Deck 5: Sales and Collections Business Process

Question 1

Business rules are unrelated to COSO control activities, although they serve an important purpose.

Answer 1

False

Question 2

Refer to the following diagram. Which of the following answers provides the best interpretation of the multiplicities for the association between the Employees and the Product Categories classes?

A. Each employee must be assigned to manage at least one product category.
B. Each product category has one manager.
C. Each product category can have no managers or multiple managers.
D. Each employee can manage only one product category.

Answer 2

Each product category has one manager

Question 3

Which of the following best describes the purpose of a BPMN collapsed sub-process?
A. Shows the interchange between two pools.
B. Depicts the sequence of activities in one pool.
C. Contains a series of activities that are hidden from view.
D. Illustrates the process flow when an exception occurs.

Answer 3

Contains a series of activities that are hidden from view

Question 4

Type images can be used to allow process information to be summarized by category.

Question 5

A BPMN process flow can start in one pool and end in the collaborating pool.

Question 6

Refer to the following diagram. Which of the following answers provides the best interpretation of the multiplicities for the association between the Cash Receipt and Cash classes?

A. Each cash receipt is deposited into one bank account.
B. Each order increases accounts receivable.
C. The company only has one bank account.
D. Some cash receipts are not deposited into a bank account.

Question 7

In a collaboration model using BPMN, the interaction between participants is called orchestration.

Question 8

One-to-many relationships are implemented by posting a foreign key.

Question 9

Which of the following best describes the purpose of an intermediate error event?
A. Shows the interchange between two pools.
B. Depicts the sequence of activities in one pool.
C. Contains a series of activities that are hidden from view.
D. Illustrates the process flow when an exception occurs.

Question 10

One-to-one relationships are implemented by creating a linking table.

Question 11

BPMN models can describe the collaboration between two organizations using pools.

Question 12

Review the following diagram. Which answer provides the best interpretation of the multiplicities for the association between the Quote class and the Order class?

A. Quotes and orders are entered into the system at the same time.
B. Each quote may result in many future Orders.
C. The same Sunset Partner both prepares quotes and records orders.
D. Each order must result from a prior quote.

Question 13

Which of the following best describes the difference between access controls and application controls?
A. Access controls limit who can change records and application controls provide an audit trail of any changes.
B. Access controls implement business rules and application controls do not.
C. Access controls are "prohibited" business rules and application controls are "allowed" business rules.
D. There is no difference between access and application controls.

Question 14

Many-to-many relationships are implemented by posting a foreign key.

Question 15

Refer to the following diagram. Which of the following answers provides the best interpretation of the multiplicities for the association between the Order class and the Products class?

A. Each order must specify the same products as the previous quote.
B. Each product has been ordered at least once.
C. An order does not have to include a product.
D. An order may include many products.

Question 16

Application controls limit who can change records in a system.

Question 17

Segregation of duties is an example of a COSO control activity.

Question 18

An intermediate error event can be used to model process exceptions.

Question 19

A pool in a BPMN model does not actually have to display any activities.

Question 20

Refer to the following diagram. Which of the following answers provides the best interpretation of the multiplicities for the association between the Orders and Cash Receipt classes?

A. Some customers pay for their orders in advance.
B. Some orders result in several payments from the customers.
C. Each cash receipt pays for at least one order, but it could pay for many orders.
D. Each cash receipt pays for a minimum of 0 orders and a maximum of 1 order.
AICPA BB: Leveraging Technology
AICPA FN: Leveraging Technology

Question 21

Which of the following best describes the purpose of an intermediate timer event?
A. Shows the timing of messages between two pools
B. Determines when the business process begins
C. Illustrates the process flow when a delay occurs
D. Contains a series of activities that are hidden from view

Question 22

Which of the following best describes the orchestration in a BPMN activity diagram?
A. Shows the interaction of messages between participants in the business process
B. Hides activities that are not of interest in the analysis of the business process
C. Shows the sequence of activities within one pool
D. Follows the sequence flow from start to end

Question 23

Refer to the following diagram. Which of the following answers does not provide a valid interpretation of the multiplicities for the association between the Inventory and the Product Category classes?

A. Every product category is managed by one employee.
B. Every product category includes at least one inventory item.
C. Some product categories do not include inventory items.
D. Every inventory item is in at most one product category.

Question 24

Which of the following occurs at the same time a sale of goods occurs?
A. Reduction in accounts receivable
B. Increase in inventory
C. Increase in accounts payable
D. Recognition of cost of goods sold

Question 25

Which of the following best describes the use of type images in UML class modeling?
A. Allow companies to include graphic images in class models
B. Used to enumerate a many-to-many association between two REA classes
C. Allow modelers to distinguish between types of activities in an activity diagram
D. Allow categorization of REA classes based on management's information needs

Question 26

Business rules are an example of which COSO concept?
A. Internal control
B. Control activities
C. Control environment
D. Activity models

Question 27

Consider the following diagram. Which of the following best describes how the relationship between Sales Orders and Products will be implemented in the resulting database?

A. A new table will be created that contains both Sales Order ID and Product ID as its composite primary key
B. The Product ID will be included as a foreign key in the Sales Orders table
C. The Sales Order ID will be included as a foreign key in the Products table
D. The Quantity Ordered field will be included as a foreign key in the Products table

Question 28

Consider the following diagram. Which of the following best describes how the relationship between Sales Orders and Cash Receipts will be implemented in the resulting database?

A. The Sales Order ID will be included as a foreign key in the Cash Receipts table
B. A new table will be created that contains both Sales Order ID and Cash Receipt ID as its composite primary key
C. The Cash Receipt ID will be included as a foreign key in the Sales Orders table
D. The Cash Receipt Amount field will be included as a foreign key in the Cash Receipts table

Question 29

Consider the following diagram. How will the database relationship between Employees and Sales Orders be implemented?

A. The Sales Order ID will be included as a foreign key in the Employees table
B. The Employee ID will be included as a primary key in the Employees table
C. The Sales Order ID will be included as a primary key in the Employees table
D. The Employee ID will be included as a foreign key in the Sales Orders table

Question 30

Consider the following diagram. Which answer provides the best interpretation of the multiplicities for the association between the Sales Orders class and the Cash Receipts class?

A. A single cash receipt may apply to only one sales order
B. Sales orders and cash receipts must be entered into the system at the same time
C. Customers may pay for sales orders in multiple payments
D. An employee might never record a sales order

Question 31

In the generic REA model for the sales and collections process, the multiplicities between the Sales and Cash Receipts classes are displayed with question marks. Which of the following best explains this?
A. The direction of process flow depends on the nature of the business.
B. The quantities of items sold can't be determined until the sale occurs.
C. The actual values will depend on the nature of the business.
D. The customer determines the multiplicities for this association.

Question 32

Which of the following is not one of the elements to be identified when developing business rules?
A. Important business events
B. Conditions that affects the intention/objective for an event
C. Access controls that limit who can use information
D. Actions to be taken based on conditions

Question 33

Which of the following best describes the choreography in a BPMN activity diagram?
A. Shows the interaction of messages between participants in the business process
B. Hides activities that are not of interest in the analysis of the business process
C. Shows the sequence of activities within one pool
D. Follows the sequence flow from start to end

Question 34

Which of the following activities is not associated with the sales and collection business process?
A. Recording customer payments
B. Maintaining vendor records
C. Selling products and services
D. Billing customers

Question 35

Consider the following diagram. How will the database relationship between Customers and Sales Orders be implemented?

A. The Sales Order ID will be included as a foreign key in the Customers table
B. The Customer ID will be included as a foreign key in the Sales Orders table
C. The Customer ID will be included as a primary key in the Customer table
D. The Sales Order ID will be included as a primary key in the Customer table

Question 36

Which of the following best describes the purpose of an intermediate timer event?
A. Shows the timing of messages between two pools
B. Determines when the business process begins
C. Illustrates the process flow when a delay occurs
D. Contains a series of activities that are hidden from view