1. ACC 564 Final Exam Part 1
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ACC 564 Final Exam Part 1
Course Accounting Info Systems
Question 1 .
An accounting information system (AIS) processes ________ to provide users with
________.
. Question 2 .
Paid time-off policies, job descriptions, and procedures manuals are examples of
information needed to support key decisions in what business process?
. Question 3 .
Which of the following is a primary activity in the value chain?
. Question 4 .
2. A change in the AIS that makes information more easily accessible and widely
available within an organization is most likely to first influence the
. Question 5 .
A frantic StroFrinzel called the home office from Des Moines. "You have got to
help me. I am about to close a great sale, but I have to be able to guarantee delivery
by the fourteenth. I can't get through to the company Web site to verify delivery!"
"Thank you for calling. Your call is very important to us. However, all of our lines
are currently in use. Please try again later." Which of the following characteristics
of useful information is absent in the situation described above?
. Question 6 .
The coding technique most likely used for sales orders is called a
. Question 7 .
The quality assurance department at a large manufacturing business enters data
into the AIS that is used to produce a weekly report that summarizes the proportion
of defective units in each product line. This is an example of
Question 8 .
A specialized journal
3. . Question 9 .
Data must be collected about three facets of each business activity. What are they?
. Question 10 .
A specialized journal would be most likely to be used to enter
. Question 11 .
The Union Soup Kitchen is a non-profit organization that collects, stores, prepares
and provides food to the homeless in Erie, Pennsylvania. Donations of food are
recorded in a database and a receipt is provided to the donor. When food is used,
the database is updated so that it always reflects the amounts and types of food that
are available. In a data flow diagram, which type of symbol would be used to
represent the flow of data from the donor into the system?
. Question 12 .
A flowchart that depicts the relationships among the input, processing, and output
of an AIS is
. Question 13 .
In a data flow diagram of the customer payment process, "Customer payment" will
appear above or in
4. . Question 14 .
In general, a data destination will be shown by
. Question 15 .
In preparing a DFD, when data are transformed through a process, the symbol
used should be
. Question 16 .
When the human resources manager wants to gather data about vacation and
personal day usage by employees and by departments, the manager would use
which language?
. Question 17 .
The potential inconsistency that could occur when there are multiple occurrences of
a specific data item in a database is called the
. Question 18 .
5. The schema that provides an organization-wide view of the entire database is
known as the
. Question 19 .
The database requirement that foreign keys must be null or have a value
corresponding to the value of a primary key in another table is formally called the
. Question 20 .
In a relational database, requiring that every record in a table have a unique
identifier is called the
. Question 21 .
Which of the following is an opportunity that could contribute to employee fraud?
. Question 22 .
Which of the following is the greatest risk to information systems and causes the
greatest dollar losses?
. Question 23 .
One fraudulent scheme covers up a theft by creating cash through the transfer of
money between banks. This is known as
6. . Question 24 .
Most frauds are detected by
. Question 25 .
The most efficient way to conceal asset misappropriation is to
. Question 26 .
A fraud technique that slices off tiny amounts from many projects is called the
________ technique.
. Question 27 .
Computer fraud perpetrators that modify programs during systems development,
allowing access into the system that bypasses normal system controls are using
. Question 28 .
A fraud technique that allows a perpetrator to bypass normal system controls and
enter a secured system is called
. Question 29 .
7. Computer fraud perpetrators who use telephone lines to commit fraud and other
illegal acts are typically called
. Question 30 .
A ________ is similar to a ________, except that it is a program rather than a code
segment hidden in a host program.
. Question 31 .
________ controls prevent, detect and correct transaction errors and fraud.
. Question 32 .
According to the ERM, these objectives help ensure the accuracy, completeness and
reliability of internal and external company reports.
. Question 33 .
Generally in a risk assessment process, the first step is to
. Question 34 .
8. The process that a business uses to safeguard assets, provide accurate and reliable
information, and promote and improve operational efficiency is known as
. Question 35 .
According to the ERM, these help the company address all applicable laws and
regulations.
. Question 36 .
Which of the following is an example of a corrective control?
. Question 37 .
The process of turning off unnecessary features in the system is known as
. Question 38 .
The process that screens individual IP packets based solely on the contents of the
source and/or destination fields in the packet header is known as
. Question 39 .
According to the Trust Services Framework, the reliability principle of integrity is
achieved when the system produces data that
9. . Question 40 .
Compatibility tests utilize a(n) ________, which is a list of authorized users,
programs, and data files the users are authorized to access or manipulate.
. Question 41 .
Which of the following is not one of the three important factors determining the
strength of any encryption system?
. Question 42 .
Which of the following descriptions is not associated with symmetric encryption?
. Question 43 .
An electronic document that certifies the identity of the owner of a particular public
key.
. Question 44 .
Which of the following is not one of the 10 internationally recognized best practices
for protecting the privacy of customers' personal information?
10. . Question 45 .
These are used to create digital signatures.
. Question 46 .
This determines the correctness of the logical relationship between two data items.
. Question 47 .
This determines if characters are of the proper type.
. Question 48 .
Check digit verification is an example of a(n)
. Question 49 .
This batch processing data entry control sums a non-financial numeric field.
. Question 50 .
What is the most effective way to ensure information system availability?
11. ________________________________________________________________________
__________
ACC 564 Final Exam Part 2
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ACC 564 Final Exam Part 2
Question 1
In the ________ stage of an operational audit, the auditor measures the actual system
against an ideal standard.
Question 2
An auditor finds that employee absentee rates are significantly higher on Mondays and
Fridays than on other work days. This is an example collecting audit evidence by
Question 3
The ________ to auditing provides auditors with a clear understanding of possible errors
and irregularities and the related risks and exposures.
Question 4
12. According to the risk-based auditing approach, when a control deficiency is identified,
the auditor should inquire about
Question 5
Control risk is defined as the
Question 6
During the sales order entry process, a ________ is performed to verify that each
transaction record contains all appropriate data items.
Question 7
The shipping department at Squishy Things Toy Company follows policies that
determine which carrier will deliver orders according to the size, weight, and destination
of the shipment. It maintains standing agreements with shippers that specify legal
responsibility for the shipment while it is in transit. The terms of the agreements are
documented on
Question 8
When an ERP is used, it is assumed that there will be increases in efficiency and the
effectiveness of the activities related to the revenue cycle. However, what must be in
place and functioning well to fully realize these benefits?
13. Question 9
Which of the following documents would normally trigger the process to record a
customer payment?
Question 10
A type of business document in which part of the original document is returned to the
source for further processing is called a ________ document.
Question 11
Duties in the expenditure cycle should be properly segregated to promote internal control.
This means that the authorization function is performed by ________, the recording
function is performed by ________, and cash handling is performed by the ________.
Question 12
Procurement cards differ from corporate credit cards in which of the following ways?
Question 13
What control should be put in place that assigns responsibility for EFT payments made to
vendors?
Question 14
14. Economic Order Quantity (EOQ) includes several variables that must be taken into
consideration when calculating the optimal order size. One variable, the costs associated
with holding inventory, is referred to as
Question 15
The traditional approach to inventory management to ensure sufficient quantity on hand
to maintain production is known as
Question 16
When using electronic documents, ________ increase the accuracy of data entry.
Question 17
Which department should have the sole ability to provide information to the AIS about
hiring, terminations, and pay rate changes?
Question 18
The document that lists each employee's gross pay, payroll deductions, and net pay in a
multicolumn format is called
Question 19
15. Companies that specialize in processing payroll are known as
Question 20
Which of the following will limit a firm's potential loss exposure from paycheck forgery?
Question 21
Recording interest earned on an investment is an example of which type of adjusting
journal entry?
Question 22
Departments that mostly provide services to other units and charge those units for
services rendered should be evaluated as ________ centers.
Question 23
Cheryl Liao is an accountant at Folding Squid Technologies. While making an adjusting
entry to the general ledger, she received the following error message, "Your journal entry
must be a numeric value. Please reenter." This message was the result of a
Question 24
Budgets and performance reports should be developed on the basis of
16. Question 25
An adjusting entry made at the end of an accounting period that reflects the exchange of
cash prior to performance of a related event is classified as a(n)
Question 26
Each event in an REA model will in most cases have at least one ________ agent and one
________ agent involved with the event.
Question 27
The REA data model
Question 28
Which of the following transactions is represented by the diagram below?
Question 29
An entity-relationship (E-R) diagram
Question 30
17. Relationships that affect the quantity of a resource are sometimes referred to as ________
relationships.
Question 31
Refer to the table below, which shows the results of payback, net present value, and
internal rate of return analysis of four projects. Which is preferred by the net present
value criterion?
Question 32
When using the payback method to determine economic feasibility of projects, the
company usually accepts the project with the
Question 33
Who is responsible for preparing the specifications that are used to create the programs?
Question 34
Refer to the table below, which shows the results of payback, net present value, and
internal rate of return analysis of four projects. Which is preferred by the payback
criterion?
Question 35
18. The capital budgeting technique where estimated future cash flows are discounted back to
the present is referred to as
Question 36
When canned software is used for systems acquisition, the maintenance aspect of the
operations and maintenance phase of the SDLC
Question 37
BenathirDonathat, director of the project committee, has received approval from
management for implementation of a new accounting information system. After putting
out an RFP, the committee settled on a vendor that will provide an industry standard
software package and post-sale technical support. The committee decided to go with
Question 38
The ________ method calculates and compares the processing times of different AIS to
compare system performance.
Question 39
End-user computing is likely to result in a(n)
Question 40
What would be one duty of second-line help desk personnel?
Question 41
One process used to uncover and eliminate program errors is known as
19. Question 42
Who is responsible for identifying such risk factors in an implementation plan?
Question 43
Which of the following describes a phase-in conversion?
Question 44
Phil in Marketing got a call from Chuck in ITS. "Phil, the system just generated a stock-
out report. I wanted to give you a heads up. I'm sending it right over." This is an example
of a
Question 45
Chuck in ITS got a call from Phil in Marketing. "Chuck, I need you to do something for
me. Query sales data for the first quarter and pull out all of the invoices that include the
snow blower discount. I need a count and the total amount of the discount. Thanks." This
is an example of a
+______________________________________________________________________
__________
