Question 1

ERP stands for

Accepted Answer

A) enterprise resource planning. 
B) enterprise resource program. 
C) enterprise reporting program. 
D) none of the above 
A) enterprise resource planning. 
B) enterprise resource program. 
C) enterprise reporting program. 
D) none of the above

Question 2

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 3

John Pablo 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 4

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 5

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 6

True or False: Traditionally,accounting information systems have been used to collect,process,store and report non-financial information.

Accepted Answer

A) True 
 B)False

Question 7

A typical source document could be

Accepted Answer

A) some type of paper document. 
B) a computer data entry screen. 
C) the company's financial statements. 
D) both A and B 
A) some type of paper document. 
B) a computer data entry screen. 
C) the company's financial statements. 
D) both A and B

Question 8

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 9

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.

Question 10

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 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

Identify the output below that an accounting information system can provide.

Accepted Answer

A) income statement 
B) list of sales returns 
C) exception reports 
D) all of the above 
A) income statement 
B) list of sales returns 
C) exception reports 
D) all of the above

Question 13

What is the first step in the data processing cycle?

Accepted Answer

A) input 
B) output 
C) storage 
D) purchasing 
A) input 
B) output 
C) storage 
D) purchasing

Question 14

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 15

Source documents generally help to improve accuracy in transaction processing because

Accepted Answer

A) they specify which information to collect. 
B) logically related data can be grouped in the same area of the document. 
C) they provide directions and steps for completing the form. 
D) All of the above are correct. 
A) they specify which information to collect. 
B) logically related data can be grouped in the same area of the document. 
C) they provide directions and steps for completing the form. 
D) All of the above are correct.

ERP stands for

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

John Pablo 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

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

True or False: Traditionally,accounting information systems have been used to collect,process,store and report non-financial information.

A typical source document could be

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?

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

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

A specialized journal

Identify the output below that an accounting information system can provide.

What is the first step in the data processing cycle?

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

Source documents generally help to improve accuracy in transaction processing because

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

ERP stands for

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

John Pablo 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

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

True or False: Traditionally,accounting information systems have been used to collect,process,store and report non-financial information.

A typical source document could be

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?

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

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

A specialized journal

Identify the output below that an accounting information system can provide.

What is the first step in the data processing cycle?

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

Source documents generally help to improve accuracy in transaction processing because

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