Accounting Information Systems
Mock Exam
Course Introduction
Accounting Information Systems explores the integration of information technology with accounting processes, focusing on how computerized systems collect, process, and report financial data. Students will examine the design, implementation, and control of accounting systems, as well as their role in supporting decision-making and ensuring the accuracy and security of financial information. The course also covers topics such as internal controls, systems documentation, and the impact of emerging technologies like enterprise resource planning (ERP), blockchain, and cloud computing on the accounting profession.
Recommended Textbook
Computer Accounting with QuickBooks Online A Cloud Based Approach 1st Edition by Carol Yacht
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12 Chapters
240 Verified Questions
240 Flashcards
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Page 2
Chapter 1: Quickbooks Online Test-Drive
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Sample Questions
Q1) To access customers,vendors,transactions,and reports,use the Settings Menu.
A)True
B)False
Answer: False
Q2) This report shows unpaid invoices for the current period:
A)A/P Aging Summary.
B)Balance Sheet.
C)Profit and Loss.
D)A/R Aging Summary.
E)All.
Answer: D
Q3) You can only use a mouse to move around QBO.
A)True
B)False
Answer: False
Q4) The QBO home page is the central place for getting an overview of the company and key activities.
A)True
B)False
Answer: True
Page 3
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Chapter 2: New Company Setup and the Chart of Accounts
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Sample Questions
Q1) A list of all the changes that have been made to the company data and by whom.
A)Settings menu.
B)Navigation bar.
C)Business processes.
D)Audit log.
E)All.
Answer: D
Q2) Based on the industry you select,QBO does not create a Chart of Accounts.
A)True
B)False Answer: False
Q3) Retained earnings is a View register account.
A)True
B)False Answer: False
Q4) Software as a service and cloud computing are alike.
A)True
B)False Answer: True
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Chapter 3: Beginning Balances and October Transaction Register
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20 Flashcards
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Sample Questions
Q1) The month that the company,Cloud_Ware Student Name,starts is:
A)October.
B)November.
C)December.
D)January.
E)None. Answer: A
Q2) To view your company financial information,display transactions.
A)True
B)False Answer: False
Q3) The Balance Sheet lists assets,liabilities,and equity.
A)True
B)False Answer: True
Q4) The Profit and Loss statement shows the debit and credit balances of each account during a period of time.
A)True
B)False Answer: False
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Chapter 4: Vendors and Inventory
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Sample Questions
Q1) Before you reconcile,your check register balance does not include the bank's service charge.
A)True
B)False
Q2) The money a company owes to a supplier or vendor is called:
A)Accounts payable.
B)Accounts receivable.
C)Sales.
D)Purchases.
E)None.
Q3) In QBO when Cloud_Ware purchases and receives inventory,they are:
A)Subtracted from inventory.
B)Added to inventory.
C)Added to customer accounts.
D)Subtracted from customer accounts.
E)All.
Q4) Cash basis accounting means you count income or expenses as soon as you invoice or receive a bill and before you actually receive or pay money.
A)True
B)False
Page 6
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Chapter 5: Customers and Sales
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Sample Questions
Q1) Refunds for merchandise that is returned by a customer are called:
A)Credit memos
B)Purchases on account.
C)Sales on accounts.
D)Accounts payable transactions.
E)All.
Q2) To edit a customer record,use:
A)Reconcile.
B)The bank register.
C)Accounts receivable reports.
D)Drill down.
E)All.
Q3) Use this page to record customer transactions on account:
A)Invoice.
B)Bill.
C)Journal Entry.
D)Transfer
E)None.
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Chapter 6: December Source Documents
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Sample Questions
Q1) Who sends verification of credit card receipts?
A)Customers.
B)Vendors.
C)Clients.
D)The bank.
E)None.
Q2) For Credit Card Sales,what selections are made?
A)Create menu (+)> Sales Receipts.
B)Create menu (+)> Credit Card Credit.
C)Gear > Account and Settings > Advanced.
D)Gear > Manage Users.
E)None.
Q3) Receiving payment from a customer is recorded in the following way:
A)Customers page > select customer > Receive Payment.
B)Create menu (+)> Receive Payment.
C)Receive payment from the Customers page or the Create menu.
D)Gear icon > Account and Settings > Advanced.
E)None.
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Chapter 7: Analysis and Reportsend of Fourth Quarter and Year
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Sample Questions
Q1) When the Balance Sheet's date is changed to January 1 of the next year,the Retained Earnings account will show the previous year's Net Income; and the Profit and Loss accounts will have zero balances.
A)True
B)False
Q2) A software design that emphasizes separating the functions of a program into independent,interchangeable components is called:
A)A user interface.
B)The operating system.
C)Web-delivered software.
D)Modules.
E)All
Q3) A common characteristic of an adjusting entry is that it will include one Profit and Loss statement account and one Balance Sheet account.
A)True
B)False
Q4) Use the Settings menu (clock icon)to record journal entries.
A)True
B)False
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Chapter 8: January Source Documents
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Sample Questions
Q1) What is difference between a Sales Receipt and an Invoice?
A)Sales Receipts include cash sales and credit card sales; Invoices are used to record customer sales that are paid for later.
B)Sales Receipts are used for customer sales on account; Invoices are used for cash sales and credit card sales.
C)Sales Receipts and Invoices use the same QB Online selection -- Bills.
D)Sales Receipts and Invoices use the same selection as vendor payments on accountPay Bills
E)None.
Q2) QB Online tracks Accounts Receivable (A/R)by entering a bill,then paying the bill.
A)True
B)False
Q3) Vendor purchases on account are recorded on this page:
A)Journal entry.
B)Invoice.
C)Bill.
D)Sales Receipt.
E)None.
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10
Chapter 9: February Source Documents
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Sample Questions
Q1) The balance in Account 101 Checking should be the same as the balance on which report?
A)Transaction register.
B)Journal.
C)Transfer account.
D)None.
E)All.
Q2) Because QBO is in the cloud,you do not need to back up.
A)True
B)False
Q3) To make sure you are starting in the correct place in the data,display the:
A)October 1 through December 31 Balance Sheet.
B)January 1 through January 31 Profit and Loss.
C)January 1 through January 31 Trial Balance.
D)Transaction register.
E)None.
Q4) To obtain information about your company's liabilities,you should run the Profit and Loss report.
A)True
B)False
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Chapter 10: February Source Documents
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Sample Questions
Q1) To remove a product from the item list,make it inactive.
A)True
B)False
Q2) The source documents in Chapter 10 include.
A)Credit card sales.
B)Accounts payable transactions.
C)Accounts receivable transactions.
D)Checks.
E)All.
Q3) At the end of March,adjustments for the following accounts are made except for: A)Rent expense.
B)Insurance expense.
C)Accumulated depreciation.
D)Checking account balance.
E)None.
Q4) Click on the magnifying-glass icon to search by transaction,amount,or date. A)True
B)False
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Chapter 11: Certification, quick-Books Labs and Report
Customization
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Sample Questions
Q1) QBO's items or products and services are included within the customer center.
A)True
B)False
Q2) The sales module includes the Accounts Receivable (A/R)workflow.
A)True
B)False
Q3) Which of the following objectives does the QBO certification test cover:
A)QBO setup.
B)Purchases
C)Sales.
D)Reports
E)All.
Q4) The purchases module includes all of the following except:
A)Vendor center list.
B)Customer center list.
C)Bank reconciliation.
D)Accounts payable transactions.
E)None.
Page 13
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Chapter 12: Apps, updates and QB Online Blog
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Sample Questions
Q1) If you want QBO to interact with customers so you don't have to enter customer information twice,what type of app do you use?
A)ERP.
B)CRM.
C)iOS.
D)Browser.
E)All.
Q2) The QBO Blog only includes posts from Intuit.
A)True
B)False
Q3) What does the Apps button do?
A)Tracks vendor appointments.
B)Display the Inventory summary.
C)Use the App tab to find more apps.
D)Go to Advanced Account and Settings.
E)All.
Q4) The QBO Blog is changed regularly.
A)True
B)False
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