Question 1

When a firm wants its coding system to convey meaning without reference to any other document,it would choose

Accepted Answer

A)  an alphabetic code 
B)  a mnemonic code 
C)  a group code 
D)  a block code 
A)  an alphabetic code 
B)  a mnemonic code 
C)  a group code 
D)  a block code

Question 2

Give a specific example of a turn-around document.

Accepted Answer

credit card,electric

Question 3

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 4

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 5

The flat-file approach is most often associated with so-called legacy systems.

Accepted Answer

A) True 
 B)False

Question 6

What are the key distinguishing features of legacy systems?

Accepted Answer

Legacy systems tend to have the followin

Question 7

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 8

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 9

How may batch processing be used to improve operational efficiency?

Accepted Answer

A single transaction may affect several

Question 10

Operational inefficiencies occur because accounts common to many concurrent transactions need to be updated in real time.

Accepted Answer

A) True 
 B)False

Question 11

A journal is used in manual accounting environments.What file is comparable to a journal 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 12

For what purpose are ER diagrams used?

Accepted Answer

An entity relationship (ER)dia

Question 13

In contrast to a real-time system,in a batch processing system

Accepted Answer

A)  there is a lag between the time when the economic event occurs and the financial records are updated 
B)  relatively more resources are required 
C)  a greater resource commitment per unit of output is required 
D)  processing takes place when the economic event occurs 
A)  there is a lag between the time when the economic event occurs and the financial records are updated 
B)  relatively more resources are required 
C)  a greater resource commitment per unit of output is required 
D)  processing takes place when the economic event occurs

Question 14

Which step is not found in batch processing using sequential files?

Accepted Answer

A)  control totals 
B)  sort runs 
C)  edit runs 
D)  immediate feedback of data entry errors 
A)  control totals 
B)  sort runs 
C)  edit runs 
D)  immediate feedback of data entry errors

Question 15

______________________________________ are the two data processing approaches used in modern systems.

Accepted Answer

Batch proc

Question 16

Data flow diagrams represent the physical system.

Accepted Answer

A) True 
 B)False

Question 17

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 18

In a computerized environment,a list of authorized suppliers would be found in the

Accepted Answer

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

Question 19

The most important advantage of an alphabetic code is that

Accepted Answer

A)  meaning is readily conveyed to users 
B)  sorting is simplified 
C)  the capacity to represent items is increased 
D)  missing documents can be identified 
A)  meaning is readily conveyed to users 
B)  sorting is simplified 
C)  the capacity to represent items is increased 
D)  missing documents can be identified

Question 20

What are the subsystems of the expenditure cycle?

Accepted Answer

purchasing,cash disb

When a firm wants its coding system to convey meaning without reference to any other document,it would choose

Give a specific example of a turn-around document.

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

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

The flat-file approach is most often associated with so-called legacy systems.

What are the key distinguishing features of legacy systems?

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

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

How may batch processing be used to improve operational efficiency?

Operational inefficiencies occur because accounts common to many concurrent transactions need to be updated in real time.

A journal is used in manual accounting environments.What file is comparable to a journal in a computerized environment?

For what purpose are ER diagrams used?

In contrast to a real-time system,in a batch processing system

Which step is not found in batch processing using sequential files?

______________________________________ are the two data processing approaches used in modern systems.

Data flow diagrams represent the physical system.

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

In a computerized environment,a list of authorized suppliers would be found in the

The most important advantage of an alphabetic code is that

What are the subsystems of the expenditure cycle?

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

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Exam 2: Introduction to Transaction Processing

When a firm wants its coding system to convey meaning without reference to any other document,it would choose

Give a specific example of a turn-around document.

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

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

The flat-file approach is most often associated with so-called legacy systems.

What are the key distinguishing features of legacy systems?

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

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

How may batch processing be used to improve operational efficiency?

Operational inefficiencies occur because accounts common to many concurrent transactions need to be updated in real time.

A journal is used in manual accounting environments.What file is comparable to a journal in a computerized environment?

For what purpose are ER diagrams used?

In contrast to a real-time system,in a batch processing system

Which step is not found in batch processing using sequential files?

______________________________________ are the two data processing approaches used in modern systems.

Data flow diagrams represent the physical system.

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

In a computerized environment,a list of authorized suppliers would be found in the

The most important advantage of an alphabetic code is that

What are the subsystems of the expenditure cycle?

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