Question 1

What does an entity-relationship diagram represent? Why do accountants need to understand them?

Accepted Answer

Entity relationship diagrams represent t

Question 2

Each account in the chart of accounts has a separate record in the general ledger master file.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is a turn-around document?

Accepted Answer

A)  remittance advice 
B)  sales order 
C)  purchase order 
D)  payroll check 
A)  remittance advice 
B)  sales order 
C)  purchase order 
D)  payroll check

Question 4

In general, a special journal would not be used to record

Accepted Answer

A)  sales 
B)  cash disbursements 
C)  depreciation 
D)  purchases 
A)  sales 
B)  cash disbursements 
C)  depreciation 
D)  purchases

Question 5

The revenue cycle has two subsystems. What are they and what occurs within each?

Accepted Answer

The two subsystems of the revenue cycle

Question 6

Operational inefficiencies occur because

Accepted Answer

A)  accounts both common and unique to many concurrent transactions need to be updated in real time. 
B)  accounts common to many concurrent transactions need to be updated in real time. 
C)  accounts unique to many concurrent transactions need to be updated in real time. 
D)  None of the above are true statements 
A)  accounts both common and unique to many concurrent transactions need to be updated in real time. 
B)  accounts common to many concurrent transactions need to be updated in real time. 
C)  accounts unique to many concurrent transactions need to be updated in real time. 
D)  None of the above are true statements

Question 7

Sequential codes may be used to represent complex items or events involving two or more pieces of related data.

Accepted Answer

A) True 
 B)False

Question 8

Which symbol represents a decision?

Accepted Answer

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

Question 9

Auditors may prepare program flowcharts to verify the correctness of program logic.

Accepted Answer

A) True 
 B)False

Question 10

A journal is used in manual accounting environments. What file is comparable to a journal in a computerized environment?

Accepted Answer

A)  archive file 
B)  reference file 
C)  transaction file 
D)  master file 
A)  archive file 
B)  reference file 
C)  transaction file 
D)  master file

Question 11

System flowcharts

Accepted Answer

A)  depict logical tasks that are being performed, but not who is performing them 
B)  illustrate the relationship between database entities in systems. 
C)  represent relationships between key elements of both manual and computer systems. 
D)  describe the internal logic of computer applications in systems. . 
A)  depict logical tasks that are being performed, but not who is performing them 
B)  illustrate the relationship between database entities in systems. 
C)  represent relationships between key elements of both manual and computer systems. 
D)  describe the internal logic of computer applications in systems. .

Question 12

Documents that are created at the beginning of the transaction are called __________________________.

Accepted Answer

The answer of Documents that are created at the beginning...

Question 13

Real time processing is used for routine transactions in large numbers.

Accepted Answer

A) True 
 B)False

Question 14

The box symbol represents a temporary file.

Accepted Answer

A) True 
 B)False

Question 15

Directing work-in-process through its various stages of manufacturing is part of the conversion cycle.

Accepted Answer

A) True 
 B)False

Question 16

Explain the purpose and contents of the general ledger master file.

Accepted Answer

The general ledger master file is the ma

Question 17

Program flowcharts are used to describe the logic represented in system flowcharts.

Accepted Answer

A) True 
 B)False

Question 18

______________________________________ are the two data processing approaches used in modern systems.

Accepted Answer

Batch proc

What does an entity-relationship diagram represent? Why do accountants need to understand them?

Each account in the chart of accounts has a separate record in the general ledger master file.

Which of the following is a turn-around document?

In general, a special journal would not be used to record

The revenue cycle has two subsystems. What are they and what occurs within each?

Operational inefficiencies occur because

Sequential codes may be used to represent complex items or events involving two or more pieces of related data.

Which symbol represents a decision?

Auditors may prepare program flowcharts to verify the correctness of program logic.

A journal is used in manual accounting environments. What file is comparable to a journal in a computerized environment?

System flowcharts

Documents that are created at the beginning of the transaction are called __________________________.

Real time processing is used for routine transactions in large numbers.

The box symbol represents a temporary file.

Directing work-in-process through its various stages of manufacturing is part of the conversion cycle.

Explain the purpose and contents of the general ledger master file.

Program flowcharts are used to describe the logic represented in system flowcharts.

______________________________________ are the two data processing approaches used in modern systems.

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

What does an entity-relationship diagram represent? Why do accountants need to understand them?

Each account in the chart of accounts has a separate record in the general ledger master file.

Which of the following is a turn-around document?

In general, a special journal would not be used to record

The revenue cycle has two subsystems. What are they and what occurs within each?

Operational inefficiencies occur because

Sequential codes may be used to represent complex items or events involving two or more pieces of related data.

Which symbol represents a decision?

Auditors may prepare program flowcharts to verify the correctness of program logic.

A journal is used in manual accounting environments. What file is comparable to a journal in a computerized environment?

System flowcharts

Documents that are created at the beginning of the transaction are called __________________________.

Real time processing is used for routine transactions in large numbers.

The box symbol represents a temporary file.

Directing work-in-process through its various stages of manufacturing is part of the conversion cycle.

Explain the purpose and contents of the general ledger master file.

Program flowcharts are used to describe the logic represented in system flowcharts.

______________________________________ are the two data processing approaches used in modern systems.

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