Question 1

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 2

Resource use is one characteristic used to distinguish between batch and real-time systems.Explain.

Accepted Answer

Batch processing typically requires the

Question 3

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

Accepted Answer

The two subsystems of the revenue cycle

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

An XBRL taxonomy:

Accepted Answer

A)  is the document format used to produce web pages. 
B)  is the final product (report). 
C)  is a classification scheme. 
D)  is a tag stored in each database record. 
E)  none of the above is true. 
A)  is the document format used to produce web pages. 
B)  is the final product (report). 
C)  is a classification scheme. 
D)  is a tag stored in each database record. 
E)  none of the above is true.

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

The journal voucher is the document that authorizes entries to be made to the general ledger.

Accepted Answer

A) True 
 B)False

Question 8

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 9

In one sentence,what does updating a master file record involve?

Accepted Answer

Updating a master file record

Question 10

With regard to an entity relationship diagram,what is an entity?

Accepted Answer

Entities are physical resources (automob

Question 11

Provide a specific example of a general ledger account and a corresponding subsidiary ledger.

Accepted Answer

accounts receivable control account and

Question 12

In contrast to a batch processing system,in a real-time system

Accepted Answer

A)  a lag occurs between the time of the economic event and when the transaction is recorded 
B)  relatively fewer hardware, programming, and training resources are required 
C)  a lesser resource commitment per unit of output is required 
D)  processing takes place when the economic event occurs. 
A)  a lag occurs between the time of the economic event and when the transaction is recorded 
B)  relatively fewer hardware, programming, and training resources are required 
C)  a lesser resource commitment per unit of output is required 
D)  processing takes place when the economic event occurs.

Question 13

Which type of graphical documentation represents systems at different levels of detail?

Accepted Answer

A)  data flow diagram 
B)  document flowchart 
C)  system flowchart 
D)  program flowchart 
A)  data flow diagram 
B)  document flowchart 
C)  system flowchart 
D)  program flowchart

Question 14

Program flowcharts depict the type of media being used (paper,magnetic tape,or disks)and terminals.

Accepted Answer

A) True 
 B)False

Question 15

System flowcharts are often used to depict processes that are handled in batches.

Accepted Answer

A) True 
 B)False

Question 16

The most common means of making entries in the general ledger is via the journal voucher.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

The most important purpose of a turnaround document is to

Accepted Answer

A)  serve as a source document 
B)  inform a customer of the outstanding amount payable 
C)  provide an audit trail for the external auditor 
D)  inform the bank of electronic funds deposits 
A)  serve as a source document 
B)  inform a customer of the outstanding amount payable 
C)  provide an audit trail for the external auditor 
D)  inform the bank of electronic funds deposits

Question 19

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 20

Batch processing systems can store data on direct access storage devices.

Accepted Answer

A) True 
 B)False

The most important advantage of sequential coding is that

Resource use is one characteristic used to distinguish between batch and real-time systems.Explain.

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

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

An XBRL taxonomy:

Operational inefficiencies occur because

The journal voucher is the document that authorizes entries to be made to the general ledger.

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

In one sentence,what does updating a master file record involve?

With regard to an entity relationship diagram,what is an entity?

Provide a specific example of a general ledger account and a corresponding subsidiary ledger.

In contrast to a batch processing system,in a real-time system

Which type of graphical documentation represents systems at different levels of detail?

Program flowcharts depict the type of media being used (paper,magnetic tape,or disks)and terminals.

System flowcharts are often used to depict processes that are handled in batches.

The most common means of making entries in the general ledger is via the journal voucher.

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

The most important purpose of a turnaround document is to

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

Batch processing systems can store data on direct access storage devices.

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

The most important advantage of sequential coding is that

Resource use is one characteristic used to distinguish between batch and real-time systems.Explain.

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

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

An XBRL taxonomy:

Operational inefficiencies occur because

The journal voucher is the document that authorizes entries to be made to the general ledger.

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

In one sentence,what does updating a master file record involve?

With regard to an entity relationship diagram,what is an entity?

Provide a specific example of a general ledger account and a corresponding subsidiary ledger.

In contrast to a batch processing system,in a real-time system

Which type of graphical documentation represents systems at different levels of detail?

Program flowcharts depict the type of media being used (paper,magnetic tape,or disks)and terminals.

System flowcharts are often used to depict processes that are handled in batches.

The most common means of making entries in the general ledger is via the journal voucher.

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

The most important purpose of a turnaround document is to

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

Batch processing systems can store data on direct access storage devices.

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