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Study Resources (Accounting)

66. Describe a major advantage of database systems over file-oriented transaction processing systems. 67. What is the difference in logical view and physical view? 68. Describe the different schemas involved in a database structure. What is the role of accountants in development of schemas? 69. Describe a data dictionary.   .
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88. Describe the differences between general and specific authorization. 89. Explain how a company could be the victim of fraud, even if ideal segregation of duties is enforced. 90. Classify each of the following controls as preventive, detective, or corrective. Periodic bank reconciliation Separation of cash and accounting records Maintaining backup copies of master.
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41. Which of the statements below is incorrect? A. Semantic data modeling facilitates the efficient design of databases. B. Semantic data modeling facilitates communicating with the intended users of the system. C. Semantic data modeling allows a database designer to use knowledge about business processes to design the database. D..
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11. The logical structure of a database is described by the A. data dictionary. B. schema. C. database management system. D. internal level. 12. The schema that provides an organization-wide view of the entire database is known as the A. external-level schema. B. internal-level schema. C. conceptual-level schema. D. logical view.
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41. Which of the following is not one of the eight interrelated risk and control components of COSO Enterprise Risk Management Framework? A. Internal environment B. Monitoring C. Risk response D. Event assessment 42. The COSO Enterprise Risk Management Integrated Framework stresses that A. risk management activities are an inherent part of all business operations and.
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11. Which of the following statements is true? A. Internal auditors, rather than external auditors, can conduct evaluations of effectiveness of Enterprise Risk Management processes. B. Re-adding the total of a batch of invoices and comparing the total with the first total you calculated is an example of an independent check. C. Requiring.
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80. Chagall Curtain Company is changing from a file-oriented system to a relational database system. Design at least three tables that would be needed to capture data for a sales transaction. Each table should include a primary key, three non-key attributes, and foreign keys as necessary. Make up data values.
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1. The Trust Services Framework reliability principle that states that users must be able to enter, update, and retrieve data during agreed-upon times is known as A. availability. B. security. C. maintainability. D. integrity. 2. Which of the following is not a useful control procedure to control access to system.
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1. Graphical representations of information are often supplemented by A. product specifications. B. narrative descriptions. C. logic charts. D. oral descriptions from management. 2. The correct label for Shape 1 in the flowchart below is   A. Purchase Order 2 B. Purchase Requisition 1 C. Accounts Payable Trial Balance D. 2 3. The correct label for.
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92. Explain why the Foreign Corrupt Practices Act was important to accountants. 93. Discuss the internal environment and identify the elements that comprise the internal environment. 94. Explain why management's philosophy and operating style are considered to be the most important element of the internal environment.   .
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21. Which of the following is not a reason for the increase in security problems for AIS? A. Confidentiality issues caused by interlinked inter-company networks B. Difficult to control distributed computing networks C. Increasing efficiency resulting from more automation D. Increasing numbers of information systems and users 22. One reason why many organizations do not.
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81. Change management refers to A. disbursement controls on petty cash. B. operational controls applied to companies after mergers or acquisitions. C. replacement of upper management and their introduction to the organization. D. controls designed to ensure that updates in information technology do not have negative consequences. 82. The Director of Information Technology for the.
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11. Which of the following is not a true statement? A. Documentation tools save an organization both time and money. B. Documentation tools are used extensively in the systems development process. C. Data flow diagrams and flowcharts are the two most frequently used systems development documentation tools. D. Data flow diagrams and flowcharts.
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70. Discuss the ways in which information professionals interact with documentation tools and the various levels of understanding necessary. 71. Explain two reasons why it is important to have a working knowledge of DFDs and flowcharting. 72. What does the Sarbanes-Oxley Act require that is relevant to documentation tools? 73. Describe.
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31. ________ controls prevent, detect and correct transaction errors and fraud. A. Application B. Detective C. General D. Preventive 32. The primary purpose of the Foreign Corrupt Practices Act of 1977 was A. to require corporations to maintain a good system of internal control. B. to prevent the bribery of foreign officials by American.
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31. The fraud that requires the least computer knowledge or skill involves A. altering or falsifying source data. B. unauthorized use of computers. C. tampering with or copying software. D. forging documents like paychecks. 32. The simplest and most common way to commit a computer fraud is to A. alter computer input..
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82. Following is a context diagram for a current Payroll Processing System. a. Identify the data sources and destinations, data flows, and transformation process marked by question marks. b. What would you need to do to explode this diagram?   83. Identify the mistake(s. in each flowchart segment.   .
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11. SAS No. 99 requires that auditors A. plan audits based on an analysis of fraud risk. B. detect all material fraud. C. alert the Securities and Exchange Commission of any fraud detected. D. take all of the above actions. 12. Which of the following is not a management characteristic that increases pressure to commit.
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1. Using a file-oriented approach to data and information, data is maintained in A. a centralized database. B. many interconnected files. C. many separate files. D. a decentralized database. 2. In a well-structured relational database, A. every table must be related to at least one other table. B. every table must be.
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67. What is the purpose of source documents? What controls are embedded in source documents? Give two examples of source documents. 68. Describe an audit trail. 69. Explain how data is organized and stored in an AIS. 70. Describe the basic cycles and business activities for a typical merchandising company. 71..
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70. Explain the types of attributes that tables possess in a relational database. 71. Explain the two advantages semantic data modeling has over normalization when designing a relational database. 72. Explain the difference between file-oriented transaction processing systems and relational database systems. Discuss the advantages and disadvantages of each system..
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51. The SEC and FASB are best described as external influences that directly affect an organization's A. hiring practices. B. philosophy and operating style. C. internal environment. D. methods of assigning authority. 52. Which attribute below is not an aspect of the COSO ERM Framework internal environment? A. Enforcing a written code of conduct B..
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11. Which of the following is an example of a corrective control? A. Physical access controls B. Encryption C. Intrusion detection D. Incident response teams 12. Which of the following is not a requirement of effective passwords? A. Passwords should be changed at regular intervals. B. Passwords should be no more than 8 characters in length. C. Passwords.
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61. A ________ is created to guide and oversee systems development and acquisition. A. performance evaluation B. project development plan C. steering committee D. strategic master plan 62. A ________ shows how a project will be completed, including tasks and who will perform them as well as a timeline and cost estimates. A. performance evaluation B. project.
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31. Telefarm Industries is a telemarketing firm that operates in the Midwest. The turnover rate among employees is quite high. Recently, the information technology manager discovered that an unknown employee had used a Bluetooth-enabled mobile phone to access the firm's database and copy a list of customers from the past.
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