Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

Block codes restrict each class to a pre-specified range.

Accepted Answer

A) True 
 B)False

Question 3

Which system is not part of the expenditure cycle?

Accepted Answer

A)  cash disbursements 
B)  Payroll 
C)  production planning/control 
D)  purchases/accounts payable 
A)  cash disbursements 
B)  Payroll 
C)  production planning/control 
D)  purchases/accounts payable

Question 4

What does an entity-relationship diagram represent? Why do accountants need to understand them?

Accepted Answer

Entity relationship diagrams represent t

Question 5

Name four documentation techniques.

Accepted Answer

entity-relationship

Question 6

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

Accepted Answer

Batch processing typically requires the

Question 7

Which document is not a type of source document?

Accepted Answer

A)  a sales order 
B)  an employee time card 
C)  a paycheck 
D)  a sales return receipt 
A)  a sales order 
B)  an employee time card 
C)  a paycheck 
D)  a sales return receipt

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

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

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

The two subsystems of the revenue cycle

Question 11

Explain when it is appropriate to use special journals.

Accepted Answer

Special journals are used to r

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

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

Accepted Answer

accounts receivable control account and

Question 14

What information is provided by a record layout diagram?

Accepted Answer

Record layout diagrams are used to revea

Question 15

Operational efficiencies can be improved by

Accepted Answer

A)  updating accounts both common and unique to many concurrent transactions in real time. 
B)  updating accounts both common and unique to many concurrent transactions in batch mode. 
C)  updating accounts unique to many concurrent transactions in real time and updating common accounts in batch mode. 
D)  None of the above are true statements 
A)  updating accounts both common and unique to many concurrent transactions in real time. 
B)  updating accounts both common and unique to many concurrent transactions in batch mode. 
C)  updating accounts unique to many concurrent transactions in real time and updating common accounts in batch mode. 
D)  None of the above are true statements

Question 16

Comment on the following statement: "Legacy systems use flat file structures."

Accepted Answer

A flat-file model is a single-view model

Question 17

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 18

A file that stores data used as a standard when processing transactions is

Accepted Answer

A)  a reference file 
B)  a master file 
C)  a transaction file 
D)  an archive file 
A)  a reference file 
B)  a master file 
C)  a transaction file 
D)  an archive file

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

Updating a master file record

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

Block codes restrict each class to a pre-specified range.

Which system is not part of the expenditure cycle?

What does an entity-relationship diagram represent? Why do accountants need to understand them?

Name four documentation techniques.

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

Which document is not a type of source document?

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

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

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

Explain when it is appropriate to use special journals.

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

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

What information is provided by a record layout diagram?

Operational efficiencies can be improved by

Comment on the following statement: "Legacy systems use flat file structures."

The most important advantage of sequential coding is that

A file that stores data used as a standard when processing transactions is

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

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

The Information System: an Accountants Perspective

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

Financial Reporting, and Management Reporting Systems

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 2: Introduction to Transaction Processing

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

Block codes restrict each class to a pre-specified range.

Which system is not part of the expenditure cycle?

What does an entity-relationship diagram represent? Why do accountants need to understand them?

Name four documentation techniques.

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

Which document is not a type of source document?

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

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

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

Explain when it is appropriate to use special journals.

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

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

What information is provided by a record layout diagram?

Operational efficiencies can be improved by

Comment on the following statement: "Legacy systems use flat file structures."

The most important advantage of sequential coding is that

A file that stores data used as a standard when processing transactions is

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

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

The Information System: an Accountants Perspective

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

Financial Reporting, and Management Reporting Systems

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