Question 1

Which of the following is not a business resource?

Accepted Answer

A)  raw material 
B)  labor 
C)  information 
D)  all are business resources 
A)  raw material 
B)  labor 
C)  information 
D)  all are business resources

Question 2

Name and explain the purpose of the three major subsystems of the AIS:

Accepted Answer

The answer of Name and explain the purpose of the...

Question 3

Sarbanes-Oxley legislation requires that management designs and implements controls over the entire financial reporting process.What systems does this include?

Accepted Answer

This includes the financial re

Question 4

Data processing does not involve

Accepted Answer

A)  data control 
B)  computer operations 
C)  system maintenance 
D)  data conversion 
A)  data control 
B)  computer operations 
C)  system maintenance 
D)  data conversion

Question 5

The author distinguishes between the Accounting Information System and the management Information System based on

Accepted Answer

A)  whether the transactions are financial or nonfinancial 
B)  whether discretionary or nondiscretionary reports are prepared 
C)  the end users of the reports 
D)  the organizational structure of the business 
A)  whether the transactions are financial or nonfinancial 
B)  whether discretionary or nondiscretionary reports are prepared 
C)  the end users of the reports 
D)  the organizational structure of the business

Question 6

When preparing discretionary reports,organizations can choose what information to report and how to present it.

Accepted Answer

A) True 
 B)False

Question 7

Information Technology (IT)audits can be performed by both internal and external auditors.

Accepted Answer

A) True 
 B)False

Question 8

Why do auditors need to understand the organizational structure of the business?

Accepted Answer

The structure of an organization reflect

Question 9

How has SOX legislation impacted the consulting practices of public accounting firms?

Accepted Answer

Prior to SOX,a gray area of overlap exis

Question 10

Disadvantages of distributed data processing include all of the following except

Accepted Answer

A)  mismanagement of organization-wide resources 
B)  hardware and software incompatibility 
C)  cost reductions 
D)  difficulty in hiring qualified IT professionals 
A)  mismanagement of organization-wide resources 
B)  hardware and software incompatibility 
C)  cost reductions 
D)  difficulty in hiring qualified IT professionals

Question 11

Distinguish between the accounting information system and the management information system.

Accepted Answer

The AIS processes financial (e.g.,cash r

Question 12

Legacy systems were eliminated in the effort to make systems Y2K compliant.

Accepted Answer

A) True 
 B)False

Question 13

The Management Reporting System provides the internal financial information needed to manage a business.

Accepted Answer

A) True 
 B)False

Question 14

The REA model identifies an organization's ____________________,____________________,and ____________________.

Accepted Answer

resources,

Question 15

What is discretionary reporting?

Accepted Answer

Reports used by management tha

Question 16

Retrieval is the task of permanently removing obsolete or redundant records from the database.

Accepted Answer

A) True 
 B)False

Question 17

Which level of management is responsible for short-term planning and coordination of activities necessary to accomplish organizational objectives?

Accepted Answer

A)  operations management 
B)  middle management 
C)  top management 
D)  line management 
A)  operations management 
B)  middle management 
C)  top management 
D)  line management

Question 18

Which individuals may be involved in the Systems Development Life Cycle?

Accepted Answer

A)  accountants 
B)  systems professionals 
C)  end users 
D)  all of the above 
A)  accountants 
B)  systems professionals 
C)  end users 
D)  all of the above

Question 19

A backbone system is completely finished,tested,and ready for implementation.

Accepted Answer

A) True 
 B)False

Question 20

An appraisal function housed within the organization that performs a wide range of services for management is

Accepted Answer

A)  internal auditing 
B)  data control group 
C)  external auditing 
D)  database administration 
A)  internal auditing 
B)  data control group 
C)  external auditing 
D)  database administration

Which of the following is not a business resource?

Name and explain the purpose of the three major subsystems of the AIS:

Sarbanes-Oxley legislation requires that management designs and implements controls over the entire financial reporting process.What systems does this include?

Data processing does not involve

The author distinguishes between the Accounting Information System and the management Information System based on

When preparing discretionary reports,organizations can choose what information to report and how to present it.

Information Technology (IT)audits can be performed by both internal and external auditors.

Why do auditors need to understand the organizational structure of the business?

How has SOX legislation impacted the consulting practices of public accounting firms?

Disadvantages of distributed data processing include all of the following except

Distinguish between the accounting information system and the management information system.

Legacy systems were eliminated in the effort to make systems Y2K compliant.

The Management Reporting System provides the internal financial information needed to manage a business.

The REA model identifies an organization's ,,and .

What is discretionary reporting?

Retrieval is the task of permanently removing obsolete or redundant records from the database.

Which level of management is responsible for short-term planning and coordination of activities necessary to accomplish organizational objectives?

Which individuals may be involved in the Systems Development Life Cycle?

A backbone system is completely finished,tested,and ready for implementation.

An appraisal function housed within the organization that performs a wide range of services for management is

Introduction to Transaction Processing

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

General Ledger, 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 : Sarbanes-Oxley and IT Governance

IT Controls : Security and Access

IT Controls : Systems Development Program Changes and Application Controls

Filters

Exam 1: The Information System: An Accountant’s Perspective

Which of the following is not a business resource?

Name and explain the purpose of the three major subsystems of the AIS:

Sarbanes-Oxley legislation requires that management designs and implements controls over the entire financial reporting process.What systems does this include?

Data processing does not involve

The author distinguishes between the Accounting Information System and the management Information System based on

When preparing discretionary reports,organizations can choose what information to report and how to present it.

Information Technology (IT)audits can be performed by both internal and external auditors.

Why do auditors need to understand the organizational structure of the business?

How has SOX legislation impacted the consulting practices of public accounting firms?

Disadvantages of distributed data processing include all of the following except

Distinguish between the accounting information system and the management information system.

Legacy systems were eliminated in the effort to make systems Y2K compliant.

The Management Reporting System provides the internal financial information needed to manage a business.

The REA model identifies an organization's ____________________,____________________,and ____________________.

What is discretionary reporting?

Retrieval is the task of permanently removing obsolete or redundant records from the database.

Which level of management is responsible for short-term planning and coordination of activities necessary to accomplish organizational objectives?

Which individuals may be involved in the Systems Development Life Cycle?

A backbone system is completely finished,tested,and ready for implementation.

An appraisal function housed within the organization that performs a wide range of services for management is

Introduction to Transaction Processing

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

General Ledger, 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 : Sarbanes-Oxley and IT Governance

IT Controls : Security and Access

IT Controls : Systems Development Program Changes and Application Controls

Filters

The REA model identifies an organization's ,,and .