Question 1

When it comes to capturing the underlying design and structure of a database,the term "ER diagram" refers to:

Accepted Answer

A) Enterprise Resource diagram 
B) Entity Relationship diagram 
C) Enterprise Relationship diagram 
D) Entity Resource diagram 
A) Enterprise Resource diagram 
B) Entity Relationship diagram 
C) Enterprise Relationship diagram 
D) Entity Resource diagram B

Question 2

What is information overload?

Accepted Answer

A) The situation where a computer has more information than is needed or is able to be processed in a meaningful way when a computer program is executed. 
B) The situation where an individual has more information than is needed or is able to be processed in a meaningful way when working through a decision. 
C) The situation where a computer has more information than is needed or is able to be processed when data storage is taking place. 
D) The situation where the amount of information exceeds the storage capacity of the brain of a human being. 
A) The situation where a computer has more information than is needed or is able to be processed in a meaningful way when a computer program is executed. 
B) The situation where an individual has more information than is needed or is able to be processed in a meaningful way when working through a decision. 
C) The situation where a computer has more information than is needed or is able to be processed when data storage is taking place. 
D) The situation where the amount of information exceeds the storage capacity of the brain of a human being. B

Question 3

Data Mining is:

Accepted Answer

A) a technology that is used by large multinational resource companies such as BHP,Rio Tinto and Xstrata 
B) declining in popularity with companies due to the emergence of newer technologies. 
C) a technology that analyses small pools of internally generated data and identifies possible cost savings. 
D) a technology that analyses large pools of data and identifies patterns in them that can then be used by organisations for decision making. 
A) a technology that is used by large multinational resource companies such as BHP,Rio Tinto and Xstrata 
B) declining in popularity with companies due to the emergence of newer technologies. 
C) a technology that analyses small pools of internally generated data and identifies possible cost savings. 
D) a technology that analyses large pools of data and identifies patterns in them that can then be used by organisations for decision making. D

Question 4

An accounting information system is unlikely to help a firm to:

Accepted Answer

A) determine whether to approve a credit sale 
B) decide how much to purchase from suppliers 
C) determine the provision for bad debts 
D) eliminate financial fraud 
A) determine whether to approve a credit sale 
B) decide how much to purchase from suppliers 
C) determine the provision for bad debts 
D) eliminate financial fraud

Question 5

Information is:

Accepted Answer

A) the same as data. 
B) data that has been processed and converted. 
C) less useful than data. 
D) raw facts describing an event. 
A) the same as data. 
B) data that has been processed and converted. 
C) less useful than data. 
D) raw facts describing an event.

Question 6

Which of the following is unlikely to be the accounting's role to an organisation?

Accepted Answer

A) Gather data about the organisation's activities. 
B) Provide a means for business data storage and processing. 
C) Convert business data into useful information. 
D) Exercise strategic decision-making according to accounting information. 
A) Gather data about the organisation's activities. 
B) Provide a means for business data storage and processing. 
C) Convert business data into useful information. 
D) Exercise strategic decision-making according to accounting information.

Question 7

Information overload can be harmful to both individuals and the relevant organisation,why?

Accepted Answer

Organisations need to be conscious of wh

Question 8

What does ERP stand for?

Accepted Answer

A) Enterprise Resource Planning 
B) Enterprise Resource Package 
C) Electronic Resource Planning 
D) Electronic Resource Package 
A) Enterprise Resource Planning 
B) Enterprise Resource Package 
C) Electronic Resource Planning 
D) Electronic Resource Package

Question 9

The role of the accountant has changed in recent times because:

Accepted Answer

A) professional bodies have sought to redefine and reposition the accounting function. 
B) Computer systems have emerged to handle the classification and recording tasks traditionally associated with the accounting function. 
C) The accounting cycle is too complex and involved to be performed solely by the accountant. 
D) Knowledge workers have increasingly replaced accountants in the performance of recording and classification tasks. 
A) professional bodies have sought to redefine and reposition the accounting function. 
B) Computer systems have emerged to handle the classification and recording tasks traditionally associated with the accounting function. 
C) The accounting cycle is too complex and involved to be performed solely by the accountant. 
D) Knowledge workers have increasingly replaced accountants in the performance of recording and classification tasks.

Question 10

An accounting information system can be defined as the application of technology to the capturing,verifying,storing,sorting and reporting of data relating to an organisation's activities.Explain how this definition is arrived.

Accepted Answer

This definition encompasses the definiti

Question 11

Until the 1970s,information systems were seen as a support tool for the accounting function.What happened afterwards as technology continued to develop?

Accepted Answer

As technology continued to develop,inclu

Question 12

Give five examples of decision-making (within a firm)that require accounting information.

Accepted Answer

i.determining whether to approve a credi

Question 13

Systems development is unlikely to be driven by:

Accepted Answer

A) A change in the regulatory environment 
B) A change in the business environment 
C) A business need from within the organisation 
D) A change in the technology infrastructure,such as computer hardware 
A) A change in the regulatory environment 
B) A change in the business environment 
C) A business need from within the organisation 
D) A change in the technology infrastructure,such as computer hardware

Question 14

XBRL stands for:

Accepted Answer

A) Extensible business reporting language. 
B) Cross business reporting language. 
C) Extended business report language. 
D) Executable business reporting language. 
A) Extensible business reporting language. 
B) Cross business reporting language. 
C) Extended business report language. 
D) Executable business reporting language.

Question 15

Which of the following statements concerning working professionals is correct?

Accepted Answer

A) A working professional in the accounting domain will not be involved in system development. 
B) A working professional in a domain extended beyond accounting is more likely to be involved in system development than their counterparts in the accounting domain. 
C) A working professional in a domain extended beyond accounting is less likely to be involved in system development than their counterparts in the accounting domain. 
D) System development will be part of the career of a working professional in the accounting domain. 
A) A working professional in the accounting domain will not be involved in system development. 
B) A working professional in a domain extended beyond accounting is more likely to be involved in system development than their counterparts in the accounting domain. 
C) A working professional in a domain extended beyond accounting is less likely to be involved in system development than their counterparts in the accounting domain. 
D) System development will be part of the career of a working professional in the accounting domain.

Question 16

A database represents:

Accepted Answer

A) The culmination of hardware and software. 
B) The culmination of hardware,software and data. 
C) The culmination of procedures,hardware,software and data. 
D) The culmination of people,procedures,hardware,software and data. 
A) The culmination of hardware and software. 
B) The culmination of hardware,software and data. 
C) The culmination of procedures,hardware,software and data. 
D) The culmination of people,procedures,hardware,software and data.

Question 17

Which of the following activities is NOT part of the general ledger and financial reporting cycle?

Accepted Answer

A) Preparing and updating journals and ledger accounts 
B) Preparing end-of-period adjusting entries and close the temporary accounts to profit and loss 
C) Preparing trial balances and producing financial reports 
D) Preparing cheque requisition 
A) Preparing and updating journals and ledger accounts 
B) Preparing end-of-period adjusting entries and close the temporary accounts to profit and loss 
C) Preparing trial balances and producing financial reports 
D) Preparing cheque requisition

Question 18

Which of the following factors will impact on the way an auditor goes about the audit of an information system? (i)Legislative requirements (ii)Professional requirements; (iii)Prescription of the various auditing standards; (iv)Unique characteristics of the individual client.

Accepted Answer

A) i,iii 
B) i,ii,iii 
C) i,ii,iv 
D) i,ii,iii,iv 
A) i,iii 
B) i,ii,iii 
C) i,ii,iv 
D) i,ii,iii,iv

Question 19

Inputs can include:

Accepted Answer

A) receipts and invoices that are given to customers. 
B) data as well as other resources,that are the starting point for the system. 
C) any process that an accountant is involved in. 
D) computer reports that are analysed by accountants. 
A) receipts and invoices that are given to customers. 
B) data as well as other resources,that are the starting point for the system. 
C) any process that an accountant is involved in. 
D) computer reports that are analysed by accountants.

Question 20

A system can be defined as:

Accepted Answer

A) activities that are performed on inputs 
B) any device used to capture data including manual keying and scanning. 
C) any process that an accountant is involved in. 
D) something that takes inputs,applies a set of rules or processes to the inputs and generates outputs. 
A) activities that are performed on inputs 
B) any device used to capture data including manual keying and scanning. 
C) any process that an accountant is involved in. 
D) something that takes inputs,applies a set of rules or processes to the inputs and generates outputs.

When it comes to capturing the underlying design and structure of a database,the term "ER diagram" refers to:

What is information overload?

Data Mining is:

An accounting information system is unlikely to help a firm to:

Information is:

Which of the following is unlikely to be the accounting's role to an organisation?

Information overload can be harmful to both individuals and the relevant organisation,why?

What does ERP stand for?

The role of the accountant has changed in recent times because:

An accounting information system can be defined as the application of technology to the capturing,verifying,storing,sorting and reporting of data relating to an organisation's activities.Explain how this definition is arrived.

Until the 1970s,information systems were seen as a support tool for the accounting function.What happened afterwards as technology continued to develop?

Give five examples of decision-making (within a firm)that require accounting information.

Systems development is unlikely to be driven by:

XBRL stands for:

Which of the following statements concerning working professionals is correct?

A database represents:

Which of the following activities is NOT part of the general ledger and financial reporting cycle?

Which of the following factors will impact on the way an auditor goes about the audit of an information system? (i)Legislative requirements (ii)Professional requirements; (iii)Prescription of the various auditing standards; (iv)Unique characteristics of the individual client.

Inputs can include:

A system can be defined as:

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 Revenue Cycle

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

Exam 1: Systems Fundamentals

When it comes to capturing the underlying design and structure of a database,the term "ER diagram" refers to:

What is information overload?

Data Mining is:

An accounting information system is unlikely to help a firm to:

Information is:

Which of the following is unlikely to be the accounting's role to an organisation?

Information overload can be harmful to both individuals and the relevant organisation,why?

What does ERP stand for?

The role of the accountant has changed in recent times because:

An accounting information system can be defined as the application of technology to the capturing,verifying,storing,sorting and reporting of data relating to an organisation's activities.Explain how this definition is arrived.

Until the 1970s,information systems were seen as a support tool for the accounting function.What happened afterwards as technology continued to develop?

Give five examples of decision-making (within a firm)that require accounting information.

Systems development is unlikely to be driven by:

XBRL stands for:

Which of the following statements concerning working professionals is correct?

A database represents:

Which of the following activities is NOT part of the general ledger and financial reporting cycle?

Which of the following factors will impact on the way an auditor goes about the audit of an information system? (i)Legislative requirements (ii)Professional requirements; (iii)Prescription of the various auditing standards; (iv)Unique characteristics of the individual client.

Inputs can include:

A system can be defined as:

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 Revenue Cycle

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