Question 1

Explain how data is organized and stored in an AIS.

Accepted Answer

The smallest unit of data is known as a

Question 2

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 3

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 4

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 5

In an ERP system,the module used to record data about transactions in the revenue 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 6

Which of the following is not true about the accounts receivable subsidiary ledger?

Accepted Answer

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

Question 7

Describe the relationship between the general and subsidiary ledgers.

Accepted Answer

The general ledger contains summary-leve

Question 8

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 9

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

Accepted Answer

A)  Alexis uses a computerized information system to keep track of all the financial data generated by her bakery. She is considering opening a new bakery on the east side of town. 
B)  Betty has a system that keeps track of the accounts payable and receivable for her plumbing business. At the end of the year, the system helps her to prepare her taxes in just two hours. 
C)  Charlie keeps records of all his business records in a shoe box. Each week he enters all of the data into spreadsheets that automatically generate purchase orders, based on predetermined inventory reorder points. Production quotas for the coming week are also automatically generated based on customer orders. 
D)  Doug is a free-lance photographer. He keeps records of all expenses and revenues on his cell phone and then emails them to himself every month. The files are stored on his personal computer and backed up to CD quarterly. 
A)  Alexis uses a computerized information system to keep track of all the financial data generated by her bakery. She is considering opening a new bakery on the east side of town. 
B)  Betty has a system that keeps track of the accounts payable and receivable for her plumbing business. At the end of the year, the system helps her to prepare her taxes in just two hours. 
C)  Charlie keeps records of all his business records in a shoe box. Each week he enters all of the data into spreadsheets that automatically generate purchase orders, based on predetermined inventory reorder points. Production quotas for the coming week are also automatically generated based on customer orders. 
D)  Doug is a free-lance photographer. He keeps records of all expenses and revenues on his cell phone and then emails them to himself every month. The files are stored on his personal computer and backed up to CD quarterly.

Question 10

Hector Sanchez works in the accounting department of a multinational manufacturing company.His job includes updating accounts receivable based on sales orders and remittance advices.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 11

Product items are often coded with (select all that apply)

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 12

Common source documents for the revenue cycle include all of the following except

Accepted Answer

A)  sales order. 
B)  receiving report. 
C)  delivery ticket. 
D)  credit memo. 
A)  sales order. 
B)  receiving report. 
C)  delivery ticket. 
D)  credit memo.

Question 13

Which step below is not considered to be part of the data processing cycle?

Accepted Answer

A)  data input 
B)  feedback from external sources 
C)  data storage 
D)  data processing 
A)  data input 
B)  feedback from external sources 
C)  data storage 
D)  data processing

Question 14

Callow Youth Clothing (CYC)is a boutique retailer located in Estes Park,Colorado.During the peak tourist season,it has average daily cash and credit card sales in excess of $5,000.What is the best way for CYC 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 sales invoices 
A)  Well-designed paper forms 
B)  Source data automation 
C)  Turnaround documents 
D)  Sequentially numbered sales invoices

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's price is stored in a(an)

Accepted Answer

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

Question 16

The chart of accounts of a corporate retail bookstore would probably include

Accepted Answer

A)  work-in-process inventory. 
B)  a drawing account. 
C)  retained earnings. 
D)  both A and C 
A)  work-in-process inventory. 
B)  a drawing account. 
C)  retained earnings. 
D)  both A and C

Question 17

Concerning a master file,which of the following statements is false?

Accepted Answer

A)  A master file is conceptually similar to a ledger in a manual AIS. 
B)  A master file stores cumulative information. 
C)  A master file exists across fiscal periods. 
D)  A master file's individual records are rarely, if ever, changed. 
A)  A master file is conceptually similar to a ledger in a manual AIS. 
B)  A master file stores cumulative information. 
C)  A master file exists across fiscal periods. 
D)  A master file's individual records are rarely, if ever, changed.

Question 18

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 19

Callow Youth Clothing is a boutique retailer located in Estes Park,Colorado.It is a sole proprietorship that stocks an inventory of between 80 and 160 different products.Inventory is updated in real time by the AIS.When designing a chart of accounts for this business,what is the minimum number of digits necessary to represent the general ledger account code,including subsidiary ledgers?

Accepted Answer

A)  4 
B)  6 
C)  7 
D)  9 
A)  4 
B)  6 
C)  7 
D)  9

Question 20

Which of the following is conceptually similar to a journal in a manual AIS?

Accepted Answer

A)  database 
B)  master file 
C)  record 
D)  transaction file 
A)  database 
B)  master file 
C)  record 
D)  transaction file

Explain how data is organized and stored in an AIS.

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?

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

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

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

Which of the following is not true about the accounts receivable subsidiary ledger?

Describe the relationship between the general and subsidiary ledgers.

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

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

Hector Sanchez works in the accounting department of a multinational manufacturing company.His job includes updating accounts receivable based on sales orders and remittance advices.His responsibilities are part of the company's

Product items are often coded with (select all that apply)

Common source documents for the revenue cycle include all of the following except

Which step below is not considered to be part of the data processing cycle?

Callow Youth Clothing (CYC)is a boutique retailer located in Estes Park,Colorado.During the peak tourist season,it has average daily cash and credit card sales in excess of $5,000.What is the best way for CYC to ensure that sales data entry is efficient and accurate?

The chart of accounts of a corporate retail bookstore would probably include

Concerning a master file,which of the following statements is false?

The general ledger

Which of the following is conceptually similar to a journal in a manual AIS?

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

Explain how data is organized and stored in an AIS.

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?

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

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

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

Which of the following is not true about the accounts receivable subsidiary ledger?

Describe the relationship between the general and subsidiary ledgers.

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

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

Hector Sanchez works in the accounting department of a multinational manufacturing company.His job includes updating accounts receivable based on sales orders and remittance advices.His responsibilities are part of the company's

Product items are often coded with (select all that apply)

Common source documents for the revenue cycle include all of the following except

Which step below is not considered to be part of the data processing cycle?

Callow Youth Clothing (CYC)is a boutique retailer located in Estes Park,Colorado.During the peak tourist season,it has average daily cash and credit card sales in excess of $5,000.What is the best way for CYC to ensure that sales data entry is efficient and accurate?

The chart of accounts of a corporate retail bookstore would probably include

Concerning a master file,which of the following statements is false?

The general ledger

Which of the following is conceptually similar to a journal in a manual AIS?

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