Question 1

The data processing method used by FedEx to track packages is an example of

Accepted Answer

A)  real-time processing. 
B)  batch processing. 
C)  online batch processing. 
D)  real-time batch processing. 
A)  real-time processing. 
B)  batch processing. 
C)  online batch processing. 
D)  real-time batch processing.

Question 2

Describe four advantages and four disadvantages of implementing an ERP system at a multinational corporation.

Accepted Answer

Advantages
Integrating information break

Question 3

Which of the following statements about data processing methods is true?

Accepted Answer

A)  Online real-time processing does not store data in a temporary file. 
B)  Batch processing cannot be used to update a master file. 
C)  Control totals are used to verify accurate processing in both batch and online batch processing. 
D)  Online real-time processing is only possible with source data automation. 
A)  Online real-time processing does not store data in a temporary file. 
B)  Batch processing cannot be used to update a master file. 
C)  Control totals are used to verify accurate processing in both batch and online batch processing. 
D)  Online real-time processing is only possible with source data automation.

Question 4

Data about all of the following facets of a business activity are most likely to be recorded in a master file except the

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 5

To be effective,the chart of accounts must

Accepted Answer

A)  be as concise as possible. 
B)  begin with account 001. 
C)  utilize only one coding technique. 
D)  contain sufficient detail to meet the information needs of the organization. 
A)  be as concise as possible. 
B)  begin with account 001. 
C)  utilize only one coding technique. 
D)  contain sufficient detail to meet the information needs of the organization.

Question 6

A typical source document could be

Accepted Answer

A)  in some paper form. 
B)  a computer data entry screen. 
C)  a notepad entry. 
D)  both A and B 
A)  in some paper form. 
B)  a computer data entry screen. 
C)  a notepad entry. 
D)  both A and B

Question 7

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 8

In transaction processing,generally which activity comes first?

Accepted Answer

A)  recording data in a journal 
B)  posting items to special journals 
C)  capturing data on source documents 
D)  recording data in a general ledger 
A)  recording data in a journal 
B)  posting items to special journals 
C)  capturing data on source documents 
D)  recording data in a general ledger

Question 9

A chart of accounts is an example of (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 10

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 11

A general journal

Accepted Answer

A)  would be used to record monthly depreciation entries. 
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)  would be used to record monthly depreciation entries. 
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

An audit trail

Accepted Answer

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

Question 13

Which of the following statements regarding special journals is not true?

Accepted Answer

A)  The balances in a special journal must always reconcile to the general ledger. 
B)  Special journals are used to record large numbers of repetitive transactions. 
C)  Special journals are periodically summarized and posted to the general ledger. 
D)  Special journals provide a specialized format for recording similar transactions. 
A)  The balances in a special journal must always reconcile to the general ledger. 
B)  Special journals are used to record large numbers of repetitive transactions. 
C)  Special journals are periodically summarized and posted to the general ledger. 
D)  Special journals provide a specialized format for recording similar transactions.

Question 14

The quality assurance department at a large manufacturing business enters data into the AIS that is used to produce a weekly report that summarizes the proportion of defective units in each product line.This is an example of

Accepted Answer

A)  internal financial information. 
B)  internal nonfinancial information. 
C)  external financial information. 
D)  external nonfinancial information. 
A)  internal financial information. 
B)  internal nonfinancial information. 
C)  external financial information. 
D)  external nonfinancial information.

The data processing method used by FedEx to track packages is an example of

Describe four advantages and four disadvantages of implementing an ERP system at a multinational corporation.

Which of the following statements about data processing methods is true?

Data about all of the following facets of a business activity are most likely to be recorded in a master file except the

To be effective,the chart of accounts must

A typical source document could be

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

In transaction processing,generally which activity comes first?

A chart of accounts is an example of (select all that apply)

A subsidiary ledger

A general journal

An audit trail

Which of the following statements regarding special journals is not true?

The quality assurance department at a large manufacturing business enters data into the AIS that is used to produce a weekly report that summarizes the proportion of defective units in each product line.This is an example of

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 data processing method used by FedEx to track packages is an example of

Describe four advantages and four disadvantages of implementing an ERP system at a multinational corporation.

Which of the following statements about data processing methods is true?

Data about all of the following facets of a business activity are most likely to be recorded in a master file except the

To be effective,the chart of accounts must

A typical source document could be

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

In transaction processing,generally which activity comes first?

A chart of accounts is an example of (select all that apply)

A subsidiary ledger

A general journal

An audit trail

Which of the following statements regarding special journals is not true?

The quality assurance department at a large manufacturing business enters data into the AIS that is used to produce a weekly report that summarizes the proportion of defective units in each product line.This is an example of

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