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Question;ACC340-R4 ACCOUNTING INFORMATION SYSTEMS I;FINAL EXAM;Each;Question Below is Worth 4 Points;1.) Which of the following is true?;a);An AIS must be computerized;to be useful;b) An;AIS always produces useful information;c) An;AIS always produces financial information;d) none of these;2.) Which;of the following is true about the terms ?data? and ?information? within the;context of Chapter 1?;a);The terms are;exactly the same;b);The terms are;always exact opposites;c);Some ?data? can also be ?information?;d);none of these;3.) Most;AISs perform all of these functions except;a);Collect raw;accounting data;b);Store accounting;data for future uses;c);Process data into;useful information;d);AISs perform all of these functions;4.) Which;of the following is one of the five interacting components of an accounting;information system?;a);Fuzzy logic;b);Testing;c);Certification;d);Procedures;e);Internet;5.) A;computer network spanning regional, national, or global areas best describes;which of the following?;a);LAN;b) WAN;c);ESPN;d);DSL;e);ISDN;6.). Documentation includes;a) All;flowcharts, narratives, and other written communications associated with the;information system;b) All written communications associated;with an accounting information system except;flowcharts and data flow diagrams;c) All flowcharts, narratives, and other;written communications associated with an accounting information system, except for program flowcharts;decision tables, and pseudocode;d) Flowcharts and data flow diagrams only;7.) A system;flowchart is a block diagram that;a) Is used only by auditors;b) Is used primarily when document;flowcharts cannot be used;c) Depicts the flow of computer systems in;an organization;d) Depicts;the flow of data through a computerized accounting information system;8.) The financial accounting;cycle ends with;a);The production of financial statements;b);Closing journal entries;c);The production of an adjusted;trial balance;d);Development of cash forecasts;9.).Which;of the following is not usually a;design consideration in coding systems?;a);Consistency;b);Standardization;c);Government regulation;d.);Plans for future expansion;10.) The;primary objective of a manufacturing organization?s production process is to;a);Maintain inventories at a zero level;b);Convert;raw materials into finished goods as efficiently as possible;c);Make sure that there are no product defects;d);Maintain the documentation and report on an;organization?s manufacturing process;11.);Which of the following is not a concern;of the financing process?;a);Effective cash management;b);Optimizing an organization?s cost of capital;c);Minimizing an organization?s borrowings;d);Projecting;cash flows;12.) Business process reengineering efforts;sometimes fail because;a) Management;gets too involved in the process;b) Management is too optimistic regarding its;expectations from its implementation;c) Management;support can never overcome employee resistance;d) Employees;will never accept change;13.) Resource Management Process includes which;of the following?;a) Human;resource management and fixed asset management;b) Human resource management, inventory;management, and fixed asset management;c) Human resource management only;d) Personnel;management, payroll management, and fixed asset management;14.) All of these are reasons why we think that;computer crime is rising except;a);Some;Internet web sites now instruct users how to perform certain types of computer;abuse;b);More;people now know how to use computers;c);Computer;usage continues to grow;d);all of these are reasons;15.) Thwarting;computer abuse can be enhanced by all of the following except;a);Enlisting top-management support;b);Increasing;employee awareness;c);Allowing;only 10% of employees access to computers;d);Identifying;computer criminals;16.) Three objectives of a company?s internal;control system should be safeguarding assets, checking the accuracy and;reliability of accounting data, and promoting operational efficiency. A fourth objective of a company?s internal;control system should be;a);Preventing embezzlement of assets;b);Encouraging;adherence to prescribed managerial policies;c);Avoiding the;payment of overtime to company employees;d) Revising standards for production costs;on a weekly basis;17.) The control environment is a component of;a company?s internal control system that;a);Influences the;control awareness of a company?s employees;b);Stresses the;development of control procedures in a company;c);Directly affects the accuracy and reliability of a;company?s accounting data;d);Can be ignored when;establishing a company?s internal control system;18.) The principal function of an accounting;system's computerized controls is;a);Detecting computer;frauds;b);Preventing computer frauds;c);Encouraging;programmer honesty;d);none of the above;19.) When a company is setting up its;accounting information system, it is important for management to select;a);A standard set of;com?puter control mechanisms;b);Only those controls;which appear to serve its needs;c);Controls whose;benefits exceed their costs;d);b and c only;20.) The four;phases of the systems development life cycle end with this phase;a) Analysis;b) Design;c) Implementation, follow-up, and;maintenance;d) Development;21.) According to the chapter, which of these;comes closest in meaning to the term ?systems approach??;a) Narrow;point of view;b) Broad;point of view;c) Focus on;achieving those goals important to computerized systems;d) Focus first and foremost on;computerization;22.) The primary purpose of an internal audit;is;a);To verify the;accuracy of a firm?s financial statements;b);To punish employees;for inefficient performance;c);To meet the;requirements of the accounting profession;d) To;ascertain employee adherence to organizational policies and procedures;23.);A computerized AIS is harder to;audit than a manual system for all of the following reasons except;a) The file information is not human readable;b) The;volume of transaction records and master file records is usually much larger in;computerized systems than in manual systems;c);An audit trail does not exist in a computerized AIS;d) Computerized;systems often use remote real-time data processing, thus complicating the;tracing of transaction records to their sources;24.);An advantage of an extranet is that;a.;It can disseminate;information corporate-wide;b.;It can be accessed;by selected trading partners;c.;Users can employ;common web browsers to access information in them;d.;all of the above;25.) Those companies which prefer VANs to the;Internet for implementing EDI do so for what main reason?;a);Cost - VANs are;cheaper than the Internet;b);Speed - VANs are;faster than the Internet;c);Security - VANs are thought to be more secure;d);Convenience - VANs;are everywhere;26.) In the REA framework, which of these would;be recorded as an ?event??;a);Hiring a new president of the company;b);Taking;an initial sales order from a customer;c);Buying;a piece of equipment for cash;d);all;of these would be recorded as events;27.) In the REA framework, an account receivable;would be classified as a(n);a) Asset;b) Event;c) Resource;d) none;of these;28.) In the context of databases, the term data redundancy refers to;a);Storing;the same information in several records;b);Repeating;data on multiple reports;c);Using;foreign keys which duplicate the values of primary keys;d.);all of these are possible examples of;data redundancy;29.) A;disadvantage of database management systems is that;a) They;are not flexible;b) They cannot be;implemented on microcomputers;c) They rarely support file inquiries;d) They are often machine dependent (e.g.;not all DBMSs can run on all types of computers);30.) The;purpose of an input mask is to;a);Disguise data when;it is first input into a database;b);Transform data from;alphabetic to numeric formats;c) Help users avoid data input errors;d);Hide sensitive data;such as passwords onscreen


Paper#40331 | Written in 18-Jul-2015

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