Accounting Information Systems
Exam Practice Tests
Course Introduction
Accounting Information Systems explores the integration of information technology with accounting processes to support effective decision-making, internal control, and financial reporting. The course covers the design, implementation, and management of computerized accounting systems, as well as key topics such as transaction cycles, data management, cybersecurity, and compliance with regulatory standards. Students will gain hands-on experience with accounting software, develop an understanding of how information systems improve organizational efficiency, and examine the role of these systems in auditing and risk management.
Recommended Textbook
Payroll Accounting 2017 3rd Edition by Jeanette Landin
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6 Chapters
427 Verified Questions
427 Flashcards
Source URL: https://quizplus.com/study-set/2738
Page 2
Chapter 1: Payroll Practices and System Fundamentals
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70 Verified Questions
70 Flashcards
Source URL: https://quizplus.com/quiz/54634
Sample Questions
Q1) According to FMLA,during the time that an employee is on family leave:
A) The employer must not contact the employee during the leave.
B) The employee is responsible for staying in touch with the employer.
C) The employer may make changes to the employee's benefits.
D) The employer is responsible for alerting the employee to changes in processes and benefits.
Answer: D
Q2) Jonathan is the payroll accountant for Terrafirm Company.The company has experienced a rise in business that has increased Jonathan's workload to more than double his original amount.Because of the business increase,he has not been able to engage in the continuing professional education (CPE)that his payroll certification requires.When asked by his employer,Jonathan claims to be current with his CPE.According to the AICPA Code of Ethics,which of the following most closely describes the principle that Jonathan has violated?
A) Objectivity
B) Due Care
C) Responsibilities
D) Public Interest
Answer: B
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Page 3
Chapter 2: Payroll System Procedures
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70 Verified Questions
70 Flashcards
Source URL: https://quizplus.com/quiz/54633
Sample Questions
Q1) Individuals classified as _________________________________ are processed as vendors of a firm.
A) Exempt employees.
B) Nonexempt employees.
C) Government contract employees.
D) Independent contractors.
Answer: D
Q2) Which of the following is a purpose of new hire reporting (Select all that apply)?
A) Immigration agency tracking
B) COBRA benefits administration
C) Communications of ethics violations for clerical workers
D) Child support obligations tracking
Answer: A
Q3) It is considered a best practice to assign one employee all payroll duties.
A)True
B)False
Answer: False
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Page 4
Chapter 3: Gross Pay Computation
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76 Verified Questions
76 Flashcards
Source URL: https://quizplus.com/quiz/54632
Sample Questions
Q1) Which of the following items would not appear as a column on a payroll register?
A) Hiring date
B) Marital status
C) Number of withholding allowances
D) Hours worked
Answer: A
Q2) Brittany is a full-time college student and is 21 years of age.Her employer has the option to pay her less than the Federal minimum wage.What is the minimum hourly rate that Brittany may receive?
A) $7.25 per hour
B) $4.25 per hour
C) $6.16 per hour
D) $5.80 per hour
Answer: C
Q3) Gross pay is the amount of employee compensation prior to deducting any amounts for taxes or other withholdings.
A)True
B)False
Answer: True
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Page 5
Chapter 4: Employee Net Pay and Pay Methods
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70 Verified Questions
70 Flashcards
Source URL: https://quizplus.com/quiz/54631
Sample Questions
Q1) Why do employers use checks as an employment payment method?
A) Paying employees by check allows the employer flexibility with its bank accounts.
B) Paying employees by check increases the complexity of the payroll process.
C) Paying employees by check requires the employer to keep currency on the premises.
D) Paying employees by check offers a level of security of employee payments.
Q2) Which of the following guidelines does the IRS use to evaluate the tax treatment of supplemental health insurance?
A) If the income derived is taxable,then the cost is tax-free.
B) If the income derived is nontaxable,then the cost must be taxed.
C) If the income derived will be tax free,then the cost is also tax exempt.
D) If the income derived is taxable,then the cost is taxable.
Q3) Retirement fund contributions are considered Pre-Tax Deductions because
A) Employees declare the funds on the personal tax return for the year
B) Employees are liable for the taxes on this income when it is earned
C) Contributors will pay tax on these funds once withdrawn during retirement
D) These funds immediately become are part of an employee's disposable income
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6
Chapter 5: Employer Payroll Taxes and Labor Planning
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71 Verified Questions
71 Flashcards
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Sample Questions
Q1) Johnny's Tavern had 16 employees and total annual wages of $376,948 during the previous year.All employees earned more than $7,000 during the year.What is Johnny's Tavern's FUTA tax liability?
A) $22,616.88
B) $1,589.69
C) $7,000.00
D) $672.00
Q2) PCD Inc.operates as a Nevada business.The SUTA wage base for Nevada is $27,800.PCD Inc.'s SUTA tax rate is 4.5%.The employees' annual earnings for the past calendar year are as follows: Annabelle $36,750,Beatrice $24,880,Michael $42,200,Howard $26,500
What is PCD Inc.'s SUTA tax liability for the year?
A) $5,864.85
B) $ 4,814.10
C) $6,037.82
D) $4,733.72
Q3) An employer files Form 941 on either a quarterly basis or when they deposit payroll taxes,whichever is more frequent.
A)True
B)False
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Chapter
6:
Payroll Register, employees Earning Records, and Accounting System Entries
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70 Verified Questions
70 Flashcards
Source URL: https://quizplus.com/quiz/54629
Sample Questions
Q1) ___________ is the transferring of information from the General Journal to the General Ledger.
A) Annotating
B) Accruing
C) Posting
D) Computing
Q2) What are the General Journal entries that should appear on each pay date?
A) Employee pay accrual and employee pay disbursement
B) Employee pay remittance and voluntary deduction remittance
C) Employee pay recording and employer share payroll taxes recording
D) Employee pay disbursement and voluntary deduction remittance
Q3) It is important that the payroll accountant understand the flow of the payroll transactions,especially when working with ______________.
A) The payroll register
B) The employee earnings record
C) Accounting software packages
D) Payroll tax reports
Q4) The payroll register is identical for each company.
A)True
B)False
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