small area, often confined to a single building or group of buildings, and is intended to connect computers within an organization.

An accounting information system serves many functions.Which of the following is NOT one of those functions?

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 a(n):

The process that must identify the transactions to be recorded, capture all the important details of the transactions, properly process the transaction details, and provide reports is termed the:

An elaborate system of checks and balances, whereby a company's leadership is held accountable for building shareholder value and creating confidence in the financial reporting processes, is referred to as:

Accounting software traditionally uses two different types of files.The file type that is relatively permanent and used to maintain the detailed data for each major process is a(n):

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

A collection of data stored in several small two-dimensional tables that can be joined together in many varying ways to represent many different kinds of relationships among the data is referred to as a(n):

A system of computer hardware and software in which the software matches an invoice to its related purchase order and receiving report is called:

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