1. Which of the decisions below is not ordinary found as part of the revenue cycle ?

1. What Credit terms should be offered ?
2. How often should accounts receivable be subjected to audit ?
3. How can customer payments be processed to maximize cash flow?
4. What are the optimal prices for each product or service ?

1. Consider the following revenue Cycle scenario: The company has been exposed to customer dissatisfaction and the suggested control procedure to be implemented is to install and use bar-code scanner. Threat ?
2. The company may be shipping the wrong merchandise
3. The company may be shipping the wrong quantities of merchandise
4. The company may be shipping orders to the wrong address
5. All the threats may apply to this scenario

1. which of the following duties could be performed by the same individual and not violate segregation of duty controls ?
2. handling cash and posting to customer accounts
3. issuing credit memos and maintaining customer accounts
4. handling cash and authorizing credit memos
5. handling cash receipts and mailing vendor payments

1. Which of the following is not a general threat to the revenue cycle ?
2. Inaccurate master date
3. Loss of customers
4. Poor performance
5. Unauthorised disclosure of sensitive information

1. Which of the following controls can minimize the threat of theft of cash ?
2. Separation of billing and shipping functions
3. Use of cash registers
4. Bar-code and RFID technology
5. Restriction of access to master data

1. To accomplish the objectives set forth in the expenditure cycle. A number of key management decisions must be addressed. Which of the decisions below is not ordinarily found as part of the expenditure
2. How can cash payments to vendors be managed to maximize cash flow ?
3. What is the optimal level of inventory and supplies carry on hand ?
4. Where should inventory and supplies be held ?
5. What are the optimal prices for each product or service ?

1. Requiring all packing slips be reconciled to purchase order before accepting a delivery of inventory would be most likely to prevent which of the following situations?
2. A supplier delivers more inventory than ordered at the end of the year and sends an invoice for the total quantity delivered.
3. An employee mails a fake invoice to the company, which is then paid.
4. The inventory records are incorrectly updated when a receiving department employee enters the wrong product number on the receiving report.
5. Receiving department employees steal inventory and then claim the inventory was received and delivered to the ware house.

8) The Gwaliter Reece Chihuahua sweater Co. (GRCCO). Was established in 2013. It recently signed a contract with pet co pet stores. GRCCO will be required to track andforecast sweater sales. The tech used for communication between GRCCO and Petco is.

A. Electronic data interchange

B. Vendor - managed inventory

C. Sales for automation

D. Optical character recognition

9. Which of the following threats is not specific to the purchase requisition process of the expenditure cycle ?

A. Stockouts

B. Purchasing from unauthorised vendors

C. Requisitioning goods not needed

D. All of the above are threats in the purchase requisition process

10. The traditional approach to inventory management to ensure sufficient quantity on hand to maintain production is knows as.

A. Safety stock

B. Just-in- time production

C. Economic order quantity

D. Optimal inventory Quantity

11. A data flow diagram is a graphical description of the

A. Source and destination of data that shows how data flow within an organisation

B. Flow of documents and information between departments or areas of responsibility

C. Relationship among the input, processing, and output in an information system

D. Sequence of logical operations that a computer performance as it executes a programme.

12. Premier life company is a life insurance company that collects, stores, prepares and provides customised life insurance policies to customers in the Midwest. When a customer's information is received, it is data base and a ticket is provided to the policy underwriter. When the life insurance policy is issued, the database is updated so that it always reflects the correct amount of life insurance coverage and the length policy available to the customers. In data flow diagram, which type of symbol would be used to represent policy underwriters ?

A. A rectangle ( A box )

B. A circle (A bubble )

C. A curve line with an arrow on one end

D. A pair of horizontal parallel lines

13. Data flow diagrams despict

A. A processes, but not who is performing the process.

B. A process, but not the data that flows between process

C. Who is performing processes, but not how they perform the process.

D. Who is performing processes, but not the data that flows between processes.

14. Which documentation technique would not despict the type of storage medium used ( such as flash drive or hard drive) to physically store data ?

A. System flow chart

B. Data flow diagram

C. Business process diagram

D. Internal control flowchart

15. Which is true statement regarding the use of the manual processing symbol in a flowchart ?

A. If a document is moved from one column to another, show the document only in the last column

B. Each manual processing symbol should have an input and an output

C. Do not connect two documents when moving from one column to another.

D. Use a manual processing symbol to indicate a document being field.

16. In Which phase of the SDLC is a need identified that a new system would address ?

A. Design

B. Analyse

C. Build

D. Plan

17. Which of the following activities are performed in the deploy phase of the SDLC ?

A. Budget preparation

B. Patch installation

C. Final fine turning of the system

D. Creation of business model

18. Which phase of the SDLC involves users entering data into the new system ?

A. Design

B. Deploy

C. Install

D. Build

19. The Prototyping methodology

A. Completes a phase before starting the next phase.

B. Creates a sample that is provided to the end users for feedback

C. Always starts with baseline system.

D. Another name for spiral methodology.

20. The ABC methodology

A. Completes a phase before starting the next phase

B. Creates a sample that is provided to the end users for feedback

C. Always starts with a baseline system

D. Is another name for spiral methodology