Accounting Information Systems
Final Exam
Course Introduction
Accounting Information Systems explores the integration of information technology with accounting processes to support effective financial decision-making and operational efficiency. The course examines core concepts such as system design, internal controls, data management, and the use of accounting software in processing transactions and generating reports. Students learn to analyze, document, and evaluate accounting systems, assess risks, and ensure compliance with industry standards and regulations. Practical applications may include evaluating enterprise resource planning (ERP) systems, understanding cybersecurity issues related to financial information, and leveraging technology to facilitate auditing and business performance analysis.
Recommended Textbook
Concepts in Enterprise Resource Planning 4th Edition by Ellen Monk
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8 Chapters
389 Verified Questions
389 Flashcards
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Page 2
Chapter 1: Business Functions and Business Processes
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37 Verified Questions
37 Flashcards
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Sample Questions
Q1) The functional area of Supply Chain Management (SCM)sets prices.
A)True
B)False
Answer: False
Q2) When manufacturing runs out of raw material,it is known as a(n):
A)shortfall
B)empty shelf
C)depletion
D)stockout
Answer: D
Q3) ____ can result in management overinvesting in inventory.
A)Bulging raw materials
B)Stockup
C)Safety stock
D)Excess baggage
Answer: C
Q4) A shortfall of raw materials is known as a(n)____________________.
Answer: stockout
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Page 3
Chapter 2: The Development of Enterprise Resource Planning Systems
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74 Verified Questions
74 Flashcards
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Sample Questions
Q1) Scalability means that the capacity of a piece of equipment can be increased by adding new hardware.
A)True
B)False
Answer: True
Q2) An ERP system for a large company will cost ____,including software,training,and implementation.
A)$100-500 million
B)$1-5 million
C)$1-5 billion
D)$50,000-$500,000
Answer: A
Q3) An important consideration in minimizing the risk of fraud and abuse is defining limits on the dollar value of business transactions that certain employees can process.
A)True
B)False
Answer: True
Q4) Originially,in English,SAP was an acronym for ____________________.
Answer: Systems Analysis and Program Development
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Chapter 3: Marketing Information Systems and the Sales Order Process
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51 Verified Questions
51 Flashcards
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Sample Questions
Q1) In SAP R/3 the electronic evidence of a transaction is called a document.
A)True
B)False
Answer: True
Q2) In SAP ERP a sales order is entered only once,by the sales people.It need not be entered a second time,in Accounting,to keep the books.Briefly explain why that second entry is not needed in SAP R/3.
Answer: By contrast,ERP systems integrate Accounting with all business processes,so that when a sales order is recorded,the related accounting data is updated automatically.
Q3) In SAP R/3,relatively permanent data in the Material Master Data table is available to only one module,the Materials Management module.
A)True
B)False
Answer: False
Q4) In the accompanying diagram,"Taking an Order in SAP ERP," what is D?
Answer: Material and Order quantity: What the customer is ordering.
Q5) In the accompanying diagram,"Taking an Order in SAP ERP," what is B?
Answer: PO Number: The number assigned by the customer to this sales order.
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Chapter 4: Production and Supply Chain Management Information Systems
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63 Verified Questions
63 Flashcards
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Sample Questions
Q1) The production plan for Fitter Snacker calls for 7000 cases of the snack bar product group in June.If the snack bar product group consists of NRG-A and NRG-B bars with the proportion 70% NRG-A bars and 30% NRG-B bars,how many NRG-A bars should be produced in June?
A)500
B)2100
C)4900
D)7000
Q2) What are the three principles that production planners follow?
Q3) In detailed scheduling,longer production runs of a particular product:
A)increases the available capacity by reducing the frequency of setups.
B)increases finished goods inventory levels.
C)reduces finished goods inventory levels.
D)both a and b
E)both a and c
Q4) Because Fitter Snacker uses large quantities of oats,the most cost-effective way to purchase oats is to buy a farm and grown them.
A)True
B)False
Q5) What is repetitive manufacturing?
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Chapter 5: Accounting in ERP Systems
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Sample Questions
Q1) Another name for an income statement is a ____ statement.
A)credit
B)profit and loss
C)sales
D)revenue
Q2) With a properly configured and managed ERP system,there are direct links between the company's ____________________ and individual transactions that make up the statements,so that fraud and abuse can be detected more easily.
Q3) Using standard costs to accumulate manufacturing costs means that the company does not have to keep track of actual manufacturing costs.
A)True
B)False
Q4) Activity-based costing treats overhead costs as more direct than traditional cost-accounting methods have treated them.
A)True
B)False
Q5) Explain how activity based costing would be implemented using an ERP system.In doing that,explain the advantage of using ERP with activity based costing.
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Chapter 6: Human Resources Processes With ERP
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29 Verified Questions
29 Flashcards
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Sample Questions
Q1) Succession planning should be performed on every employee in the company.
A)True
B)False
Q2) What are statutory and voluntary deductions?
Q3) SAP's ERP helps the administration of employees taking time off under a government act that allows compensation for family and medical problems.This act,passed in 1993,is the ____.
A)FIA
B)QOTA
C)FMLA
D)PROBA
Q4) The parts of an employee's pay that is comprised of base pay,bonuses,gratuities,overtime,sick pay ,and vacation allowances are known as ____.
A)payroll run
B)statutory deductions
C)voluntary deductions
D)remuneration elements
Q5) How does the SAP ERP system distinguish between a task,job,and person?
Q6) What are remuneration elements?
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Chapter 7: Process Modeling, Process Improvement, and ERP Implementation
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28 Verified Questions
28 Flashcards
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Sample Questions
Q1) Which software programs automates the execution of business processes?
A)SAP Wizards
B)ASAP
C)Workflow tools
D)Swimlanes
Q2) ERP software such as SAP has many business applications but none of them support business processes.
A)True
B)False
Q3) Process boundaries define which activities are to be included in the process.
A)True
B)False
Q4) To simplify matters,let's assume that the Procurement Department does NOT have to buy any raw materials.Since this is the case,assume the Procurement Department simply files the preliminary work order form and also files the Sales Request (order).
Q5) Organizational change management is a trivial part of the implementation process. A)True
B)False
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39 Verified Questions
39 Flashcards
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Sample Questions
Q1) What is known as the combination of software tools that lets various programs within an organization communicate with other applications?
A)Web services
B)Internet hot links
C)Internet tie-ins
D)Binders
Q2) Business analytics is the concept of developing strategic goals for the organization and then gathering data to evaluate how the organization is performing in relation to those goals.
A)True
B)False
Q3) On the left side of the accompanying SAP Business Intelligence (BI)Framework figure are the potential BI ____________________,which are growing both in number and in the volume of data produced.For example,Facebook,Twitter,and other social media applications can provide information on consumer reaction to new products.
Q4) What is the advantage of using RFID technology over barcode labels and barcode readers?
Q5) What is an RFID?
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