Accounting Systems and Controls
Exam Preparation Guide
Course Introduction
Accounting Systems and Controls explores the design, implementation, and evaluation of accounting information systems within organizations. The course examines the role these systems play in collecting, processing, and reporting financial data, with an emphasis on internal controls that safeguard assets, enhance data integrity, and support decision-making. Students learn to assess risks, implement control structures, and utilize technology to improve the efficiency and reliability of accounting operations. Practical exposure to software applications and regulatory requirements prepares students to manage and audit accounting systems effectively in dynamic business environments.
Recommended Textbook
Accounting Information Systems 9th Edition by Ulric
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17 Chapters
2198 Verified Questions
2198 Flashcards
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Page 2
J. Gelinas
Chapter 1: Introduction to Accounting Information Systems
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115 Verified Questions
115 Flashcards
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Sample Questions
Q1) In an assurance service the accountant will provide the original information used for decision making.
A)True
B)False
Answer: False
Q2) According to the Sarbanes-Oxley Act of 2002, management must audit and report on auditors' assertions about the organizations' systems of internal controls. A)True
B)False
Answer: False
Q3) A(n) _____________________________________________ is designed to collect, process, and report information related to financial transactions.
Answer: accounting information system (AIS)
Q4) Section ____________________ of the Sarbanes-Oxley Act of 2002 requires disclosure to the public on a rapid and current basis of material changes in an organization's financial condition.
Answer: 409
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3
Chapter 2: Enterprise Systems
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140 Verified Questions
140 Flashcards
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Sample Questions
Q1) Primary activities of the value chain provide support infrastructure such as procurement, information technology, human resources, and accounting.
A)True
B)False
Answer: False
Q2) A collection of related characters that comprise an attribute such as a customer number or name is known as a A)character
B)field
C)record
D)none of the above
Answer: B
Q3) The dominant player in the large system ERP arena is Microsoft.
A)True
B)False
Answer: False
Q4) ________________________________________ software builds and maintains an organization's customer-related database. Answer: Customer relationship management (CRM)
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Chapter 3: Electronic Business E-Business Systems
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113 Verified Questions
113 Flashcards
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Sample Questions
Q1) SPAM is unsolicited non-document mail that has largely been eliminated.
A)True
B)False
Answer: False
Q2) In batch processing, business event data are usually entered by using a(n):
A)imaging device
B)inline device
C)offline device
D)point of sale (POS) device
Answer: C
Q3) Increased efficiency in the purchasing function from e-Business includes A)the seller soliciting pricing
B)automatic price checking by the computer
C)decreased electronic based business events
D)none of the above
Answer: B
Q4) ____________________ are software programs designed specifically to allow users to view the various documents and data sources available on the Internet. Answer: Web browsers
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Chapter 4: Documenting Information Systems
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108 Verified Questions
108 Flashcards
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Sample Questions
Q1) Data flow diagrams present a comprehensive picture of the management, operations, information systems and process controls embodied in business processes.
A)True
B)False
Q2) In a data flow diagram, a(n) ____________________ symbol depicts an entity or a process within which incoming data flows are transformed into outgoing data flows.
Q3) When the context diagram and the level 0 diagram reflect the equivalent external data flows, the two diagrams are said to be ____________________.
Q4) In a physical data flow diagram, a bubble or circle could be used to specify each of the following except:
A)where a process is performed
B)how a process is performed
C)by whom a process is performed
D)what process is performed
Q5) In a(n) ____________________ system, we use a central database for the business processes.
Q6) Data store symbols are represented by
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Chapter 5: Database Management Systems
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180 Verified Questions
180 Flashcards
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Sample Questions
Q1) Which of the following database types has dominance in contemporary systems?
A)relational
B)object oriented
C)network
D)hierarchical
Q2) ________________________________________ are information systems that assist managers with unstructured decisions by retrieving and analyzing data for purposes of identifying and generating useful information.
Q3) A relation is in ______________________________ if it does not contain repeating groups.
Q4) A description of a portion of a schema is referred to as a(n)
Q5) A(n) ______________________________ happens when an attribute is dependent on a portion of the primary key not on the entire key.
Q6) The applications approach to business event processing
A)concentrates on integrated applications
B)uses a central database
C)has data redundancy
D)none of the above
Page 7
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Chapter 6: Relational Databases and Sql
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93 Verified Questions
93 Flashcards
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Sample Questions
Q1) Which of the following SQL statements would extract the employee number and date for every instance that an employee worked more than 8 hours any particular day?
A)SELECT Employee_No, Date FROM BILLING_HOURS
WHERE Hours>8
B)QUERY Employee_No, Date FROM BILLING_HOURS WHERE Hours>8
C)SELECT Employee_No, Date WHERE Hours>8
D)QUERY BILLING_HOURS SELECT Employee_No, Date WHERE Hours>8
Q2) Representing supervisors and their employees as separate entities in the model can lead to data redundancy.
A)True
B)False
Q3) The UPDATE command demonstrates one of the weaknesses in most forms of SQL. A)True B)False
Q4) REA stands for ____________________, ____________________, and ____________________.
Q5) The ____________________ command is used to add new tuples to a relation.
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Chapter 7: Controlling Information Systems: Introduction to Enterprise
Risk Management and Internal Control
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161 Verified Questions
161 Flashcards
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Sample Questions
Q1) The _____________________________________________ states that "a fundamental aspect of management's stewardship responsibility is to provide shareholders with reasonable assurance that the business is adequately controlled."
Q2) Salami slicing is program code that can attach itself to other programs (i.e., "infect" those programs), that can reproduce itself, and that operates to alter the programs or to destroy data.
A)True
B)False
Q3) A logic bomb is a computer abuse technique in which unauthorized code is inserted in a program, which, when activated, may cause a disaster such as shutting down a system or destroying data.
A)True
B)False
Q4) The control goal of ensuring input materiality strives to prevent fictitious items from entering an information system.
A)True
B)False
Q5) ____________________ are events that would have a positive impact on objectives.
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Chapter 8: Controlling Information Systems: Introduction to Pervasive Controls
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157 Verified Questions
157 Flashcards
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Sample Questions
Q1) In an information systems organizational structure, the function of ____ is the central point from which to control data and is a central point of vulnerability.
A)data control
B)data entry
C)data librarian
D)database administration
Q2) Combining the functions of authorizing and executing events is a violation of the organizational control plan known as ______________________________.
Q3) The functions of the security officer commonly include assigning passwords and working with human resources to ensure proper interview practices are conducted during the hiring process.
A)True
B)False
Q4) The policy of requiring an employee to alternate jobs periodically is known as ______________________________.
Q5) The ______________________________ group is responsible for routing all work in to and out of the data center, correcting errors, and monitoring all error correction.
10
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Chapter 9: Controlling Information Systems: Business
Process and Application Controls
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126 Verified Questions
126 Flashcards
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Sample Questions
Q1) Which of the following control plans is designed to achieve the goal of input completeness?
A)key verification
B)confirm input acceptance
C)programmed edit check
D)written approvals
Q2) A control whose primary purpose is to ensure greater input accuracy is:
A)written approvals
B)preformatted screens
C)confirm input acceptance
D)all of these ensure greater input accuracy
Q3) Which of the following controls requires that documents be numbered sequentially or prenumbered before it can be implemented?
A)completeness check
B)sequence check
C)batch total matching
D)key verification
Q4) ______________________________ describes a computer system asking the user for input or asking questions that the user must answer.
11
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Chapter 10: The Order Entrysales Oes Process
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128 Verified Questions
128 Flashcards
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Sample Questions
Q1) The OE/S process helps support the decision needs of the ____________________ department.
Q2) Bar code readers are used to recognize patterns of handwritten or printed characters.
A)True
B)False
Q3) ______________________________ advises customer service representatives to check data entries for accuracy before moving on.
Q4) Sales order master data is updated at least twice-once when a new sales order is created and later to reflect the shipment of that order.
A)True
B)False
Q5) One-for-one checking in the OE/S process is a control plan that simplifies the data entry process, and may prevent the customer service representative from omitting data, to fill in certain fields, and reject incorrectly formatted fields to reduce input errors. A)True
B)False
Q6) In the ER diagram for OE/S, STOCK_PICK triggers ____________________.
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Chapter 11: The Billingaccounts Receivable Cash Receipts
Barcr Process
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134 Verified Questions
134 Flashcards
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Sample Questions
Q1) In general, adjustments to customer balances in the accounts receivable master data will be necessary for all of the following except:
A)sales returns and allowances
B)reversals of mispostings and other errors
C)bad debt write-offs
D)estimates of uncollectible accounts
Q2) Which of the following is not an example of a customer self-service system?
A)pay-at-the-pump gasoline station
B)drive-thru lanes at a bank
C)Web-based courier tracking system
D)telephone access to credit card balances
Q3) In an open-item system, accounts receivable records consist of a customer's current balance due, past-due balance, and the finance charges and payments related to the account.
A)True
B)False
Q4) A credit card system is better at reducing float time than a debit card system. A)True B)False
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Q5) Funds on deposit and available are known as ____________________ funds.
Chapter 12: The Purchasing Process
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131 Verified Questions
131 Flashcards
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Sample Questions
Q1) Which of the following is least likely to report directly to the vice president of logistics?
A)controller
B)receiving department
C)purchasing department
D)warehouse
Q2) Data about vendor compliance with the terms of the purchase order normally would be included in the:
A)accounts payable master data
B)vendor master data
C)inventory master data
D)warehouse master data
Q3) When data on the inventory record indicate a need to replenish the stock, the inventory system prepares a(n) ______________________________.
Q4) features collaborative processes across the supply chain using a set of processes and technology models.
Q5) ______________________________ is a technique for ranking inventory items according to their relative importance.
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Chapter 13: Accounts Payablecash Disbursements Apcd Process
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104 Verified Questions
104 Flashcards
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Sample Questions
Q1) In an AP/CD process, you would expect that "validating" a vendor invoice might include all of the following steps except:
A)having a copy of the invoice approved by the purchasing manager
B)comparing the invoice with a copy of the purchase order
C)comparing the invoice with a copy of the receiving report
D)checking the invoice for mathematical accuracy
Q2) In a voucher system, the data flow between the originating department and the process "prepare disbursement voucher" typically is:
A)the disbursement voucher
B)the payment notification
C)the payment request
D)the check
Q3) In the ER diagram of the AP/CD process, VALID_INVOICES are received from the purchasing department.
A)True
B)False
Q4) The ___________________________________ triggers the "make payment" process.
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Q5) The AP process that uses vendor invoices for inputs updates the ______________________________ master data.
Chapter 14: The Human Resources Process HR
Management and Payroll Processes
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118 Verified Questions
118 Flashcards
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Sample Questions
Q1) The ____________________ process maintains data for payroll taxes, fringe benefits, attendance reporting, timekeeping, and paying employees for work performed.
Q2) Which of the following data stores is updated when employees gain new on the job training?
A)labor force planning data
B)skills inventory data
C)payroll data
D)none of the above
Q3) Which of the following recognized the importance of personnel in achieving organizational objectives, but viewed personnel as something that could be controlled?
A)human resource management
B)personnel management
C)human capital management
D)strategic management
Q4) Wages taxable under FICA are reported on Form ____________________.
Q5) The trigger for the payroll process "pay employees" is the payroll register.
A)True
B)False
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Chapter 15: Integrated Production Processes IPP
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106 Verified Questions
106 Flashcards
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Sample Questions
Q1) A cost driver is one of the main factors influencing total cost.
A)True
B)False
Q2) MRP is an integrated decision support system for planning, executing, and controlling manufacturing operations
A)True
B)False
Q3) Purchase orders convey authority for the manufacture of a specified product or subassembly in specified quantity and describe the material, labor, and machine requirements for the job.
A)True
B)False
Q4) Available to promise planning is the accumulation of data on current inventories, sales commitments, planned production and excess production capacity or other planned production capacity that could be quickly converted to production of the desired finished goods necessary to fulfill a sales order request.
A)True
B)False
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Chapter 16: General Ledger and Business Reporting Glbr
Process
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78 Verified Questions
78 Flashcards
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Sample Questions
Q1) The ___________________________________ data contains summarized information of all an organization's business event data.
Q2) The business reporting process comprises all of the following except:
A)preparing general purpose external financial statements
B)generating ad hoc and predetermined business reports for management
C)ensuring that the external financial statements adhere to GAAP
D)fueling the financial reporting, business reporting, and other reporting subsystems by providing the information needed to prepare external and internal reports
Q3) The source code field of each GL entry provides a beginning point of reference for developing a proper chart of accounts.
A)True
B)False
Q4) When implementing an ERP system, it is best to provide all users with access to all menu systems, so they can see what is going on within the system.
A)True
B)False
Q5) Sarbanes-Oxley Section 401 covers ____________________ in financial reports.
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Chapter 17: Acquiring and Implementing Accounting Information Systems
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206 Verified Questions
206 Flashcards
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Sample Questions
Q1) Briefly discuss application service providers (ASP) and Software as a Service (SaaS).
Q2) The Sarbanes-Oxley Act prohibits CPA firms from serving as system consultants to companies they do not audit.
A)True
B)False
Q3) ____________________ is the assignment of an internal function to an outside vendor.
Q4) A(n) _________________________ is a firm providing information processing services, including hardware and software for a fee
Q5) Which of the following provides services through an easy to use Web browser over public networks rather than private lines?
A)outsourcing
B)application service provider
C)insourcing
D)benchmarking
Q6) When implementing ___________________ systems, it is often capacity or cost prohibitive to take the parallel approach.
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