Exam 2: Accountants As Business Analysts

Which of the following best describes a business model? A. A simple, abstract representation of a business process or processes. B. A sequence of business activities. C. An evaluation of potential business process improvements. D. None of the above.

When creating a BPMN activity model, which of the following is most accurate? E. Modeling is an artistic endeavor; therefore different modelers given the same set of facts about a business process will likely develop very different models of the process. F. The resulting BPMN activity model should closely match the structure of the subsequent database. G. All activity models should include gateways. H. Different modelers given the same set of facts about a busines process should develop similar models of the process.

Which of the following BPMN shapes represents a data store?

Which of the following is not a Stewardship and Reporting role of the Accounting/Finance Function in Business? A. Human Resource management B. Regulatory compliance C. Tax returns D. Statutory reporting

In Business Process Modeling Notation (BPMN), activities are named with a short verb phrase placed within the rectangle.

Which of the following BPMN shapes represents a Parallel Gateway?

Which of the following best describes how business models help companies manage complexity? A. Because business models can't exceed one page, managers can understand how the business works at a glance. B. Although business models are a simplification of the actual processes they represent, they incorporate the processes' essential elements. C. Business models' limitations force managers to simplify the company's actual processes. D. Business models must display every detailed task and activity, which allows managers to visualize the complexity inherent in its business processes.

A business model is typically a graphical depiction of the essential business process information.

In order to perform their required roles and be valuable business partners, accountants must understand all of the following except: E. How the business identifies and designs its products and services F. How the business collects data, summarizes it, and communicates business information G. How the business delivers value, interacts with other businesses, and is a good corporate citizen H. What risks the business faces, and how internal controls can mitigate those risks

Which of the following best describes the purpose of swimlanes (or lanes)? A. Depict different organizations involved in a process. B. Depict different departments of the same organization in a process. C. Depict interactions between organizations in a process. D. Depict the sequence of tasks in a process.

Which of the following BPMN shapes represents an Error Event?

Process documentation does not include which of the following? A. Process models B. Business rules C. User manuals D. External audit workpapers

Models should be simpler than the processes and systems they depict.

Swimlanes (or lanes) identify participants, e.g., functions or departments, in a process.

Which of the following symbols depicts an intermediate event? A. An arrow B. A circle with a double line perimeter C. A rectangle D. A circle with a wide single line perimeter

Opportunity flowcharts identify opportunities for process improvement by separating value-added from non-value-added activities.

Business Process Modeling Notation (BPMN) activity diagrams depict activities as circles.

Business models provide value in all of the following areas except which one? A. Employee performance appraisal B. Managing complexity C. Specifying systems requirements D. Eliciting requirements for new systems

Documentation can be thought of as a tool for information transmission and communication.

Which of the following is not a purpose of documentation? A. Training B. Determining staffing C. Describing current processes D. Establishing accountability