Question 1

The general ledger

Accepted Answer

A)  summarizes the transactions in journals. 
B)  only includes balance sheet accounts. 
C)  is posted in total to the general journal. 
D)  is the initial place to record depreciation expense. 
A)  summarizes the transactions in journals. 
B)  only includes balance sheet accounts. 
C)  is posted in total to the general journal. 
D)  is the initial place to record depreciation expense. A

Question 2

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. D

Question 3

The coding technique most likely used for sales orders is called a

Accepted Answer

A)  group code. 
B)  block code. 
C)  data code. 
D)  sequence code. 
A)  group code. 
B)  block code. 
C)  data code. 
D)  sequence code. D

Question 4

Implementation of an ERP system requires increased focus on all except which of the following controls ?

Accepted Answer

A)  Segregation of duties between custody, authorization, and recording 
B)  Data entry controls on validity and accuracy 
C)  Controls over access to data 
D)  Appropriate disposal of hard copy reports 
A)  Segregation of duties between custody, authorization, and recording 
B)  Data entry controls on validity and accuracy 
C)  Controls over access to data 
D)  Appropriate disposal of hard copy reports

Question 5

Pre-numbered checks,invoices,and purchase orders are examples 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 6

Hector Sanchez works in the accounting department of a multinational manufacturing company.His job includes updating accounts payable based on purchase orders and checks.His responsibilities are part of the company'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 7

The premier buyer and seller of vintage action figures in the San Francisco Bay area is Vini Vidi Geeky.Since 1996,the owner,Glamdring Elfthrall,has leveraged computer technology to provide a superior level of customer service.In particular,the store's database system was designed to make detailed information about each individual action figure's characteristics easily accessible.Price information and condition are also provided for each inventory item.In this database,the price of figures is a(an)

Accepted Answer

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

Question 8

A specialized journal

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 9

Data processing includes all of the following except

Accepted Answer

A)  verifying subsidiary ledger balances. 
B)  changing customer addresses. 
C)  removing inventory items no longer offered. 
D)  adding the name of a new vendor. 
A)  verifying subsidiary ledger balances. 
B)  changing customer addresses. 
C)  removing inventory items no longer offered. 
D)  adding the name of a new vendor.

Question 10

When the sum of all entries in the subsidiary ledger equals the balance in the corresponding general ledger account,it is assumed that

Accepted Answer

A)  the recording processes were accurate. 
B)  all source documents were recorded. 
C)  adjusting entries are not required. 
D)  no errors exist in the subsidiary ledger. 
A)  the recording processes were accurate. 
B)  all source documents were recorded. 
C)  adjusting entries are not required. 
D)  no errors exist in the subsidiary ledger.

Question 11

Describe guidelines to follow for a well-designed coding system.

Accepted Answer

First,the code should be consistent with

Question 12

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 13

All of the following situations would likely be communicated in an exception report except

Accepted Answer

A)  production stoppages. 
B)  weekly credit and cash sales comparison. 
C)  low inventory level. 
D)  expense variances outside acceptable range. 
A)  production stoppages. 
B)  weekly credit and cash sales comparison. 
C)  low inventory level. 
D)  expense variances outside acceptable range.

Question 14

Data must be collected about three facets of each business activity.What are they?

Accepted Answer

A)  the business activity, the resources it affects, the people who participate 
B)  the business activity, the transactions it creates, the impact on the financial statements 
C)  the inputs, outputs and processes used 
D)  who is involved, what was sold, how much was paid 
A)  the business activity, the resources it affects, the people who participate 
B)  the business activity, the transactions it creates, the impact on the financial statements 
C)  the inputs, outputs and processes used 
D)  who is involved, what was sold, how much was paid

Question 15

The premier buyer and seller of vintage action figures in the San Francisco Bay area is Vini Vidi Geeky.Since 1996,the owner,Glamdring Elfthrall,has leveraged computer technology to provide a superior level of customer service.In particular,the store's database system was designed to make detailed information about each individual action figure's characteristics easily accessible.Price information and condition are also provided for each inventory item.In this database,the data about an individual figure is a(an)

Accepted Answer

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

Question 16

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 17

Pre-numbering of source documents helps to verify that

Accepted Answer

A)  all transactions have been recorded since the numerical sequence serves as a control. 
B)  source data automation was used to capture data. 
C)  documents have been used in order. 
D)  company policies were followed. 
A)  all transactions have been recorded since the numerical sequence serves as a control. 
B)  source data automation was used to capture data. 
C)  documents have been used in order. 
D)  company policies were followed.

Question 18

Which of the following is not usually a consideration when designing a coding system?

Accepted Answer

A)  Government regulations on coding systems 
B)  Standardization 
C)  Future expansion needs 
D)  Facilitating report preparation 
A)  Government regulations on coding systems 
B)  Standardization 
C)  Future expansion needs 
D)  Facilitating report preparation

Question 19

Which of the following statements is false?

Accepted Answer

A)  Codes should be consistent with intended use. 
B)  Codes should allow for growth. 
C)  Codes should be as simple as possible. 
D)  Codes should be customized for each division of an organization. 
A)  Codes should be consistent with intended use. 
B)  Codes should allow for growth. 
C)  Codes should be as simple as possible. 
D)  Codes should be customized for each division of an organization.

Question 20

The general ledger account that corresponds to a subsidiary ledger account is known as a

Accepted Answer

A)  dependent account. 
B)  attribute account. 
C)  entity account. 
D)  control account. 
A)  dependent account. 
B)  attribute account. 
C)  entity account. 
D)  control account.

The general ledger

Which statement below regarding the AIS is false?

The coding technique most likely used for sales orders is called a

Implementation of an ERP system requires increased focus on all except which of the following controls ?

Pre-numbered checks,invoices,and purchase orders are examples of

Hector Sanchez works in the accounting department of a multinational manufacturing company.His job includes updating accounts payable based on purchase orders and checks.His responsibilities are part of the company's

A specialized journal

Data processing includes all of the following except

When the sum of all entries in the subsidiary ledger equals the balance in the corresponding general ledger account,it is assumed that

Describe guidelines to follow for a well-designed coding system.

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

All of the following situations would likely be communicated in an exception report except

Data must be collected about three facets of each business activity.What are they?

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

Pre-numbering of source documents helps to verify that

Which of the following is not usually a consideration when designing a coding system?

Which of the following statements is false?

The general ledger account that corresponds to a subsidiary ledger account is known as a

Accounting Information Systems: an Overview

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Information Systems Controls for System Reliability Part 1: Information Security

Information Systems Controls for Systems Reliability Part 2: Confidentiality and Privacy

Information Systems Controls for Systems Reliability Part 3: Processing Integrity and Availability

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

The Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters

Exam 2: Overview of Transaction Processing and Erp Systems

The general ledger

Which statement below regarding the AIS is false?

The coding technique most likely used for sales orders is called a

Implementation of an ERP system requires increased focus on all except which of the following controls ?

Pre-numbered checks,invoices,and purchase orders are examples of

Hector Sanchez works in the accounting department of a multinational manufacturing company.His job includes updating accounts payable based on purchase orders and checks.His responsibilities are part of the company's

A specialized journal

Data processing includes all of the following except

When the sum of all entries in the subsidiary ledger equals the balance in the corresponding general ledger account,it is assumed that

Describe guidelines to follow for a well-designed coding system.

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

All of the following situations would likely be communicated in an exception report except

Data must be collected about three facets of each business activity.What are they?

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

Pre-numbering of source documents helps to verify that

Which of the following is not usually a consideration when designing a coding system?

Which of the following statements is false?

The general ledger account that corresponds to a subsidiary ledger account is known as a

Accounting Information Systems: an Overview

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Information Systems Controls for System Reliability Part 1: Information Security

Information Systems Controls for Systems Reliability Part 2: Confidentiality and Privacy

Information Systems Controls for Systems Reliability Part 3: Processing Integrity and Availability

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

The Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters