Question 1

What are the two broad classes of file technologies?

Accepted Answer

Flat files

Question 2

Mnemonic codes are appropriate for items in either an ascending or descending sequence, such as the numbering of checks or source documents.

Accepted Answer

A) True 
 B)False

Question 3

In a flat-file system, files are easily shared by users.

Accepted Answer

A) True 
 B)False

Question 4

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 5

Real-time processing in systems that handle large volumes of transactions each day can create operational inefficiencies.

Accepted Answer

A) True 
 B)False

Question 6

For a given field size, a system that uses alphabetic codes can represent far more situations than a system with that uses numeric codes.

Accepted Answer

A) True 
 B)False

Question 7

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 8

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

Accepted Answer

A) True 
 B)False

Question 9

Why might an auditor use a program flowchart?

Accepted Answer

When testing an application pr

Question 10

The order of the entries made in the ledger is by

Accepted Answer

A)  transaction number 
B)  account number 
C)  Date 
D)  User 
A)  transaction number 
B)  account number 
C)  Date 
D)  User

Question 11

What are the three characteristics that are used to distinguish between batch and real-time systems.

Accepted Answer

time frame

Question 12

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 13

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 14

Explain how a hashing structure works and why it is quicker than using an index. Give an example. If it so much faster, why isn't it used exclusively?

Accepted Answer

A hashing structure typically works by t

Question 15

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 16

How are computer system flowcharts and program flowcharts related?

Accepted Answer

The system flowchart shows the relations

Question 17

Give a brief description of each of the following documentation techniques: systems flowchart, and program flowchart.

Accepted Answer

System flowcharts portray the relationsh

Question 18

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 19

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 20

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

Accepted Answer

Batch proc

What are the two broad classes of file technologies?

Mnemonic codes are appropriate for items in either an ascending or descending sequence, such as the numbering of checks or source documents.

In a flat-file system, files are easily shared by users.

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

Real-time processing in systems that handle large volumes of transactions each day can create operational inefficiencies.

For a given field size, a system that uses alphabetic codes can represent far more situations than a system with that uses numeric codes.

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.

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

Why might an auditor use a program flowchart?

The order of the entries made in the ledger is by

What are the three characteristics that are used to distinguish between batch and real-time systems.

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

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

Explain how a hashing structure works and why it is quicker than using an index. Give an example. If it so much faster, why isn't it used exclusively?

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

How are computer system flowcharts and program flowcharts related?

Give a brief description of each of the following documentation techniques: systems flowchart, and program flowchart.

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

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

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

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

What are the two broad classes of file technologies?

Mnemonic codes are appropriate for items in either an ascending or descending sequence, such as the numbering of checks or source documents.

In a flat-file system, files are easily shared by users.

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

Real-time processing in systems that handle large volumes of transactions each day can create operational inefficiencies.

For a given field size, a system that uses alphabetic codes can represent far more situations than a system with that uses numeric codes.

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.

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

Why might an auditor use a program flowchart?

The order of the entries made in the ledger is by

What are the three characteristics that are used to distinguish between batch and real-time systems.

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

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

Explain how a hashing structure works and why it is quicker than using an index. Give an example. If it so much faster, why isn't it used exclusively?

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

How are computer system flowcharts and program flowcharts related?

Give a brief description of each of the following documentation techniques: systems flowchart, and program flowchart.

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

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

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

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