Question 1

Describe the role of the journal voucher in both batch and real-time GL systems.

Accepted Answer

In batch GL systems,transaction processi

Question 2

The level of management that makes tactical planning decisions is

Accepted Answer

A)  top management 
B)  middle management 
C)  operations management 
D)  front-line management 
A)  top management 
B)  middle management 
C)  operations management 
D)  front-line management

Question 3

Which of the following budgeting processes is least likely to motivate managers toward organizational goals?

Accepted Answer

A)  setting budget targets at attainable levels 
B)  participation by subordinates in the budgetary process 
C)  use of management by exception 
D)  holding subordinates accountable for the items they control 
E)  having top management set budget levels 
A)  setting budget targets at attainable levels 
B)  participation by subordinates in the budgetary process 
C)  use of management by exception 
D)  holding subordinates accountable for the items they control 
E)  having top management set budget levels

Question 4

A firm with a wide span of control tends to have relatively more layers of management.

Accepted Answer

A) True 
 B)False

Question 5

All of the following are elements of operational control decisions except

Accepted Answer

A)  determining the scope of the activity 
B)  setting operating standards 
C)  evaluating performance 
D)  taking corrective action when necessary 
A)  determining the scope of the activity 
B)  setting operating standards 
C)  evaluating performance 
D)  taking corrective action when necessary

Question 6

Primary recipients of financial statement information are internal management.

Accepted Answer

A) True 
 B)False

Question 7

There are two basic types of management reports-programmed and ad hoc.Describe each and give examples.

Accepted Answer

Programmed reports provide information t

Question 8

What is the implication for the Management Reporting System of an organization that implements the formalization of tasks principle?

Accepted Answer

Information requirements are defined by

Question 9

If a manager delegates responsibility to a subordinate,he or she must also grant the subordinate authority to make decisions.

Accepted Answer

A) True 
 B)False

Question 10

XBRL taxonomies are classification schemes that are compliant with the XBRL
specifications to accomplish a specific information exchange.

Accepted Answer

A) True 
 B)False

Question 11

XBRL

Accepted Answer

A)  is the basic protocol that permits communication between Internet sites. 
B)  controls Web browsers that access the Web. 
C)  is the document format used to produce Web pages. 
D)  was designed to provide the financial community with a standardized method for preparing 
E)  is a low-level encryption scheme used to secure transmissions in higher-level (HTTP)format. 
A)  is the basic protocol that permits communication between Internet sites. 
B)  controls Web browsers that access the Web. 
C)  is the document format used to produce Web pages. 
D)  was designed to provide the financial community with a standardized method for preparing 
E)  is a low-level encryption scheme used to secure transmissions in higher-level (HTTP)format.

Question 12

How does management by exception help to alleviate information overload by a manager?

Accepted Answer

The principle of management by exception

Question 13

Long-range planning involves

Accepted Answer

A)  planning the marketing and promotion for a product 
B)  presenting department heads with budgetary goals for the next year 
C)  preparing a work force utilization budget for the next quarter 
D)  deciding the optimum size of the firm 
A)  planning the marketing and promotion for a product 
B)  presenting department heads with budgetary goals for the next year 
C)  preparing a work force utilization budget for the next quarter 
D)  deciding the optimum size of the firm

Question 14

List and explain the six basic files in the general ledger database.

Accepted Answer

The general ledger master file is the ma

Question 15

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 16

Explain the phrase "span of control." What are the implications for the management reporting system of this principle?

Accepted Answer

A manager's span of control is the numbe

Question 17

When evaluating decision alternatives,one option is to take no action.

Accepted Answer

A) True 
 B)False

Question 18

Risk exposures in the General Ledger and Financial Reporting Systems include all of the following except

Accepted Answer

A)  loss of the audit trail 
B)  unauthorized access to the general ledger 
C)  loss of physical assets 
D)  general ledger account out of balance with the subsidiary account 
A)  loss of the audit trail 
B)  unauthorized access to the general ledger 
C)  loss of physical assets 
D)  general ledger account out of balance with the subsidiary account

Question 19

Contrast the four decision types,strategic planning,tactical planning,management control and operational control,by the four decision characteristics,time frame,scope,level of details,recurrence,and certainty.

Accepted Answer

Strategic planning decisions are 1)typic

Question 20

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

Accepted Answer

A) True 
 B)False

Describe the role of the journal voucher in both batch and real-time GL systems.

The level of management that makes tactical planning decisions is

Which of the following budgeting processes is least likely to motivate managers toward organizational goals?

A firm with a wide span of control tends to have relatively more layers of management.

All of the following are elements of operational control decisions except

Primary recipients of financial statement information are internal management.

There are two basic types of management reports-programmed and ad hoc.Describe each and give examples.

What is the implication for the Management Reporting System of an organization that implements the formalization of tasks principle?

If a manager delegates responsibility to a subordinate,he or she must also grant the subordinate authority to make decisions.

XBRL taxonomies are classification schemes that are compliant with the XBRL specifications to accomplish a specific information exchange.

XBRL

How does management by exception help to alleviate information overload by a manager?

Long-range planning involves

List and explain the six basic files in the general ledger database.

An XBRL taxonomy:

Explain the phrase "span of control." What are the implications for the management reporting system of this principle?

When evaluating decision alternatives,one option is to take no action.

Risk exposures in the General Ledger and Financial Reporting Systems include all of the following except

Contrast the four decision types,strategic planning,tactical planning,management control and operational control,by the four decision characteristics,time frame,scope,level of details,recurrence,and certainty.

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

The Information System: an Accountants Perspective

Introduction to Transaction Processing

Ethics,fraud,and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part Ii: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

Database Management Systems

The Rea Approach to Business Process Modeling

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Construct,deliver,and Maintain Systems Projects

IT Controls Part I: Sarbanes-Oxley and It Governance

IT Controls Part II: Security and Access

IT Controls Part III: Systems Development, program Changes, and Application Controls

Filters

Exam 8: General Ledger,financial Reporting,and Management Reporting Systems

Describe the role of the journal voucher in both batch and real-time GL systems.

The level of management that makes tactical planning decisions is

Which of the following budgeting processes is least likely to motivate managers toward organizational goals?

A firm with a wide span of control tends to have relatively more layers of management.

All of the following are elements of operational control decisions except

Primary recipients of financial statement information are internal management.

There are two basic types of management reports-programmed and ad hoc.Describe each and give examples.

What is the implication for the Management Reporting System of an organization that implements the formalization of tasks principle?

If a manager delegates responsibility to a subordinate,he or she must also grant the subordinate authority to make decisions.

XBRL taxonomies are classification schemes that are compliant with the XBRL specifications to accomplish a specific information exchange.

XBRL

How does management by exception help to alleviate information overload by a manager?

Long-range planning involves

List and explain the six basic files in the general ledger database.

An XBRL taxonomy:

Explain the phrase "span of control." What are the implications for the management reporting system of this principle?

When evaluating decision alternatives,one option is to take no action.

Risk exposures in the General Ledger and Financial Reporting Systems include all of the following except

Contrast the four decision types,strategic planning,tactical planning,management control and operational control,by the four decision characteristics,time frame,scope,level of details,recurrence,and certainty.

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

The Information System: an Accountants Perspective

Introduction to Transaction Processing

Ethics,fraud,and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part Ii: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

Database Management Systems

The Rea Approach to Business Process Modeling

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Construct,deliver,and Maintain Systems Projects

IT Controls Part I: Sarbanes-Oxley and It Governance

IT Controls Part II: Security and Access

IT Controls Part III: Systems Development, program Changes, and Application Controls

Filters