Question 1

To be effective,the chart of accounts must

Accepted Answer

A)  not use alpha-numeric characters. 
B)  contain sufficient detail. 
C)  utilize only one coding technique. 
D)  begin with account 001. 
A)  not use alpha-numeric characters. 
B)  contain sufficient detail. 
C)  utilize only one coding technique. 
D)  begin with account 001.

Question 2

Catarina Boards is a skateboard retailer located in Pueblo,New Mexico.Catarina Boards is a sole proprietorship that stocks an inventory of between 30 and 50 different skateboards.Inventory is updated in real time by the AIS.If Catarina wishes to keep detailed information about the purchase price of each skateboard in a place outside of the general ledger,it might use a

Accepted Answer

A)  relational ledger. 
B)  transaction file. 
C)  master file. 
D)  specific ledger. 
A)  relational ledger. 
B)  transaction file. 
C)  master file. 
D)  specific ledger.

Question 3

Describe the basic cycles and business activities for a typical merchandising company.

Accepted Answer

Revenue cycle - deliver inventory to cus

Question 4

When printed on paper,data output is referred to as

Accepted Answer

A)  reports. 
B)  hard copy. 
C)  soft copy. 
D)  financials. 
A)  reports. 
B)  hard copy. 
C)  soft copy. 
D)  financials.

Question 5

Issuing a purchase order is part of which transaction cycle?

Accepted Answer

A)  the revenue cycle 
B)  the expenditure cycle 
C)  the human resources cycle 
D)  the production cycle 
A)  the revenue cycle 
B)  the expenditure cycle 
C)  the human resources cycle 
D)  the production cycle

Question 6

Antia Carmie is the largest collector and retailer of Japanese fans in the St.Louis area.Antia uses computer technology to provide superior customer service.The store's database system was designed to make detailed information about each Japanese fan easily accessible to her customers.Accordingly,the fan price and condition are provided for each fan,along with many pictures of each fan.In Antia's database,the data about each Japanese fan represents a(n)

Accepted Answer

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

Question 7

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 8

Which statement below is true with regards to an audit trail?

Accepted Answer

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

Question 9

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 10

Pre-numbered invoices and pre-numbered 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 11

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 12

In an ERP system,the module used to record data about transactions in the disbursement 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 13

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 14

The collection of employee time sheets is part of which transaction cycle?

Accepted Answer

A)  the revenue cycle 
B)  the production cycle 
C)  the human resources cycle 
D)  the expenditure cycle 
A)  the revenue cycle 
B)  the production cycle 
C)  the human resources cycle 
D)  the expenditure cycle

Question 15

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 16

Which of the following information would most likely be reviewed by management on an exception report?

Accepted Answer

A)  monthly cash budget 
B)  quality control system failures 
C)  unit sales by territory and salesperson 
D)  income statement 
A)  monthly cash budget 
B)  quality control system failures 
C)  unit sales by territory and salesperson 
D)  income statement

Question 17

In an ERP system,the module used to record marketing data is called

Accepted Answer

A)  marketing. 
B)  advertising. 
C)  customer relationship management. 
D)  customer service. 
A)  marketing. 
B)  advertising. 
C)  customer relationship management. 
D)  customer service.

Question 18

A change in an employee's hourly pay would be recorded in

Accepted Answer

A)  the payroll master file. 
B)  a payroll transaction file. 
C)  the employee master file. 
D)  the employee transaction file. 
A)  the payroll master file. 
B)  a payroll transaction file. 
C)  the employee master file. 
D)  the employee transaction file.

Question 19

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 20

Identify the four parts of the transaction processing cycle.

Accepted Answer

A)  data input, data storage, data processing, information output 
B)  data input, data recall, data processing, information output 
C)  data input, data recall, data transmission, information output 
D)  data input, data recall, data transmission, data storage 
A)  data input, data storage, data processing, information output 
B)  data input, data recall, data processing, information output 
C)  data input, data recall, data transmission, information output 
D)  data input, data recall, data transmission, data storage

To be effective,the chart of accounts must

Describe the basic cycles and business activities for a typical merchandising company.

When printed on paper,data output is referred to as

Issuing a purchase order is part of which transaction cycle?

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

Which statement below is true with regards to an audit trail?

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

Pre-numbered invoices and pre-numbered purchase orders are examples of

A specialized journal

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

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

The collection of employee time sheets is part of which transaction cycle?

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?

Which of the following information would most likely be reviewed by management on an exception report?

In an ERP system,the module used to record marketing data is called

A change in an employee's hourly pay would be recorded in

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

Identify the four parts of the transaction processing cycle.

Accounting Information Systems: an Overview

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Controls for Information Security

Confidentiality and Privacy Controls

Processing Integrity and Availability Controls

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

Database Design Using the Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development and Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters

Exam 2: Overview of Transaction Processing and Enterprise Resource Planning Systems

To be effective,the chart of accounts must

Describe the basic cycles and business activities for a typical merchandising company.

When printed on paper,data output is referred to as

Issuing a purchase order is part of which transaction cycle?

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

Which statement below is true with regards to an audit trail?

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

Pre-numbered invoices and pre-numbered purchase orders are examples of

A specialized journal

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

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

The collection of employee time sheets is part of which transaction cycle?

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?

Which of the following information would most likely be reviewed by management on an exception report?

In an ERP system,the module used to record marketing data is called

A change in an employee's hourly pay would be recorded in

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

Identify the four parts of the transaction processing cycle.

Accounting Information Systems: an Overview

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Controls for Information Security

Confidentiality and Privacy Controls

Processing Integrity and Availability Controls

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

Database Design Using the Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development and Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters