Question 1

Batch processing of non-critical accounts improves operational efficiency.

Accepted Answer

A) True 
 B)False

Question 2

Data flow diagrams represent the physical system.

Accepted Answer

A) True 
 B)False

Question 3

The order of the entries made in the general journal is by

Accepted Answer

A)  date 
B)  account number 
C)  user 
D)  customer number 
A)  date 
B)  account number 
C)  user 
D)  customer number

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

A common use for sequential coding is

Accepted Answer

A)  creating the chart of accounts 
B)  identifying inventory items 
C)  identifying documents 
D)  identifying fixed assets 
A)  creating the chart of accounts 
B)  identifying inventory items 
C)  identifying documents 
D)  identifying fixed assets

Question 6

Which accounting application is best suited to batch processing?

Accepted Answer

A)  general ledger 
B)  updating inventory reductions to the subsidiary ledger 
C)  sales order processing 
D)  credit checking 
A)  general ledger 
B)  updating inventory reductions to the subsidiary ledger 
C)  sales order processing 
D)  credit checking

Question 7

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 8

What are the three characteristics that are used to distinguish between batch and real-time systems.

Accepted Answer

time frame

Question 9

The process of acquiring raw materials is part of the conversion cycle.

Accepted Answer

A) True 
 B)False

Question 10

If an organization processes large numbers of transactions that use common data records,what type of system would work best (all else being equal)?

Accepted Answer

Large-scale systems that process high vo

Question 11

Real-time processing in systems that handle large volumes of transactions each day can create operational inefficiencies.

Accepted Answer

A) True 
 B)False

Question 12

Mnemonic codes are appropriate for items in either an ascending or descending sequence,such as the numbering of checks or source documents.

Accepted Answer

A) True 
 B)False

Question 13

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 14

System flowcharts represent the input sources,programs,and output products of a computer system.

Accepted Answer

A) True 
 B)False

Question 15

Which symbol represents a magnetic tape (sequential storage device)?

Accepted Answer

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

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

Why do many firms no longer use a general journal? What has taken its place?

Accepted Answer

Many firms have replaced a traditional g

Question 18

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 19

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

Accepted Answer

The general ledger master file is the ma

Question 20

The characteristics that distinguish between batch and real-time systems include all of the following except

Accepted Answer

A)  time frame 
B)  resources used 
C)  file format 
D)  efficiency of processing 
A)  time frame 
B)  resources used 
C)  file format 
D)  efficiency of processing

Batch processing of non-critical accounts improves operational efficiency.

Data flow diagrams represent the physical system.

The order of the entries made in the general journal is by

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

A common use for sequential coding is

Which accounting application is best suited to batch processing?

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

What are the three characteristics that are used to distinguish between batch and real-time systems.

The process of acquiring raw materials is part of the conversion cycle.

If an organization processes large numbers of transactions that use common data records,what type of system would work best (all else being equal)?

Real-time processing in systems that handle large volumes of transactions each day can create operational inefficiencies.

Mnemonic codes are appropriate for items in either an ascending or descending sequence,such as the numbering of checks or source documents.

Which statement is not true/

System flowcharts represent the input sources,programs,and output products of a computer system.

Which symbol represents a magnetic tape (sequential storage device)?

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

Why do many firms no longer use a general journal? What has taken its place?

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

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

The characteristics that distinguish between batch and real-time systems include all of the following except

Auditing and Internal Control

Auditing IT Governance Controls

Security Part I: Auditing Operating Systems and Networks

IT Security Part II: 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

Business Ethics, Fraud, and Fraud Detection

Enterprise Resource Planning Systems

Filters

Exam 6: Overview of Transaction Processing and Financial Reporting Systems

Batch processing of non-critical accounts improves operational efficiency.

Data flow diagrams represent the physical system.

The order of the entries made in the general journal is by

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

A common use for sequential coding is

Which accounting application is best suited to batch processing?

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

What are the three characteristics that are used to distinguish between batch and real-time systems.

The process of acquiring raw materials is part of the conversion cycle.

If an organization processes large numbers of transactions that use common data records,what type of system would work best (all else being equal)?

Real-time processing in systems that handle large volumes of transactions each day can create operational inefficiencies.

Mnemonic codes are appropriate for items in either an ascending or descending sequence,such as the numbering of checks or source documents.

Which statement is not true/

System flowcharts represent the input sources,programs,and output products of a computer system.

Which symbol represents a magnetic tape (sequential storage device)?

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

Why do many firms no longer use a general journal? What has taken its place?

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

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

The characteristics that distinguish between batch and real-time systems include all of the following except

Auditing and Internal Control

Auditing IT Governance Controls

Security Part I: Auditing Operating Systems and Networks

IT Security Part II: 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

Business Ethics, Fraud, and Fraud Detection

Enterprise Resource Planning Systems

Filters