Question 1

Which transactions are related to the purchasing cycle?

Accepted Answer

A) Buying items from vendors 
B) Paying employees 
C) Selling items to customers 
D) None of the above 
A) Buying items from vendors 
B) Paying employees 
C) Selling items to customers 
D) None of the above

Question 2

Understanding accounting systems involves seeing the overall system. There is no need to focus on the details.

Accepted Answer

A) True 
 B)False

Question 3

The following fields are common to tables storing customer, vendor, and employee information EXCEPT

Accepted Answer

A) City 
B) Area Code 
C) Cost 
D) State 
A) City 
B) Area Code 
C) Cost 
D) State

Question 4

The Vendors Module of a baseline accounting system relates to the sales cycle.

Accepted Answer

A) True 
 B)False

Question 5

A database form is a

Accepted Answer

A) Database screen for data input 
B) Database queries 
C) Database screen for data output 
D) Database searches 
A) Database screen for data input 
B) Database queries 
C) Database screen for data output 
D) Database searches

Question 6

What is the purpose of a database query?

Accepted Answer

A) To search the database to answer a specific question 
B) To connect related tables 
C) To uniquely identify a record in a database table 
D) To provide a format for viewing data 
A) To search the database to answer a specific question 
B) To connect related tables 
C) To uniquely identify a record in a database table 
D) To provide a format for viewing data

Question 7

An IT auditor must understand the terms and definitions used by accounting and IT professionals.

Accepted Answer

A) True 
 B)False

Question 8

IT ________ is the design or blueprint for an enterprise's information technology.

Accepted Answer

A) Technology 
B) Infrastructures 
C) Network 
D) Architecture 
A) Technology 
B) Infrastructures 
C) Network 
D) Architecture

Question 9

Financial accounting focuses on providing accounting information to internal users, primarily management.

Accepted Answer

A) True 
 B)False

Question 10

To record an inventory order, the information would be entered in a screen that looks similar to which paper form?

Accepted Answer

A) Sales receipt 
B) Check 
C) Invoice 
D) Purchase order 
A) Sales receipt 
B) Check 
C) Invoice 
D) Purchase order

Question 11

Which accounting software is typically used in a mid-sized enterprise?

Accepted Answer

A) Oracle's Peoplesoft Enterprise 
B) SAP Business One 
C) Peachtree 
D) Quickbooks Enterprise 
A) Oracle's Peoplesoft Enterprise 
B) SAP Business One 
C) Peachtree 
D) Quickbooks Enterprise

Question 12

You are an intern at a small mom-and-pop type corner grocery store. The owner's accountant is trying to talk the owners into purchasing an integrated enterprise system for small businesses. The owner thinks the accountant is just trying find a way to charge more money. How would you convince the owner each piece of the integrated enterprise system would help the business?

Accepted Answer

The answer should include the following

Question 13

You are an accountant and one of your clients is a small business that sells only over the Internet. How would you convince the owner to purchase an integrated enterprise system?

Accepted Answer

The answer should include the following

Question 14

A primary key may be used to associate customer information (name, address, phone number, etc.)with a sales order.

Accepted Answer

A) True 
 B)False

Question 15

You are hired by a consulting company to assist in creating an accounting system for a company that sells exclusively online. List the fields needed for the Customer table and the Inventory table. Identify the primary key in each table.

Accepted Answer

Customer table: Customer ID (primary key

Question 16

Accounting software often includes a navigation screen that represents the major modules within the accounting system.

Accepted Answer

A) True 
 B)False

Question 17

What are the six main phases in the System Development Life Cycle. What happens in each phase?

Accepted Answer

Plan the system project including schedu

Question 18

The sales cycle corresponds to which module in the Baseline Accounting System?

Accepted Answer

A) Banking 
B) Vendors 
C) Customers 
D) Employees 
A) Banking 
B) Vendors 
C) Customers 
D) Employees

Question 19

Which transactions are usually performed in the Customers module of the Baseline Accounting System?

Accepted Answer

A) Receive inventory 
B) Create invoice 
C) Create purchase order 
D) Pay bills 
A) Receive inventory 
B) Create invoice 
C) Create purchase order 
D) Pay bills

Question 20

What types of data does an operations/production system and an accounting system need to share? How does each system use that data?

Accepted Answer

An operations/production system and an a

Which transactions are related to the purchasing cycle?

Understanding accounting systems involves seeing the overall system. There is no need to focus on the details.

The following fields are common to tables storing customer, vendor, and employee information EXCEPT

The Vendors Module of a baseline accounting system relates to the sales cycle.

A database form is a

What is the purpose of a database query?

An IT auditor must understand the terms and definitions used by accounting and IT professionals.

IT ________ is the design or blueprint for an enterprise's information technology.

Financial accounting focuses on providing accounting information to internal users, primarily management.

To record an inventory order, the information would be entered in a screen that looks similar to which paper form?

Which accounting software is typically used in a mid-sized enterprise?

You are an accountant and one of your clients is a small business that sells only over the Internet. How would you convince the owner to purchase an integrated enterprise system?

A primary key may be used to associate customer information (name, address, phone number, etc.)with a sales order.

You are hired by a consulting company to assist in creating an accounting system for a company that sells exclusively online. List the fields needed for the Customer table and the Inventory table. Identify the primary key in each table.

Accounting software often includes a navigation screen that represents the major modules within the accounting system.

What are the six main phases in the System Development Life Cycle. What happens in each phase?

The sales cycle corresponds to which module in the Baseline Accounting System?

Which transactions are usually performed in the Customers module of the Baseline Accounting System?

What types of data does an operations/production system and an accounting system need to share? How does each system use that data?

Accounting Databases

Accounting Interface: Database Forms, Queries, and Reports

Accounting Systems and Business Processes

Business Processes: Purchasing, Sales, and Payroll Cycles

Integrated Enterprise Systems and Cloud Computing

Accounting and Business Intelligence

Accounting and Sustainability Intelligence

XBRL: Intelligent Business Reporting

Fraud and Internal Control

Cybersecurity

The Risk Intelligent Enterprise: Enterprise Risk Management

Accounting System Development

Database Design: ERD, REA, and SQL

Filters

Exam 1: Accounting Systems Insights

Which transactions are related to the purchasing cycle?

Understanding accounting systems involves seeing the overall system. There is no need to focus on the details.

The following fields are common to tables storing customer, vendor, and employee information EXCEPT

The Vendors Module of a baseline accounting system relates to the sales cycle.

A database form is a

What is the purpose of a database query?

An IT auditor must understand the terms and definitions used by accounting and IT professionals.

IT ________ is the design or blueprint for an enterprise's information technology.

Financial accounting focuses on providing accounting information to internal users, primarily management.

To record an inventory order, the information would be entered in a screen that looks similar to which paper form?

Which accounting software is typically used in a mid-sized enterprise?

You are an accountant and one of your clients is a small business that sells only over the Internet. How would you convince the owner to purchase an integrated enterprise system?

A primary key may be used to associate customer information (name, address, phone number, etc.)with a sales order.

You are hired by a consulting company to assist in creating an accounting system for a company that sells exclusively online. List the fields needed for the Customer table and the Inventory table. Identify the primary key in each table.

Accounting software often includes a navigation screen that represents the major modules within the accounting system.

What are the six main phases in the System Development Life Cycle. What happens in each phase?

The sales cycle corresponds to which module in the Baseline Accounting System?

Which transactions are usually performed in the Customers module of the Baseline Accounting System?

What types of data does an operations/production system and an accounting system need to share? How does each system use that data?

Accounting Databases

Accounting Interface: Database Forms, Queries, and Reports

Accounting Systems and Business Processes

Business Processes: Purchasing, Sales, and Payroll Cycles

Integrated Enterprise Systems and Cloud Computing

Accounting and Business Intelligence

Accounting and Sustainability Intelligence

XBRL: Intelligent Business Reporting

Fraud and Internal Control

Cybersecurity

The Risk Intelligent Enterprise: Enterprise Risk Management

Accounting System Development

Database Design: ERD, REA, and SQL

Filters