Question 1

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

Question 2

Which document is not a type of source document?

Accepted Answer

A)  a sales order 
B)  an employee time card 
C)  a paycheck 
D)  a sales return receipt 
A)  a sales order 
B)  an employee time card 
C)  a paycheck 
D)  a sales return receipt C

Question 3

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

Accepted Answer

A) True 
 B)False  True

Question 4

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 5

Sequential storage means

Accepted Answer

A)  data is stored on tape 
B)  access is achieved through an index 
C)  access is direct 
D)  reading record 100 requires first reading records 1 to 99 
A)  data is stored on tape 
B)  access is achieved through an index 
C)  access is direct 
D)  reading record 100 requires first reading records 1 to 99

Question 6

With regard to an entity relationship diagram,what is an entity?

Accepted Answer

Entities are physical resources (automob

Question 7

What is destructive update?

Accepted Answer

Destructive update involves re

Question 8

Is a DFD an effective documentation technique for identifying who or what performs a particular task? Explain.

Accepted Answer

No.A DFD shows which tasks are

Question 9

List two of the three transaction cycles.

Accepted Answer

expenditur

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Both the revenue and the expenditure cycle can be viewed as having two key parts.These are

Accepted Answer

A)  manual and computerized 
B)  physical and financial 
C)  input and output 
D)  batch and real-time 
A)  manual and computerized 
B)  physical and financial 
C)  input and output 
D)  batch and real-time

Question 12

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 13

What are the subsystems of the revenue cycle?

Accepted Answer

sales orde

Question 14

Is a flowchart an effective documentation technique for identifying who or what performs a particular task? Explain.

Accepted Answer

Yes.A flowchart depi

Question 15

.Explain two types of coding schemes and give examples of their use.

Accepted Answer

Sequential codes represent items in some

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

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 18

The portion of the monthly bill from a credit card company is an example of a turn-around document.

Accepted Answer

A) True 
 B)False

Question 19

Backups are automatically produced in a direct access file environment.

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A) True 
 B)False

Which accounting application is best suited to batch processing?

Which document is not a type of source document?

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

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

Sequential storage means

With regard to an entity relationship diagram,what is an entity?

What is destructive update?

Is a DFD an effective documentation technique for identifying who or what performs a particular task? Explain.

List two of the three transaction cycles.

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

Both the revenue and the expenditure cycle can be viewed as having two key parts.These are

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.

What are the subsystems of the revenue cycle?

Is a flowchart an effective documentation technique for identifying who or what performs a particular task? Explain.

.Explain two types of coding schemes and give examples of their use.

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

The most important purpose of a turnaround document is to

The portion of the monthly bill from a credit card company is an example of a turn-around document.

Backups are automatically produced in a direct access file environment.

Document flowcharts are used to represent 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

General Ledger,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

Construct,deliver,and Maintain Systems Projects

IT Controls Part I: Sarbanes-Oxley and It Governance

IT Controls Part II: Security and Access

IT Controls Part III: Systems Development, program Changes, and Application Controls

Filters

Exam 2: Introduction to Transaction Processing

Which accounting application is best suited to batch processing?

Which document is not a type of source document?

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

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

Sequential storage means

With regard to an entity relationship diagram,what is an entity?

What is destructive update?

Is a DFD an effective documentation technique for identifying who or what performs a particular task? Explain.

List two of the three transaction cycles.

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

Both the revenue and the expenditure cycle can be viewed as having two key parts.These are

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.

What are the subsystems of the revenue cycle?

Is a flowchart an effective documentation technique for identifying who or what performs a particular task? Explain.

.Explain two types of coding schemes and give examples of their use.

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

The most important purpose of a turnaround document is to

The portion of the monthly bill from a credit card company is an example of a turn-around document.

Backups are automatically produced in a direct access file environment.

Document flowcharts are used to represent 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

General Ledger,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

Construct,deliver,and Maintain Systems Projects

IT Controls Part I: Sarbanes-Oxley and It Governance

IT Controls Part II: Security and Access

IT Controls Part III: Systems Development, program Changes, and Application Controls

Filters