Question 1

Which of the following defines the specific tags for individual items of data when converting a human-readable financial report to HTML?

Accepted Answer

A)  Taxonomy 
B)  Namespace 
C)  Element 
D)  Instance document 
A)  Taxonomy 
B)  Namespace 
C)  Element 
D)  Instance document A

Question 2

What language uses a standardized tag such as <us-gaap-ci:AssetsHeldSale> to enable the retrieval of information about assets held for sale from multiple balance sheets?

Accepted Answer

A)  Hypertext Markup Language (HTML) 
B)  Extensible Business Reporting Language (XBRL) 
C)  Structured Query Language (SQL) 
D)  Data Definition Language (DDL) 
A)  Hypertext Markup Language (HTML) 
B)  Extensible Business Reporting Language (XBRL) 
C)  Structured Query Language (SQL) 
D)  Data Definition Language (DDL) B

Question 3

Which of the coding methods represents a logical association between the characters forming the code and the item being identified?

Accepted Answer

A)  Block coding 
B)  Sequence code 
C)  Group code 
D)  Mnemonic code 
A)  Block coding 
B)  Sequence code 
C)  Group code 
D)  Mnemonic code D

Question 4

Effective exception reporting depends on an accounting information system having the ability to do which of the following?

Accepted Answer

A)  Sequence selected records based on the size of the differences between comparative account balances 
B)  Select records based on differences between current actual account balances and prior period actual account balances 
C)  Select records based on differences between actual account balances and the budgeted amount for those accounts 
D)  All of the above are important for effective exception reporting. 
A)  Sequence selected records based on the size of the differences between comparative account balances 
B)  Select records based on differences between current actual account balances and prior period actual account balances 
C)  Select records based on differences between actual account balances and the budgeted amount for those accounts 
D)  All of the above are important for effective exception reporting.

Question 5

Explain why reference identifiers are necessary to provide adequate audit trails.

Accepted Answer

A reference identifier is unique to each

Question 6

What is record sequencing?

Accepted Answer

A)  Arranging together actual data for a current period or actual data for a prior period 
B)  Arranging records in order of severity of the problem 
C)  Daily reporting of monetary data for financial managers 
D)  Selecting records based on differences 
A)  Arranging together actual data for a current period or actual data for a prior period 
B)  Arranging records in order of severity of the problem 
C)  Daily reporting of monetary data for financial managers 
D)  Selecting records based on differences

Question 7

Describe in what situations the frequency of reporting should be weekly or even daily.

Accepted Answer

Reporting should be daily or w

Question 8

Explain what is meant by bidirectional and multidimensional aspects of audit trails.

Accepted Answer

Audit trails must go from beginning to e

Question 9

Generally, the more frequently accounting data are reported, the better.

Accepted Answer

A) True 
 B)False

Question 10

What numbers should NOT be used for unique reference identifiers?

Accepted Answer

Numbers that should NOT be used for uniq

Question 11

Below is an exception report for records selected because of the size of their variance. If the system would allow you to order the list of customers from the most severe variance to the lease severe variance, what would be the order of the records?
SOUTHWEST SALES REPS, INC.
SALES BY CUSTOMER
FOURTH QUARTER 2012

$\begin{array}{lrrrrr}\text { Customers } & \text { This Year } & \text { Last Year } & \text { Variance }&\text { Budget } & \text { Variance }\\hline
\text { Barrett Company } & \$ 30,000 & \$ 26,000 & \$ 4,000+ & \$ 32,000 & \$ 2,000- \
\text { Cardenas Bros. } & 94,000 & 95,000 & 1,000- & 90,000 & 4,000+\\text { Estrada Coaches } & 72,000 & 69,000 & 3,000+ & 80,000 & 8,000- \
\text { Reed Enterprises } & 52,000 & 44,000 & 8,000+ & 54,000 & 2,000-\\text { Tran Industries } & 39,000 & 35,000 & 4,000+ & 31,000 & 8,000+ \
\text { Wise Imports } & 80,000 & 85,000 & 5,000- & 90,000 & 10,000-
\end{array}$

Accepted Answer

Wise, Tran

Question 12

Define what an audit trail is and what it does. Give two examples of numbers that should NOT be used as identifiers.

Accepted Answer

Audit trail: ability to follow an event

Question 13

Which of the following computer languages is used specifically for Web applications?

Accepted Answer

A)  Structured query language (SQL) 
B)  Extensible markup language (XML) 
C)  Web services description language (WSL) 
D)  Enterprise application language (EAL) 
A)  Structured query language (SQL) 
B)  Extensible markup language (XML) 
C)  Web services description language (WSL) 
D)  Enterprise application language (EAL)

Question 14

Which of the following is an example of exception reporting?

Accepted Answer

A)  Providing reports of production hours worked to personnel 
B)  Providing reports of dollar denominated data to sales personnel 
C)  Providing reports of data with significant deviance from expected results to managers 
D)  Providing financial reports to the chief financial officer 
A)  Providing reports of production hours worked to personnel 
B)  Providing reports of dollar denominated data to sales personnel 
C)  Providing reports of data with significant deviance from expected results to managers 
D)  Providing financial reports to the chief financial officer

Question 15

Which of the following is not a general principle that forms a foundation for effective reporting?

Accepted Answer

A)  Emphasis on both physical and financial measures 
B)  Comparative reporting 
C)  Necessity for lengthy reports 
D)  Exception reports 
A)  Emphasis on both physical and financial measures 
B)  Comparative reporting 
C)  Necessity for lengthy reports 
D)  Exception reports

Question 16

What is a document that has been tagged according to the rules of XBRL?

Accepted Answer

A)  Extensible document 
B)  Interchange document 
C)  Instance document 
D)  X.12 document 
A)  Extensible document 
B)  Interchange document 
C)  Instance document 
D)  X.12 document

Question 17

Numbers that should be used for unique identifiers for coding an audit trail are pre- numbered documents that represent the initiation of a transaction and numbers of externally generated documents.

Accepted Answer

A) True 
 B)False

Question 18

Which type of data is more useful in accounting reports that cover a short period of time?

Accepted Answer

A)  Financial 
B)  Physical 
C)  Abstract 
D)  Temporal 
A)  Financial 
B)  Physical 
C)  Abstract 
D)  Temporal

Question 19

Which of the following factors does not influence the frequency of reporting?

Accepted Answer

A)  The type of data reported 
B)  The significance of the data 
C)  The nature of the activity 
D)  The conciseness of the report 
A)  The type of data reported 
B)  The significance of the data 
C)  The nature of the activity 
D)  The conciseness of the report

Question 20

What is a feature or benefit of comparative reporting?

Accepted Answer

A)  It arranges records in order of severity of the problem with the most severe at the beginning of the report. 
B)  It arranges together actual data for a current period with either budget data for the current period or actual data for a prior period. 
C)  It allows management to focus on data with significant deviations from expected results. 
D)  It provides reports of production hours worked to production personnel. 
A)  It arranges records in order of severity of the problem with the most severe at the beginning of the report. 
B)  It arranges together actual data for a current period with either budget data for the current period or actual data for a prior period. 
C)  It allows management to focus on data with significant deviations from expected results. 
D)  It provides reports of production hours worked to production personnel.

Which of the following defines the specific tags for individual items of data when converting a human-readable financial report to HTML?

What language uses a standardized tag such as <us-gaap-ci:AssetsHeldSale> to enable the retrieval of information about assets held for sale from multiple balance sheets?

Which of the coding methods represents a logical association between the characters forming the code and the item being identified?

Effective exception reporting depends on an accounting information system having the ability to do which of the following?

Explain why reference identifiers are necessary to provide adequate audit trails.

What is record sequencing?

Describe in what situations the frequency of reporting should be weekly or even daily.

Explain what is meant by bidirectional and multidimensional aspects of audit trails.

Generally, the more frequently accounting data are reported, the better.

What numbers should NOT be used for unique reference identifiers?

Define what an audit trail is and what it does. Give two examples of numbers that should NOT be used as identifiers.

Which of the following computer languages is used specifically for Web applications?

Which of the following is an example of exception reporting?

Which of the following is not a general principle that forms a foundation for effective reporting?

What is a document that has been tagged according to the rules of XBRL?

Numbers that should be used for unique identifiers for coding an audit trail are pre- numbered documents that represent the initiation of a transaction and numbers of externally generated documents.

Which type of data is more useful in accounting reports that cover a short period of time?

Which of the following factors does not influence the frequency of reporting?

What is a feature or benefit of comparative reporting?

Significance of Accounting Information Systems and the Accountants Role

Accounting Systems Documentation

Essential Elements and Basic Activities of Accounting Systems

Data Flows, Activities, and Structure of Accounting Systems

Internal Control and Risk Assessment

Control Activities

The Financial Process

The Revenue Process

The Purchasing Process

The Inventory Process

Database Structure of Accounting Systems

Developing a Relational Database for an Accounting Information System

Electronic Business

Ais Selection and Implementation

Filters

Exam 5: Reporting Process, Coding Methods, and Audit Trails

Which of the following defines the specific tags for individual items of data when converting a human-readable financial report to HTML?

What language uses a standardized tag such as <us-gaap-ci:AssetsHeldSale> to enable the retrieval of information about assets held for sale from multiple balance sheets?

Which of the coding methods represents a logical association between the characters forming the code and the item being identified?

Effective exception reporting depends on an accounting information system having the ability to do which of the following?

Explain why reference identifiers are necessary to provide adequate audit trails.

What is record sequencing?

Describe in what situations the frequency of reporting should be weekly or even daily.

Explain what is meant by bidirectional and multidimensional aspects of audit trails.

Generally, the more frequently accounting data are reported, the better.

What numbers should NOT be used for unique reference identifiers?

Define what an audit trail is and what it does. Give two examples of numbers that should NOT be used as identifiers.

Which of the following computer languages is used specifically for Web applications?

Which of the following is an example of exception reporting?

Which of the following is not a general principle that forms a foundation for effective reporting?

What is a document that has been tagged according to the rules of XBRL?

Numbers that should be used for unique identifiers for coding an audit trail are pre- numbered documents that represent the initiation of a transaction and numbers of externally generated documents.

Which type of data is more useful in accounting reports that cover a short period of time?

Which of the following factors does not influence the frequency of reporting?

What is a feature or benefit of comparative reporting?

Significance of Accounting Information Systems and the Accountants Role

Accounting Systems Documentation

Essential Elements and Basic Activities of Accounting Systems

Data Flows, Activities, and Structure of Accounting Systems

Internal Control and Risk Assessment

Control Activities

The Financial Process

The Revenue Process

The Purchasing Process

The Inventory Process

Database Structure of Accounting Systems

Developing a Relational Database for an Accounting Information System

Electronic Business

Ais Selection and Implementation

Filters