Question 1

All of the following are reasons that implementing a new ERP may fail except

Accepted Answer

A) employees may resist using the ERP system. 
B) ERPs can take years to fully implement. 
C) employees may refuse to share sensitive information with different departments. 
D) ERPs may require procedures and reports to be standardized across business units. 
A) employees may resist using the ERP system. 
B) ERPs can take years to fully implement. 
C) employees may refuse to share sensitive information with different departments. 
D) ERPs may require procedures and reports to be standardized across business units.

Question 2

A typical source document could be

Accepted Answer

A) some type of paper document. 
B) a computer data entry screen. 
C) the company's financial statements. 
D) both A and B 
A) some type of paper document. 
B) a computer data entry screen. 
C) the company's financial statements. 
D) both A and B

Question 3

Documents that are sent to customers or suppliers and then sent back to the company in the course of a business transaction are known as

Accepted Answer

A) turnaround documents. 
B) source documents. 
C) input documents. 
D) transaction documents. 
A) turnaround documents. 
B) source documents. 
C) input documents. 
D) transaction documents.

Question 4

Which of the following is an example of source data automation?

Accepted Answer

A) a utility bill 
B) POS (point-of-sale)scanners in retail stores 
C) a bill of lading 
D) a subsidiary ledger 
A) a utility bill 
B) POS (point-of-sale)scanners in retail stores 
C) a bill of lading 
D) a subsidiary ledger

Question 5

Many small businesses choose to outsource their payroll activities to firms that specialize in providing payroll services.Dolores Yu operates a payroll processing business in Calabasas,California.When she sends bills out to her clients,her work is part of her firm's

Accepted Answer

A) revenue cycle. 
B) expenditure cycle. 
C) financing cycle. 
D) production cycle. 
A) revenue cycle. 
B) expenditure cycle. 
C) financing cycle. 
D) production cycle.

Question 6

Antia Carmie is the largest collector and retailer of Japanese fans in the St.Louis area.Antia uses computer technology to provide superior customer service.The store's database system was designed to make detailed information about each Japanese fan easily accessible to her customers.Accordingly,the fan price and condition are provided for each fan,along with many pictures of each fan.In Antia's database,the Japanese fans (as a whole)represent a(n)

Accepted Answer

A) entity. 
B) attribute. 
C) field. 
D) record. 
A) entity. 
B) attribute. 
C) field. 
D) record.

Question 7

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

Accepted Answer

A) order to cash. 
B) purchase to pay. 
C) financial. 
D) customer relationship management. 
A) order to cash. 
B) purchase to pay. 
C) financial. 
D) customer relationship management.

Question 8

The Cape Fear Rocket Club heads out to the dunes of Cape Fear,Oregon every August to pierce the sky with their fiery projectiles.An enterprising seller of t-shirts has devised a series of designs that capture the spirit of the event in silk-screened splendor.His employees can be found on many of the major intersections selling his products out of the backs of pickup trucks.What is the best way for this business to ensure that sales data entry is efficient and accurate?

Accepted Answer

A) well-designed paper forms 
B) source data automation 
C) turnaround documents 
D) sequentially numbered forms 
A) well-designed paper forms 
B) source data automation 
C) turnaround documents 
D) sequentially numbered forms

Question 9

Describe the relationship between the general and subsidiary ledgers.

Accepted Answer

The general ledger contains summary-leve

Question 10

Which of the following statements is not correct?

Accepted Answer

A) The audit trail is intended to verify the validity and accuracy of transaction recording. 
B) The audit trail consists of records stored sequentially in an audit file. 
C) The audit trail provides the means for locating and examining source documents. 
D) The audit trail is created with document numbers and posting references. 
A) The audit trail is intended to verify the validity and accuracy of transaction recording. 
B) The audit trail consists of records stored sequentially in an audit file. 
C) The audit trail provides the means for locating and examining source documents. 
D) The audit trail is created with document numbers and posting references.

Question 11

A subsidiary 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 12

Product code WSH500D08 is an example of

Accepted Answer

A) sequence codes. 
B) block codes. 
C) group codes. 
D) mnemonic codes. 
A) sequence codes. 
B) block codes. 
C) group codes. 
D) mnemonic codes.

Question 13

A delivery of inventory from a vendor,with whom a credit line is already established,would be initially recorded in which type of accounting record and as part of what 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 14

What is the purpose of source documents? What controls are embedded in source documents? Give two examples of source documents.

Accepted Answer

The primary purpose of source documents

Question 15

Explain how data is organized and stored in an AIS.

Accepted Answer

The smallest unit of data is known as a

Question 16

Describe the methods used to collect data about business activities.Describe design and control considerations for each of the data collection methods.

Accepted Answer

Data about business activities can be co

Question 17

Identify the statement below that is not true with regards to the accounts receivable subsidiary ledger.

Accepted Answer

A) Every credit sale is entered individually into the subsidiary ledger. 
B) Debits and credits in the subsidiary ledger must always equal. 
C) The subsidiary ledgers play an important role in maintaining the accuracy of the data stored in the AIS. 
D) The total of the subsidiary ledgers must equal the control account. 
A) Every credit sale is entered individually into the subsidiary ledger. 
B) Debits and credits in the subsidiary ledger must always equal. 
C) The subsidiary ledgers play an important role in maintaining the accuracy of the data stored in the AIS. 
D) The total of the subsidiary ledgers must equal the control account.

Question 18

ERP stands for

Accepted Answer

A) enterprise resource planning. 
B) enterprise resource program. 
C) enterprise reporting program. 
D) none of the above 
A) enterprise resource planning. 
B) enterprise resource program. 
C) enterprise reporting program. 
D) none of the above

Question 19

Which statement below is true with regards to an audit trail?

Accepted Answer

A) An audit trail begins with the general journal. 
B) An audit trail provides the means to check the accuracy and validity of ledger postings. 
C) An audit trail is a summary of recorded transactions. 
D) An audit trail is automatically created in every computer-based information system. 
A) An audit trail begins with the general journal. 
B) An audit trail provides the means to check the accuracy and validity of ledger postings. 
C) An audit trail is a summary of recorded transactions. 
D) An audit trail is automatically created in every computer-based information system.

Question 20

Identify the four parts of the transaction processing cycle.

Accepted Answer

A) data input,data storage,data processing,information output 
B) data input,data recall,data processing,information output 
C) data input,data recall,data transmission,information output 
D) data input,data recall,data transmission,data storage 
A) data input,data storage,data processing,information output 
B) data input,data recall,data processing,information output 
C) data input,data recall,data transmission,information output 
D) data input,data recall,data transmission,data storage

All of the following are reasons that implementing a new ERP may fail except

A typical source document could be

Documents that are sent to customers or suppliers and then sent back to the company in the course of a business transaction are known as

Which of the following is an example of source data automation?

Many small businesses choose to outsource their payroll activities to firms that specialize in providing payroll services.Dolores Yu operates a payroll processing business in Calabasas,California.When she sends bills out to her clients,her work is part of her firm's

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

Describe the relationship between the general and subsidiary ledgers.

Which of the following statements is not correct?

A subsidiary ledger

Product code WSH500D08 is an example of

A delivery of inventory from a vendor,with whom a credit line is already established,would be initially recorded in which type of accounting record and as part of what transaction cycle?

What is the purpose of source documents? What controls are embedded in source documents? Give two examples of source documents.

Explain how data is organized and stored in an AIS.

Describe the methods used to collect data about business activities.Describe design and control considerations for each of the data collection methods.

Identify the statement below that is not true with regards to the accounts receivable subsidiary ledger.

ERP stands for

Which statement below is true with regards to an audit trail?

Identify the four parts of the transaction processing cycle.

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

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

All of the following are reasons that implementing a new ERP may fail except

A typical source document could be

Documents that are sent to customers or suppliers and then sent back to the company in the course of a business transaction are known as

Which of the following is an example of source data automation?

Many small businesses choose to outsource their payroll activities to firms that specialize in providing payroll services.Dolores Yu operates a payroll processing business in Calabasas,California.When she sends bills out to her clients,her work is part of her firm's

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

Describe the relationship between the general and subsidiary ledgers.

Which of the following statements is not correct?

A subsidiary ledger

Product code WSH500D08 is an example of

A delivery of inventory from a vendor,with whom a credit line is already established,would be initially recorded in which type of accounting record and as part of what transaction cycle?

What is the purpose of source documents? What controls are embedded in source documents? Give two examples of source documents.

Explain how data is organized and stored in an AIS.

Describe the methods used to collect data about business activities.Describe design and control considerations for each of the data collection methods.

Identify the statement below that is not true with regards to the accounts receivable subsidiary ledger.

ERP stands for

Which statement below is true with regards to an audit trail?

Identify the four parts of the transaction processing cycle.

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