Question 1

For what purpose are ER diagrams used?

Accepted Answer

An entity relationship (ER)dia

Question 2

Which of the following is an archive file?

Accepted Answer

A)  an accounts payable subsidiary ledger 
B)  a cash receipts file 
C)  a sales journal 
D)  a file of accounts receivable that have been written off 
A)  an accounts payable subsidiary ledger 
B)  a cash receipts file 
C)  a sales journal 
D)  a file of accounts receivable that have been written off

Question 3

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

Accepted Answer

Yes.A flowchart depi

Question 4

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.

Question 5

The type of transaction most suitable for batch processing is

Accepted Answer

A)  airline reservations 
B)  credit authorization 
C)  payroll processing 
D)  adjustments to perpetual inventory 
A)  airline reservations 
B)  credit authorization 
C)  payroll processing 
D)  adjustments to perpetual inventory

Question 6

Operational efficiencies can be improved by

Accepted Answer

A)  updating accounts both common and unique to many concurrent transactions in real time. 
B)  updating accounts both common and unique to many concurrent transactions in batch mode. 
C)  updating accounts unique to many concurrent transactions in real time and updating common accounts in batch mode. 
D)  None of the above are true statements 
A)  updating accounts both common and unique to many concurrent transactions in real time. 
B)  updating accounts both common and unique to many concurrent transactions in batch mode. 
C)  updating accounts unique to many concurrent transactions in real time and updating common accounts in batch mode. 
D)  None of the above are true statements

Question 7

Which statement is not correct? The general ledger master file

Accepted Answer

A)  is based on the firm's chart of account 
B)  contains a record for control accounts 
C)  is an output of the Financial Reporting System (FRS) 
D)  supplies information for management decision making 
A)  is based on the firm's chart of account 
B)  contains a record for control accounts 
C)  is an output of the Financial Reporting System (FRS) 
D)  supplies information for management decision making

Question 8

The coding scheme most appropriate for a chart of accounts is

Accepted Answer

A)  sequential code 
B)  block code 
C)  group code 
D)  mnemonic code 
A)  sequential code 
B)  block code 
C)  group code 
D)  mnemonic code

Question 9

Data flow diagrams

Accepted Answer

A)  depict logical tasks that are being performed, but not who is performing them 
B)  illustrate the relationship between processes, and the documents that flow between them and trigger activities 
C)  represent relationships between key elements of the computer system 
D)  describe in detail the logic of the process 
A)  depict logical tasks that are being performed, but not who is performing them 
B)  illustrate the relationship between processes, and the documents that flow between them and trigger activities 
C)  represent relationships between key elements of the computer system 
D)  describe in detail the logic of the process

Question 10

What information is provided by a record layout diagram?

Accepted Answer

Record layout diagrams are used to revea

Question 11

Entries into the General Ledger System (GLS)can be made using information from

Accepted Answer

A)  the general journal 
B)  a journal voucher which represents a summary of similar transactions 
C)  a journal voucher which represents a single, unusual transaction 
D)  all of the above 
A)  the general journal 
B)  a journal voucher which represents a summary of similar transactions 
C)  a journal voucher which represents a single, unusual transaction 
D)  all of the above

Question 12

What are the reasons companies use coding schemes in their accounting information systems?

Accepted Answer

Companies use coding schemes in their AI

Question 13

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 14

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

Accepted Answer

Batch proc

Question 15

What does an entity-relationship diagram represent? Why do accountants need to understand them?

Accepted Answer

Entity relationship diagrams represent t

Question 16

Compare and contrast the relative advantages and disadvantages of sequential,block,group,alphabetic and mnemonic codes.

Accepted Answer

Sequential codes are appropriate for ite

Question 17

Time lag is one characteristic used to distinguish between batch and real-time systems.Explain.Give an example of when each is a realistic choice.

Accepted Answer

Batch processing collects similar transa

Question 18

What is destructive update?

Accepted Answer

Destructive update involves re

Question 19

What are the key distinguishing features of legacy systems?

Accepted Answer

Legacy systems tend to have the followin

Question 20

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

For what purpose are ER diagrams used?

Which of the following is an archive file?

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

The type of transaction most suitable for batch processing is

Operational efficiencies can be improved by

Which statement is not correct? The general ledger master file

The coding scheme most appropriate for a chart of accounts is

Data flow diagrams

What information is provided by a record layout diagram?

Entries into the General Ledger System (GLS)can be made using information from

What are the reasons companies use coding schemes in their accounting information systems?

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

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

What does an entity-relationship diagram represent? Why do accountants need to understand them?

Compare and contrast the relative advantages and disadvantages of sequential,block,group,alphabetic and mnemonic codes.

Time lag is one characteristic used to distinguish between batch and real-time systems.Explain.Give an example of when each is a realistic choice.

What is destructive update?

What are the key distinguishing features of legacy systems?

Which account is least likely to have a subsidiary ledger?

Auditing and Internal Control

Auditing IT Governance Controls

Security Part I: Auditing Operating Systems and Networks

IT Security Part II: Auditing Database Systems

Systems Development and Program Change Activities

Computer-Assisted Audit Tools and Techniques

Data Structures and CAATTs for Data Extraction

Auditing the Revenue Cycle

Auditing the Expenditure Cycle

Business Ethics, Fraud, and Fraud Detection

Enterprise Resource Planning Systems

Filters

Exam 6: Overview of Transaction Processing and Financial Reporting Systems

For what purpose are ER diagrams used?

Which of the following is an archive file?

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

The type of transaction most suitable for batch processing is

Operational efficiencies can be improved by

Which statement is not correct? The general ledger master file

The coding scheme most appropriate for a chart of accounts is

Data flow diagrams

What information is provided by a record layout diagram?

Entries into the General Ledger System (GLS)can be made using information from

What are the reasons companies use coding schemes in their accounting information systems?

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

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

What does an entity-relationship diagram represent? Why do accountants need to understand them?

Compare and contrast the relative advantages and disadvantages of sequential,block,group,alphabetic and mnemonic codes.

Time lag is one characteristic used to distinguish between batch and real-time systems.Explain.Give an example of when each is a realistic choice.

What is destructive update?

What are the key distinguishing features of legacy systems?

Which account is least likely to have a subsidiary ledger?

Auditing and Internal Control

Auditing IT Governance Controls

Security Part I: Auditing Operating Systems and Networks

IT Security Part II: Auditing Database Systems

Systems Development and Program Change Activities

Computer-Assisted Audit Tools and Techniques

Data Structures and CAATTs for Data Extraction

Auditing the Revenue Cycle

Auditing the Expenditure Cycle

Business Ethics, Fraud, and Fraud Detection

Enterprise Resource Planning Systems

Filters