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business
accounting information systems

Questions and Answers of Accounting Information Systems

Which document is NOT prepared by the sales department?a. packing slipb. shipping noticec. bill of ladingd. stock release
Which document triggers the update of the inventory subsidiary ledger?a. bill of ladingb. stock releasec. sales orderd. shipping notice
Which function should NOT be performed by the billing department?a. Record the sales in the sales journal.b. Send the ledger copy of the sales order to accounts receivable.c. Send the stock release
When will a credit check approval most likely require specific authorization by the credit department?a. when verifying that the current transaction does not exceed the customer's credit limitb. when
Which type of control is considered a mitigating control?a. segregation of dutiesb. access controlc. supervisiond. accounting records
Which of the following poses the biggest threat with respect to potential losses?a. The petty cash custodian has the ability to steal petty cash. Documentation for all disbursements from the fund
In a well-designed internal control structure in which the cashier receives remittances from the mail room, the cashier should nota. endorse the checks.b. prepare the bank deposit slip.c. deposit
Which of the following situations represents an internal control weakness in accounts receivable?a. Internal auditors confirm accounts periodically. customerb. Delinquent accounts are reviewed only
Mar-port Company is a manufacturing company that uses forms and documents in its accounting information systems for record keeping and internal control. The departments in Mar-port’s organizational
What is ethics?
What three forces within an individual's personality and the external environment interact to promote fraudulent activity?
Which statement is not true?a. Business activities begin with the acquisition of materials, property, and labor in exchange for cash.b. The conversion cycle includes the task of determining raw
Sequential file processing will not permita. data to be edited on a separate computer run.b. the use of a database structure.c. data to be edited in an off-line mode.d. batch processing to be
Real-time systems might be appropriate for all of the following except:a. airline reservations.b. payroll.c. point-of-sale transactions.d. air-traffic control systems.e. all of these applications
is the document flowchart symbol for:a. on-page connector.b. off-page connector.c. home base.d. manual operation.e. document.
CMA Adapted Accounting systems are designed toa. analyze and interpret information.b. allow managers to manage by exception.c. provide information required to support decisions.d. record and report
CMA Adapted One of the ingredients of the primary quality of relevance isa. verifiability.b. predictive value.c. neutrality.d. due process.e. representational faithfulness.
CMA Adapted Accounting information that users can depend on to represent the economic conditions or events that it purports to represent best definesa. relevance.b. timeliness.c. feedback value.d.
CMA Adapted Accounting information that is capable of making a difference in a decision by helping users to confirm or correct expectations best definesa. neutrality.b. timeliness.c. accuracy.d.
CMA Adapted One of the ingredients of the primary quality of reliability isa. verifiability.b. feedback value.c. timeliness.d. comparability.e. consistency.
CMA Adapted A database isa. essential for storage of large data sets.b. a collection of related files.c. a real-time system.d. a network of computer terminals.e. a task-oriented file system.
Which is NOT an accountant's primary role in information systems?a. system userb. system auditorc. system designerd. system programmer
Which statement best describes the issue of distributed data processing (DDP)?a. The centralized and DDP approaches are mutually exclusive; an organization must choose one approach or the other.b.
CMA Adapted A major disadvantage of distributed data processing isa. the increased time between job request and job completion.b. the potential for hardware and software incompatibility among
Classify the following users of information as either: I-internal user T-external user: trading partner S-external user: stakeholder a. Internal Revenue Service b. Inventory control manager c. Board
Draw an organizational chart for your college or university. What is the “output” for a college or university, and hence what are the “production”departments?
In the last two decades, there has been a transition from a centralized mainframe computer environment to a distributed network for which an organization has the ability to share computer processing.
What is the role of the data control group?
What are the advantages and disadvantages of distributed data processing?
What is a flat-file system?
Why doesn’t Figure 15-6 include an event for “entering information about customers”? Inventory Cash H Take Customer Order H Employee Sale Receive Cash Figure 15-6 Partial REA Diagram for
Define each of the following terms:(a) phases of the decision process(b) operational control(c) relevance(d) quantifiability(e) accuracy(f) conciseness(g) timeliness(h) delay(i) frequency(j) scope(k)
Describe the major activities performed by managers.
List and discuss each of the six phases of the decision process.
Which phase of the decision process is the most critical? Why?
What phase of the decision-making process is the most difficult for the manager?
Which phases of the decision-making process primarily involve planning? Which primarily involve control?
Distinguish between the following types of software that are used to assist managers in making decisions:(a) database software(b) decision support systems(c) expert systems(d) executive information
What is a "structured query"? How do structured queries assist managers in making decisions?
Why must information have value? Can the value of information always be measured?
Explain the meaning of each of the following terms:(a) operational report(b) planning report(c) control report(d) benchmark(e) horizontal reporting system(f) vertical reporting system(g)
Identify several types of reports. For each type of report, give several examples.
Contrast and compare planning versus control reports.
Discuss several types of reports that a production manager might use.
Describe several features that are necessary for a control report to be effective.
Describe several examples of operational reports.
Explain the use of benchmarks in control reports.
Describe flexible budgeting and its importance.
Is timeliness more important for control reports or planning reports? Why?
How are account codes relevant to reporting systems?
What are the key elements of a responsibility accounting system?
What are the key elements of a profitability reporting system?
How do profitability reporting systems differ from responsibility accounting reporting systems?
For each of the following decisions, describe at least two alternative courses of action that might be available to a manager.(a) how to hire a new employee(b) how to stimulate sales(c) how to reduce
Consider each of the following decision situations. In each case, describe the importance of each phase of the decision process.(a) relocating a plant(b) redesigning a product to reduce costs(c)
In each case, discuss the necessary vertical flows of information.(a) developing a production budget(b) investigating a quality control problem(c) investigating reasons for a poor profitability for a
For each of the following types of decisions, describe the usefulness of periodic reporting (e.g., a monthly budget report)(a) evaluating the effectiveness of the sales staff(b) evaluating the
The chapter contained an illustration in which the value of the information provided by a quality control system was measured using the incremental expected-payoff model of decision theory.(a) Can
A machine produces either \(2 \%, 10 \%\), or \(25 \%\) defectives. It costs \(\$ 600\) to check the machine each morning to guarantee that it will produce \(2 \%\) defectives for that day. If the
Which of the following is (are) "fixed" in a fixed-length record?(a) the number of fields(b) the length of each field(c) both a and b(d) neither a nor b
Which of the following types of files might be stored on a direct-access storage device (DASD)?(a) a sequential-access file(b) a direct-access file(c) both a and b(d) neither a nor b
Which of the following terms is not a synonym?(a) field(b) instance(c) data item(d) element
Which of the following terms is a synonym for "repeated group"?(a) attribute(b) segment(c) field(d) record key
In \(a(n)(\) ( ______________ ) system, a user may browse an on-line database by selecting key words to retrieve information in a random fashion.(a) expert(b) object-oriented(c) segmented(d) hypertext
Which of the following conceptual database models views the components of the system being modeled as object classes?(a) object-oriented modeling technique(b) entity-relationship (E-R) data model(c)
The ( _____________ ) should have overall responsibility for documentation and control of an organization's database.(a) database administrator(b) manager of programming(c) manager of operations(d)
Which of the following is the mainstay of current database technology?(a) expert systems(b) object-oriented systems(c) database management systems (DBMSs)(d) hypertext systems
Which of the following refers to the overall logical structure of a database?(a) alias(b) virtual data(c) schema(d) network
Which of the following would the database administrator utilize to define the overall logical structure of a database?(a) DBA(b) DDL(c) DML(d) DQL
Distinguish between fixed-and variable-length records.
Identify major developments in the evolution of database technology.
What is a hypertext system?
What factors affect response time in database systems?
What are database management systems?
What are the functions of the database administrator (DBA)?
An automobile manufacturer maintains a cumulative sales file in the following relation:An example (tuple) would beIs this relation in \(3 n f\) ? CUM-SALES (MAKE, BODY-STYLE, SALES, OPEN-ORDERS)
Which of the following is a potential problem when using test data?(a) testing a program that is not the actual program used for processing(b) introducing errors into the program being tested(c) both
Which of the following is a potential problem when using integrated test facility (ITF)?(a) testing a program that is not the actual program used for processing(b) introducing errors into the program
Which of the following is a concurrent auditing technology?(a) test data(b) integrated test facility (ITF)(c) both a and b(d) neither a nor b
Which of the following is a concurrent auditing technology?(a) parallel simulation(b) generalized audit software(c) both a and b(d) neither a nor b
Which of the following is a concurrent auditing technology?(a) embedded audit routines(b) control flowcharting(c) both a and b(d) neither a nor b
Which of the following is used to test the functioning of computer programs?(a) test data(b) parallel simulation(c) both a and b(d) neither a nor b
Which of the following is used to select data for audit analysis?(a) generalized audit software(b) embedded audit routines(c) both a and b(d) neither a nor b
Which of the following would most likely be implemented with generalized audit software?(a) embedded audit routines(b) parallel simulation(c) both a and b(d) neither a nor b
Mapping is a technology that provides the auditor ( ______________ ).(a) assurance that program instructions are executing in proper sequence(b) summary information regarding which program
Normally, an audit of the computer service center is undertaken ( ___________ ).(a) during(b) before(c) after(d) instead of
What is meant by the expression "auditing around the computer"?
What are the two meanings of the term information systems auditing?
List and briefly describe the three phases of an information systems audit.
What is a computer audit program?
What types of documents are examined in an information systems audit?
List five embedded audit routine techniques.
Compliance testing tests what?
How have personal computers affected information systems auditing?
Identify the characteristics that are common to a typical information systems audit.
How would you select areas that should be audited in an information systems system
Why do computer service center audits require the greatest expertise of an information systems auditor?
Auditors' initial response to computer systems was to audit around the computer. This strategy is least likely to be successful in an audit of(a) a batch processing system for payroll.(b) a
Normally, auditors using the ITF technique enter immaterial transactions to minimize the effect on output. This is a disadvantage because(a) certain limit tests cannot be attempted.(b) the
An auditor's objective is to verify the processing accuracy of an application. An EDP audit approach for achieving this objective that avoids contaminating client master files or requiring

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