Question 1

To avoid deadlocks,batch processing is recommended for general ledger accounts.

Accepted Answer

A) True 
 B)False

Question 2

An entity is

Accepted Answer

A) a physical resource 
B) an event 
C) an agent 
D) all of the above are entities 
A) a physical resource 
B) an event 
C) an agent 
D) all of the above are entities

Question 3

The box symbol represents a temporary file.

Accepted Answer

A) True 
 B)False

Question 4

In general,a special journal would not be used to record

Accepted Answer

A) sales 
B) cash disbursements 
C) depreciation 
D) purchases 
A) sales 
B) cash disbursements 
C) depreciation 
D) purchases

Question 5

A ledger is organized by

Accepted Answer

A) transaction number 
B) account number 
C) date 
D) user 
A) transaction number 
B) account number 
C) date 
D) user

Question 6

When determining the batch size,which consideration is the least important?

Accepted Answer

A) achieving economies by grouping together large numbers of transactions 
B) complying with legal mandates 
C) providing control over the transaction process 
D) balancing the trade-off between batch size and error detection 
A) achieving economies by grouping together large numbers of transactions 
B) complying with legal mandates 
C) providing control over the transaction process 
D) balancing the trade-off between batch size and error detection

Question 7

The order of the entries made in the general journal is by

Accepted Answer

A) date 
B) account number 
C) user 
D) customer number 
A) date 
B) account number 
C) user 
D) customer number

Question 8

Which accounting application is best suited to batch processing?

Accepted Answer

A) general ledger 
B) updating inventory reductions to the subsidiary ledger 
C) sales order processing 
D) payroll processing 
A) general ledger 
B) updating inventory reductions to the subsidiary ledger 
C) sales order processing 
D) payroll processing

Question 9

Batch processing is best used when timely information is needed because this method processes data efficiently.

Accepted Answer

A) True 
 B)False

Question 10

Directing work-in-process through its various stages of manufacturing is part of the conversion cycle.

Accepted Answer

A) True 
 B)False

Question 11

A common use for sequential coding is

Accepted Answer

A) creating the chart of accounts 
B) identifying inventory items 
C) identifying documents 
D) identifying fixed assets 
A) creating the chart of accounts 
B) identifying inventory items 
C) identifying documents 
D) identifying fixed assets

Question 12

Block codes restrict each class to a pre-specified range.

Accepted Answer

A) True 
 B)False

Question 13

The general journal is used to record recurring transactions that are similar in nature.

Accepted Answer

A) True 
 B)False

Question 14

Subsidiary ledgers are used in manual accounting environments.What file is comparable to a subsidiary ledger in a computerized environment?

Accepted Answer

A) archive file 
B) reference file 
C) transaction file 
D) master file 
A) archive file 
B) reference file 
C) transaction file 
D) master file

Question 15

Which system produces information used for inventory valuation,budgeting,cost control,performance reporting,and make-buy decisions?

Accepted Answer

A) sales order processing 
B) purchases/accounts payable 
C) cash disbursements 
D) cost accounting 
A) sales order processing 
B) purchases/accounts payable 
C) cash disbursements 
D) cost accounting

Question 16

List two of the three transaction cycles.

Accepted Answer

expenditur

Question 17

The most important advantage of sequential coding is that

Accepted Answer

A) missing or unrecorded documents can be identified 
B) the code itself lacks informational content 
C) items cannot be inserted 
D) deletions affect the sequence 
A) missing or unrecorded documents can be identified 
B) the code itself lacks informational content 
C) items cannot be inserted 
D) deletions affect the sequence

Question 18

The process of acquiring raw materials is part of the conversion cycle.

Accepted Answer

A) True 
 B)False

Question 19

What are the key distinguishing features of legacy systems?

Accepted Answer

Legacy systems tend to have the followin

Question 20

Give a specific example of a turnaround document.

Accepted Answer

credit card,electric

To avoid deadlocks,batch processing is recommended for general ledger accounts.

An entity is

The box symbol represents a temporary file.

In general,a special journal would not be used to record

A ledger is organized by

When determining the batch size,which consideration is the least important?

The order of the entries made in the general journal is by

Which accounting application is best suited to batch processing?

Batch processing is best used when timely information is needed because this method processes data efficiently.

Directing work-in-process through its various stages of manufacturing is part of the conversion cycle.

A common use for sequential coding is

Block codes restrict each class to a pre-specified range.

The general journal is used to record recurring transactions that are similar in nature.

Subsidiary ledgers are used in manual accounting environments.What file is comparable to a subsidiary ledger in a computerized environment?

Which system produces information used for inventory valuation,budgeting,cost control,performance reporting,and make-buy decisions?

List two of the three transaction cycles.

The most important advantage of sequential coding is that

The process of acquiring raw materials is part of the conversion cycle.

What are the key distinguishing features of legacy systems?

Give a specific example of a turnaround document.

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

To avoid deadlocks,batch processing is recommended for general ledger accounts.

An entity is

The box symbol represents a temporary file.

In general,a special journal would not be used to record

A ledger is organized by

When determining the batch size,which consideration is the least important?

The order of the entries made in the general journal is by

Which accounting application is best suited to batch processing?

Batch processing is best used when timely information is needed because this method processes data efficiently.

Directing work-in-process through its various stages of manufacturing is part of the conversion cycle.

A common use for sequential coding is

Block codes restrict each class to a pre-specified range.

The general journal is used to record recurring transactions that are similar in nature.

Subsidiary ledgers are used in manual accounting environments.What file is comparable to a subsidiary ledger in a computerized environment?

Which system produces information used for inventory valuation,budgeting,cost control,performance reporting,and make-buy decisions?

List two of the three transaction cycles.

The most important advantage of sequential coding is that

The process of acquiring raw materials is part of the conversion cycle.

What are the key distinguishing features of legacy systems?

Give a specific example of a turnaround document.

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