Question 1

Which of the following is NOT considered an information asset?

Accepted Answer

A) Shadow data systems 
B) Business intelligence applications 
C) Electronic records 
D) None of the above 
A) Shadow data systems 
B) Business intelligence applications 
C) Electronic records 
D) None of the above

Question 2

Business Intelligence tools use queries to extract data directly from the relational database, bypassing the OLAP cube and any accompanying delay.

Accepted Answer

A) True 
 B)False

Question 3

What is the purpose of an onscreen entry form?

Accepted Answer

A) Onscreen entry forms allow you to perform data Analysis that is cumbersome in a relational database. 
B) Onscreen entry forms provide predictive modeling to gain insights from data to improve business decisions. 
C) Onscreen entry forms provide a familiar interface for entering information into a database. 
D) Onscreen entry forms help ensure information is entered only once in the database. 
A) Onscreen entry forms allow you to perform data Analysis that is cumbersome in a relational database. 
B) Onscreen entry forms provide predictive modeling to gain insights from data to improve business decisions. 
C) Onscreen entry forms provide a familiar interface for entering information into a database. 
D) Onscreen entry forms help ensure information is entered only once in the database.

Question 4

An IT audit includes auditing the System Development Life Cycle (SDLC).

Accepted Answer

A) True 
 B)False

Question 5

A Supply Chain Management (SCM)system is a subsystem of an Accounting System.

Accepted Answer

A) True 
 B)False

Question 6

Which act requires publicly traded companies to assess the effectiveness of their internal controls and have an independent CPA firm audit this assessment?

Accepted Answer

A) Sarbanes-Oxley Act of 2002 
B) The GAAP Act of 1932 
C) Wheat Commission 
D) Security Exchange Commission Act of 1934 
A) Sarbanes-Oxley Act of 2002 
B) The GAAP Act of 1932 
C) Wheat Commission 
D) Security Exchange Commission Act of 1934

Question 7

List the transaction cycles. What type of transactions are in each cycle?

Accepted Answer

- Purchasing cycle or Vendor cycle-This

Question 8

An accounting system spans which of the following Value Chain components?

Accepted Answer

A) Support 
B) Purchase 
C) Customers 
D) All the above except C 
A) Support 
B) Purchase 
C) Customers 
D) All the above except C

Question 9

What is the purpose of Business Intelligence Technologies?

Accepted Answer

A) Shadow the accounting system 
B) Safeguard information 
C) Extract data from databases 
D) Find consumer patterns and insights 
A) Shadow the accounting system 
B) Safeguard information 
C) Extract data from databases 
D) Find consumer patterns and insights

Question 10

When data is "hard keyed" into the program, which of the following is true?

Accepted Answer

A) Changing the data requires recreating (recording)the entire program. 
B) Changing the data requires purchasing additional computer storage and may take days or weeks. 
C) Changing the data is cost efficient and may be accomplished in a matter of minutes. 
D) Changing the data is costly and may take days or weeks. 
A) Changing the data requires recreating (recording)the entire program. 
B) Changing the data requires purchasing additional computer storage and may take days or weeks. 
C) Changing the data is cost efficient and may be accomplished in a matter of minutes. 
D) Changing the data is costly and may take days or weeks.

Question 11

Identify the six modules in the baseline accounting system. Which transaction cycle is associated with each module? What type of transactions are associated with each module?

Accepted Answer

- Vendor module - consists of transactio

Question 12

What types of data does a Supply Chain Management system and an accounting system need to share? How does each system use that data?

Accepted Answer

A Supply Chain Management system and an

Question 13

What are the three vital functions an accounting system servers? Please define each.

Accepted Answer

1. Storage of accounting transactions an

Question 14

What is the difference between data, information, and business intelligence?

Accepted Answer

Data is an individual piece of a larger

Question 15

The Customer Module of a baseline accounting system includes creating purchase orders.

Accepted Answer

A) True 
 B)False

Question 16

What is the purpose of a primary key? What would happen if a relational database was designed without any primary keys?

Accepted Answer

The purpose of a primary key is to provi

Question 17

What are the advantages and disadvantages of using a shadow data system?

Accepted Answer

Advantages
- Easier to perform analysis

Question 18

What is data mining?

Accepted Answer

A) A type of OLAP cube 
B) A method for safeguarding information asset 
C) A business intelligence tool 
D) All the above except C 
A) A type of OLAP cube 
B) A method for safeguarding information asset 
C) A business intelligence tool 
D) All the above except C

Question 19

Which symbol is used by IT professionals to represent the enterprise network?

Accepted Answer

A) Cloud 
B) Star 
C) Circle 
D) Square 
A) Cloud 
B) Star 
C) Circle 
D) Square

Question 20

Which field below would NOT be stored in an order table?

Accepted Answer

A) Customer ID 
B) Vendor ID 
C) Order ID 
D) ItemID 
A) Customer ID 
B) Vendor ID 
C) Order ID 
D) ItemID

Which of the following is NOT considered an information asset?

Business Intelligence tools use queries to extract data directly from the relational database, bypassing the OLAP cube and any accompanying delay.

What is the purpose of an onscreen entry form?

An IT audit includes auditing the System Development Life Cycle (SDLC).

A Supply Chain Management (SCM)system is a subsystem of an Accounting System.

Which act requires publicly traded companies to assess the effectiveness of their internal controls and have an independent CPA firm audit this assessment?

List the transaction cycles. What type of transactions are in each cycle?

An accounting system spans which of the following Value Chain components?

What is the purpose of Business Intelligence Technologies?

When data is "hard keyed" into the program, which of the following is true?

Identify the six modules in the baseline accounting system. Which transaction cycle is associated with each module? What type of transactions are associated with each module?

What types of data does a Supply Chain Management system and an accounting system need to share? How does each system use that data?

What are the three vital functions an accounting system servers? Please define each.

What is the difference between data, information, and business intelligence?

The Customer Module of a baseline accounting system includes creating purchase orders.

What is the purpose of a primary key? What would happen if a relational database was designed without any primary keys?

What are the advantages and disadvantages of using a shadow data system?

What is data mining?

Which symbol is used by IT professionals to represent the enterprise network?

Which field below would NOT be stored in an order table?

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 of the following is NOT considered an information asset?

Business Intelligence tools use queries to extract data directly from the relational database, bypassing the OLAP cube and any accompanying delay.

What is the purpose of an onscreen entry form?

An IT audit includes auditing the System Development Life Cycle (SDLC).

A Supply Chain Management (SCM)system is a subsystem of an Accounting System.

Which act requires publicly traded companies to assess the effectiveness of their internal controls and have an independent CPA firm audit this assessment?

List the transaction cycles. What type of transactions are in each cycle?

An accounting system spans which of the following Value Chain components?

What is the purpose of Business Intelligence Technologies?

When data is "hard keyed" into the program, which of the following is true?

Identify the six modules in the baseline accounting system. Which transaction cycle is associated with each module? What type of transactions are associated with each module?

What types of data does a Supply Chain Management system and an accounting system need to share? How does each system use that data?

What are the three vital functions an accounting system servers? Please define each.

What is the difference between data, information, and business intelligence?

The Customer Module of a baseline accounting system includes creating purchase orders.

What is the purpose of a primary key? What would happen if a relational database was designed without any primary keys?

What are the advantages and disadvantages of using a shadow data system?

What is data mining?

Which symbol is used by IT professionals to represent the enterprise network?

Which field below would NOT be stored in an order table?

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