Question 1

Which of the following is a turnaround document?

Accepted Answer

A) remittance advice 
B) sales order 
C) purchase order 
D) payroll check 
A) remittance advice 
B) sales order 
C) purchase order 
D) payroll check

Question 2

Processing more transactions at a lower unit cost makes batch processing more efficient than real-time systems.

Accepted Answer

A) True 
 B)False

Question 3

A control account is a general ledger account which is supported by a subsidiary ledger.

Accepted Answer

A) True 
 B)False

Question 4

Most organizations have replaced the general journal with a _______________________________.

Accepted Answer

journal vo

Question 5

In contrast to a batch processing system,in a real-time system

Accepted Answer

A) a lag occurs between the time of the economic event and when the transaction is recorded 
B) relatively fewer hardware, programming, and training resources are required 
C) a lesser resource commitment per unit of output is required 
D) processing takes place when the economic event occurs 
A) a lag occurs between the time of the economic event and when the transaction is recorded 
B) relatively fewer hardware, programming, and training resources are required 
C) a lesser resource commitment per unit of output is required 
D) processing takes place when the economic event occurs

Question 6

Which symbol represents accounting records?

Accepted Answer

A)    
B)    
C)    
D)    
A)    
B)    
C)    
D)

Question 7

Program flowcharts are used to describe the logic represented in system flowcharts.

Accepted Answer

A) True 
 B)False

Question 8

Mnemonic codes are appropriate for items in either an ascending or descending sequence,such as the numbering of checks or source documents.

Accepted Answer

A) True 
 B)False

Question 9

Provide a specific example of a general ledger account and a corresponding subsidiary ledger.

Accepted Answer

accounts receivable control account and

Question 10

Operational inefficiencies occur because

Accepted Answer

A) accounts both common and unique to many concurrent transactions need to be updated in real time 
B) accounts common to many concurrent transactions need to be updated in real time 
C) accounts unique to many concurrent transactions need to be updated in real time 
D) none of the above 
A) accounts both common and unique to many concurrent transactions need to be updated in real time 
B) accounts common to many concurrent transactions need to be updated in real time 
C) accounts unique to many concurrent transactions need to be updated in real time 
D) none of the above

Question 11

System flowcharts

Accepted Answer

A) depict logical tasks that are being performed, but not who is performing them 
B) illustrate the relationship between database entities in systems 
C) represent relationships between key elements of both manual and computer systems 
D) describe the internal logic of computer applications in systems 
A) depict logical tasks that are being performed, but not who is performing them 
B) illustrate the relationship between database entities in systems 
C) represent relationships between key elements of both manual and computer systems 
D) describe the internal logic of computer applications in systems

Question 12

Real-time processing is used for routine transactions in large numbers.

Accepted Answer

A) True 
 B)False

Question 13

A key feature of a database management system is that users are given access only to the information they need to perform their jobs.

Accepted Answer

A) True 
 B)False

Question 14

Batch processing of non-critical accounts improves operational efficiency.

Accepted Answer

A) True 
 B)False

Question 15

The most important purpose of a turnaround document is to

Accepted Answer

A) serve as a source document 
B) inform a customer of the outstanding amount payable 
C) provide an audit trail for the external auditor 
D) inform the bank of electronic funds deposits 
A) serve as a source document 
B) inform a customer of the outstanding amount payable 
C) provide an audit trail for the external auditor 
D) inform the bank of electronic funds deposits

Question 16

Explain the following three types of pointers: physical address pointer,relative address pointer,and logical key pointer.

Accepted Answer

A physical address pointer contains the

Question 17

System flowcharts represent the input sources,programs,and output products of a computer system.

Accepted Answer

A) True 
 B)False

Question 18

Which symbol represents a decision?

Accepted Answer

A)    
B)    
C)    
D)    
A)    
B)    
C)    
D)

Question 19

The most important advantage of an alphabetic code is that

Accepted Answer

A) meaning is readily conveyed to users 
B) sorting is simplified 
C) the capacity to represent items is increased 
D) missing documents can be identified 
A) meaning is readily conveyed to users 
B) sorting is simplified 
C) the capacity to represent items is increased 
D) missing documents can be identified

Question 20

Data flow diagrams

Accepted Answer

A) depict logical tasks that are being performed, but not who is performing them 
B) illustrate the relationship between processes, and the documents that flow between them and trigger activities 
C) represent relationships between key elements of the computer system 
D) describe in detail the logic of the process 
A) depict logical tasks that are being performed, but not who is performing them 
B) illustrate the relationship between processes, and the documents that flow between them and trigger activities 
C) represent relationships between key elements of the computer system 
D) describe in detail the logic of the process

Which of the following is a turnaround document?

Processing more transactions at a lower unit cost makes batch processing more efficient than real-time systems.

A control account is a general ledger account which is supported by a subsidiary ledger.

Most organizations have replaced the general journal with a _______________________________.

In contrast to a batch processing system,in a real-time system

Which symbol represents accounting records?

Program flowcharts are used to describe the logic represented in system flowcharts.

Mnemonic codes are appropriate for items in either an ascending or descending sequence,such as the numbering of checks or source documents.

Provide a specific example of a general ledger account and a corresponding subsidiary ledger.

Operational inefficiencies occur because

System flowcharts

Real-time processing is used for routine transactions in large numbers.

A key feature of a database management system is that users are given access only to the information they need to perform their jobs.

Batch processing of non-critical accounts improves operational efficiency.

The most important purpose of a turnaround document is to

Explain the following three types of pointers: physical address pointer,relative address pointer,and logical key pointer.

System flowcharts represent the input sources,programs,and output products of a computer system.

Which symbol represents a decision?

The most important advantage of an alphabetic code is that

Data flow diagrams

The Information System: an Accountants Perspective

Ethics,fraud,and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part II: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

Financial Reporting,and Management Reporting Systems

Database Management Systems

The Rea Approach to Business Process Modeling

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Auditing It Controls Part I: Sarbanes-Oxley and It Governance

Auditing It Controls Part II: Security and Access

Auditing It Controls Part III: Systems Development, program Changes, and Application Auditing

Filters

Exam 2: Introduction to Transaction Processing

Which of the following is a turnaround document?

Processing more transactions at a lower unit cost makes batch processing more efficient than real-time systems.

A control account is a general ledger account which is supported by a subsidiary ledger.

Most organizations have replaced the general journal with a _______________________________.

In contrast to a batch processing system,in a real-time system

Which symbol represents accounting records?

Program flowcharts are used to describe the logic represented in system flowcharts.

Mnemonic codes are appropriate for items in either an ascending or descending sequence,such as the numbering of checks or source documents.

Provide a specific example of a general ledger account and a corresponding subsidiary ledger.

Operational inefficiencies occur because

System flowcharts

Real-time processing is used for routine transactions in large numbers.

A key feature of a database management system is that users are given access only to the information they need to perform their jobs.

Batch processing of non-critical accounts improves operational efficiency.

The most important purpose of a turnaround document is to

Explain the following three types of pointers: physical address pointer,relative address pointer,and logical key pointer.

System flowcharts represent the input sources,programs,and output products of a computer system.

Which symbol represents a decision?

The most important advantage of an alphabetic code is that

Data flow diagrams

The Information System: an Accountants Perspective

Ethics,fraud,and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part II: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

Financial Reporting,and Management Reporting Systems

Database Management Systems

The Rea Approach to Business Process Modeling

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Auditing It Controls Part I: Sarbanes-Oxley and It Governance

Auditing It Controls Part II: Security and Access

Auditing It Controls Part III: Systems Development, program Changes, and Application Auditing

Filters