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21.  An organization paid for a six-month insurance policy in November. At the end of December, the organization should make an adjusting entry for: a.Depreciation.b.An accrued expense.c.A prepaid expense.d.Uncollectible accounts. 22.  Which of the following best explains "transaction limits" as an internal control? a.Two signatures are required on all checks.b.A bank teller.

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  • 21.  An organization paid for a six-month insurance policy in
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31.  Which of the following requires the most human judgment? a.Accounting.b.Bookkeeping.c.Posting.d.Journalizing. 32.  Which of the following requires the least human judgment? a.Accounting.b.Bookkeeping.c.Making estimates.d.Preparing financial statements. 33.  Which of the following best demonstrates an "informed judgment" as the term is used in the a. American Accounting Association's definition of accounting? a.Deciding whether to debit or.

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  • 31.  Which of the following requires the most human judgment? a.Accounting.b.Bookkeeping.c.Posting.d.Journalizing.
  • Accounting
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55.  Information evaluation criteria  -  Bumble Beasley took two introductory accounting courses as part of his college degree; his major was engineering. He started his own engineering consulting company and later published an article in an engineering journal titled "The Relationship between Engineering and the FASB Conceptual Framework." The article,.

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  • 55.  Information evaluation criteria  -  Bumble Beasley took two introductory
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21. The relationship between accounting information systems and information technology is most clearly shown by: (i) using debits and credits to record transactions, (ii) incorporating journals and ledgers as processing tools. a.i only.b.ii only. c.Both i and ii.d.Neither i nor ii. 22.  Problems in accounting information systems are often less likely to.

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  • 21. The relationship between accounting information systems and information technology
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11. Which type of coding system helps users remember the meaning of the code? a.Sequential.b.Hierarchical.c.Mnemonic.d.Block. 12.  ___ codes are a more sophisticated form of ___ codes. a.Block, hierarchical.b.Block, mnemonic.c.Mnemonic, sequential.d.Hierarchical, block. 13. Human judgment is important in the accounting cycle for: a.Preparing a trial balance.b.Recognizing recordable transactions.c.Filling out source documents.d.Posting transactions to the.

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  • 11. Which type of coding system helps users remember the
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FILL-IN-THE-BLANK QUESTIONS 31.__________ auditors commonly undertake audits that are reviewed and relied upon by __________ auditors. 32.When batch processing was the dominant method used in computerized data processing, the __________ approach provided an adequate audit. 33.A clear and obvious benefit is obtained from the __________ analysis capability provided by information technology. 34.The __________ __________.

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  • FILL-IN-THE-BLANK QUESTIONS 31.__________ auditors commonly undertake audits that reviewed and relied
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Problems: 51.  AIS definition  - Use terms from the following list to fill in the blanks in the definition of accounting information systems: ActivitiesDataDecision makersDiverseDocumentsInformationInterrelatedTechnologies An accounting information system is a set of ___ ___, ___ and ___ designed to collect ___, process it and report ___ to a ___ group of internal.

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  • Problems: 51.  AIS definition  - Use terms from the following list
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MULTIPLE-CHOICE QUESTIONS 46.“Auditing with the computer”: a.  is only performed by external auditors b.  involves activities related to compliance testing c.  is only performed by internal auditors d. involves activities related to substantive testing of account balances 47.“Auditing through the computer” refers to: a.  substantive tests b.  compliance tests c.  transaction tests d.  application control tests 48.An interim audit: a.  consists only.

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  • MULTIPLE-CHOICE QUESTIONS 46.“Auditing with the computer”: a.  only performed by external auditors b. 
  • Accounting
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31.  Which of the following is the best example of "information" as the term is used in "accounting information systems?" a.Rules of debit and credit.b.Budgets.c.Conceptual framework of accounting.d.Source documents. 32.  The "information" in an accounting information system should be: (i) timely, (ii) truthful, (iii) reliable. a.i and ii only.b.ii and iii only.c.i and.

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  • 31.  Which of the following the best example of "information"
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MATCHING QUESTIONS 101.Presented below is a list of terms relating to accounting information systems, followed by definitions of those terms. Required:  Match the letter next to each definition with the appropriate term. Each answer will be used only once. _____  1. DBA _____  2. Inheritance _____  3. Occurrence _____  4. Branch _____  5. Database model _____  6. Record _____ .

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  • MATCHING QUESTIONS 101.Presented below a list of terms relating to accounting
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86.The cost of processing per transaction in a high-activity environment is the lowest in which of the following file organization techniques? a.  Indexed b.  Sequential c.  Direct d.  Indexed-sequential 87.Response time is affected by: a.  disk access time b.  how data records are physically distributed on the disk c.  the database management system but not the operating system d. .

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  • 86.The cost of processing per transaction in a high-activity environment
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41.  Source documents in an accounting information system include sales invoices, purchase orders and: a.Bank statements.b.Reports of projected stock prices.c.Evaluations of accounting staff.d.Currency and coin. 42.  Internal controls such as ____ help promote information reliability in the accounting information system. a.Financial statements.b.Bank reconciliations.c.Budgets.d.Computers. 43.  The web site for Dell Computers is an example of.

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  • 41.  Source documents in an accounting information system include sales
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56.Four records have the record structure: PART (PART_NO, WARHSE). PART (101,1) PART (101,2) PART (103,1) PART (106,1) Which of the following would be appropriate to use as a record key? a.  PART b.  PART_NO c.  WARSHE d.  Answers b and c combined would form a record key. 57.To process and locate records in files, it is necessary to use a(n): a. .

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  • 56.Four records have the record structure: PART (PART_NO, WARHSE). PART (101,1) PART
  • Accounting
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Multiple Choice Questions 1.  Accounting is often confused with: a.Bookkeeping.b.Finance.c.Information systems.d.Tax research. 2.  Which of the following statements is most true? a.Accounting is the part of bookkeeping devoted to identifying and measuring economic information. b.Bookkeeping is the part of accounting devoted to identifying and measuring economic information. c.Bookkeeping is the part of accounting associated with.

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  • Multiple Choice Questions 1.  Accounting often confused with: a.Bookkeeping.b.Finance.c.Information systems.d.Tax research. 2. 
  • Accounting
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66.In the object-oriented modeling technique, an object class has the following structure: PAPER_INVENTORY (SUPPLIER_NO, DISCOUNT) What is the structure of the subclass COPY having the unique attributes QUANTITY and TYPE? a.  COPY (QUANTITY, TYPE) b.  COPY (SUPPLIER_NO, QUANTITY, TYPE) c.  COPY (SUPPLIER_NO, DISCOUNT, QUANTITY, TYPE) d.  COPY (PAPER_INVENTORY, QUANTITY, TYPE) 67.Network, tree, and relational models are examples.

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  • 66.In the object-oriented modeling technique, an object class has the
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 Problems 51. Definition of accounting. Fill in the blanks to complete the American Accounting Association's definition of accounting. Accounting is the process of ______, ______, and communicating ______ information to permit ______ ______ and decisions by ______ of the ______. Answer: Accounting is the process of identifying, measuring, and communicating economic information to.

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  •  Problems 51. Definition of accounting. Fill in the blanks to complete
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112.Describe how list organization and multilist organization work in tree and network databases. Also, distinguish between a list structure and a ring structure in the implementation of tree and network structures. How does the list organization make database maintenance difficult? Under what circumstances is the list organization effective? 113.Discuss the conceptual.

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  • 112.Describe how list organization and multilist organization work in tree
  • Accounting
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11.ITF is a powerful information system audit technology. 12.Parallel simulation processes test data through real programs. 13.Parallel simulation is appropriate where transactions are sufficiently important to require a 100 percent audit. 14.GAS has a long history of usage because public accounting firms developed it in the 1960s. 15.Some embedded audit routines use automated collection.

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  • 11.ITF a powerful information system audit technology. 12.Parallel simulation processes test
  • Accounting
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Multiple Choice Questions 1.  Which of the following are parts of most accounting information systems? a.Activities and documents only.b.Activities and technology only.c.Documents and technology only.d.Activities, documents and technology. 2. Accounting information systems are designed to: a.Minimize cost.b.Maximize use of information technology.c.Report information to decision makers.d.Eliminate the need for paper documents. 3.Which of the following statements.

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  • Multiple Choice Questions 1.  Which of the following parts of most
  • Accounting
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76.Which of the following information system auditing technologies produces a printed audit trail of computer processing? a.  Extended records b.  Snapshot c.  Sample audit review file d.  System control audit review file 77.Tracing of a program’s execution provides: a.  programmed edits for input data items b.  test data for subsequent processing c.  a detailed listing of the sequence.

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  • 76.Which of the following information system auditing technologies produces a
  • Accounting
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66.Which of the following should be developed when the related application system is developed? a.  Test data approach b.  Integrated test facility c.  Parallel simulation approach d.  Artificial intelligence software 67.Which of the following processes real data through a test program? a.  Test data approach b.  Integrated test facility c.  Parallel simulation approach d.  Artificial intelligence software 68.An audit technique .

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  • 66.Which of the following should be developed when the related
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MATCHING QUESTIONS 91.Presented below is a list of terms relating to accounting information systems, followed by definitions of those terms. Required:  Match the letter next to each definition with the appropriate term. Each answer will be used only once. _____  1. Mapping _____  2. Compliance testing _____  3. Extended records _____  4. Substantive testing _____  5. Interim.

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  • MATCHING QUESTIONS 91.Presented below a list of terms relating to accounting
  • Accounting
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56.Information technology is used to perform some audit work that otherwise would be done manually. The use of information technology by auditors is: a.  essential b.  mandatory under AICPA Statements of Auditing Standards c.  optional d.  at the sole discretion of the manager in charge of the audit 57.An external auditor conducts an information systems.

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  • 56.Information technology used to perform some audit work that otherwise
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TRUE/FALSE QUESTIONS 1.Auditing activities undertaken during substantive testing of account balances can be described as “auditing through the computer.” 2.The external auditor serves the firm’s stockbrokers, the government, and the general public. 3.Total audit cost is increased significantly when some audit resources are directed at reviewing and verifying the internal controls that exist.

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  • TRUE/FALSE QUESTIONS 1.Auditing activities undertaken during substantive testing of account balances
  • Accounting
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92.Presented below is a list of terms relating to accounting information systems, followed by definitions of those terms. Required:  Match the letter next to each definition with the appropriate term. Each answer will be used only once. _____  1. Audit program _____  2. System control audit review file _____  3. Auditing around-the-computer _____  4. In-line.

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  • 92.Presented below a list of terms relating to accounting information
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PROBLEMS 105.A database contains the following data: Student Schedule (Student#, Student_name, Major, Course#1, ClassTime1, Location1, Course#2, ClassTime2, Location2, Course#3, ClassTime3, Location3) Required: Normalize this relation through the third normal form. 106.Assume that the customer master file and the transaction file consist of the record numbers shown in the following sequence: Master file3, 7, 23, 76,.

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  • PROBLEMS 105.A database contains the following data: Student Schedule (Student#, Student_name, Major,
  • Accounting
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102.Presented below is a list of terms relating to accounting information systems, followed by definitions of those terms. Required:  Match the letter next to each definition with the appropriate term. Each answer will be used only once. _____  1. Ring structure _____  2. Alias _____  3. ISAM _____  4. Relational algebra _____  5. Tuple _____  6. Activity.

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  • 102.Presented below a list of terms relating to accounting information
  • Accounting
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11. Accounting information systems typically incorporate which of the following: (i) inputs, (ii) outputs, (iii) storage. a.i and ii only.b.ii and iii only.c.i and iii only.d.i, ii, and iii. 12. In an accounting information system, "inputs" often come in the form of: a.Source documents.b.Financial statements.c.Computer reports.d.Internal controls. 13. According to the text, information about.

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  • 11. Accounting information systems typically incorporate which of the following:
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PROBLEMS 93.Below are listed four procedures typically performed during an audit of accountspayable: Audit procedures: a.  Test the mathematical accuracy of the accounts payable subsidiary ledger. b.  Select samples of vouchers to examine in detail. c.  Determine whether cash discounts were properly applied. d.  Stratify accounts by value. Required:  Briefly state a generalized audit software technique that.

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  • PROBLEMS 93.Below listed four procedures typically performed during an audit of
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