Accounting and Information Technology
Textbook Exam Questions
Course Introduction
This course explores the integration of accounting principles with information technology systems and their impact on modern business environments. Students will examine how accounting information systems are designed, implemented, and maintained to facilitate accurate financial reporting, decision-making, and internal controls. Key topics include data management, cybersecurity, enterprise resource planning (ERP) systems, cloud-based accounting solutions, and the ethical considerations surrounding digital financial data. Through discussions and case studies, students gain practical insight into leveraging technology to enhance accounting processes and ensure organizational compliance.
Recommended Textbook
Accounting Information Systems The Crossroads of Accounting and IT 2nd Edition by Kay
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14 Chapters
1472 Verified Questions
1472 Flashcards
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Chapter 1: Accounting Systems Insights
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102 Verified Questions
102 Flashcards
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Sample Questions
Q1) Data cubes allow you to view data in two dimensions.
A)True
B)False
Answer: False
Q2) You are an accountant and one of your clients is a small business that sells only over the Internet. How would you convince the owner to purchase an integrated enterprise system?
Answer: The answer should include the following information.
- SCM: items are automatically removed from inventory and calculations made for reordering from vendors, identify fast moving items (keep reordering from vendor )or slow moving items (consider removing from inventory)
- CRM: the purchase is analyze for trends, products purchased at a particular time of day and/or day of the week, analyze for more targeted marketing (coupons)
- Operations/Production System: track shipping supplies
- Human Resources Planning: track appropriate personnel positions (more/less people for gathering items in the purchase, more/less people for packaging the purchase, more/less people in the shipping department, etc.)
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Page 3
Chapter 2: Accounting Databases
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) You are an accountant at a small company and you are reviewing the vendor database table. Identify the database anomalies shown and explain how they impact this database.
Answer: This database contains the deletion anomaly, update anomaly, and the insertion anomaly.
The deletion anomaly in this database prevents the deletion of a vendor. If a vendor was deleted, the information for a purchase order would also be deleted, deleting the purchase order information which is needed for various management and financial reports.
The update anomaly in this database means if the phone number for a vendor changes, additional records would need to be updated to reflect that change.
The insertion anomaly in this database means a new vendor cannot be added to the database until the company submits a purchase order to the vendor.
Q2) Database anomalies are limited to databases using a network structure.
A)True
B)False
Answer: False
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Chapter 3: Accounting Interface: Database Forms, Queries, and Reports
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) The financial module would use a form to perform which of the following activities?
A)Reconcile bank statements
B)Make adjusting entries
C)Receive inventory
D)Add employees
Answer: B
Q2) Database reports display the formatted results of database queries.
A)True
B)False
Answer: True
Q3) What are the three typical output formats for reports?
Answer: Displayed on screen
Electronic files
Hard copy printouts
Q4) ________ are used to record accounting transactions resulting from various activities associated with the modules in an accounting system.
Answer: Database forms
Q5) ________ are used to present the output of the system. Answer: Database reports
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Chapter 4: Accounting Systems and Business Processes
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) Create a BPMN diagram for the Books Ga'Lore! Credit Sales narrative.
Q2) Pools represent major participants in the process and are often used to identify separate organizations.
A)True
B)False
Q3) An event typically NOT associated with the employee module of a baseline accounting system is
A)Pay bills
B)Pay payroll liabilities
C)Calculate payroll
D)Enter time
Q4) By studying a ________, you will be able to quickly understand the business processes for most companies.
Q5) BPMN 2.0 uses symbols to map events, activities, and agents.
A)True
B)False
Q6) When data flows into a process but does not flow out, it is considered a ________.
Q7) In a flowcharts, a(n)________ indicates a decision.
Q8) List all the data objects in the Books Ga'Lore! BPMN diagram.
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Chapter 5: Business Processes: Purchasing, Sales, and Payroll Cycles
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102 Verified Questions
102 Flashcards
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Sample Questions
Q1) The Create Purchase Orders, Receive Items, and Enter Bills are in which baseline accounting system?
A)Reporting
B)Customer
C)Banking
D)Vendor
Q2) Create a BPMN diagram for the Nice Lawn Pay Employees narrative.
Q3) The financial modules usually includes the following activities EXCEPT
A)Make correcting entries
B)Make adjusting entries
C)Make closing entries
D)Pay interest expense
Q4) What is a workflow management system? Provide an example.
Q5) By changing business processes to match the baseline system, a company can expect to increase the need for custom programming.
A)True
B)False
Q6) Typically, vendors mail the bill separately from the items shipped.
A)True
B)False Page 7
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Page 8
Chapter 6: Integrated Enterprise Systems and Cloud Computing
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99 Verified Questions
99 Flashcards
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Sample Questions
Q1) In integrated enterprise systems the financial module is sometimes called the
A)Banking module
B)Finance module
C)General ledger module
D)Journal module
Q2) Why did many companies install new integrated enterprise systems at the turn of the millennium?
Q3) How do employees add their time worked to the database using SAP?
Q4) Typically, firewalls are not constructed between each tier of the three-tier architecture.
A)True
B)False
Q5) Business Process Management involves
A)Customizing the accounting system to meet current business practices
B)Writing code to connect multiple heterogeneous systems
C)Managing the change that individuals within the organization experience as the result of moving to an new system
D)Changing how business operations are conducted
Q6) What are the tiers in a silo computer system?
Q7) Why are firewalls placed between each tier of the integrated enterprise system? Page 9
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Page 10
Chapter 7: Accounting and Business Intelligence
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101 Verified Questions
101 Flashcards
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Sample Questions
Q1) The process of integrating financial and non-financial factors into the decision process can lessen the quality of the decision.
A)True
B)False
Q2) A digital dashboard is a(n)
A)Tool used to extract data from a data database
B)Interactive data visualization tool
C)Transfers data to a data analysis tool
D)Stores data
Q3) The primary keys of the dimension tables are foreign keys in the ________ at the center of the star.
Q4) In a dimension table, the primary keys are
A)Optional
B)Foreign keys in the fact table
C)Required to add the word Dim to the field name
D)Foreign keys in the dimension tables
Q5) In a dimensional database with a star structure, a query traverses only three tables.
A)True
B)False
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Chapter 8: Accounting and Sustainability Intelligence
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) What are the two primary benefits of integrated reporting?
Q2) In order for a model to be accepted throughout an organization and provide a common language for communicating and understanding issues, the sustainability reporting model must be
A)Transparent and effective
B)Understandable and efficient
C)Translatable and transparent
D)Inexpensive and understandable
Q3) GLOBAL REPORTING INITIATIVE (GRI)
A)Enables organizations to identify and control their environmental impact, continuously improve their environmental performance, and implement a systematic approach to setting and achieving environmental targets.
B)Provides a resource summarizing various frameworks used in accounting for sustainability.
C)Provides a sustainability reporting framework of which the G3 guidelines are the cornerstone.
D)Requires ISO 14001 as the environmental management system.
E)Provide guiding principles for sustainability and a framework that integrates sustainability into management decision making.
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Page 12
Chapter 9: XBRL: Intelligent Business Reporting
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110 Verified Questions
110 Flashcards
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Sample Questions
Q1) With XBRL, each financial reporting amount is electronically tagged with a description of the data.
A)True B)False
Q2) Within the first quarter of implement XBRL, the FDIC went from a 66 percent data accuracy to
A)80 percent accuracy
B)95 percent accuracy
C)73 percent accuracy
D)99 percent accuracy
Q3) What information does the following XBRL tag provide?
<ifrs-gp:AssetsHeldSale contextRef="Current_AsOf" unitRef="U-Euros"decimals="2">20000</ifrs-gp:AssetsHeldSale>
Q4) ________ adds tags after reports are prepared, just as bar codes were added to bottles at the end of the manufacturing process.
Q5) XML is a programming language used for Web site development that is static. A)True B)False
Q6) How is XBRL being used in Europe?
Page 13
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Chapter 10: Fraud and Internal Control
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115 Verified Questions
115 Flashcards
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Sample Questions
Q1) How long does the typical fraud last before being detected?
A)Six months
B)One year
C)Two years
D)Three years
Q2) Define the two types of SOC 1 reports.
Q3) ________ controls include IT governance at top management levels where strategic business objectives are set and policies are established.
Q4) List the five principle the on which the Trust Services framework is based.
Q5) What percentage of occupational fraud is committed by upper management?
A)19%
B)33%
C)29%
D)12%
Q6) What is the main difference between a SOC 2 and SOC 3 report?
Q7) Internal controls for the accounting system are incomplete without IT controls.
A)True
B)False
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Q8) What three things must a perpetrator have to commit fraud? Include a brief description of each.
Chapter 11: Cybersecurity
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113 Verified Questions
113 Flashcards
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Sample Questions
Q1) Which legislation requires financial institutions to provide customers with privacy notices and prohibits the institutions from sharing customer information with nonaffiliated third parties?
A)Federal Privacy Act of 1974
B)Sarbanes-Oxley
C)Gramm-Leach-Bliley Act
D)Computer Security Act of 1987
Q2) Which domain covers security for the electrical transmission of data through analog or digital transmission media?
A)Security architecture and design
B)Telecommunications
C)Application security
D)Cryptography
Q3) ________ are types of computer hardware that capture data from various sources and move the data into main memory.
Q4) ________ refers to rummaging through garbage for discarded documents or digital media.
Q5) ________ involves collecting, examining, and preserving evidence of cybercrimes.
Q6) The encryption method ________ combines symmetric and asymmetric cryptography.
Page 15
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Chapter 12: The Risk Intelligent Enterprise: Enterprise Risk Management
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108 Verified Questions
108 Flashcards
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Sample Questions
Q1) Which ERM objective relates to the goals that support a corporation's mission?
A)Reporting objective
B)Operational objective
C)Strategic objective
D)Compliance objective
Q2) In the context of enterprise risk management, ________ refers to the process of monitoring an entity's enterprise risk management.
Q3) Reporting objectives
A)These objectives relate to the reliability of the enterprise's reporting, both internal and external.
B)These objectives relate to the effective and efficient use of the entity's resources.
C)These objectives relate to goals that support the entity's mission.
D)These objectives relate to the entity's compliance with all applicable laws and regulations.
Q4) The ________ relates to the culture of the organization and its risk consciousness.
Q5) List and define the four categories in the ERM framework of an enterprise's objectives.
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Chapter 13: Accounting System Development
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109 Verified Questions
109 Flashcards
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Sample Questions
Q1) The ________ methodology starts with a baseline system. Then the baseline system is customized to meet the company's specific needs.
Q2) Which software methodology more closely reflects the methodology used in practice today for most systems development?
A)Prototyping methodology
B)ABC methodology
C)Spiral methodology
D)Waterfall methodology
Q3) Initial project feasibility analysis is usually summarized in a one-page document consisting of three sections: Issue/Opportunity, Rationale, and Cost.
A)True
B)False
Q4) The baseline stage of the ABC methodology involves customizing the off-the-shelf accounting system to meet the enterprise's specific needs.
A)True
B)False
Q5) ________ software is an example of using the ABC methodology for large-scale enterprises.
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Chapter 14: Database Design: ERD, REA, and SQL
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113 Verified Questions
113 Flashcards
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Sample Questions
Q1) SQL DML statements select, insert, update, and delete database records.
A)True
B)False
Q2) Rule 3: Domain Integrity
A)Each record in the database must have a unique identifier called a primary key.
B)Data referenced and stored in related tables must be consistent across the database.
C)The field values must be from a predefined domain.
D)The primary key value cannot be null (empty).
Q3) When using normalization for database development, all the attributes are placed in one huge table.
A)True
B)False
Q4) Rule 2. Second Normal Form (2NF)
A)No field can have multiple values.
B)Every identifier should be a candidate key
C)The table identifier (primary key)should not be a composite key.
Q5) The ________ database structure is used by data warehouses.
Q6) The database ________ creates the database model.
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