Question 1

The goal of data processing is

Accepted Answer

A) the verification of the algorithms used 
B) to collect only relevant data 
C) the production of useful information 
D) to develop a hierarchy of outputs 
A) the verification of the algorithms used 
B) to collect only relevant data 
C) the production of useful information 
D) to develop a hierarchy of outputs

Question 2

Market research and advertising are part of which business function?

Accepted Answer

A) materials management 
B) finance 
C) marketing 
D) production 
A) materials management 
B) finance 
C) marketing 
D) production

Question 3

Entities outside the organization with a direct or indirect interest in the firm,such as stockholders,financial institutions,and government agencies,are called ____________________.

Accepted Answer

The answer of Entities outside the organization with a direct...

Question 4

The tests that focus on the system itself and how it is designed to reduce risk is called ____________________.

Accepted Answer

The answer of The tests that focus on the system...

Question 5

Two distinct ways to structure the data processing function are ____________________ and ____________________.

Accepted Answer

centralize

Question 6

Accountants play many roles relating to the accounting information system,including all of the following except

Accepted Answer

A) system users 
B) system designers 
C) system auditors 
D) system converters 
A) system users 
B) system designers 
C) system auditors 
D) system converters

Question 7

Information technology (IT)audits can be performed by both internal and external auditors.

Accepted Answer

A) True 
 B)False

Question 8

Most of the inputs to the general ledger system come from the financial reporting system.

Accepted Answer

A) True 
 B)False

Question 9

One of the greatest disadvantages of database systems is that all data is always available to all users.

Accepted Answer

A) True 
 B)False

Question 10

Explain the difference between data and information.

Accepted Answer

Data are facts which may or ma

Question 11

Attestation services are performed by

Accepted Answer

A) external auditors 
B) internal accountants 
C) internal auditors 
D) third-party accountants 
A) external auditors 
B) internal accountants 
C) internal auditors 
D) third-party accountants

Question 12

Which level of management is responsible for short-term planning and coordination of activities necessary to accomplish organizational objectives?

Accepted Answer

A) operations management 
B) middle management 
C) top management 
D) line management 
A) operations management 
B) middle management 
C) top management 
D) line management

Question 13

Describe the attest function and its objectives.

Accepted Answer

The attest function-the task of an exter

Question 14

The objectives of an information system include each of the following except

Accepted Answer

A) support for the stewardship responsibilities of management 
B) furthering the financial interests of shareholders 
C) support for management decision making 
D) support for the firm's day-to-day operations 
A) support for the stewardship responsibilities of management 
B) furthering the financial interests of shareholders 
C) support for management decision making 
D) support for the firm's day-to-day operations

Question 15

Systems development represents 80 to 90 percent of the total cost of a computer system.

Accepted Answer

A) True 
 B)False

Question 16

Useful information must possess all of the following characteristics except

Accepted Answer

A) relevance 
B) precision 
C) accuracy 
D) completeness 
A) relevance 
B) precision 
C) accuracy 
D) completeness

Question 17

The management reporting system provides the internal financial information needed to manage a business.

Accepted Answer

A) True 
 B)False

Question 18

The most common audit types are ____________________,____________________,and ____________________ auditors.

Accepted Answer

internal (operationa

Question 19

Name and explain the purpose of the three major subsystems of the accounting information system (AIS):

Accepted Answer

The answer of Name and explain the purpose of the...

Question 20

Which activity is not part of the finance function?

Accepted Answer

A) cash receipts 
B) portfolio management 
C) credit 
D) general ledger 
A) cash receipts 
B) portfolio management 
C) credit 
D) general ledger

The goal of data processing is

Market research and advertising are part of which business function?

Entities outside the organization with a direct or indirect interest in the firm,such as stockholders,financial institutions,and government agencies,are called ____________________.

The tests that focus on the system itself and how it is designed to reduce risk is called ____________________.

Two distinct ways to structure the data processing function are and .

Accountants play many roles relating to the accounting information system,including all of the following except

Information technology (IT)audits can be performed by both internal and external auditors.

Most of the inputs to the general ledger system come from the financial reporting system.

One of the greatest disadvantages of database systems is that all data is always available to all users.

Explain the difference between data and information.

Attestation services are performed by

Which level of management is responsible for short-term planning and coordination of activities necessary to accomplish organizational objectives?

Describe the attest function and its objectives.

The objectives of an information system include each of the following except

Systems development represents 80 to 90 percent of the total cost of a computer system.

Useful information must possess all of the following characteristics except

The management reporting system provides the internal financial information needed to manage a business.

The most common audit types are ,,and auditors.

Name and explain the purpose of the three major subsystems of the accounting information system (AIS):

Which activity is not part of the finance function?

Introduction to Transaction Processing

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 1: The Information System: an Accountants Perspective

The goal of data processing is

Market research and advertising are part of which business function?

Entities outside the organization with a direct or indirect interest in the firm,such as stockholders,financial institutions,and government agencies,are called ____________________.

The tests that focus on the system itself and how it is designed to reduce risk is called ____________________.

Two distinct ways to structure the data processing function are ____________________ and ____________________.

Accountants play many roles relating to the accounting information system,including all of the following except

Information technology (IT)audits can be performed by both internal and external auditors.

Most of the inputs to the general ledger system come from the financial reporting system.

One of the greatest disadvantages of database systems is that all data is always available to all users.

Explain the difference between data and information.

Attestation services are performed by

Which level of management is responsible for short-term planning and coordination of activities necessary to accomplish organizational objectives?

Describe the attest function and its objectives.

The objectives of an information system include each of the following except

Systems development represents 80 to 90 percent of the total cost of a computer system.

Useful information must possess all of the following characteristics except

The management reporting system provides the internal financial information needed to manage a business.

The most common audit types are ____________________,____________________,and ____________________ auditors.

Name and explain the purpose of the three major subsystems of the accounting information system (AIS):

Which activity is not part of the finance function?

Introduction to Transaction Processing

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

Two distinct ways to structure the data processing function are and .

The most common audit types are ,,and auditors.