Question 1

What is an example of a status report?

Accepted Answer

A)  Income statement 
B)  List of all sales transactions for a certain period 
C)  Report on effectiveness of controls in the system 
D)  Report of the estimated purchases for the year 
A)  Income statement 
B)  List of all sales transactions for a certain period 
C)  Report on effectiveness of controls in the system 
D)  Report of the estimated purchases for the year

Question 2

The transaction data in the general journal transaction file are used to update the customer master file.

Accepted Answer

A) True 
 B)False

Question 3

The four business processes in an accounting information system are revenue, purchasing, inventory, and investment.

Accepted Answer

A) True 
 B)False

Question 4

The following block diagram shows the integration of some accounting subsystems and an overview of an accounting information system. Use this diagram to answer the next two questions.
  
-What is the subsystem labeled (2)?

Accepted Answer

A)  General ledger 
B)  Cost accounting 
C)  Customer invoicing 
D)  Inventory management 
A)  General ledger 
B)  Cost accounting 
C)  Customer invoicing 
D)  Inventory management

Question 5

When inputting data, what is one of the most common errors that can occur?

Accepted Answer

A)  Misspelling of names 
B)  Transposing digits in a number 
C)  Making an incorrect journal entry 
D)  Duplicating entries 
A)  Misspelling of names 
B)  Transposing digits in a number 
C)  Making an incorrect journal entry 
D)  Duplicating entries

Question 6

Each of the accounting subsystems, for example, purchase order processing, receiving, vendor invoicing, cash disbursements, is a stand-alone system.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following processes requires the direct intervention by users?

Accepted Answer

A)  Updating and posting 
B)  File maintenance 
C)  Calculation 
D)  Summarization 
A)  Updating and posting 
B)  File maintenance 
C)  Calculation 
D)  Summarization

Question 8

What are the primary activities of an accounting information system?

Accepted Answer

A)  Input (capture), store, process, output (communicate) data 
B)  Interface, communicate, store, process information 
C)  Input, store, post, process information 
D)  Classify, compare, summarize, calculate data 
A)  Input (capture), store, process, output (communicate) data 
B)  Interface, communicate, store, process information 
C)  Input, store, post, process information 
D)  Classify, compare, summarize, calculate data

Question 9

Assume a firm has paid an invoice for merchandise it purchased earlier and the appropriate data have been entered in the cash disbursements transaction file. Data from the cash disbursements transaction file have been transferred to the general journal transaction file. What is the result if a trial balance is prepared at this point?

Accepted Answer

A)  Accounts payable shows a decrease, and cash shows an increase 
B)  Accounts payable shows no change and cash shows no change 
C)  Accounts payable shows a decrease, and cash shows a decrease 
D)  Accounts payable shows an increase, and cash shows an increase 
A)  Accounts payable shows a decrease, and cash shows an increase 
B)  Accounts payable shows no change and cash shows no change 
C)  Accounts payable shows a decrease, and cash shows a decrease 
D)  Accounts payable shows an increase, and cash shows an increase

Question 10

The two interfaces between an accounting system and its users are the outputs and the general ledger file.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following statements about updating an open customer invoice file is correct?

Accepted Answer

A)  Only cash sales are added. 
B)  Only credit sales are added. 
C)  Both cash and credit sales are added, but the cash sales are eliminated at the end of the accounting period. 
D)  Both cash and credit sales are added, because the file provides a source of sales history. 
A)  Only cash sales are added. 
B)  Only credit sales are added. 
C)  Both cash and credit sales are added, but the cash sales are eliminated at the end of the accounting period. 
D)  Both cash and credit sales are added, because the file provides a source of sales history.

Question 12

Name, explain, and give examples of four different ways that data are processed.

Accepted Answer

Students could name, explain, and give e

Question 13

What is an example of a transaction?

Accepted Answer

A)  A meeting between middle and upper-level managers 
B)  Deciding on corporate strategy 
C)  Depreciation of equipment 
D)  Taking action on a customer for non-payment of goods/services 
A)  A meeting between middle and upper-level managers 
B)  Deciding on corporate strategy 
C)  Depreciation of equipment 
D)  Taking action on a customer for non-payment of goods/services

Question 14

Which of the following statements about the input activity is correct?

Accepted Answer

A)  Input is an interface between users and the accounting system. 
B)  Input is an information process activity that produces an output. 
C)  Input captures and classifies transactions in an accounting system. 
D)  Input captures and transforms data according to a prescribed set of instructions. 
A)  Input is an interface between users and the accounting system. 
B)  Input is an information process activity that produces an output. 
C)  Input captures and classifies transactions in an accounting system. 
D)  Input captures and transforms data according to a prescribed set of instructions.

Question 15

All transaction data are classified by the account they affect.

Accepted Answer

A) True 
 B)False

Question 16

What is one of the most common errors made when inputting data?

Accepted Answer

A transposition erro

Question 17

A new account is added to the Chart of Accounts through the sales transaction file.

Accepted Answer

A) True 
 B)False

Question 18

What are information formats called?

Accepted Answer

A)  Paper reports 
B)  Activity requirements 
C)  General ledger summaries 
D)  Forms 
A)  Paper reports 
B)  Activity requirements 
C)  General ledger summaries 
D)  Forms

Question 19

Which of the following statements is not correct?

Accepted Answer

A)  The sales transaction file is used to update the customer master file. 
B)  The open customer invoice file holds data about incomplete transactions. 
C)  The customer master file is used to update the open customer invoice file. 
D)  The sales transaction file captures detailed sales transaction data in chronological order. 
A)  The sales transaction file is used to update the customer master file. 
B)  The open customer invoice file holds data about incomplete transactions. 
C)  The customer master file is used to update the open customer invoice file. 
D)  The sales transaction file captures detailed sales transaction data in chronological order.

Question 20

The income statement and the balance sheet are prepared from data in the general ledger master file.

Accepted Answer

A) True 
 B)False

What is an example of a status report?

The transaction data in the general journal transaction file are used to update the customer master file.

The four business processes in an accounting information system are revenue, purchasing, inventory, and investment.

The following block diagram shows the integration of some accounting subsystems and an overview of an accounting information system. Use this diagram to answer the next two questions. -What is the subsystem labeled (2)?

When inputting data, what is one of the most common errors that can occur?

Each of the accounting subsystems, for example, purchase order processing, receiving, vendor invoicing, cash disbursements, is a stand-alone system.

Which of the following processes requires the direct intervention by users?

What are the primary activities of an accounting information system?

The two interfaces between an accounting system and its users are the outputs and the general ledger file.

Which of the following statements about updating an open customer invoice file is correct?

Name, explain, and give examples of four different ways that data are processed.

What is an example of a transaction?

Which of the following statements about the input activity is correct?

All transaction data are classified by the account they affect.

What is one of the most common errors made when inputting data?

A new account is added to the Chart of Accounts through the sales transaction file.

What are information formats called?

Which of the following statements is not correct?

The income statement and the balance sheet are prepared from data in the general ledger master file.

Significance of Accounting Information Systems and the Accountants Role

Accounting Systems Documentation

Essential Elements and Basic Activities of Accounting Systems

Reporting Process, Coding Methods, and Audit Trails

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 4: Data Flows, Activities, and Structure of Accounting Systems

What is an example of a status report?

The transaction data in the general journal transaction file are used to update the customer master file.

The four business processes in an accounting information system are revenue, purchasing, inventory, and investment.

The following block diagram shows the integration of some accounting subsystems and an overview of an accounting information system. Use this diagram to answer the next two questions. -What is the subsystem labeled (2)?

When inputting data, what is one of the most common errors that can occur?

Each of the accounting subsystems, for example, purchase order processing, receiving, vendor invoicing, cash disbursements, is a stand-alone system.

Which of the following processes requires the direct intervention by users?

What are the primary activities of an accounting information system?

The two interfaces between an accounting system and its users are the outputs and the general ledger file.

Which of the following statements about updating an open customer invoice file is correct?

Name, explain, and give examples of four different ways that data are processed.

What is an example of a transaction?

Which of the following statements about the input activity is correct?

All transaction data are classified by the account they affect.

What is one of the most common errors made when inputting data?

A new account is added to the Chart of Accounts through the sales transaction file.

What are information formats called?

Which of the following statements is not correct?

The income statement and the balance sheet are prepared from data in the general ledger master file.

Significance of Accounting Information Systems and the Accountants Role

Accounting Systems Documentation

Essential Elements and Basic Activities of Accounting Systems

Reporting Process, Coding Methods, and Audit Trails

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