Question 1

Which documentation technique depicts data relationship in databases?

Accepted Answer

Entity rel

Question 2

When a firm wants its coding system to convey meaning without reference to any other document, it would choose

Accepted Answer

A)  an alphabetic code 
B)  a mnemonic code 
C)  a group code 
D)  a block code 
A)  an alphabetic code 
B)  a mnemonic code 
C)  a group code 
D)  a block code

Question 3

Is a flowchart an effective documentation technique for identifying who or what performs a particular task? Explain.

Accepted Answer

Yes. A flowchart depicts the p

Question 4

Why might an auditor use a program flowchart?

Accepted Answer

When testing an application pr

Question 5

Sequential storage means

Accepted Answer

A)  data is stored on tape 
B)  access is achieved through an index 
C)  access is direct 
D)  reading record 100 requires first reading records 1 to 99 
A)  data is stored on tape 
B)  access is achieved through an index 
C)  access is direct 
D)  reading record 100 requires first reading records 1 to 99

Question 6

The coding scheme most appropriate for a chart of accounts is

Accepted Answer

A)  sequential code 
B)  block code 
C)  group code 
D)  mnemonic code 
A)  sequential code 
B)  block code 
C)  group code 
D)  mnemonic code

Question 7

What are the subsystems of the revenue cycle?

Accepted Answer

sales orde

Question 8

A control account is a general ledger account which is supported by a subsidiary ledger.

Accepted Answer

A) True 
 B)False

Question 9

Which statement is not true?

Accepted Answer

A)  The journal voucher is the only source of input into the general ledger. 
B)  A journal voucher can be used to represent summaries of similar transactions or a single unique transaction. 
C)  Journal vouchers are not used to make adjusting entries and closing entries in the general ledger. 
D)  Journal vouchers offer a degree of control against unauthorized general ledger entries. 
A)  The journal voucher is the only source of input into the general ledger. 
B)  A journal voucher can be used to represent summaries of similar transactions or a single unique transaction. 
C)  Journal vouchers are not used to make adjusting entries and closing entries in the general ledger. 
D)  Journal vouchers offer a degree of control against unauthorized general ledger entries.

Question 10

Which accounting application is least suited to batch processing?

Accepted Answer

A)  general ledger 
B)  vendor payments 
C)  sales order processing 
D)  payroll 
A)  general ledger 
B)  vendor payments 
C)  sales order processing 
D)  payroll

Question 11

Which symbol represents accounting records?

Accepted Answer

A)    
B)    
C)    
D) 
  
A)    
B)    
C)    
D)

Question 12

Operational inefficiencies occur because accounts common to many concurrent transactions need to be updated in real time.

Accepted Answer

A) True 
 B)False

Question 13

The most important advantage of sequential coding is that

Accepted Answer

A)  missing or unrecorded documents can be identified 
B)  the code itself lacks informational content 
C)  items cannot be inserted 
D)  deletions affect the sequence 
A)  missing or unrecorded documents can be identified 
B)  the code itself lacks informational content 
C)  items cannot be inserted 
D)  deletions affect the sequence

Question 14

Which symbol represents a document?

Accepted Answer

A)    
B)    
C)    
D) 
  
A)    
B)    
C)    
D)

Question 15

Individuals with access authority to general ledger accounts should not prepare journal vouchers.

Accepted Answer

A) True 
 B)False

Question 16

How are computer system flowcharts and program flowcharts related?

Accepted Answer

The system flowchart shows the relations

Question 17

Which method of processing does not use the destructive update approach?

Accepted Answer

A)  batch processing using direct access files 
B)  real-time processing 
C)  batch processing using sequential files 
D)  all of the above use the destructive update approach 
A)  batch processing using direct access files 
B)  real-time processing 
C)  batch processing using sequential files 
D)  all of the above use the destructive update approach

Question 18

Which system is not part of the expenditure cycle?

Accepted Answer

A)  cash disbursements 
B)  payroll 
C)  production planning/control 
D)  purchases/accounts payable 
A)  cash disbursements 
B)  payroll 
C)  production planning/control 
D)  purchases/accounts payable

Question 19

All of the following can provide evidence of an economic event except

Accepted Answer

A)  source document 
B)  turn-around document 
C)  master document 
D)  product document 
A)  source document 
B)  turn-around document 
C)  master document 
D)  product document

Question 20

Give a specific example of a turn-around document.

Accepted Answer

credit card, electri

Which documentation technique depicts data relationship in databases?

When a firm wants its coding system to convey meaning without reference to any other document, it would choose

Is a flowchart an effective documentation technique for identifying who or what performs a particular task? Explain.

Why might an auditor use a program flowchart?

Sequential storage means

The coding scheme most appropriate for a chart of accounts is

What are the subsystems of the revenue cycle?

A control account is a general ledger account which is supported by a subsidiary ledger.

Which statement is not true?

Which accounting application is least suited to batch processing?

Which symbol represents accounting records?

Operational inefficiencies occur because accounts common to many concurrent transactions need to be updated in real time.

The most important advantage of sequential coding is that

Which symbol represents a document?

Individuals with access authority to general ledger accounts should not prepare journal vouchers.

How are computer system flowcharts and program flowcharts related?

Which method of processing does not use the destructive update approach?

Which system is not part of the expenditure cycle?

All of the following can provide evidence of an economic event except

Give a specific example of a turn-around document.

Auditing and Internal Control

Auditing IT Governance Controls

Auditing Operating Systems and Networks

Auditing Database Systems

Systems Development and Program Change Activities

Computer Assisted Audit Tools and Techniques

Data Structures and Caatts for Data Extraction

Auditing the Revenue Cycle

Auditing the Expenditure Cycle

Enterprise Resource Planning Systems

Business Ethics, Fraud, and Fraud Detection

Filters

Exam 6: Transaction Processing and Financial Reporting Systems Overview

Which documentation technique depicts data relationship in databases?

When a firm wants its coding system to convey meaning without reference to any other document, it would choose

Is a flowchart an effective documentation technique for identifying who or what performs a particular task? Explain.

Why might an auditor use a program flowchart?

Sequential storage means

The coding scheme most appropriate for a chart of accounts is

What are the subsystems of the revenue cycle?

A control account is a general ledger account which is supported by a subsidiary ledger.

Which statement is not true?

Which accounting application is least suited to batch processing?

Which symbol represents accounting records?

Operational inefficiencies occur because accounts common to many concurrent transactions need to be updated in real time.

The most important advantage of sequential coding is that

Which symbol represents a document?

Individuals with access authority to general ledger accounts should not prepare journal vouchers.

How are computer system flowcharts and program flowcharts related?

Which method of processing does not use the destructive update approach?

Which system is not part of the expenditure cycle?

All of the following can provide evidence of an economic event except

Give a specific example of a turn-around document.

Auditing and Internal Control

Auditing IT Governance Controls

Auditing Operating Systems and Networks

Auditing Database Systems

Systems Development and Program Change Activities

Computer Assisted Audit Tools and Techniques

Data Structures and Caatts for Data Extraction

Auditing the Revenue Cycle

Auditing the Expenditure Cycle

Enterprise Resource Planning Systems

Business Ethics, Fraud, and Fraud Detection

Filters