Question 1

The internal auditor represents the interests of third-party outsiders.

Accepted Answer

A) True 
 B)False

Question 2

Motivations for IT outsourcing include each of the following except

Accepted Answer

A) IT's highly technical nature 
B) long term contracts in IT outsourcing 
C) expense of IT 
D) dynamically changing nature of IT 
A) IT's highly technical nature 
B) long term contracts in IT outsourcing 
C) expense of IT 
D) dynamically changing nature of IT

Question 3

A database is a collection of interconnected computers and communications devices that allows users to communicate,access data and applications,and share information and resources.

Accepted Answer

A) True 
 B)False

Question 4

One member of a company's audit committee must be an independent CPA.

Accepted Answer

A) True 
 B)False

Question 5

The objectives of all information systems include all of the following except

Accepted Answer

A) support for the stewardship function of management 
B) evaluating transaction data 
C) support for the day-to-day operations of the firm 
D) support for management decision making 
A) support for the stewardship function of management 
B) evaluating transaction data 
C) support for the day-to-day operations of the firm 
D) support for management decision making

Question 6

Distinguish between the accounting information system and the management information system.

Accepted Answer

The accounting information system proces

Question 7

The purpose of the transaction processing system includes all of the following except

Accepted Answer

A) converting economic events into financial transactions 
B) recording financial transactions in the accounting records 
C) distributing essential information to operations personnel to support their daily operations 
D) measuring and reporting the status of financial resources and the changes in those resources 
A) converting economic events into financial transactions 
B) recording financial transactions in the accounting records 
C) distributing essential information to operations personnel to support their daily operations 
D) measuring and reporting the status of financial resources and the changes in those resources

Question 8

The primary input to the transaction processing system is

Accepted Answer

A) a financial transaction 
B) an accounting record 
C) an accounting report 
D) a nonfinancial transaction 
A) a financial transaction 
B) an accounting record 
C) an accounting report 
D) a nonfinancial transaction

Question 9

The database administrator is responsible for the security and integrity of the database.

Accepted Answer

A) True 
 B)False

Question 10

The transaction processing system includes all of the following cycles except

Accepted Answer

A) the revenue cycle 
B) the administrative cycle 
C) the expenditure cycle 
D) the conversion cycle 
A) the revenue cycle 
B) the administrative cycle 
C) the expenditure cycle 
D) the conversion cycle

Question 11

These tests focus on data rather than process: __________________________.

Accepted Answer

The answer of These tests focus on data rather than...

Question 12

A practice in which an organization sells its IT resources and leases them back is called ___________________________________.

Accepted Answer

The answer of A practice in which an organization sells...

Question 13

Advantages of cloud computing include all of the following except

Accepted Answer

A) access to whatever computing power is needed 
B) paying only for what is used 
C) unknown data processing location 
D) flexible, short term contracts 
A) access to whatever computing power is needed 
B) paying only for what is used 
C) unknown data processing location 
D) flexible, short term contracts

Question 14

Which individuals may be involved in the systems development life cycle?

Accepted Answer

A) accountants 
B) systems professionals 
C) end users 
D) all of the above 
A) accountants 
B) systems professionals 
C) end users 
D) all of the above

Question 15

The task of locating and transferring an existing record from the database for processing is called data ____________________.

Accepted Answer

The answer of The task of locating and transferring an...

Question 16

The most basic element of useful data in the database is the

Accepted Answer

A) record 
B) key 
C) file 
D) attribute 
A) record 
B) key 
C) file 
D) attribute

Question 17

IT outsourcing is location-independent computing.

Accepted Answer

A) True 
 B)False

Question 18

Transaction processing systems convert non-financial transactions into financial transactions.

Accepted Answer

A) True 
 B)False

Question 19

When preparing discretionary reports,organizations can choose what information to report and how to present it.

Accepted Answer

A) True 
 B)False

Question 20

Information lacking reliability may still have value.

Accepted Answer

A) True 
 B)False

The internal auditor represents the interests of third-party outsiders.

Motivations for IT outsourcing include each of the following except

A database is a collection of interconnected computers and communications devices that allows users to communicate,access data and applications,and share information and resources.

One member of a company's audit committee must be an independent CPA.

The objectives of all information systems include all of the following except

Distinguish between the accounting information system and the management information system.

The purpose of the transaction processing system includes all of the following except

The primary input to the transaction processing system is

The database administrator is responsible for the security and integrity of the database.

The transaction processing system includes all of the following cycles except

These tests focus on data rather than process: __________________________.

A practice in which an organization sells its IT resources and leases them back is called ___________________________________.

Advantages of cloud computing include all of the following except

Which individuals may be involved in the systems development life cycle?

The task of locating and transferring an existing record from the database for processing is called data ____________________.

The most basic element of useful data in the database is the

IT outsourcing is location-independent computing.

Transaction processing systems convert non-financial transactions into financial transactions.

When preparing discretionary reports,organizations can choose what information to report and how to present it.

Information lacking reliability may still have value.

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 internal auditor represents the interests of third-party outsiders.

Motivations for IT outsourcing include each of the following except

A database is a collection of interconnected computers and communications devices that allows users to communicate,access data and applications,and share information and resources.

One member of a company's audit committee must be an independent CPA.

The objectives of all information systems include all of the following except

Distinguish between the accounting information system and the management information system.

The purpose of the transaction processing system includes all of the following except

The primary input to the transaction processing system is

The database administrator is responsible for the security and integrity of the database.

The transaction processing system includes all of the following cycles except

These tests focus on data rather than process: __________________________.

A practice in which an organization sells its IT resources and leases them back is called ___________________________________.

Advantages of cloud computing include all of the following except

Which individuals may be involved in the systems development life cycle?

The task of locating and transferring an existing record from the database for processing is called data ____________________.

The most basic element of useful data in the database is the

IT outsourcing is location-independent computing.

Transaction processing systems convert non-financial transactions into financial transactions.

When preparing discretionary reports,organizations can choose what information to report and how to present it.

Information lacking reliability may still have value.

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