Question 1

In contrast to a batch processing system,in a real-time system

Accepted Answer

A)  a lag occurs between the time of the economic event and when the transaction is recorded 
B)  relatively fewer hardware, programming, and training resources are required 
C)  a lesser resource commitment per unit of output is required 
D)  processing takes place when the economic event occurs 
A)  a lag occurs between the time of the economic event and when the transaction is recorded 
B)  relatively fewer hardware, programming, and training resources are required 
C)  a lesser resource commitment per unit of output is required 
D)  processing takes place when the economic event occurs

Question 2

Give an example of how cardinality relates to business policy?

Accepted Answer

Cardinality reflects normal business rul

Question 3

Which account is least likely to have a subsidiary ledger?

Accepted Answer

A)  sales 
B)  accounts receivable 
C)  fixed assets 
D)  inventory 
A)  sales 
B)  accounts receivable 
C)  fixed assets 
D)  inventory

Question 4

When determining the batch size,which consideration is the least important?

Accepted Answer

A)  achieving economies by grouping together large numbers of transactions 
B)  complying with legal mandates 
C)  providing control over the transaction process 
D)  balancing the trade off between batch size and error detection 
A)  achieving economies by grouping together large numbers of transactions 
B)  complying with legal mandates 
C)  providing control over the transaction process 
D)  balancing the trade off between batch size and error detection

Question 5

Is a flowchart an effective documentation technique for identifying who or what performs a particular task? Explain.

Accepted Answer

Yes.A flowchart depi

Question 6

Sequential storage means

Accepted Answer

A)  data is stored on tape 
B)  access is achieved through an index 
C)  access is direct 
D)  reading record 100 requires first reading records 1 to 99 
A)  data is stored on tape 
B)  access is achieved through an index 
C)  access is direct 
D)  reading record 100 requires first reading records 1 to 99

Question 7

Processing more transactions at a lower unit cost makes batch processing more efficient than real-time systems.

Accepted Answer

A) True 
 B)False

Question 8

Both the revenue and the expenditure cycle can be viewed as having two key parts.These are

Accepted Answer

A)  manual and computerized 
B)  physical and financial 
C)  input and output 
D)  batch and real-time 
A)  manual and computerized 
B)  physical and financial 
C)  input and output 
D)  batch and real-time

Question 9

Which accounting application is least suited to batch processing?

Accepted Answer

A)  general ledger 
B)  vendor payments 
C)  sales order processing 
D)  payroll 
A)  general ledger 
B)  vendor payments 
C)  sales order processing 
D)  payroll

Question 10

______________________________________ are the two data processing approaches used in modern systems.

Accepted Answer

Batch proc

Question 11

An inverted triangle with the letter "N" represents a file in "name" order.

Accepted Answer

A) True 
 B)False

Question 12

Which accounting application is best suited to batch processing?

Accepted Answer

A)  general ledger 
B)  updating inventory reductions to the subsidiary ledger 
C)  sales order processing 
D)  credit checking 
A)  general ledger 
B)  updating inventory reductions to the subsidiary ledger 
C)  sales order processing 
D)  credit checking

Question 13

What are the subsystems of the expenditure cycle?

Accepted Answer

purchasing,cash disb

Question 14

Real time processing is used for routine transactions in large numbers.

Accepted Answer

A) True 
 B)False

Question 15

Only four symbols are used in data flow diagrams.What are they?

Accepted Answer

process,da

Question 16

The type of transaction most suitable for real-time processing is

Accepted Answer

A)  recording fixed asset purchases 
B)  recording interest earned on long-term bonds 
C)  adjusting prepaid insurance 
D)  recording a sale on account 
A)  recording fixed asset purchases 
B)  recording interest earned on long-term bonds 
C)  adjusting prepaid insurance 
D)  recording a sale on account

Question 17

Which system is not part of the expenditure cycle?

Accepted Answer

A)  cash disbursements 
B)  payroll 
C)  production planning/control 
D)  purchases/accounts payable 
A)  cash disbursements 
B)  payroll 
C)  production planning/control 
D)  purchases/accounts payable

Question 18

Which symbol represents a magnetic tape (sequential storage device)?

Accepted Answer

A)    
B)    
C)    
D)    
A)    
B)    
C)    
D)

Question 19

Categorize each of the following activities into the expenditure,conversion or revenue cycles and identify the applicable subsystem.
a.Preparing the weekly payroll for manufacturing personnel. 
b.Releasing raw materials for use in the manufacturing cycle.
c.Recording the receipt of payment for goods sold.
d.Recording the order placed by a customer.
e.Ordering raw materials.
f.Determining the amount of raw materials to order.

Accepted Answer

a.Expenditure cycle-payroll subsystem.
b

In contrast to a batch processing system,in a real-time system

Give an example of how cardinality relates to business policy?

Which account is least likely to have a subsidiary ledger?

When determining the batch size,which consideration is the least important?

Is a flowchart an effective documentation technique for identifying who or what performs a particular task? Explain.

Sequential storage means

Processing more transactions at a lower unit cost makes batch processing more efficient than real-time systems.

Both the revenue and the expenditure cycle can be viewed as having two key parts.These are

Which accounting application is least suited to batch processing?

______________________________________ are the two data processing approaches used in modern systems.

An inverted triangle with the letter "N" represents a file in "name" order.

Which accounting application is best suited to batch processing?

What are the subsystems of the expenditure cycle?

Real time processing is used for routine transactions in large numbers.

Only four symbols are used in data flow diagrams.What are they?

The type of transaction most suitable for real-time processing is

Which system is not part of the expenditure cycle?

Which symbol represents a magnetic tape (sequential storage device)?

The Information System: An Accountant’s Perspective

Ethics, Fraud, and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part II: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

General Ledger, Financial Reporting, and Management Reporting Systems

Database Management Systems

The REA Approach to Business Process Modeling

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Construct, Deliver, and Maintain Systems Projects

IT Controls : Sarbanes-Oxley and IT Governance

IT Controls : Security and Access

IT Controls : Systems Development Program Changes and Application Controls

Filters

Exam 2: Introduction to Transaction Processing

In contrast to a batch processing system,in a real-time system

Give an example of how cardinality relates to business policy?

Which account is least likely to have a subsidiary ledger?

When determining the batch size,which consideration is the least important?

Is a flowchart an effective documentation technique for identifying who or what performs a particular task? Explain.

Sequential storage means

Processing more transactions at a lower unit cost makes batch processing more efficient than real-time systems.

Both the revenue and the expenditure cycle can be viewed as having two key parts.These are

Which accounting application is least suited to batch processing?

______________________________________ are the two data processing approaches used in modern systems.

An inverted triangle with the letter "N" represents a file in "name" order.

Which accounting application is best suited to batch processing?

What are the subsystems of the expenditure cycle?

Real time processing is used for routine transactions in large numbers.

Only four symbols are used in data flow diagrams.What are they?

The type of transaction most suitable for real-time processing is

Which system is not part of the expenditure cycle?

Which symbol represents a magnetic tape (sequential storage device)?

The Information System: An Accountant’s Perspective

Ethics, Fraud, and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part II: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

General Ledger, Financial Reporting, and Management Reporting Systems

Database Management Systems

The REA Approach to Business Process Modeling

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Construct, Deliver, and Maintain Systems Projects

IT Controls : Sarbanes-Oxley and IT Governance

IT Controls : Security and Access

IT Controls : Systems Development Program Changes and Application Controls

Filters