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QUESTION NO.1
The
determines the nature of the
information required, its sources, its destination,
and the accounting rules that must be applied.
QUESTION NO. 2
The underpinnings of a
system is its
.
QUESTION NO. 3
Transaction processing, information processing, and
accounting are physically performed by people, usually
using paper documents.
QUESTION NO. 4
TRUE OR FALSE. Access
to assets and information
(accounting records) should not be limited.
QUESTION NO. 5-6
Give the first two coding
schemes used in Accounting
information system.
QUESTION NO. 7-8
What are the first 2 benefits
or real time processing?
Question No .9
In the Manual processing system of
recording a sale transaction after the sales
order has been approved and back to
sales department what is the next
department to proceed with the sale?
Question No.10
After the receiving from the
department (answer in no. 9) what
is the next one?
Question 11-12
Describe the two internal
information flows.
Question 13-14
Explain the two kinds of
Transaction.
Question 15-16
Explain the two kinds of Financial transaction.
QUESTION NO. 17-18
These are at the heart of any
control environment.
QUESTION NO. 19
Physical procedures as well
as record-keeping should be independently reviewed at
various points in the system to check for accuracy and
completeness
What do you call to the process that
QUESTION NO. 20
TRUE OR FALSE. Authorization and data access can be performed through
computer screens.
QUESTION NO. 21
The system computes the amount due. Payment is either cash, check, ATM or
credit card in most cases. No
accounts receivables
QUESTION NO. 22
TRUE OR FALSE. At the end of the day or a cashier’s shift, the money and
receipts in the drawer are reconciled to the internal cash register tape or a
printout from the computer’s database.
be recorded
Cash over and under must
QUESTION NO. 23
In the Fraud Triangle, it is the justification of dishonest act.
QUESTION NO. 24
This coding scheme do
not require users to memorize the
meaning since the code itself is informative – and not
arbitrary.
QUESTION NO. 25-26
has a relationship with auditing. If a company has
an effective
structure, defalcations or
embezzlements can usually be detected or prevented.
QUESTION NO. 27-28
What are the 2 CBAS
Control Considerations?
QUESTION NO. 29-30
What are the 2 primary subsystem
of Expenditure Cycle and Revenue
Cycle?
QUESTION NO. 31
Computer files that contains
relatively constant information
used in processing.
QUESTION NO. 32
Computer files that contains
past transactions for reference
purposes
QUESTION NO. 33-34
Give at least 2 of the five
common documentation
techniques.
QUESTION NO. 35-36
Give the 3 roles of
Accountants in an
information system.
QUESTION NO. 37 -38
Differentiate Accounting
Information System and
Management Information System.
QUESTION NO. 39-40
Enumerate the Accounting
Information Subsystem
QUESTION NO. 41
TRUE OR FALSE.It
is increasingly apparent that good ethics
is a necessary condition for the long-term profitability of
a business. This requires that ethical issues be
understood from top management to line managers.
QUESTION NO. 42
It is increasingly apparent that good
is
a necessary condition for the long-term
profitability of a business
QUESTION 43-44
The AIS should produce high quality
information which ? Give at least two.
QUESTION NO. 45-46
Within the revenue cycle, authorization
should take place when? Give at least
2.
QUESTION NO. 47
In the process of revenue cycle after
shipping of the product what is the
next department or process.
QUESTION NO. 48
TRUE OR FALSE. Within the revenue cycle, the assets to
protect are cash and inventories and access to records such as
the accounts receivable subsidiary ledger and cash journal
should be restricted
QUESTION NO. 49-50
Give at least 2 of the 3 transaction
cycle.
QUESTION 51
TRUE OR FALSE. An economic event that affects the
assets and equities of the firm, is reflected in its
accounts, and is measured in monetary terms
QUESTION NO.52
TRUE OR FALSE. Shipping verifies the goods sent from the warehouse are correct in
type and quantity.
QUESTION 53
 TRUE OR FALSE. Shipping verifies the goods sent from the
warehouse are correct in type and quantity
QUESTION NO. 54
TRUE OR FALSE. The manual journals and ledgers are NOT changed to disk or tape
transaction and master files.
QUESTIONS NO. 55-56
CBAS technology can be viewed
as a continuum with two extremes?
QUESTION NO. 57
Evidence of an economic event
QUESTION NO. 58
Used to capture and formalize transaction data
needed for transaction processing
QUESTION NO. 59
Use technology to restructure business
processes and firm organization.
QUESTION NO. 60
Use technology to improve efficiency and
effectiveness
QUESTION NO. 61-62
Give at least 2 PC Control Issues.
QUESTION NO. 63
It is used by small firms and some large
decentralized firms
QUESTION NO. 64
Tend to be inadequate and should be compensated for
with increased supervision, detailed management
reports, and frequent independent verification.
QUESTION NO. 65
is an accounting framework for
modeling an organization’s
QUESTION NO. 66
A documentation technique to represent the
relationship between entities in a system.
QUESTION NO. 67-68
The goal of an information system is to support
QUESTION NO. 69-70
Enumerate the first 2 steps in Batch
processing/ sequential file.
QUESTION NO. 71
 TRUE OR FALSE. The transactions must be dependent of one another during the
time period over which the transactions are accumulated in order for batch
processing to be appropriate.
QUESTION NO. 72
A time lag exists between the event
and the processing.
QUESTION NO. 73-74
Give at least 2 Potential
disadvantages of DDP
QUESTION NO. 75
A business resource
QUESTION NO. 76
The process of dividing the system into smaller
subsystem parts
QUESTION NO. 77
TRUE OR FALSE. Each user group has unique information requirements.
QUESTION NO. 78
The higher the level of the organization, the
lesser the need for more aggregated information
and less need for detail
QUESTION 79
TRUE OR FALSE. The accountant should actively participate in systems development
projects to ensure appropriate systems design.
QUESTION NO. 80
TRUE OR FALSE.The accounting function is
not responsible for the conceptual system,
while the computer function is respon.sible for
the physical system