Question 1

One of the subsystems of the purchasing process is receiving.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is necessary for printing of the sales journal?

Accepted Answer

A)  Open customer invoice file and customer master file 
B)  Customer master file and cash receipts transaction file 
C)  Customer master file and sales transaction file 
D)  Sales transaction file and open customer invoice file 
A)  Open customer invoice file and customer master file 
B)  Customer master file and cash receipts transaction file 
C)  Customer master file and sales transaction file 
D)  Sales transaction file and open customer invoice file

Question 3

File maintenance is a routine process that occurs at specific time intervals.

Accepted Answer

A) True 
 B)False

Question 4

A transaction's final resting place ordinarily is in an archive file.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is one of the most common processing activities?

Accepted Answer

A)  Merging 
B)  Summarization 
C)  Comparison 
D)  Updating, or posting 
A)  Merging 
B)  Summarization 
C)  Comparison 
D)  Updating, or posting

Question 6

What should be characteristics of the information provided by an accounting system?

Accepted Answer

A)  Useful 
B)  Timely and inexpensive 
C)  Easy to understand 
D)  Useful and easy to understand 
E)  All of these D 
A)  Useful 
B)  Timely and inexpensive 
C)  Easy to understand 
D)  Useful and easy to understand 
E)  All of these D

Question 7

One type of processing in an accounting system is merging.

Accepted Answer

A) True 
 B)False

Question 8

Output from the accounting system is reserved for internal users only.

Accepted Answer

A) True 
 B)False

Question 9

Which is not true about the financial process?

Accepted Answer

A)  Revenue, purchasing, and production events are initially recorded in the financial process. 
B)  Transaction data that are captured in other processes are transferred to the financial process. 
C)  Some transactions are originally recorded in the financial process. 
D)  Some end-of-period adjustments are required in the financial process. 
A)  Revenue, purchasing, and production events are initially recorded in the financial process. 
B)  Transaction data that are captured in other processes are transferred to the financial process. 
C)  Some transactions are originally recorded in the financial process. 
D)  Some end-of-period adjustments are required in the financial process.

Question 10

When a user enters a customer code in the sales transaction screen, the user also enters the customer name.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is (are) true regarding transactions?

Accepted Answer

A)  May be reported individually 
B)  May be reported as part of aggregate information 
C)  May be reported to external auditors only 
D)  A & B 
E)  B & C D 
A)  May be reported individually 
B)  May be reported as part of aggregate information 
C)  May be reported to external auditors only 
D)  A & B 
E)  B & C D

Question 12

Name one accounting system activity other than input data.

Accepted Answer

Store data, process

Question 13

The cash receipts transaction file is used to update the open customer invoice file and the

Accepted Answer

A) True 
 B)False

Question 14

More than one status or activity report may be produced from a single file, each formatted to meet a different need.

Accepted Answer

A) True 
 B)False

Question 15

Name three business processes.

Accepted Answer

Any three of revenue

Question 16

What is a process activity that updates balances in a master file?

Accepted Answer

A)  Classification 
B)  Calculation 
C)  Posting 
D)  Summarization 
A)  Classification 
B)  Calculation 
C)  Posting 
D)  Summarization

Question 17

What framework has proved to be a successful attempt to unify the elements and processes that are common to all accounting systems?

Accepted Answer

A)  Business processes 
B)  Accounting data base 
C)  Hierarchies 
D)  Road maps 
A)  Business processes 
B)  Accounting data base 
C)  Hierarchies 
D)  Road maps

Question 18

List three of the four processes covered by an accounting information system. Choose one of those processes, and list two examples of subsystems (modules) that might be included in that process.

Accepted Answer

Revenue (Sales Order, Shipping, Invoicin

Question 19

Name and give a brief description of two business processes.

Accepted Answer

Any two of revenue, purchasing, inventor

Question 20

Which of the following statements regarding subsystems is true?

Accepted Answer

A)  Subsystems are defined in the broadest terms. 
B)  The same subsystems are present in all types of organizations. 
C)  Subsystems perform well-defined transaction-processing functions. 
D)  Subsystems are referred to as "logical branches" in accounting software packages. 
A)  Subsystems are defined in the broadest terms. 
B)  The same subsystems are present in all types of organizations. 
C)  Subsystems perform well-defined transaction-processing functions. 
D)  Subsystems are referred to as "logical branches" in accounting software packages.

One of the subsystems of the purchasing process is receiving.

Which of the following is necessary for printing of the sales journal?

File maintenance is a routine process that occurs at specific time intervals.

A transaction's final resting place ordinarily is in an archive file.

Which of the following is one of the most common processing activities?

What should be characteristics of the information provided by an accounting system?

One type of processing in an accounting system is merging.

Output from the accounting system is reserved for internal users only.

Which is not true about the financial process?

When a user enters a customer code in the sales transaction screen, the user also enters the customer name.

Which of the following is (are) true regarding transactions?

Name one accounting system activity other than input data.

The cash receipts transaction file is used to update the open customer invoice file and the

More than one status or activity report may be produced from a single file, each formatted to meet a different need.

Name three business processes.

What is a process activity that updates balances in a master file?

What framework has proved to be a successful attempt to unify the elements and processes that are common to all accounting systems?

List three of the four processes covered by an accounting information system. Choose one of those processes, and list two examples of subsystems (modules) that might be included in that process.

Name and give a brief description of two business processes.

Which of the following statements regarding subsystems is true?

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

One of the subsystems of the purchasing process is receiving.

Which of the following is necessary for printing of the sales journal?

File maintenance is a routine process that occurs at specific time intervals.

A transaction's final resting place ordinarily is in an archive file.

Which of the following is one of the most common processing activities?

What should be characteristics of the information provided by an accounting system?

One type of processing in an accounting system is merging.

Output from the accounting system is reserved for internal users only.

Which is not true about the financial process?

When a user enters a customer code in the sales transaction screen, the user also enters the customer name.

Which of the following is (are) true regarding transactions?

Name one accounting system activity other than input data.

The cash receipts transaction file is used to update the open customer invoice file and the

More than one status or activity report may be produced from a single file, each formatted to meet a different need.

Name three business processes.

What is a process activity that updates balances in a master file?

What framework has proved to be a successful attempt to unify the elements and processes that are common to all accounting systems?

List three of the four processes covered by an accounting information system. Choose one of those processes, and list two examples of subsystems (modules) that might be included in that process.

Name and give a brief description of two business processes.

Which of the following statements regarding subsystems is true?

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