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Study Resources (Accounting)

Chapter 1 MULTIPLE CHOICE 1.A set of two or more interrelated components that interact to achieve a goal is: a)A system b)An accounting information system c)Data d)Mandatory information 2.This results when a subsystem achieves its goals while contributing to the organization's overall goal. a)Goal conflict b)Goal congruence c)Value of information d)Systems congruence 3.Goal conflict may result when a)A decision or action of a.
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ESSAY 101.Describe the basic business activities and transactions for a typical merchandising company. 102.Coding systems are used throughout accounting information systems.  Describe some useful guidelines that will result in a better coding system. 103.In accounting and AIS, what is the relationship between the general and subsidiary ledgers? .
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61."TasaMamaq!" is a New York restaurant that specializes in the cuisine of Greenland. In addition to prawns, seal, and halibut prepared in the traditional style, the restaurant offers a signature dish of braised sea urchin with fermented herring that is truly unique. Which of the following best describes the strategy.
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41.A general journal a)is used to record infrequent or non-routine transactions. b)simplifies the process of recording large numbers of repetitive transactions. c)records all detailed data for any general ledger account that has individual sub-accounts. d)contains summary-level data for every account of the organization. 42.The general ledger a)is used to record infrequent or non-routine transactions. b)simplifies.
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Which symbol would be used in a flowchart to represent a computer process? a)       #1 b)       #2 c)       #5 d)       #15 Which symbol would be used in a flowchart to represent a decision? a)       #10 b)       #16 c)       #9 d)       #6 Which symbol would be used in a flowchart to.
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71.Razzmataz, Wisconsin, is a popular tourist destination. During the winter months, the population dwindles to a meager few, but when summer comes, the size of the town surges. Chuck Hewitt is the town sanitation engineer. When the size of the town surges, so do his responsibilities. Among them is management.
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31.A chart of accounts is an example of (select all that apply) a)sequence codes b)block codes c)group codes d)hierarchical codes 32.Inventory items are often coded with these a)sequence codes b)block codes c)group codes d)hierarchical codes 33.A listing of general ledger accounts by account number is called the a)chart of accounts. b)listing of accounts. c)trial balance. d)subsidiary accounts. 34.Regarding codes,.
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The Union Soup Kitchen is a non-profit organization that collects, stores, prepares and provides food to the homeless in Erie, Pennsylvania. Donations of food are recorded in a database and a receipt is provided to the donor. When food is used, the database is updated so that it always reflects.
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Chapter 2 MULTIPLE CHOICE 1.An agreement between two entities to exchange goods or services or any other event that can be measured in economic terms by an organization is a)give-get exchange b)transaction c)revenue d)processing cycle 2.Groups of related business activities such as the acquisition of merchandise and payment of vendors are called a)transaction cycles. b)economic cycles. c)business.
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11.The benefit produced by the information minus the cost of producing it. a)Goal congruence b)Information c)Information overload d)Value of information 12.An accounting information system (AIS) processes __________ to provide users with __________. a)data; information b)data; transactions c)information; data d)data; benefits 13.How many components are found in an AIS? a)three b)four c)five d)six 14.An accounting information system in.
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SHORT ANSWER 81.Define the concept of a system. 82.Define data, information, and how the value of information is determined. 83.Define an accounting information system. 84.Identify the components of an accounting information system. 85.What is the CITP designation and why is it important to AIS? .
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In a DFD, a square box represents a)       data sources and destinations. b)       data flows. c)       transformation processes. d)       data stores. In a DFD, a "data sink" is also known as a)       data stores. b)       transformation processes. c)       data flows. d)       data destinations.   In a DFD, an arrow represents a)      .
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Chapter 4 MULTIPLE CHOICE 1.What is the most popular type of database? a)hierarchical b)relational c)object-oriented d)network 2.Using a file-oriented approach to data and information, data is maintained in a)a central database. b)many interconnected files. c)many separate files. d)a decentralized database. 3.File-oriented approaches create problems for organizations because of a)multiple transaction files. b)a.
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21.Common source documents for the revenue cycle include all of the following except a)sales order. b)receiving report. c)delivery ticket. d)credit memo. 22.Which of the following documents would be found in the expenditure cycle? a)delivery ticket b)time card c)journal voucher d)purchase order 23.Businesses usually use some type of documents in the data input.
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71.In Petaluma, California, electric power is provided to consumers by the Power To The People Electrical Company, a local co-op. Each month PTTP mails bills to 70,000 households and then processes payments as they are received. What is the best way for this business to ensure that payment data entry.
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Following is a context diagram for a current Payroll Processing System.  ) Identify the data sources and destinations, data flows, and transformation process marked by question marks.  ) What would you need to do to explode this diagram? Four flowcharts have been provided for the following descriptions.  Identify the mistake(s).
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In creating DFDs, a context diagram a)       Includes major transformation processes. b)       Depicts systems boundaries. c)       Is not necessary. d)       Is very detailed. In a payroll processing DFD, the "prepare reports" activity will be represented by __________, the "employee payroll file" will be represented by __________, and the "bank" will be represented by __________..
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31.The primary focus of an AIS course, as opposed to other IS courses, is on a)application of information technology. b)use of accounting software. c)understanding how information technology can be used to improve AIS processes. d)preparation of financial statements. 32.The AIS must include controls to ensure a)safety and availability of data..
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Match the normalization rule to the appropriate definition. A) No field can have multiple values. B) Every identifier should be a candidate key C) The table identifier (primary key) should not be a composite key. 22) Rule 1: First Normal Form (1NF) 23) Rule 2. Second Normal Form (2NF) 24) Rule 3. Boyce-Codd Normal Form (BCNF) 25).
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A data flow diagram (or DFD) has four basic elements.  The people and organizations that send data to and receive data from the system are known as a)       data sources and destinations. b)       data flows. c)       transformation processes. d)       data stores. In general, a data destination will be shown by a)      .
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81.Many small businesses choose to outsource their payroll activities to firms that specialize in providing payroll services. Dolores Yu operates a payroll processing business in Calabasas, California. When she prints and delivers payroll checks to her clients, her work is part of her firm's a)revenue cycle. b)expenditure cycle. c)financing cycle. d)production cycle. 82.Hector Sanchez works.
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11.The transaction cycles relate to one another and interface with this to generate information for both management and external parties. a)general ledger and reporting system b)accounting information systems c)computer processor d)human resources cycle 12.Many modern accounting software packages offer separate transaction cycle modules.  What is the reason for this? a)Every organization does not need to.
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11) In the REA model, the ________ event consumes business resources. A) Purchasing B) Buying C) Giving D) Taking 12) In the REA model, the ________ event compensates the consumed resource with a different or same type of resource. A) Purchasing B) Buying C) Giving D) Taking 13) Which REA diagraming rule states every event entity must relate to.
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11) Which of the following SQL commands specifies the filter condition of an SQL statement? A) Where B) From C) And D) Select 12) What is the difference between a procedural programming language and a non-procedural programming language? 13) Besides retrieving data from a relational database, what else can you do with SQL statements? 14) Using the.
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41) What are the steps for designing an ERD? 42) List the ERD design steps that are independent of the database structure. 43) List the ERD design steps that are dependent on the database structure. Step 7: Add business-related attributes to the ERD. Step 8: Implement relationships. Step 9: Develop relational database tables. 44) List and.
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ESSAY 92.Discuss the concept of a system and the issues of goal conflict and goal congruence. 93.Discuss the seven characteristics of useful information. 94.Explain what an AIS is, describe the basic tasks it performs in an organization, and give some examples of the types of accounting transactions it processes. .
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61.A formal expression of goals and objectives in financial terms is called a(n) a)mission statement. b)strategic plan. c)budget. d)operational plan. 62.A projection of an organization's cash inflows and outflows is known as a(n) a)performance budget. b)operating budget. c)management budget. d)cash budget. 63.Identify an example of external source data that is.
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96.A well-designed data processing cycle should collect data connected with three facets of business activity.  Name the three facets. 97.Source documents are usually generated in the process of conducting common business activities.  Name a source document connected with the revenue cycle. 98.Source documents are usually generated in the process of.
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SHORT ANSWER 90.How are "Give and Take" transactions classified in business today and what impact does this have on AIS? 91.Name the major transaction cycles. 92.What is the purpose of source documents?  What controls are embedded in source documents?  Give two examples of source documents. .
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22.An accounting information system must be able to perform which of the following tasks? a)collect transaction data b)process transaction data c)provide adequate controls d)all of the above 23.Which of the following is not an example of a common activity in an AIS? a)buy and pay for goods and services b)sell goods.
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CH 3 MULTIPLE CHOICE The narratives, diagrams, charts, and other written materials that explain how a system works are collectively called a)       documentation. b)       data flows. c)       flowcharts. d)       schema. One popular means of documenting a system is to develop diagrams, flowcharts, tables, and other graphical representations of information. These are often.
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Objective 4 1) In SQL, Data Definition Language statements create, alter, and drop database objects. 2) SQL DML statements select, insert, update, and delete database records. 3) The SQL command ALTER changes the relational database, such as adding a new field to a specific table. 4) The SQL command DROP deletes a database.
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51.Concerning a master file, which of the following statements is false? a)It is conceptually similar to a ledger in a manual AIS. b)It stores cumulative information about an organization's resources. c)It exists across fiscal periods. d)Its individual records are not changed. 52.Basic data storage concepts define both entities and attributes.  An entity is.
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86.Differentiate between an AIS course and other accounting courses. 87.Harvard professor Michael Porter contends that for a company to be successful in the long run it "must deliver greater value to customers or create comparable value at a lower cost, or do both" and suggests three strategic positions.  Describe these.
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