Question 1

The most significant characteristic of direct access files is access speed.

Accepted Answer

A) True 
 B)False  True

Question 2

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 A

Question 3

Data flow diagrams represent the physical system.

Accepted Answer

A) True 
 B)False  False

Question 4

Give an example of how cardinality relates to business policy.

Accepted Answer

Cardinality reflects normal business rul

Question 5

A control account is a general ledger account which is supported by a subsidiary ledger.

Accepted Answer

A) True 
 B)False

Question 6

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 7

Which symbol represents accounting records?

Accepted Answer

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

Question 8

Data flow diagrams

Accepted Answer

A)  depict logical tasks that are being performed, but not who is performing them 
B)  illustrate the relationship between processes, and the documents that flow between them and trigger activities 
C)  represent relationships between key elements of the computer system 
D)  describe in detail the logic of the process 
A)  depict logical tasks that are being performed, but not who is performing them 
B)  illustrate the relationship between processes, and the documents that flow between them and trigger activities 
C)  represent relationships between key elements of the computer system 
D)  describe in detail the logic of the process

Question 9

The coding scheme most appropriate for a chart of accounts is

Accepted Answer

A)  sequential code 
B)  block code 
C)  group code 
D)  mnemonic code 
A)  sequential code 
B)  block code 
C)  group code 
D)  mnemonic code

Question 10

Which system produces information used for inventory valuation, budgeting, cost control, performance reporting, and make-buy decisions?

Accepted Answer

A)  sales order processing 
B)  purchases/accounts payable 
C)  cash disbursements 
D)  cost accounting 
A)  sales order processing 
B)  purchases/accounts payable 
C)  cash disbursements 
D)  cost accounting

Question 11

How may batch processing be used to improve operational efficiency?

Accepted Answer

A single transaction may affect several

Question 12

Operational inefficiencies occur because

Accepted Answer

A)  accounts both common and unique to many concurrent transactions need to be updated in real time. 
B)  accounts common to many concurrent transactions need to be updated in real time. 
C)  accounts unique to many concurrent transactions need to be updated in real time. 
D)  None of the above are true statements 
A)  accounts both common and unique to many concurrent transactions need to be updated in real time. 
B)  accounts common to many concurrent transactions need to be updated in real time. 
C)  accounts unique to many concurrent transactions need to be updated in real time. 
D)  None of the above are true statements

Question 13

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

Accepted Answer

process, d

Question 14

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

Accepted Answer

Sequential codes represent items in some

Question 15

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

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

The block code is the coding scheme most appropriate for a chart of accounts.

Accepted Answer

A) True 
 B)False

Question 18

What are the reasons companies use coding schemes in their accounting information systems?

Accepted Answer

Companies use coding schemes in their AI

Question 19

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

Accepted Answer

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

Question 20

The process of acquiring raw materials is part of the conversion cycle.

Accepted Answer

A) True 
 B)False

The most significant characteristic of direct access files is access speed.

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

Data flow diagrams represent the physical system.

Give an example of how cardinality relates to business policy.

A control account is a general ledger account which is supported by a subsidiary ledger.

Sequential storage means

Which symbol represents accounting records?

Data flow diagrams

The coding scheme most appropriate for a chart of accounts is

Which system produces information used for inventory valuation, budgeting, cost control, performance reporting, and make-buy decisions?

How may batch processing be used to improve operational efficiency?

Operational inefficiencies occur because

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

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

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

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

The block code is the coding scheme most appropriate for a chart of accounts.

What are the reasons companies use coding schemes in their accounting information systems?

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

The process of acquiring raw materials is part of the conversion 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

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

The most significant characteristic of direct access files is access speed.

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

Data flow diagrams represent the physical system.

Give an example of how cardinality relates to business policy.

A control account is a general ledger account which is supported by a subsidiary ledger.

Sequential storage means

Which symbol represents accounting records?

Data flow diagrams

The coding scheme most appropriate for a chart of accounts is

Which system produces information used for inventory valuation, budgeting, cost control, performance reporting, and make-buy decisions?

How may batch processing be used to improve operational efficiency?

Operational inefficiencies occur because

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

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

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

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

The block code is the coding scheme most appropriate for a chart of accounts.

What are the reasons companies use coding schemes in their accounting information systems?

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

The process of acquiring raw materials is part of the conversion 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

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