Question 1

A balance sheet prepared in conformity with GAAP is an example of discretionary reporting.

Accepted Answer

A) True 
 B)False

Question 2

Which individual is least involved in new systems development?

Accepted Answer

A)  systems analyst 
B)  external auditor 
C)  end user 
D)  data librarian 
A)  systems analyst 
B)  external auditor 
C)  end user 
D)  data librarian

Question 3

Explain the elements of the REA model and give an example of each.

Accepted Answer

Economic resources are the assets of the

Question 4

The major difference between the Financial Reporting System (FRS)and the Management Reporting System (MRS)is the

Accepted Answer

A)  FRS provides information to internal and external users; the MRS provides information to internal users 
B)  FRS provides discretionary information; the MRS provides nondiscretionary information 
C)  FRS reports are prepared using information provided by the General Ledger System; the MRS provides information to the General Ledger System 
D)  FRS reports are prepared in flexible, nonstandardized formats; the MRS reports are prepared in standardized, formal formats 
A)  FRS provides information to internal and external users; the MRS provides information to internal users 
B)  FRS provides discretionary information; the MRS provides nondiscretionary information 
C)  FRS reports are prepared using information provided by the General Ledger System; the MRS provides information to the General Ledger System 
D)  FRS reports are prepared in flexible, nonstandardized formats; the MRS reports are prepared in standardized, formal formats

Question 5

Market research and advertising are part of which business function?

Accepted Answer

A)  materials management 
B)  finance 
C)  marketing 
D)  production 
A)  materials management 
B)  finance 
C)  marketing 
D)  production

Question 6

The __________________________ and __________________________ standards that characterize the AIS clearly distinguish it from the MIS.

Accepted Answer

The answer of The __________________________ and __________________________ standards that characterize...

Question 7

The internal auditor represents the interests of third-party outsiders.

Accepted Answer

A) True 
 B)False

Question 8

Increased control is one of the key advantages of distributed data processing.

Accepted Answer

A) True 
 B)False

Question 9

Attestation services are performed by

Accepted Answer

A)  external auditors 
B)  internal accountants 
C)  internal auditors 
D)  third-party accountants 
A)  external auditors 
B)  internal accountants 
C)  internal auditors 
D)  third-party accountants

Question 10

An example of a nonfinancial transaction is

Accepted Answer

A)  sale of products 
B)  cash disbursement 
C)  log of customer calls 
D)  purchase of inventory 
A)  sale of products 
B)  cash disbursement 
C)  log of customer calls 
D)  purchase of inventory

Question 11

Audits are conducted by ____________________,____________________,and ____________________ auditors.

Accepted Answer

internal,e

Question 12

An example of a financial transaction is

Accepted Answer

A)  the purchase of computer 
B)  a supplier's price list 
C)  a delivery schedule 
D)  an employee benefit brochure 
A)  the purchase of computer 
B)  a supplier's price list 
C)  a delivery schedule 
D)  an employee benefit brochure

Question 13

Which subsystem is not part of the Accounting Information System?

Accepted Answer

A)  Transaction Processing System 
B)  Expert System 
C)  General Ledger/Financial Reporting System 
D)  Management Reporting System 
A)  Transaction Processing System 
B)  Expert System 
C)  General Ledger/Financial Reporting System 
D)  Management Reporting System

Question 14

Accountants play many roles relating to the accounting information system,including all of the following except

Accepted Answer

A)  system users 
B)  system designers 
C)  system auditors 
D)  system converters 
A)  system users 
B)  system designers 
C)  system auditors 
D)  system converters

Question 15

The most basic element of useful data in the database is

Accepted Answer

A)  the record 
B)  the key 
C)  the file 
D)  the attribute 
A)  the record 
B)  the key 
C)  the file 
D)  the attribute

Question 16

The ability to achieve the goals of a system depends upon the effective functioning and harmonious interaction between its subsystems.This is called

Accepted Answer

A)  system decomposition 
B)  system redundancy 
C)  backup system 
D)  subsystem interdependency 
A)  system decomposition 
B)  system redundancy 
C)  backup system 
D)  subsystem interdependency

A balance sheet prepared in conformity with GAAP is an example of discretionary reporting.

Which individual is least involved in new systems development?

Explain the elements of the REA model and give an example of each.

The major difference between the Financial Reporting System (FRS)and the Management Reporting System (MRS)is the

Market research and advertising are part of which business function?

The and standards that characterize the AIS clearly distinguish it from the MIS.

The internal auditor represents the interests of third-party outsiders.

Increased control is one of the key advantages of distributed data processing.

Attestation services are performed by

An example of a nonfinancial transaction is

Audits are conducted by ,,and auditors.

An example of a financial transaction is

Which subsystem is not part of the Accounting Information System?

Accountants play many roles relating to the accounting information system,including all of the following except

The most basic element of useful data in the database is

The ability to achieve the goals of a system depends upon the effective functioning and harmonious interaction between its subsystems.This is called

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

A balance sheet prepared in conformity with GAAP is an example of discretionary reporting.

Which individual is least involved in new systems development?

Explain the elements of the REA model and give an example of each.

The major difference between the Financial Reporting System (FRS)and the Management Reporting System (MRS)is the

Market research and advertising are part of which business function?

The __________________________ and __________________________ standards that characterize the AIS clearly distinguish it from the MIS.

The internal auditor represents the interests of third-party outsiders.

Increased control is one of the key advantages of distributed data processing.

Attestation services are performed by

An example of a nonfinancial transaction is

Audits are conducted by ____________________,____________________,and ____________________ auditors.

An example of a financial transaction is

Which subsystem is not part of the Accounting Information System?

Accountants play many roles relating to the accounting information system,including all of the following except

The most basic element of useful data in the database is

The ability to achieve the goals of a system depends upon the effective functioning and harmonious interaction between its subsystems.This is called

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 and standards that characterize the AIS clearly distinguish it from the MIS.

Audits are conducted by ,,and auditors.