Question 1

What does an entity relationship diagram represent? Why do accountants need to understand them?

Accepted Answer

Entity relationship diagrams represent t

Question 2

Why is the master file backup procedure important?

Accepted Answer

Master file backup is a standard procedu

Question 3

Auditors may prepare program flowcharts to verify the correctness of program logic.

Accepted Answer

A) True 
 B)False

Question 4

Time lag is one characteristic used to distinguish between batch and real-time systems.Explain.Give an example of when each is a realistic choice.

Accepted Answer

Batch processing collects similar transa

Question 5

The type of transaction most suitable for real-time processing is

Accepted Answer

A) recording fixed asset purchases 
B) recording interest earned on long-term bonds 
C) adjusting prepaid insurance 
D) recording a sale on account 
A) recording fixed asset purchases 
B) recording interest earned on long-term bonds 
C) adjusting prepaid insurance 
D) recording a sale on account

Question 6

Which symbol represents a magnetic tape (sequential storage device)?

Accepted Answer

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

Question 7

Only four symbols are used in data flow diagrams.What are they?

Accepted Answer

process,da

Question 8

How may batch processing be used to improve operational efficiency?

Accepted Answer

A single transaction may affect several

Question 9

Real-time processing would be most beneficial in handling a firm's

Accepted Answer

A) fixed asset records 
B) retained earnings information 
C) merchandise inventory 
D) depreciation records 
A) fixed asset records 
B) retained earnings information 
C) merchandise inventory 
D) depreciation records

Question 10

What are the three characteristics that are used to distinguish between batch and real-time systems.

Accepted Answer

time frame

Question 11

Data flow diagrams represent the physical system.

Accepted Answer

A) True 
 B)False

Question 12

System flowcharts are often used to depict processes that are handled in batches.

Accepted Answer

A) True 
 B)False

Question 13

The revenue cycle has two subsystems.What are they and what occurs within each?

Accepted Answer

The two subsystems of the revenue cycle

Question 14

Document flowcharts are used to represent systems at different levels of detail.

Accepted Answer

A) True 
 B)False

Question 15

Sequential codes may be used to represent complex items or events involving two or more pieces of related data.

Accepted Answer

A) True 
 B)False

Question 16

Compare and contrast the relative advantages and disadvantages of sequential,block,group,alphabetic,and mnemonic codes.

Accepted Answer

Sequential codes are appropriate for ite

Question 17

In a flat-file system,files are easily shared by users.

Accepted Answer

A) True 
 B)False

Question 18

If an organization processes large numbers of transactions that use common data records,what type of system would work best (all else being equal)?

Accepted Answer

Large-scale systems that process high vo

Question 19

A cardinality of 1:M indicates a

Accepted Answer

A) many to one connection 
B) one to one connection 
C) one to many connection 
D) any of the above 
A) many to one connection 
B) one to one connection 
C) one to many connection 
D) any of the above

Question 20

Which type of graphical documentation represents systems at different levels of detail?

Accepted Answer

A) data flow diagram 
B) document flowchart 
C) system flowchart 
D) program flowchart 
A) data flow diagram 
B) document flowchart 
C) system flowchart 
D) program flowchart

What does an entity relationship diagram represent? Why do accountants need to understand them?

Why is the master file backup procedure important?

Auditors may prepare program flowcharts to verify the correctness of program logic.

Time lag is one characteristic used to distinguish between batch and real-time systems.Explain.Give an example of when each is a realistic choice.

The type of transaction most suitable for real-time processing is

Which symbol represents a magnetic tape (sequential storage device)?

Only four symbols are used in data flow diagrams.What are they?

How may batch processing be used to improve operational efficiency?

Real-time processing would be most beneficial in handling a firm's

What are the three characteristics that are used to distinguish between batch and real-time systems.

Data flow diagrams represent the physical system.

System flowcharts are often used to depict processes that are handled in batches.

The revenue cycle has two subsystems.What are they and what occurs within each?

Document flowcharts are used to represent systems at different levels of detail.

Sequential codes may be used to represent complex items or events involving two or more pieces of related data.

Compare and contrast the relative advantages and disadvantages of sequential,block,group,alphabetic,and mnemonic codes.

In a flat-file system,files are easily shared by users.

If an organization processes large numbers of transactions that use common data records,what type of system would work best (all else being equal)?

A cardinality of 1:M indicates a

Which type of graphical documentation represents systems at different levels of detail?

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

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Exam 2: Introduction to Transaction Processing

What does an entity relationship diagram represent? Why do accountants need to understand them?

Why is the master file backup procedure important?

Auditors may prepare program flowcharts to verify the correctness of program logic.

Time lag is one characteristic used to distinguish between batch and real-time systems.Explain.Give an example of when each is a realistic choice.

The type of transaction most suitable for real-time processing is

Which symbol represents a magnetic tape (sequential storage device)?

Only four symbols are used in data flow diagrams.What are they?

How may batch processing be used to improve operational efficiency?

Real-time processing would be most beneficial in handling a firm's

What are the three characteristics that are used to distinguish between batch and real-time systems.

Data flow diagrams represent the physical system.

System flowcharts are often used to depict processes that are handled in batches.

The revenue cycle has two subsystems.What are they and what occurs within each?

Document flowcharts are used to represent systems at different levels of detail.

Sequential codes may be used to represent complex items or events involving two or more pieces of related data.

Compare and contrast the relative advantages and disadvantages of sequential,block,group,alphabetic,and mnemonic codes.

In a flat-file system,files are easily shared by users.

If an organization processes large numbers of transactions that use common data records,what type of system would work best (all else being equal)?

A cardinality of 1:M indicates a

Which type of graphical documentation represents systems at different levels of detail?

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