Computerized Accounting Chapter Exam
Course Introduction
Questions
Computerized Accounting introduces students to the principles and practices of accounting using modern accounting software. The course covers topics such as setting up company accounts, managing general ledger, accounts receivable and payable, payroll processing, inventory management, and financial statement preparation. Students will gain hands-on experience in utilizing popular computerized accounting systems to record business transactions, generate reports, and support decision making, emphasizing accuracy, efficiency, and the integration of technology within accounting functions. This course prepares students for the evolving landscape of accounting roles in both small businesses and large organizations.
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Accounting Information Systems The Crossroads of Accounting and IT 1st Edition by Donna Kay
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Chapter 1: Accounting Systems Insights
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Q1) Which event is part of the Sales Cycle?
A)Receive Item
B)Enter Time
C)Make Deposit
D)Create Purchase Order
Answer: C
Q2) How much time do accountants spend using spreadsheets?
A)30%
B)50%
C)80%
D)90%
Answer: D
Q3) What is an alternative to "hard keyed" data?
A)Using variables in the program, such as cell addresses in a spreadsheet
B)Creating the program in a way that does not require data
C)If user requirements are correctly defined, the data will not change and may be "hard keyed."
D)Alternatives to "hard keyed" data is not possible. All data must be "hard keyed."
Answer: A
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Chapter 9: XBRL: Intelligent Business Reporting
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Q1) How is XBRL being used in the Americas?
Answer: In South America, central banks are exploring XBRL, while in Chile, XBRL is being considered for capital markets. In North America, Canada has implemented a voluntary XBRL filing program. In the United States, the FDIC is using XBRL for some bank reporting requirements. The U.S. Securities and Exchange Commission implemented a voluntary XBRL program in 2005 with mandatory XBRL filings required for selected companies beginning in June 2009.
Q2) An instance document contains specific amounts for a taxonomy at one instance. A)True
B)False
Answer: True
Q3) The XBRL linkdase ________ link defines different kinds of relationships between elements. For example, ZIP code is the postal code used in the United States. Answer: Definition
Q4) XBRL has been compared to product ________. Answer: Bar codes
Q5) A(n)________ database can store data but not metadata. Answer: Relational
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Chapter 8: Accounting and Sustainability Intelligence
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Q1) To be ________ sustainable, it is necessary to have a balance of cash inflows and cash outflows that can be maintained in the long run.
Answer: Economically
Q2) ECA
Answer: Answers: C
Q3) Which sustainability reporting framework was a joint undertaking of the British Standards Institution, Forum for the Future, AccountAbility, and the UK Department of Trade and Industry and provides guiding principles for sustainability and a framework that integrates sustainability into management decision making?
A)ISO 14000 Environmental Management
B)International Federation of Accountants (IFAC)Sustainability Framework
C)Sigma Guidelines
D)Global Reporting Initiative (GRI)
Answer: C
Q4) The success of a framework or model is often based upon not perfection, but
Answer: Effectiveness
Q5) ________ are a related set of activities that add value.
Answer: Business processes
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Chapter 7: Accounting and Business Intelligence
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Q1) BI technologies store in a data warehouse that uses the relational database structure.
A)True
B)False
Answer: True
Q2) An analysis tool not designed for software spreadsheets is
A)AutoFilter
B)PivotTables
C)Subtotal
D)Neural networks
Answer: D
Q3) Business ________ focuses on how to use information technology to solve business problems.
Answer: Informatics
Q4) Strategic decisions are typically short term, impacting one year or less.
A)True
B)False
Answer: False
Q5) The ODBC as a ________ between the database and the spreadsheet.
Answer: Pipeline
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Chapter 6: Integrated Enterprise Systems
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Q1) SAP software is used around the globe by large companies to integrate supply chain, operations, sales, human resources, and accounting functions.
A)True
B)False
Q2) In a three-tier architecture, the user tier is called the ________.
Q3) How do employees add their time worked to the database using SAP?
Q4) Each time the same data is entered into a computer system
A)The risk of errors increases
B)The data becomes more reliable
C)The more likely the data is correct
D)Efficiency improves because the desired data can be located more quickly
Q5) Why does an accounting system need to be integrated throughout an enterprise?
Q6) What SAP products are available for small and mid-sized companies?
Q7) One of the challenges of implementing an integrated enterprise system is staying on time and on budget.
A)True
B)False
Q8) What forms are associated with the SAP purchasing module?
Q9) In the SAP user interface, what does the Sales-A/R tab show when expanded?
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Chapter 5: Business Processes: Purchasing, Sales, and Payroll Cycles
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Sample Questions
Q1) Create a DFD for the Spice House Purchase Order narrative.
Q2) The stages approach to customization involves customizing and installing customer, vendor, employee, and remaining modules for the entire enterprise at the same time.
A)True
B)False
Q3) Annotate the Books Ga'Lore! Enter Time Worked narrative.
Q4) The ________ module consists of transactions related to payroll.
Q5) What is the stages approach to customizing an accounting system? What are the advantages and disadvantages?
Q6) The ________ approach customizes one module or geographic location at a time, stage by stage, until the entire enterprise has been converted to the new system.
Q7) The enormity of installing an enterprise system for a huge enterprise can be overwhelming in terms of resources and ________.
Q8) What DFD level is the EspressoCoffee Make Deposit DFD? How do you know this?
Q9) List the datastores in the EspressoCoffee Make Deposit DFD.
Page 8
Q10) Whether you use the big bang or stages approach when customizing an accounting system, ________ must be considered.
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Chapter 4: Accounting Systems and Business Processes
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Q1) ________ is best suited for object-oriented programming purposes.
Q2) Which of the following is most likely to happen as a result of Business Process Management?
A)The accounting system will become less complex.
B)More security will be added to the business processes.
C)The accounting database tables will be updated.
D)Business processes will be streamed lined to improve effectiveness.
Q3) In a baseline accounting system, the business processes that involve cash received and cash paid are included in the ________ module.
Q4) In a data flow diagram, a square indicates a(n)________.
Q5) In a data flow diagram, what does the database table represent?
A)What
B)Where
C)Who
D)When/How
Q6) What accountants refer to as transaction cycles IT professions call ________ .
Q7) What are the guidelines for a well-designed DFD?
Q8) In a baseline accounting system, the pay bills business process is included in the ________ module.
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Chapter 3: Accounting Interface: Database Forms, Queries, and Reports
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Sample Questions
Q1) Which of the following types of data validation helps prevent dirty data in the database?
A)Limit checks
B)Drop-down list
C)Range checks
D)Input mask
Q2) List the 6 general guidelines for database form design discussed in the text.
Q3) Database reports display the formatted results of database queries.
A)True
B)False
Q4) Query builder tools may be referred to as query-by-example.
A)True
B)False
Q5) The interface navigation allows the user to access the following interface components except?
A)Reports
B)DBMS
C)Forms
D)Queries
Q6) The ________ translates the query statement into action. Page 11
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Chapter 2: Accounting Databases
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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.
Q2) Normalization is the process of increasing data redundancy in a relational database.
A)True
B)False
Q3) Account Transactions
Q4) Which field in the TimeSheet table is a foreign key?
A)Time Sheet ID
B)Employee ID
C)Total Hours
D)Week Ending
Q5) Which database integrity rule ensures each record may be retrieved from the database using a unique identifier?
A)Domain Integrity
B)Primary Key Integrity
C)Entity Integrity
D)Referential Integrity
Q6) What is the purpose of a foreign key? Provide an example.
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Chapter 14: Database Design: ERD, REA, and SQL
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Q1) Which REA diagraming rule states at least two agent entities are required for an event entity.
A)Rule 1. Resource-event relationship
B)Rule 2. Event-event relationship
C)Rule 3. Agent-event relationship
D)Rule 4. Agent-agent relationship
Q2) Rule 1: First Normal Form (1NF)
Q3) A specific customer, such as Vincent, is an entity ________.
Q4) Which database architecture is typically used for operational databases?
A)Dimensional
B)XBRL
C)Relational
D)Network
Q5) In designer terminology, for a one-to-one relationship, the maximum occurrence possible for each entity is one.
A)True
B)False
Q6) All the entity identifiers that uniquely identify the entity are called ________ keys in the database builder realm.
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Chapter 13: Accounting System Development
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Q1) Which of the following is an advantage of the waterfall methodology of software development over the prototyping methodology?
A)Smaller design time frame
B)Greater user input during the design phase
C)Longer testing time frame
D)All user requirements are defined at the beginning of the project
Q2) Economic problem
Q3) Operational feasibility
Q4) What does the system development methodology define?
A)What steps to complete
B)How to perform the steps
C)When to perform the steps
D)Where to complete the steps
Q5) Deploy
Q6) What is the software development waterfall methodology?
Q7) Economic feasibility
Q8) ________ is a series of phases used to create a system: plan, analyze, design, build/buy, install, and deploy.
Q9) List and define the phases of the SDLC.
Q10) ________ are used to model business or pictorial representation of processes. Page 15
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Chapter 12: The Risk Intelligent Enterprise: Enterprise Risk Management
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Sample Questions
Q1) Qualitative measures include
A)Means
B)Regression
C)Percentages
D)Ranking likelihood
Q2) The ________ log documents the date of the update, user making the updates, the type of updates (for example, formulas), update specifications, and what initiated the update.
Q3) What are the four risk response categories? Include a definition of each.
Q4) Which ERM category relates to the effective and efficient use of a corporation's resources?
A)Operational objective
B)Compliance objective
C)Strategic objective
D)Reporting objective
Q5) ERM Operational objectives relate to goals that support the entity's mission.
A)True
B)False
Q6) Avoiding
Q7) ________ practices offer a solution to reduce risk. Page 17
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Chapter 11: Cybersecurity
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Sample Questions
Q1) Electronic data interchange (EDI)
Q2) ________ architecture consists of computer hardware components and computer software.
Q3) ________, such as Symantec Enterprise Security Systems, are used to detect the damage caused by intruders and fix the applications.
Q4) Phishing involves attempts to obtain passwords by sniffing messages sent between computers on the network.
A)True
B)False
Q5) Encryption is a method of converting plaintext data into an unreadable form called ________.
Q6) To understand cybersecurity and how to evaluate whether cybersecurity is adequate for an accounting system, a basic understanding of IT architecture is not needed.
A)True
B)False
Q7) Transport control protocol (TCP)
Q8) Viruses
Q9) Ethernet protocol
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Chapter 10: Fraud and Internal Control
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Q1) Internal controls for the accounting system are incomplete without IT controls.
A)True
B)False
Q2) Which of the following is not part of the information criteria as defined by COBIT?
A)Integrity
B)Scalability
C)Availability
D)Confidentiality
Q3) What percentage of occupational fraud is committed by the accounting department?
A)16%
B)29%
C)35%
D)38%
Q4) What does Auditing Standard No. 5, an Audit of Internal Control Over Financial Reporting That Is Integrated with An Audit of Financial Statements, require the auditor to understand about IT?
Q5) The Sarbanes-Oxley Act of 2002, which would become known as SOX, created the ________ to oversee and regulate public companies and their auditors.
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