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Study Resources (Accounting)

9) What are the main functions of an accounting system? 10) What type of IT professionals are involved in the design and development of the accounting system? 11) Why do accountants need to know about the processes IT professionals use for system development? 12) What type of technology is typically used in an.
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Match the normalization rule to the appropriate definition. A) No field can have multiple values. B) The table identifier (primary key) should not be a composite key. C) Every identifier should be a candidate 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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11) In which phase of the SDLC is a need identified that a new system would address? A) Design B) Analyze C) Build D) Plan 12) Which phase in the SDLC typically takes the longest? A) Buy/Build B) Deploy C) Plan D) Design 13) Which activity is a cross-life-cycle activity? A) Testing B) Presentations C) Documentation D) B and C 14) Which of the activities.
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21) How can a risk management philosophy provide consistency in risk attitudes throughout an organization? A) By anticipating all possible risks B) By providing event specific examples C) By being well-developed and articulated D) By setting employee expectations 22) Strategic objectives, also called ________, establish an organization's purpose. A) Mission B) Goal C) Vision D) A and C 23) Strategic.
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11. Data must be collected about three facets of each business activity. What are they? A. the business activity, the resources it affects, the people who participate B. the business activity, the transactions it creates, the impact on the financial statements C. the inputs, outputs and processes used D. who is involved, what was.
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77. How can the value of the information produced by an accounting information system be determined? What would a measurement and verification expert think about quantification and verification of such information? 78. Why have accounting software packages been designed with separate transaction modules? 79. How are "Give and Take" transactions.
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10) What control objectives are met by storing spreadsheets on a network server? How are these objectives met? 11) The company where you work is implementing risk management for spreadsheets. This includes adding a user log and change log to each spreadsheet. A co worker complains to you about having this.
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11) Which software methodology more closely reflects the methodology used in practice today for most systems development? A) Prototyping methodology B) ABC methodology C) Spiral methodology D) Waterfall methodology 12) Which of the following is an advantage of the ABC methodology of software development over the waterfall methodology? A) It more closely reflects the methodology used.
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21) A ________ analysis identifies any difference between the specifications of the baseline accounting system and the enterprise-specific user requirements. 22) According to Weatherbe's PIECES framework for problem analysis, a problem that relates to system issues, such as system availability, is classified as a ________ problem. Match the category in Weatherbe's.
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Match the design feasibility name to the appropriate definition. A) Assesses whether the new system IT architecture can interact with the existing IT architecture that will remain in use B) Evaluates whether the current IT personnel and enterprise users can run the new system hardware and software C) Assesses the probability of successful.
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Match the database realm to the appropriate activity. A) Update data B) Create database tables C) Create database model 20) Database designer realm 21) Database builder realm 22) Database user realm 23) Which database architecture is typically used for operational databases? A) Dimensional B) XBRL C) Relational D) Network 24) Which database architecture is typically used for data warehouses? A) Dimensional B) XBRL C) Relational D).
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31. The general ledger 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. 32. A subsidiary ledger A. is.
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39) How many times does the deploy phase occur in the ABC methodology of software development? A) 0 B) 3 C) 1 D) 2 40) Which category in Weatherbe's PIECES framework relates to confidentiality, integrity (accuracy and completeness), or availability of data? A) Information problem B) Control problem C) Efficiency problem D) Performance problem 41) Which category in Weatherbe's PIECES.
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41. In Petaluma, California, electric power is provided to consumers by the Power To The People Electrical Company (PTTP., 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.
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11) ________ depicts the relationship among entities in the database. 12) A specific customer, such as Vincent, is an entity ________. 13) All the entity identifiers that uniquely identify the entity are called ________ keys in the database builder realm. 14) In a one-to-many relationship in an ERD, the entity.
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51. Which of the following is a true statement? A. Business strategy directly influences AIS, but not information technology. B. Information technology directly influences organizational culture, but not business strategy. C. Organizational culture directly influences business strategy, but not AIS. D. AIS directly influences information technology, but not business strategy. 52. The transaction cycle that.
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Objective 4 1) In SQL, Data Definition Language statements select, insert, update, and delete database records. 2) SQL DML statements are used to build queries required for accounting and financial applications. 3) ________ is a fourth generation, nonprocedural language designed to define and manipulate relational database objects. 4) In SQL, ________.
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Objective 4 1) Sustainability practices offer a solution to reduce risk. 2) Effective implementation of ERM requires a robust discussion of the potential impact of not mitigating risks and the likelihood that the risk will impact the organization. 3) ________ practices offer a solution to reduce risk. 4) Focusing on ________ operations reduces.
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31. Inventory information is provided in real time by a firm's accounting information system. The accuracy of this information is questionable, however, since the production manager often reports stock outs of components that the system indicates are in stock. Which of the following characteristics of useful information is absent in.
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21. The general ledger account that corresponds to a subsidiary ledger account is known as a A. dependent account. B. attribute account. C. entity account. D. control account. 22. Pre-numbered checks, invoices, and purchase orders are examples of A. sequence codes. B. block codes. C. group codes. D. mnemonic codes. 23. A chart of.
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Objective 2 1) An entity occurrence describes a property of the entity (an object or event). 2) Entity identifiers are attributes that uniquely identify an entity occurrence. 3) For a single occurrence of one entity (one customer), cardinality defines the maximum and minimum number of occurrences that might relate to the other entity.
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Objective 1 1) Well-designed databases and queries determine whether accounting professionals are able to retrieve accurate accounting data. 2) The database design impact how well the database serves the needs of the enterprise. 3) The database integrity rule Referential Integrity states that field values must be from a predefined domain. 4) The database integrity.
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Objective 4 1) The SDLC provides a common language for communicating with programmers, system analysts, database administrators, and other IT professionals engaged in accounting system development. Answer:  TRUE 2) The plan phase of a SDLC involves designing new system models to satisfy user requirements, either by creating a new model or by.
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21. In value chain analysis, what is the activity of arranging the delivery of products to customers called? A. outbound logistics B. inbound logistics C. shipping D. delivery 22. An AIS provides value by A. improving products or services through information that increases quality and reduces costs. B. providing timely.
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Objective 1 1) Accounting professionals are often the end users of the accounting system. 2) Database developers design and write the software for applications, such as accounting software. 3)  System development life cycle is the order and timing of when the SDLC phases are completed. 4) ________ uses techniques to organize and streamline.
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11) Database modeling consists of preparing a pictorial representation of the accounting database. 12) Design feasibility includes operational, economic, technical, schedule, cultural, and risk feasibility of the proposed IT architecture for the new system. 13) Economic feasibility assesses the probability of successful implementation and use of the new system, including any.
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Objective 3 1) The system development life cycle lists what steps to complete. 2) The waterfall methodology of software development consists of two stages: Baseline and Customization. 3) In the prototyping methodology of software development, all the user requirements are gathered and analyzed before the product is built. 4) A ________ determines the specific.
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45) Your company is replacing the accounting system in the purchasing department. As a member of accounting department, you are assigned to the planning committee for the project. Your primary responsibility is to ensure the project does not go over budget. At the first planning meeting you discover the planing.
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51. The coding technique most likely used for sales orders is called a A. group code. B. block code. C. data code. D. sequence code. 52. Data processing includes all of the following except A. verifying subsidiary ledger balances. B. changing customer addresses. C. removing inventory items no longer offered. D. adding the name of a new vendor. 53. Which.
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11) The ________ database structure is used by data warehouses. 12) ________ is a piece of information about events and objects. 13) Database anomalies are removed through ________ and/or database modeling. 14) The database ________ creates the database model. 15) The database ________ creates the database. Match the database integrity rule to the.
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