Question 1

The financial statements contain detailed information of all of an organization's business event data.

Accepted Answer

A) True 
 B)False  False

Question 2

When implementing an ERP system, it is best to provide all users with access to all menu systems, so they can see what is going on within the system.

Accepted Answer

A) True 
 B)False  False

Question 3

Which of the following represent a typical coding scheme for a general ledger account?

Accepted Answer

A) 1XXX assets X1XX current assets
XX1X cash accounts
XXX3 cash in bank 
B) 1XXX cash in bank X1XX cash accounts
XX1X current assets
XXX3 assets 
C) 1XXX non-current assets X1XX current assets
XX1X cash accounts
XXX3 cash in bank 
D) none of the above are correct 
A) 1XXX assets X1XX current assets
XX1X cash accounts
XXX3 cash in bank 
B) 1XXX cash in bank X1XX cash accounts
XX1X current assets
XXX3 assets 
C) 1XXX non-current assets X1XX current assets
XX1X cash accounts
XXX3 cash in bank 
D) none of the above are correct A

Question 4

The coding system typically used in the general ledger chart of accounts is:

Accepted Answer

A) serial coding 
B) hierarchical coding 
C) block coding 
D) mnemonic coding 
A) serial coding 
B) hierarchical coding 
C) block coding 
D) mnemonic coding

Question 5

The GL/BR process is an interacting structure of people, equipment, methods, and controls that is designed to accomplish both operations and information system functions.

Accepted Answer

A) True 
 B)False

Question 6

The source code field of each GL entry provides a beginning point of reference for developing a proper chart of accounts.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following advises and assists the cost center, profit center, and investment center managers in preparing the budget?

Accepted Answer

A) the financial reporting officer 
B) the budgeting department 
C) the business reporting department 
D) the managerial reporting officer 
A) the financial reporting officer 
B) the budgeting department 
C) the business reporting department 
D) the managerial reporting officer

Question 8

Inputs to a GL/BR process typically include all of the following except:

Accepted Answer

A) adjusting entry journal voucher 
B) adjusted trial balance 
C) finalized budget 
D) GAAP-based financial statements 
A) adjusting entry journal voucher 
B) adjusted trial balance 
C) finalized budget 
D) GAAP-based financial statements

Question 9

___________________________________ is the integration of statistical and analytical tools with decision support technologies to facilitate complex analyses of data warehouses by managers and decision makers.

Accepted Answer

Business i

Question 10

Which of the following is least likely to be part of the relevant environment of the GL/BR process?

Accepted Answer

A) the order entry/sales process 
B) the billing/accounts receivable/cash receipts process 
C) the purchasing/accounts payable/cash disbursements process 
D) the inventory process 
A) the order entry/sales process 
B) the billing/accounts receivable/cash receipts process 
C) the purchasing/accounts payable/cash disbursements process 
D) the inventory process

Question 11

The intent of ______________________________ is to protect investors by improving the accuracy and reliability of corporate disclosures.

Accepted Answer

The answer of The intent of ______________________________ is to protect...

Question 12

Often, performance reports are part of a managerial reporting system known as a(n) ______________________________ system.

Accepted Answer

responsibi

Question 13

An account in the chart of accounts has the number 7111.Which of the following does the 7 likely represent?

Accepted Answer

A) revenues 
B) sales region 
C) merchandise sales 
D) golf merchandise sales 
A) revenues 
B) sales region 
C) merchandise sales 
D) golf merchandise sales

Question 14

Business intelligence is the integration of statistical and analytical tools with decision support technologies to facilitate complex analyses of data warehouses by managers and decision makers.

Accepted Answer

A) True 
 B)False

Question 15

Normally, you would expect that operating event data updates would be sent to the GL/BR process by:

Accepted Answer

A) the controller 
B) the treasurer 
C) the vice president of finance 
D) various feeder processes 
A) the controller 
B) the treasurer 
C) the vice president of finance 
D) various feeder processes

Question 16

Which of the following statements related to journal vouchers is false for most ERP systems?

Accepted Answer

A) The person completing the adjustment will enter it directly into the computer. 
B) The voucher will be electronic. 
C) Journal voucher should be signed by the person(s) authorized to initiate the entry. 
D) To provide an adequate audit trail, a printed copy of journal vouchers is required. 
A) The person completing the adjustment will enter it directly into the computer. 
B) The voucher will be electronic. 
C) Journal voucher should be signed by the person(s) authorized to initiate the entry. 
D) To provide an adequate audit trail, a printed copy of journal vouchers is required.

Question 17

____________________________________ is the process by which assurance is provided through monitoring of automated controls and business events in real-time or near real time.

Accepted Answer

Continuous

Question 18

Which of the following could be a journal voucher?

Accepted Answer

A) general ledger cash disbursements update 
B) customer invoice 
C) receiving report 
D) purchase requisition 
A) general ledger cash disbursements update 
B) customer invoice 
C) receiving report 
D) purchase requisition

Question 19

Typically, you would expect general ledger updates for periodic adjusting entries to be fed to the GL/BR process by:

Accepted Answer

A) the controller 
B) the treasurer 
C) the chief executive officer (CEO) 
D) one of the AIS feeder systems 
A) the controller 
B) the treasurer 
C) the chief executive officer (CEO) 
D) one of the AIS feeder systems

Question 20

In contrast to the managerial reporting process, the financial reporting process prepares all of the following financial statements except:

Accepted Answer

A) the balance sheet 
B) the income statement 
C) the standard costing variance report 
D) the statement of owner equity changes 
A) the balance sheet 
B) the income statement 
C) the standard costing variance report 
D) the statement of owner equity changes

The financial statements contain detailed information of all of an organization's business event data.

When implementing an ERP system, it is best to provide all users with access to all menu systems, so they can see what is going on within the system.

Which of the following represent a typical coding scheme for a general ledger account?

The coding system typically used in the general ledger chart of accounts is:

The GL/BR process is an interacting structure of people, equipment, methods, and controls that is designed to accomplish both operations and information system functions.

The source code field of each GL entry provides a beginning point of reference for developing a proper chart of accounts.

Which of the following advises and assists the cost center, profit center, and investment center managers in preparing the budget?

Inputs to a GL/BR process typically include all of the following except:

___________________________________ is the integration of statistical and analytical tools with decision support technologies to facilitate complex analyses of data warehouses by managers and decision makers.

Which of the following is least likely to be part of the relevant environment of the GL/BR process?

The intent of ______________________________ is to protect investors by improving the accuracy and reliability of corporate disclosures.

Often, performance reports are part of a managerial reporting system known as a(n) ______________________________ system.

An account in the chart of accounts has the number 7111.Which of the following does the 7 likely represent?

Business intelligence is the integration of statistical and analytical tools with decision support technologies to facilitate complex analyses of data warehouses by managers and decision makers.

Normally, you would expect that operating event data updates would be sent to the GL/BR process by:

Which of the following statements related to journal vouchers is false for most ERP systems?

____________________________________ is the process by which assurance is provided through monitoring of automated controls and business events in real-time or near real time.

Which of the following could be a journal voucher?

Typically, you would expect general ledger updates for periodic adjusting entries to be fed to the GL/BR process by:

In contrast to the managerial reporting process, the financial reporting process prepares all of the following financial statements except:

Introduction to Accounting Information Systems

Enterprise Systems

Electronic Business E-Business Systems

Documenting Information Systems

Database Management Systems

Relational Databases and Sql

Controlling Information Systems: Introduction to Enterprise Risk Management and Internal Control

Controlling Information Systems: Introduction to Pervasive Controls

Controlling Information Systems: Business Process and Application Controls

The Order Entrysales Oes Process

The Billingaccounts Receivable Cash Receipts Barcr Process

The Purchasing Process

Accounts Payablecash Disbursements Apcd Process

The Human Resources Process HR Management and Payroll Processes

Integrated Production Processes IPP

Acquiring and Implementing Accounting Information Systems

Filters

Exam 16: General Ledger and Business Reporting Glbr Process

The financial statements contain detailed information of all of an organization's business event data.

When implementing an ERP system, it is best to provide all users with access to all menu systems, so they can see what is going on within the system.

Which of the following represent a typical coding scheme for a general ledger account?

The coding system typically used in the general ledger chart of accounts is:

The GL/BR process is an interacting structure of people, equipment, methods, and controls that is designed to accomplish both operations and information system functions.

The source code field of each GL entry provides a beginning point of reference for developing a proper chart of accounts.

Which of the following advises and assists the cost center, profit center, and investment center managers in preparing the budget?

Inputs to a GL/BR process typically include all of the following except:

___________________________________ is the integration of statistical and analytical tools with decision support technologies to facilitate complex analyses of data warehouses by managers and decision makers.

Which of the following is least likely to be part of the relevant environment of the GL/BR process?

The intent of ______________________________ is to protect investors by improving the accuracy and reliability of corporate disclosures.

Often, performance reports are part of a managerial reporting system known as a(n) ______________________________ system.

An account in the chart of accounts has the number 7111.Which of the following does the 7 likely represent?

Business intelligence is the integration of statistical and analytical tools with decision support technologies to facilitate complex analyses of data warehouses by managers and decision makers.

Normally, you would expect that operating event data updates would be sent to the GL/BR process by:

Which of the following statements related to journal vouchers is false for most ERP systems?

____________________________________ is the process by which assurance is provided through monitoring of automated controls and business events in real-time or near real time.

Which of the following could be a journal voucher?

Typically, you would expect general ledger updates for periodic adjusting entries to be fed to the GL/BR process by:

In contrast to the managerial reporting process, the financial reporting process prepares all of the following financial statements except:

Introduction to Accounting Information Systems

Enterprise Systems

Electronic Business E-Business Systems

Documenting Information Systems

Database Management Systems

Relational Databases and Sql

Controlling Information Systems: Introduction to Enterprise Risk Management and Internal Control

Controlling Information Systems: Introduction to Pervasive Controls

Controlling Information Systems: Business Process and Application Controls

The Order Entrysales Oes Process

The Billingaccounts Receivable Cash Receipts Barcr Process

The Purchasing Process

Accounts Payablecash Disbursements Apcd Process

The Human Resources Process HR Management and Payroll Processes

Integrated Production Processes IPP

Acquiring and Implementing Accounting Information Systems

Filters