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ACC 340 Final Exam
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1.)  Which of the following is true?

An AIS must be computerized to be useful

An AIS always produces useful information

 An AIS always produces financial information

 none of these

 2.)        Which of the following is true about the terms “data” and “information” within the context of Chapter 1?

The terms are exactly the same

The terms are always exact opposites

Some “data” can also be “information”

none of these

3.)        Most AISs perform all of these functions except: 

Collect raw accounting data

Store accounting data for future uses

Process data into useful information

AISs perform all of these functions

 4.)        Which of the following is one of the five interacting components of an accounting information system?

Fuzzy logic

Testing

Certification

Procedures

Internet

 

5.)        A computer network spanning regional, national, or global areas best describes which of the following?

LAN

WAN

ESPN

DSL

ISDN

6.).       Documentation includes:

All flowcharts, narratives, and other written communications associated with the information system

All written communications associated with an accounting information system except flowcharts and data flow diagrams

All flowcharts, narratives, and other written communications associated with an accounting information system, except for program flowcharts, decision tables, and pseudocode

Flowcharts and data flow diagrams only

7.)        A system flowchart is a block diagram that:

Is used only by auditors

Is used primarily when document flowcharts cannot be used

Depicts the flow of computer systems in an organization

Depicts the flow of data through a computerized accounting information system

8.)    The financial accounting cycle ends with:

The production of financial statements

Closing journal entries

The production of an adjusted trial balance

Development of cash forecasts

 9.). Which of the following is not usually a design consideration in coding systems?

Consistency

Standardization

Government regulation

Plans for future expansion

 10.) The primary objective of a manufacturing organization’s production process is to:

Maintain inventories at a zero level

Convert raw materials into finished goods as efficiently as possible

Make sure that there are no product defects 

Maintain the documentation and report on an organization’s manufacturing process

 11.) Which of the following is not a concern of the financing process?

Effective cash management

Optimizing an organization’s cost of capital

Minimizing an organization’s borrowings

Projecting cash flows

 12.)      Business process reengineering efforts sometimes fail because:

Management gets too involved in the process

Management is too optimistic regarding its expectations from its implementation

Management support can never overcome employee resistance

Employees will never accept change

13.)   Resource Management Process includes which of the following?

Human resource management and fixed asset management

Human resource management, inventory management, and fixed asset management

Human resource management only

Personnel management, payroll management, and fixed asset management

 

 

14.)      All of these are reasons why we think that computer crime is rising except:

Some Internet web sites now instruct users how to perform certain types of computer abuse

More people now know how to use computers

Computer usage continues to grow

all of these are reasons

 15.)      Thwarting computer abuse can be enhanced by all of the following except:

Enlisting top-management support

Increasing employee awareness

Allowing only 10% of employees access to computers

Identifying computer criminals

 16.)      Three objectives of a company’s internal control system should be safeguarding assets, checking the accuracy and reliability of accounting data, and promoting operational efficiency.  A fourth objective of a company’s internal control system should be:

Preventing embezzlement of assets

Encouraging adherence to prescribed managerial policies

Avoiding the payment of overtime to company employees

Revising standards for production costs on a weekly basis

 17.)      The control environment is a component of a company’s internal control system that:

Influences the control awareness of a company’s employees

Stresses the development of control procedures in a company

Directly affects the accuracy and reliability of a company’s accounting data

Can be ignored when establishing a company’s internal control system

 18.)      The principal function of an accounting system's computerized controls is:

Detecting computer frauds

Preventing computer frauds

Encouraging programmer honesty

none of the above

 19.)      When a company is setting up its accounting information system, it is important for management to select:

A standard set of com­puter control mechanisms

Only those controls which appear to serve its needs

Controls whose benefits exceed their costs

b and c only

20.)      The four phases of the systems development life cycle end with this phase:

Analysis

Design

Implementation, follow-up, and maintenance

Development

21.)      According to the chapter, which of these comes closest in meaning to the term “systems approach?”

Narrow point of view

Broad point of view

Focus on achieving those goals important to computerized systems

Focus first and foremost on computerization

 22.)      The primary purpose of an internal audit is:

To verify the accuracy of a firm’s financial statements

To punish employees for inefficient performance

To meet the requirements of the accounting profession

To ascertain employee adherence to organizational policies and procedures

 23.) A computerized AIS is harder to audit than a manual system for all of the following reasons except:

The file information is not human readable

The volume of transaction records and master file records is usually much larger in computerized systems than in manual systems

An audit trail does not exist in a computerized AIS

Computerized systems often use remote real-time data processing, thus complicating the tracing of transaction records to their sources

 24.)      An advantage of an extranet is that:

It can disseminate information corporate-wide

It can be accessed by selected trading partners

Users can employ common web browsers to access information in them

all of the above

 

 

25.)     Those companies which prefer VANs to the Internet for implementing EDI do so for what main reason?

Cost - VANs are cheaper than the Internet

Speed - VANs are faster than the Internet

Security - VANs are thought to be more secure

Convenience - VANs are everywhere

 26.)     In the REA framework, which of these would be recorded as an “event?”

Hiring a new president of the company

Taking an initial sales order from a customer

Buying a piece of equipment for cash

all of these would be recorded as events

 27.)     In the REA framework, an account receivable would be classified as a(n):

Asset

Event

Resource

none of these

 28.)     In the context of databases, the term data redundancy refers to:

Storing the same information in several records

Repeating data on multiple reports

Using foreign keys which duplicate the values of primary keys

all of these are possible examples of data redundancy

 29.)     A disadvantage of database management systems is that:

They are not flexible

They cannot be implemented on microcomputers

They rarely support file inquiries

They are often machine dependent (e.g., not all DBMSs can run on all types of computers)

 30.)      The purpose of an input mask is to:

Disguise data when it is first input into a database

Transform data from alphabetic to numeric formats

Help users avoid data input errors

Hide sensitive data such as passwords onscreen

 

 

 

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  • ACC 340 Final Exam
    $15.00

    1.) Which of the following is true? An AIS must be computerized to be useful An AIS always produces useful information An AIS always produces financial information none of these 2.) Which of the following is true about the terms “data” and “information” within the context of Chapter 1? The terms are exactly the same The terms are always exact opposites Some “data

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