Question 1

What is the most frequent revenue cycle transaction?

Accepted Answer

A) purchase of inventory 
B) receipt of cash 
C) sale to customer 
D) billing 
A) purchase of inventory 
B) receipt of cash 
C) sale to customer 
D) billing C

Question 2

All of the following are disadvantages of an ERP system except

Accepted Answer

A) an ERP provides an integrated view of the organization's data. 
B) ERP software and hardware can cost midsized companies between $10 million and $20 million dollars. 
C) ERPs frequently cause organizations to change their business processes to standardized ones. 
D) ERPs are relatively complex. 
A) an ERP provides an integrated view of the organization's data. 
B) ERP software and hardware can cost midsized companies between $10 million and $20 million dollars. 
C) ERPs frequently cause organizations to change their business processes to standardized ones. 
D) ERPs are relatively complex. A

Question 3

Which of the following statement is true about master file?

Accepted Answer

A) Individual master file records are permanent. 
B) Individual master file records may change frequently. 
C) Individual master file records are sometime being referred to as date value. 
D) Individual master file records are sometime being referred to as entity. 
A) Individual master file records are permanent. 
B) Individual master file records may change frequently. 
C) Individual master file records are sometime being referred to as date value. 
D) Individual master file records are sometime being referred to as entity. B

Question 4

All of the following are guidelines for developing a good coding system except

Accepted Answer

A) be consistent with its intended use. 
B) be flexible to allow for growth. 
C) be as sophisticated as possible to promote usage. 
D) be consistent with the company's organization structure. 
A) be consistent with its intended use. 
B) be flexible to allow for growth. 
C) be as sophisticated as possible to promote usage. 
D) be consistent with the company's organization structure.

Question 5

Data about which of the following facets of a business activity is most likely to be recorded in a transaction file?

Accepted Answer

A) business activity 
B) resources affected by the business activity 
C) people who participate in the business activity 
D) place the business activity occurs 
A) business activity 
B) resources affected by the business activity 
C) people who participate in the business activity 
D) place the business activity occurs

Question 6

When displayed on a monitor,data output is referred to as

Accepted Answer

A) reports. 
B) hard copy. 
C) soft copy. 
D) financials. 
A) reports. 
B) hard copy. 
C) soft copy. 
D) financials.

Question 7

An ERP system might facilitate the purchase of direct materials by all of the following except

Accepted Answer

A) selecting the best supplier by comparing bids. 
B) preparing a purchase order when inventory falls to reorder point. 
C) routing a purchase order to a purchasing agent for approval. 
D) communicating a purchase order to a supplier. 
A) selecting the best supplier by comparing bids. 
B) preparing a purchase order when inventory falls to reorder point. 
C) routing a purchase order to a purchasing agent for approval. 
D) communicating a purchase order to a supplier.

Question 8

The existence of multiple systems which provide information can result in all of the following except

Accepted Answer

A) redundancies. 
B) discrepancies. 
C) integration issues. 
D) efficiency. 
A) redundancies. 
B) discrepancies. 
C) integration issues. 
D) efficiency.

Question 9

When printed on paper,data output is referred to as

Accepted Answer

A) reports. 
B) hard copy. 
C) soft copy. 
D) financials. 
A) reports. 
B) hard copy. 
C) soft copy. 
D) financials.

Question 10

In an ERP system,the module used to record data about transactions in the production cycle is called

Accepted Answer

A) order to cash. 
B) purchase to pay. 
C) manufacturing. 
D) logistics. 
A) order to cash. 
B) purchase to pay. 
C) manufacturing. 
D) logistics.

Question 11

For a retail business,a delivery of inventory,from a vendor (with whom there is an established credit relationship)would be initially recorded in which type of accounting record as part of which transaction cycle?

Accepted Answer

A) purchases journal;expenditure cycle 
B) general journal;expenditure cycle 
C) general ledger;expenditure cycle 
D) cash disbursements journal;production cycle 
A) purchases journal;expenditure cycle 
B) general journal;expenditure cycle 
C) general ledger;expenditure cycle 
D) cash disbursements journal;production cycle

Question 12

One way ERP vendors help to make the configuration process easier for their customers is to

Accepted Answer

A) encourage their customers to use decentralized databases. 
B) train their customers to use an existing system and build interfaces between it and their ERP system. 
C) develop built-in configuration tools to address most of their customers' needs for system changes. 
D) All of the above. 
A) encourage their customers to use decentralized databases. 
B) train their customers to use an existing system and build interfaces between it and their ERP system. 
C) develop built-in configuration tools to address most of their customers' needs for system changes. 
D) All of the above.

Question 13

The quality assurance department at a large manufacturing business enters data into the AIS that is used to produce a weekly report that summarizes the proportion of defective units in each product line.This is an example of

Accepted Answer

A) internal financial information. 
B) internal nonfinancial information. 
C) external financial information. 
D) external nonfinancial information. 
A) internal financial information. 
B) internal nonfinancial information. 
C) external financial information. 
D) external nonfinancial information.

Question 14

Which of the following documents would be found in the expenditure cycle?

Accepted Answer

A) delivery ticket 
B) time card 
C) credit memo 
D) purchase order 
A) delivery ticket 
B) time card 
C) credit memo 
D) purchase order

Question 15

Data about all of the following facets of a business activity are most likely to be recorded in a master file except the

Accepted Answer

A) business activity. 
B) resources affected by the business activity. 
C) people who participate in the business activity. 
D) place the business activity occurs. 
A) business activity. 
B) resources affected by the business activity. 
C) people who participate in the business activity. 
D) place the business activity occurs.

Question 16

The general ledger

Accepted Answer

A) is used to record infrequent or non-routine transactions. 
B) simplifies the process of recording large numbers of repetitive transactions. 
C) records all detailed data for any general ledger account that has individual sub-accounts. 
D) contains summary-level data for every account of the organization. 
A) is used to record infrequent or non-routine transactions. 
B) simplifies the process of recording large numbers of repetitive transactions. 
C) records all detailed data for any general ledger account that has individual sub-accounts. 
D) contains summary-level data for every account of the organization.

Question 17

It is relatively easy to train employees to learn how to use an ERP system.

Accepted Answer

A) True 
 B)False

Question 18

The efficiency of recording numerous business transactions can be best improved by the use of

Accepted Answer

A) prenumbered source documents. 
B) specialized journals. 
C) posting references. 
D) subsidiary ledgers. 
A) prenumbered source documents. 
B) specialized journals. 
C) posting references. 
D) subsidiary ledgers.

Question 19

Which of the following is an example of an ERP system?

Accepted Answer

A) Sam uses a computerized information system to keep track of all the financial data generated by her restaurant. 
B) Jim has a system that keeps track of the cash receipts and cash disbursements of his mowing business.At the end of each month,the system helps him to prepare a monthly profit and loss statement. 
C) Jane is a freelance photographer.She keeps records of all expenses and revenues on her cell phone app and the files are uploaded to the cloud on a regular basis.. 
D) Claire keeps records of all her business records in an Excel file.Each week she enters all of the data into a system that automatically generates purchase orders,based on predetermined inventory reorder points.Production quotas for the coming week are also automatically generated based on customer orders. 
A) Sam uses a computerized information system to keep track of all the financial data generated by her restaurant. 
B) Jim has a system that keeps track of the cash receipts and cash disbursements of his mowing business.At the end of each month,the system helps him to prepare a monthly profit and loss statement. 
C) Jane is a freelance photographer.She keeps records of all expenses and revenues on her cell phone app and the files are uploaded to the cloud on a regular basis.. 
D) Claire keeps records of all her business records in an Excel file.Each week she enters all of the data into a system that automatically generates purchase orders,based on predetermined inventory reorder points.Production quotas for the coming week are also automatically generated based on customer orders.

Question 20

Which statement below regarding the AIS is false?

Accepted Answer

A) The AIS must be able to provide managers with detailed and operational information about the organization's performance. 
B) Both traditional financial measures and operational data are required for proper and complete evaluation of performance. 
C) The AIS was often just one of the information systems used by an organization to collect and process financial and nonfinancial data. 
D) Traditionally,most AIS have been designed so that both financial and operational data are stored in a manner that facilitates their integration in reports. 
A) The AIS must be able to provide managers with detailed and operational information about the organization's performance. 
B) Both traditional financial measures and operational data are required for proper and complete evaluation of performance. 
C) The AIS was often just one of the information systems used by an organization to collect and process financial and nonfinancial data. 
D) Traditionally,most AIS have been designed so that both financial and operational data are stored in a manner that facilitates their integration in reports.

Exam 2: Overview of Transaction Processing and Enterprise Resource Planning Systems

What is the most frequent revenue cycle transaction?

All of the following are disadvantages of an ERP system except

Which of the following statement is true about master file?

All of the following are guidelines for developing a good coding system except

Data about which of the following facets of a business activity is most likely to be recorded in a transaction file?

When displayed on a monitor,data output is referred to as

An ERP system might facilitate the purchase of direct materials by all of the following except

The existence of multiple systems which provide information can result in all of the following except

When printed on paper,data output is referred to as

In an ERP system,the module used to record data about transactions in the production cycle is called

For a retail business,a delivery of inventory,from a vendor (with whom there is an established credit relationship)would be initially recorded in which type of accounting record as part of which transaction cycle?

One way ERP vendors help to make the configuration process easier for their customers is to

The quality assurance department at a large manufacturing business enters data into the AIS that is used to produce a weekly report that summarizes the proportion of defective units in each product line.This is an example of

Which of the following documents would be found in the expenditure cycle?

Data about all of the following facets of a business activity are most likely to be recorded in a master file except the

The general ledger

It is relatively easy to train employees to learn how to use an ERP system.

The efficiency of recording numerous business transactions can be best improved by the use of

Which of the following is an example of an ERP system?

Which statement below regarding the AIS is false?

Conceptual Foundations of Accounting Information Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Controls for Information Security

Confidentiality and Privacy Controls

Processing Integrity and Availability Controls

Auditing Computer-Based Information Systems

The Revenue Cycle: Sales to Cash Collections

The Expenditure Cycle: Purchasing to Cash Disbursements

The Production Cycle

The Human Resources Management and Payroll Cycle

General Ledger and Reporting System

Database Design Using the Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development and Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters