Introduction to Accounting Final
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Course Introduction
Introduction to Accounting provides a foundational understanding of the principles and practices that underpin the field of accounting. This course covers key concepts such as the accounting cycle, double-entry bookkeeping, financial statement preparation, and fundamental accounting terminology. Students will learn how to record, classify, and summarize financial transactions, as well as how to interpret and analyze basic financial statements. The course also introduces ethical considerations and the role of accounting in business decision-making, equipping students with essential skills for further study or entry-level accounting roles.
Recommended Textbook
Accounting Information Systems 9th Edition by Ulric J. Gelinas
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17 Chapters
2198 Verified Questions
2198 Flashcards
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Page 2
Chapter 1: Introduction to Accounting Information Systems
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115 Verified Questions
115 Flashcards
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Sample Questions
Q1) Input, processing, ____________________, is a functional model of an information system.
Answer: output
Q2) Internal control issues are some of the questions the accountant answer in the design of the AIS.
A)True
B)False Answer: True
Q3) Sales/marketing information system is traditionally part of the AIS.
A)True
B)False Answer: False
Q4) Billing/accounts receivable is traditionally part of the AIS.
A)True
B)False Answer: True
Q5) The management process includes marketing and sales.
A)True
B)False
Answer: False
Page 3
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Chapter 2: Enterprise Systems
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140 Verified Questions
140 Flashcards
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Sample Questions
Q1) Middleware is a software product that connects two or more separate applications or software modules.
A)True
B)False
Answer: True
Q2) The financial accounting module integrates with sales/distribution, and materials management.
A)True
B)False
Answer: True
Q3) Which of the following is usually not part of an ERP's core applications?
A)manual legacy systems
B)product development
C)purchasing
D)sales and distribution applications
Answer: A
Q4) ________________________________________ includes integration of business processes, applications, databases, and data standards such as EDI, and XML.
Answer: Enterprise application integration (EAI)
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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) According to the text, these include relatively permanent portions of master data
A)business event data
B)maintenance data
C)master data
D)standing data
Answer: D
Q2) A computer configuration in which certain equipment is directly connected to the computer is said to be online.
A)True
B)False
Answer: True
Q3) ____________________ is a service provided for a fee to vendors in order to provide a limited endorsement to users of the vendor's web site that the site is in fact reliable and event data security is reasonable.
Answer: Internet assurance
Q4) ____________________ are repositories of relatively permanent data maintained over an extended period of time.
Answer: Master data
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Page 5
Chapter 4: Documenting Information Systems
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108 Flashcards
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Sample Questions
Q1) An acceptance stub is a data flow that leaves a bubble but does not go to any other bubble or file and indicates processing that is performed in other than normal situations.
A)True
B)False
Q2) The data flows in a logical flow diagram show: A)how the data are transmitted B)where the data are transmitted
C)the nature of the data being transmitted D)who receives the transmitted data
Q3) A(n) _____________________________________________ uses specifies where, how, and by whom a system's activities are accomplished.
Q4) When the context diagram and the level 0 diagram reflect the equivalent external data flows, the two diagrams are said to be ____________________.
Q5) In a data flow diagram, a(n) ____________________ symbol represents a pathway for data.
Q6) 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.
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Page 6
Chapter 5: Database Management Systems
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180 Verified Questions
180 Flashcards
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Sample Questions
Q1) An object oriented database system is a database that allows both simple and complex objects to be stored using abstract data types.
A)True
B)False
Q2) A(n) _________________________ uniquely identifies any row within a relational table.
Q3) An intelligent agent is a computer-based system of hardware and software that mimics the human brain's ability to recognize patterns or predict outcomes using less than complete information.
A)True
B)False
Q4) The model that logically organizes data into two-dimensional tables is the A)hierarchical database model
B)network database model
C)relational database model
D)object-oriented database model
Q5) _________________________ are problems in a relation table caused by the existence of functional dependencies.
Q6) Another name for sequential coding is ____________________ coding.
Page 7
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Chapter 6: Relational Databases and Sql
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Sample Questions
Q1) REA stands for ____________________, ____________________, and ____________________.
Q2) The ______________________________ specifies the degree of minimum participation of one entity in the relationship with the other entity.
Q3) The first step in REA is evaluating the attributes.
A)True
B)False
Q4) Legacy systems do not usually have which of the following characteristics?
A)developed on previous hardware (and/or software) platforms
B)are easily adaptable to enterprise systems
C)have been used by an organization for a long period of time
D)all of the above are typical characteristics of legacy systems
Q5) Relational integrity specifies that for every attribute in one relation that has been specified to allow reference to another relation, the tuple being referenced must remain intact.
A)True
B)False
Q6) ____________________ map and define the way in which data can be extracted from a database.
8
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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) A computer abuse technique called a ____________________ involves a program that replicates itself on disks, in memory, and across networks.
Q2) Risk assessment is best described by:
A)Internal and external events affecting achievement of an entity's objectives must be identified, distinguishing between risks and opportunities.
B)Management selects whether to avoid, accept, reduce, or share risk - developing a set of actions to align risks with the entity's risk tolerances and risk appetite.
C)The entirety of enterprise risk management is monitored and modifications made as necessary.
D)The likelihood and impact of risks are analyzed, as a basis for determining how they should be managed.
Q3) A batch of business events is accurately entered into a business event data, but the computer operator fails to use the data to update master data.This type of processing error would be classified as a(n) ____________________ error.
Q4) _________________________ are business process objectives that an internal control system is designed to achieve.
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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) The most common biometric devices perform retinal eye scans.
A)True
B)False
Q2) Top 10 security and privacy concerns reported by managers from 63 countries include all the following except:
A)disaster recovery/business continuity
B)the Internet
C)data backup
D)overall information security strategy
Q3) Which of the following control plans is not a retention control plan?
A)creative and challenging work opportunities
B)occasional performance evaluations
C)competitive reward structure
D)viable career paths
Q4) A mechanism by which a company is reimbursed for any loss that occurs when an employee commits fraud is called a:
A)segregation of duties
B)fidelity bond
C)personnel planning control
D)termination control plan
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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 report generated by a system that shows data about transactions that were accepted or rejected during a transaction processing step is called a(n):
A)violation report
B)exception and summary report
C)variance report
D)program change log
Q3) The two primary steps in preparing the control matrix include
A)specifying control goals, identifying recommended control plans
B)specifying control plans, specifying input goals
C)specifying the control environment, identifying information process goals
D)specifying control procedures, identifying process goals
Q4) The most error-prone and inefficient step in an operations or information process is
Chapter 10: The Order Entrysales Oes Process
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128 Flashcards
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Sample Questions
Q1) The OE/S process addresses the decision needs of managers of various sales and marketing functions through the use of:
A)vertical information flows
B)horizontal information flows
C)both vertical and horizontal information flows
D)neither vertical nor horizontal information flows
Q2) When a customer service representative enters data into the OE/S system, the first screen prompt is usually for the customer number.
A)True
B)False
Q3) CRM software is designed to manage all the data related to customers, such as marketing, field service, and contact management data.
A)True
B)False
Q4) A customer acknowledgement is sent to the billing department to notify them of a pending shipment.
A)True
B)False
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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) The billing system in which the invoice is prepared after goods have been shipped and the sales order notification has been matched to shipping's billing notification is called a:
A)post-billing system
B)open-item system
C)pre-billing system
D)balance-forward system
Q2) A(n) _____________________________________ is an information systems extension that allows a customer to complete an inquiry or perform a task within an organization's business process without the aid of the organization's employees.
Q3) Typically, the operations process goals of the B/AR/CR:
A)vary, depending on whether we are dealing with the functions of billing, accounts receivable, or cash receipts
B)remain the same when dealing with the functions of billing, accounts receivable, or cash receipts
C)vary inversely with the information process goals
D)are the same as the information process goals
Q4) The acronym EFT stands for
Q5) Funds on deposit and available are known as ____________________ funds. Page 13
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Page 14
Chapter 12: The Purchasing Process
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131 Verified Questions
131 Flashcards
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Sample Questions
Q1) Whereas a receiving report normally indicates that goods have been received, some organizations use an acceptance report to acknowledge formally the satisfactory completion of a service contract.
A)True
B)False
Q2) To prevent duplicate PO requests and to allow the requesting department to ensure that a purchase order has been created, the purchasing department should
Q3) In a purchasing process, the receiving report may be accessed by all of the following except:
A)accounts payable department
B)cashier
C)warehouse
D)requesting department
Q4) Who usually authorizes a purchase requisition?
A)the supervisor of the requisitioning department
B)the purchasing manager
C)a purchasing agent
D)a customer
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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 a relational table for VALID_INVOICES, the primary key would be the ______________________________.
Q2) Which of the following is designed to reflect the formal approval of the voucher for payment?
A)a vendor invoice
B)an RFQ
C)a payment voucher
D)a disbursement voucher
Q3) Data flows of an AP/CD process normally might include all of the following except:
A)PO accounts payable notification
B)sales report
C)receiving report
D)vendor invoice
Q4) __________________________________________________ are B2B systems that combine e-invoicing and e-payment processes to send invoices to electronic invoices to customers and to receive electronic payments.
Q5) The AP process that uses vendor invoices for inputs updates the ______________________________ master data.
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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) In a imprest system, the bank account is reimbursed for the exact amount of the disbursements made from the fund, rather than being reimbursed for round amounts.
A)True
B)False
Q2) The employee wage and tax statement is known as a ____________________.
Q3) Which of the following is false regarding the payroll process?
A)it supports the repetitive work routines of the payroll process
B)because payroll is a key competency, it typically does not make sense to outsource this process
C)it maintains data for payroll taxes and fringe benefits
D)moving from bi-weekly to monthly payroll can reduce costs by 30 to 50 percent
Q4) According to the HRM flowchart, the employee/payroll data is stored in the enterprise database.
A)True B)False
Q5) For good internal control, there should be a ___________________________________ between personnel data creation/modification, payroll preparation, and disbursement of the checks.
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Q6) Internal audit usually reports to the ______________________________.
Chapter 15: Integrated Production Processes IPP
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106 Verified Questions
106 Flashcards
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Sample Questions
Q1) The Level 0 data flow diagram for the integrated production process includes all of the following process bubbles except
A)design product and production processes
B)generate master distribution schedule
C)determine needs for materials
D)record manufacturing events
Q2) Which of the following statements is true?
A)Japanese companies have accomplished much in the area of production process innovation, mainly by switching from pull to push manufacturing.
B)Cellular manufacturing organizes machines by department.
C)Adopting the pull approach to manufacturing requires an increase in floor space.
D)In the push approach to manufacturing, the sales forecast drives the production plan and goods are produced in large batches.
Q3) The ________________________________________ process uses the information from the master production schedule and the time-phased order requirements schedule to develop detailed machine and labor use schedule based on available capacity.
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Chapter 16: General Ledger and Business Reporting Glbr Process
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Sample Questions
Q1) The intent of Sarbanes Oxley is to protect the company by improving the accuracy and reliability of all disclosures.
A)True
B)False
Q2) The managerial reporting officer is responsible for reporting GAAP financial statements.
A)True
B)False
Q3) Which person has responsibilities similar to those of the financial reporting officer?
A)Controller
B)Treasurer
C)managerial reporting officer
D)internal auditor
Q4) The ______________________________ comprises accumulating, classifying, and recording data, fueling the financial reporting, business reporting, and other reporting subsystems.
Q5) TB Figure 16.3 is a Level zero DFD for the GL/BR process.Required: Explode bubble 4.0, for the "Prepare Business Reports" process into a level 1DFD
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Q6) Sarbanes-Oxley Section 401 covers ____________________ in financial reports.
Chapter 17: Acquiring and Implementing Accounting Information Systems
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206 Verified Questions
206 Flashcards
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Sample Questions
Q1) The type of maintenance that is conducted to improve the performance of an application is referred to as:
A)preventive
B)perfective
C)adaptive
D)corrective
Q2) The project completion report will include all of the following except:
A)summary of requirements satisfied by the new system
B)request for proposals
C)estimated and actual duration of each development stage
D)system documentation
Q3) As agents of management and the board of directors, ____________________ ensure that the acquisition team has followed the organization's standard procedures for systems acquisition and that the process has been efficient and effective.
Q4) Checking to see if the new system is doing what it is supposed to do is part of
A)systems implementation
B)systems maintenance
C)post-implementation review
D)systems operation