Info
Warning
Danger

Study Resources (Accounting)

True-False Questions 1.Controls that specifically encourage operating efficiency are often called preventive controls. 2.Controls that attempt to safeguard asset resources are often called detective controls. 3.For a specific internal control to be effective, both the preventive and the detective aspect of the control must exist and be interrelated. 4.Preventive and corrective controls are established.
19 Views
View Answer
96. Which of the following is true regarding ERP costs? a)Enterprise systems tend to be less costly than integrated accounting software b)Enterprise systems are always less costly than best of breed software solutions c)Costs associated with reassigned employees have nothing to do with the true cost of an enterprise system d)There may be many.
8 Views
View Answer
11.Block codes consist of a combination of a sequence code and a mnemonic code. 12.Group codes are very flexible in identifying accounting data. 13.A two-digit alphabetic code has many more different combinations of symbols than a numeric code. 14.The sales process begins with placing an order with a vendor. 15.The AIS should bill customers.
12 Views
View Answer
Short Answer Questions 63.Explain why forms have subforms. 64.Why is it important to design the layout for a report prior to creating the report? 65.What is the difference of a report based on a table and a report based on a query? 66.What is the difference between a control that is included on a.
7 Views
View Answer
Matching Questions For the following terms find the correct definition below and place the letter of that response in the blank space next to the term. Each definition is used only once – there are four terms that are not used. 52.  ______  business process 53.  ______  BPM software 54.  ______  BPO 55.  ______ .
9 Views
View Answer
45.   According to the text, all of the following are objectives of the human resource management process except: a)  Hiring, training, and employing workers b)Counseling employees on retirement and medical benefits c)Maintaining employee earnings records d)Reporting on payroll deductions 46.   According to the text, which of the following is an output of the human resource.
9 Views
View Answer
11. Internet connectivity is a software feature that is available only in enterprise resource planning software. 12. Supply chain management concerns an organization’s ability to interface with its customers and suppliers. 13. Integrated accounting software programs process accounting transactions only. 14. Low-end accounting software is unlikely to include features such as sample.
7 Views
View Answer
Short Answer Questions 69.Why would some companies choose to have payroll processed by an external service bureau? 70.What concepts are the "root" of lean production and lean manufacturing? 71.Identify three vertical market industries and list some unique needs they might have.   11.1 .
8 Views
View Answer
31.OLAP is notable for its “drill-down capability.” 32.Online analytical processing enables a computer system to display information that must be computed from the data stored in a database. 33.Pivot tables are powerful statistical tools, but allow the user little flexibility in selecting what data can be analyzed. 34.Object-oriented databases are used to.
7 Views
View Answer
53.The duties of cashier and accounts receivable bookkeeper should be separated. a)There are two cashiers.  At the end of a certain day, there is a sizable cash shortage; each cashier blames the other and it is impossible to fix responsibility b)A cash shortage is covered by overfooting (overadding) cash in transit.
5 Views
View Answer
30.The sales process begins with: a)Placing an order with a vendor b)A customer order for goods or services c)Production of goods or services d)Delivery of goods or services 31.The primary objective in processing revenues is to: a)Sell as many goods as possible b)Achieve timely and efficient cash collection c)Maximize an organization’s sales orders d)Only sell goods to customers who.
7 Views
View Answer
True-False Questions 1.Forms are the only method of entering data in a database. 2.Forms do not allow customized organization of the data they display. 3.It's usually easier to create a database form from scratch instead of using the Wizard. 4.Using Microsoft Access, the “PgUp” button can be used to access the.
9 Views
View Answer
40.All of the following are inputs (source documents) to the sales process except: a)  Sales order b)  Shipping notice c)  Remittance advice d)  allof the above are source documents to the sales process 41.Business organizations are recognizing the value of sales data and are purchasing software solutions to gather, maintain, and use these data to.
6 Views
View Answer
11.A report can combine the information from various tables in a database. 12.In Access, you can create a “report” that displays the name and address of only a single vendor. 13.A report must contain all the information found in the records of the underlying table on which it is based. 14.Calculated fields arenot.
7 Views
View Answer
95.Another word for “cleaning” the data in preparation for storing it in a data warehouse in order to ensure uniform accuracy is: a)Scrubbing b)Sanitizing c)Validating d)Coding 96.As a general rule, creating data warehouses is: a)Easy b)Habit forming c)Challenging but often worth the cost d)Challenging, and historically rarely worth the cost ? 97.  In Access, the terms “size,”  “data type,” and.
4 Views
View Answer
Matching Questions For the following terms find the correct definition below and place the letter of that response in the blank space next to the term. Each definition is used only once – there are four terms that are not used. 105. ______  scalable 106. ______  mashups 107. ______  hosted solution 108. ______  supply.
10 Views
View Answer
11.Operational audits are performed by a company’s internal audit staff. 12.The separation of duties control would not be violated if a company's cashier was also responsible for recording cash transactions. 13.The separation of duties control does not eliminate completely the possibility of embezzlement by employees. 14.The personnel subsystem has the important function of.
6 Views
View Answer
True-False Questions 1.Microsoft Access is an example of a database, not a database management system. 2. Microsoft Access is an example of a database management system, not a database. 3.  Microsoft Access uses a key symbol to identify the primary record key in a database table. 4. It is not possible.
20 Views
View Answer
True-False Questions 1.The human resource management process is the same thing as the payroll process. 2.The production process is only present in service organizations. 3.The primary objective of the production process is to minimize the use of raw materials in the production process. 4.An AIS’s cost accounting subsystem is an important part of the.
14 Views
View Answer
39.Manual forms, in terms of database form design, are: a)Archaic b)Used to guide the development of electronic forms c)Used to collect information electronically d)Used by many offices already 40.Forms are not capable of which of the following? a)Read-only display b)Auto-complete features c)Validating input d)Preventing all entry errors 41.A rule of thumb in industry is that the cost to correct an.
4 Views
View Answer
Multiple-Choice Questions 66.   Which of the following is considered an integrated software system? a)  Material requirements planning systems (MRP I) b)  Manufacturing resource planning systems (MRP II) c)  Enterprise resource planning systems (ERP) d)  all of the above 67. Integrated accounting software programs generally include all of the following, except: a)Graphic reporting capabilities b)Internet connectivity c)One standardized chart of.
7 Views
View Answer
11.Effective cash management is not an objective of the financing process. 12.Financial planning models are useful to financial managers in helping them to determine an optimal strategy for acquiring and investing an organization’s financial resources. 13.Deposit slips and remittance advices are examples of source documents associated with the financing process. 14.A cash budget.
8 Views
View Answer
43.If the same employee is responsible for authorizing a business transaction and recording the transaction in the accounting records, this indicates a weakness in which element of a company's internal control system? a)A good audit trail b)Separation of duties c)Internal review of controls d)Competent employees 44.Which of the following control procedures provides physical protection for.
4 Views
View Answer
Matching Questions For the following terms find the correct definition below and place the letter of that response in the blank space next to the term. Each definition is used only once – there are three terms that are not used. 57.  ______  enterprise asset management 58.  ______  BPM software 59.  ______  financing.
7 Views
View Answer
35.It is generally true of not-for-profit organizations that they: a)Are profit-oriented despite their name b)Are always evaluated using profit measures c)Are not governed by accounting standards d)Emphasize funds rather than income in their internal accounting systems 36.A major objective of professional service organizations is to: a)Decrease billable hours b)Increase billable hours c)Increase time spent training employees d)Bill customers as.
6 Views
View Answer
True-False Questions 1. “Integrated accounting software” means software that can interface with other corporate software such as CRM software. 2. “Integrated accounting software” means software that includes the major software modules needed by a business—e.g., accounts payable, accounts receivable, inventory, general ledger, and payroll.  3. Integrated accounting software is mostly available to.
11 Views
View Answer
Multiple-Choice Questions 25.The primary objective of a manufacturing organization’s production process is to: a)Maintain inventories at a zero level b)Convert raw materials into finished goods as efficiently as possible c)Make sure that there are no product defects d)Maintain the documentation and report on an organization’s manufacturing process 26.The largest expense item on a manufacturing organization’s income.
7 Views
View Answer
21.A DBMS is an efficient database table in third normal form. 22.When purchasing a new database management system, managers should focus on the system’s technological capabilities rather than its compatibility with current systems. 23.An example of a data type for a database record field is “text.” 24.An example of an input mask for.
6 Views
View Answer
41. Typically, BPR requires change management.  42. A business implementing an enterprise system should always conduct business process reengineering before putting in the new system. 43. It is not possible to implement an enterprise information system in less than one year. 44. Software and consultant selection precedes formulation of the project team.
8 Views
View Answer
33.Which of the following statements is true? a)The COSO report failed to define internal control b)The COSO report emphasized that an internal control system is a tool of management c)SAS 78 rejected the definition of internal control provided in the COSO report d)COBIT concluded that a company's management is not responsible for establishing.
4 Views
View Answer
Multiple-Choice Questions 23.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: a)Preventing embezzlement of assets b)Encouraging adherence to prescribed managerial policies c)Avoiding the payment of overtime to company.
4 Views
View Answer
86.The database of an ERP system is best described as: a)Limited b)Bolt-on c)Centralized d)Distributed ? 87. Which of the following business processes or functions is unlikely to be part of an enterprise system? a)Accounting/financing b)Human resources c)Manufacturing d)Sales or distribution e)all of the above are likely to be included in an enterprise system 88. Business process reengineering, as it relates to.
23 Views
View Answer
Short Answer Questions 119. How is “integrated accounting software” integrated? 120. Are all integrated accounting software packages alike?  If not, how do they differ? 121. What “cloud processing services” do vendors provide?  How are these useful to accounting software users? 122.What can an ERP system do that middle-market accounting software cannot. 123.  Are.
11 Views
View Answer
True-False Questions 1.A ledger is a chronological record of business events by account. 2.A company’s chart of accounts is used to organize its general ledger. 3.A cash disbursements journal is an example of a special journal. 4.Subsidiary ledgers are frequently maintained for accounts receivable and inventory accounts. 5.The first trial balance produced by an.
15 Views
View Answer
51. The term “spend management” refers to the ongoing process of limiting expenses to minimum levels.  52.An important advantage of ERP systems is that they are close to failure-proof. 53. An example of an intangible benefit of ERP systems is increased customer satisfaction. 54. An important drawback of an ERP.
8 Views
View Answer
Multiple-Choice Questions 55. All of the following are data types that you can assign to data fields when creating records in Microsoft Access except: a)Text b)Number c)Memo d)Percent e)all of these are legitimate data types 56. Microsoft uses this symbol to represent the “many” side of a “one-to-many” relationship: a)& b)N c)√ d)∞ 57. Using Microsoft Access, you create a “one-to-many”.
6 Views
View Answer
Multiple-Choice Questions 29.Which of the following is not a part of a form? a)A heading section b)A detail section c)A design section d)A navigation bar 30.Which of the following is not an advantage of form data entry over datasheet data entry? a) It is fast and efficient for data entry b) Accidental modification of adjacent records is not.
4 Views
View Answer
Multiple-Choice Questions 20.Which of the following is not one of the trial balances typically produced as part of the financial accounting cycle? a)Closing trial balance b)Unadjusted trial balance c)Adjusted trial balance d)Post-closing trial balance 21.A general ledger: a)Is a chronological listing of an organization’s transactions b)Is a listing of an organization’s transactions, organized by account c)Does not include.
7 Views
View Answer

Welcome Back!

ScholarOn has more then 20 Million answers, flashcards & more being added everyday!

or
Forgot?
Login
Don't have an account? Signup

Join ScholarOn

ScholarOn has more then 20 Million answers, flashcards & more being added everyday!

or
Signup
By registering, I agree to the Terms and Privacy Policies
Already have an account? Log in

Verify Your Email

Check your inbox & click on the link to activate your account.

Resend Email
Verification Mail Send Successfully. Please Check Your Email.

Forgot Password

Please enter your registered email to recieve the password reset link.

Send reset link
Already have an account? Log in
Did you know?

ScholarOn has more than 2 Million+ answers, textbook solutions & flashcards. Explore Now!

d
Let us boost your grade together!

Get 24/7 homework help from Experts

Let our knowledge be your backup

1

Submit your homework question or assignment

2

Receive a quote & Make the Payment

3

Sit Back & Relax to Earn Better Grades!

Drag files here or Browse your Device

Maximum file size 10MB
17,475 Accounting Questions Answered! Get Answer

We are The Best Because

  • On Time Delivery
  • Plagiarism ReportFree
  • Unlimited RevisionsFree
  • 100% Privacy & Confidential
  • 24/7 Live Chat Support
4.9 (16196 Ratings)
You can communicate directly with your expert until the solution quality is delivered to your complete satisfaction.
Looking for writing help?
Did you know?

ScholarOn has more than 2 Million+ answers, textbook solutions & flashcards. Explore Now!