Question 1

Which document is prepared,usually in multiple copies,as part of the sales process and potentially used for various purposes,including initiating shipping?

Accepted Answer

A) Customer order 
B) Sales order 
C) Shipping notice 
D) Packing slip 
A) Customer order 
B) Sales order 
C) Shipping notice 
D) Packing slip

Question 2

Describe and discuss the front end of the revenue cycle,especially its objectives.

Accepted Answer

The front end of the revenue cycle is cl

Question 3

A customer buys a computer over the Internet;she is required to pay for the computer before the computer is dispatched.This is an example of:

Accepted Answer

A) Electronic payment 
B) Post-billing 
C) Credit check 
D) Pre-billing 
A) Electronic payment 
B) Post-billing 
C) Credit check 
D) Pre-billing

Question 4

CRM is designed with the specific purpose of viewing the organisation's data from:

Accepted Answer

A) a resource centric perspective 
B) a management centric perspective 
C) a customer centric perspective 
D) a data system perspective . 
A) a resource centric perspective 
B) a management centric perspective 
C) a customer centric perspective 
D) a data system perspective .

Question 5

Why is the revenue cycle strategically important?

Accepted Answer

The revenue cycle is strategically impor

Question 6

Describe how the revenue cycle can benefit from online payment facilities?

Accepted Answer

Online payment facilities such as BPAY p

Question 7

ERP:

Accepted Answer

A) improves the integration of enterprise-wide data 
B) provides tighter linkages between relevant modules such as marketing,sales,production,shipping,billing,accounts receivable and general ledger 
C) records and manages many different types of business transactions within a single integrated database 
D) All of the options are correct. 
A) improves the integration of enterprise-wide data 
B) provides tighter linkages between relevant modules such as marketing,sales,production,shipping,billing,accounts receivable and general ledger 
C) records and manages many different types of business transactions within a single integrated database 
D) All of the options are correct.

Question 8

The sales order's primary purpose is to notify two different areas of the new sale.These two areas are:

Accepted Answer

A) Inventory area and manufacturing area 
B) Billing area and credit check area 
C) Production area and delivery area 
D) Warehouse area and accounts area 
A) Inventory area and manufacturing area 
B) Billing area and credit check area 
C) Production area and delivery area 
D) Warehouse area and accounts area

Question 9

Which of the following statements regarding source documents in a revenue cycle is incorrect?

Accepted Answer

A) The packing slip is generated by the shipping clerk. 
B) The sales invoice is prepared by the billing clerk. 
C) The remittance advice is generated by the customer. 
D) The sales order is prepared by the salesperson. 
A) The packing slip is generated by the shipping clerk. 
B) The sales invoice is prepared by the billing clerk. 
C) The remittance advice is generated by the customer. 
D) The sales order is prepared by the salesperson.

Question 10

The most detailed data produced by the revenue cycle is:

Accepted Answer

A) customer data 
B) accounts receivable 
C) sales data 
D) inventory data 
A) customer data 
B) accounts receivable 
C) sales data 
D) inventory data

Question 11

Which of the following is NOT a strategy-level decision?

Accepted Answer

A) Price setting 
B) Sales return and warranty policies 
C) Provision of customer credit facilities 
D) Selecting goods delivery method 
A) Price setting 
B) Sales return and warranty policies 
C) Provision of customer credit facilities 
D) Selecting goods delivery method

Question 12

Which of the following is unlikely to be a KPI for the objective of arranging the prompt supply of goods and services?

Accepted Answer

A) Cycle time to fill and deliver orders 
B) Percentage of sales on back order 
C) Percentage of sales invoiced on day of shipping 
D) Sales returns 
A) Cycle time to fill and deliver orders 
B) Percentage of sales on back order 
C) Percentage of sales invoiced on day of shipping 
D) Sales returns

Question 13

An invoice is created for each valid sale by basing on:

Accepted Answer

A) Price information and inventory information 
B) Customer data and sales order 
C) Sales request and price information 
D) Customer data and inventory information 
A) Price information and inventory information 
B) Customer data and sales order 
C) Sales request and price information 
D) Customer data and inventory information

Question 14

The revenue cycle commences when:

Accepted Answer

A) a payment is received 
B) a sale is recorded 
C) a customer indicates they wish to purchase a good or service 
D) a customer is billed 
A) a payment is received 
B) a sale is recorded 
C) a customer indicates they wish to purchase a good or service 
D) a customer is billed

Question 15

Inventory data is primarily created by activities within the:

Accepted Answer

A) Revenue cycle 
B) Expenditure cycle 
C) Conversion cycle 
D) Financing cycle. 
A) Revenue cycle 
B) Expenditure cycle 
C) Conversion cycle 
D) Financing cycle.

Question 16

Describe and discuss the back end of the revenue cycle,especially its objectives.

Accepted Answer

The back end of the revenue cycle is the

Question 17

Which of the following can be identified as a risk in receiving payment?

Accepted Answer

A) Late or slow payment 
B) Non-payment 
C) Theft of cash and/or cheques 
D) All of the options are correct. 
A) Late or slow payment 
B) Non-payment 
C) Theft of cash and/or cheques 
D) All of the options are correct.

Question 18

Which of the following is NOT an operational level decision?

Accepted Answer

A) Determining correct cash receipt allocations for a customer payment. 
B) Cash collection policies and procedures. 
C) Responding to a request to extend credit to a particular customer. 
D) Calculation of inventory availability. 
A) Determining correct cash receipt allocations for a customer payment. 
B) Cash collection policies and procedures. 
C) Responding to a request to extend credit to a particular customer. 
D) Calculation of inventory availability.

Which document is prepared,usually in multiple copies,as part of the sales process and potentially used for various purposes,including initiating shipping?

Describe and discuss the front end of the revenue cycle,especially its objectives.

A customer buys a computer over the Internet;she is required to pay for the computer before the computer is dispatched.This is an example of:

CRM is designed with the specific purpose of viewing the organisation's data from:

Why is the revenue cycle strategically important?

Describe how the revenue cycle can benefit from online payment facilities?

ERP:

The sales order's primary purpose is to notify two different areas of the new sale.These two areas are:

Which of the following statements regarding source documents in a revenue cycle is incorrect?

The most detailed data produced by the revenue cycle is:

Which of the following is NOT a strategy-level decision?

Which of the following is unlikely to be a KPI for the objective of arranging the prompt supply of goods and services?

An invoice is created for each valid sale by basing on:

The revenue cycle commences when:

Inventory data is primarily created by activities within the:

Describe and discuss the back end of the revenue cycle,especially its objectives.

Which of the following can be identified as a risk in receiving payment?

Which of the following is NOT an operational level decision?

Systems Fundamentals

Systems Characteristics and Considerations

Database Concepts I

Database Concepts II

XBRL Reporting

System Mapping and Documentation

Internal Controls I

Internal Controls II

Transaction Cycle The Expenditure Cycle

Transaction Cycle The Production Cycle

Transaction Cycle The HR Management and Payroll Cycle

Transaction Cycle The General Ledger and Financial Reporting Cycle

Systems Development

Auditing of Accounting Information Systems

Ethics, fraud and Computer Crime

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Exam 9: Transaction Cycle The Revenue Cycle

Which document is prepared,usually in multiple copies,as part of the sales process and potentially used for various purposes,including initiating shipping?

Describe and discuss the front end of the revenue cycle,especially its objectives.

A customer buys a computer over the Internet;she is required to pay for the computer before the computer is dispatched.This is an example of:

CRM is designed with the specific purpose of viewing the organisation's data from:

Why is the revenue cycle strategically important?

Describe how the revenue cycle can benefit from online payment facilities?

ERP:

The sales order's primary purpose is to notify two different areas of the new sale.These two areas are:

Which of the following statements regarding source documents in a revenue cycle is incorrect?

The most detailed data produced by the revenue cycle is:

Which of the following is NOT a strategy-level decision?

Which of the following is unlikely to be a KPI for the objective of arranging the prompt supply of goods and services?

An invoice is created for each valid sale by basing on:

The revenue cycle commences when:

Inventory data is primarily created by activities within the:

Describe and discuss the back end of the revenue cycle,especially its objectives.

Which of the following can be identified as a risk in receiving payment?

Which of the following is NOT an operational level decision?

Systems Fundamentals

Systems Characteristics and Considerations

Database Concepts I

Database Concepts II

XBRL Reporting

System Mapping and Documentation

Internal Controls I

Internal Controls II

Transaction Cycle The Expenditure Cycle

Transaction Cycle The Production Cycle

Transaction Cycle The HR Management and Payroll Cycle

Transaction Cycle The General Ledger and Financial Reporting Cycle

Systems Development

Auditing of Accounting Information Systems

Ethics, fraud and Computer Crime

Filters