According to Bell, a professional integrates knowledge from many disciplines.
Accounting information systems integrates knowledge from:
A. Accounting and finance.
B. Management and computer information systems.
C. Both accounting and finance and management and computer information systems.
D. Neither accounting and finance nor management and computer information systems.
Booksellers of Bufluffia is a small, independent bookstore that both publishes and sells
very specialized titles. They currently have about 50 clients; they publish and sell 30
different books at present. The company’s management has asked you to create database
tables to support their operations. Suppose the database includes four tables; in which
table would you expect to find a field titled “quantity sold?”
A. Transactions table
B. Inventory table
C. Sales table
D. Sales/inventory table
Which of the following statements about view- and event-driven AIS is most true?
A. The two are differentiated by the presence or absence of information technology.
B. The two are differentiated by the use of paper or electronic documents.
C. Both the two are differentiated by the presence or absence of information technology
and the two are differentiated by the use of paper or electronic documents are true.
D. Neither the two are differentiated by the presence or absence of information
technology nor the two are differentiated by the use of paper or electronic documents is
true.
Which of the following is most reflective of ethical egoism?
A. In making ethical decisions, Annie strives to be true to her basic ethical nature.
B. Jeff inflated his division’s sales to get a bigger bonus for himself.
C. Michelle reported fraud she had discovered because she believes that lying is always
wrong.
D. Shan agreed to coach as many CPA exam candidates as possible, in spite of his busy
schedule.
Please refer to the following case as you answer the question:
Comprehensive Waste Management (CWM) provides trash hauling services for several
communities in southern California. When a new client wants to establish service, the
client calls the company’s main office on the phone. A CWM employee collects the
following information from the client: name, street address, city, state, ZIP code, area
code, telephone number, e-mail address. The employee gives the new client information
regarding regular weekly service dates, special services provided by the company, fees
and billing procedures. CWM bills its clients every two months in advance of the
service; for example, bills are sent to clients at the beginning of January for the months
of January and February. Initially, CWM does all its billing manually; they send out
paper bills and collect payment from clients via check. Once service is established, a
client can create an online account; the online account provides an option for paperless
billing and a separate option for charging a credit card rather than paying with a mailed
check. To create an online account, the client creates login credentials (user name and
password); they provide their CWM account number (provided on the invoice) and
relevant credit card data (type of card, name, billing address, and security code).
CWM’s database uses the account number to look up the client’s original information,
then merges the new information with it.
How many data stores will be shown in CWM’sA. Zero, since all the information is
stored electronically
B. One, labeled “client database”
C. Two, labeled “client database” and “invoice database”
D. More than two
XBRL’s global ledger taxonomy can be used for transaction processing, while the US
financial reporting taxonomy is focused on output reports. Which of the following
XBRL tags would you expect to find as part of the global ledger taxonomy?
A. <documentType>invoice</documentType>
B. <totalAssets>10000</totalAssets>
C. Both <documentType>invoice</documentType> and
<totalAssets>10000</totalAssets>
D. Neither <documentType>invoice</documentType> nor
<totalAssets>10000</totalAssets>
Most organizations use ___ to prepare XBRL instance documents.
A. Tagging software
B. Document flowcharts
C. Both tagging software and document flowcharts
D. Neither tagging software nor document flowcharts
Ralph was preparing a systems flowchart that explained how to reconcile a bank
statement. Which of the following should he include as column headings: (i) bank
statement, (ii) accounting clerk, (iii) bank.
A. I and II only
B. II and III only
C. I and III only
D. I, II and III
Consider the following short case as you respond to the question:
Scott and Logan are the CEO and CFO of MLN Corporation. The firm has lately been
losing customers to MLN’s competitors; Scott and Logan believe an ERP system could
help MLN obtain more timely information that will enable them to retain old customers
and acquire new ones. They formed a six-person team with representatives from three
of MLN’s ten departments and instructed them to use the steps in the systems
development life cycle to choose and implement an ERP system. A year later, the team
had completed its work and implemented the system by transferring data from MLN’s
general ledger software to the ERP system.
Umble and Umble suggested six necessary conditions for a successful ERP
implementation. Which of the following statements is most true?
A. Forming a six-person team ensures that ERP will be seen as an enterprise-wide
venture.
B. Resolving multi-site issues may not have been an issue for MLN.
C. Both forming a six-person team ensures that ERP will be seen as an enterprise-wide
venture and resolving multi-site issues may not have been an issue for MLN are true.
D. Neither forming a six-person team ensures that ERP will be seen as an
enterprise-wide venture nor resolving multi-site issues may not have been an issue for
MLN is true.
Bell suggested seven characteristics necessary to be considered a professional. Revise
each statement below to more appropriately reflect one of those characteristics; indicate
the relevant characteristic in the space provided.
Which level of Steps for Better Thinking is indicated in each of the following?
a. Acquire background knowledge and skills.
b. Deal with limitations to the solution.
c. Identify the problem, relevant information and uncertainties.
d. Implement solutions.
e. Interpret and organize the information.
Which of the following statements best demonstrates a similarity between AIS and
other areas of study in accounting?
A. AIS is primarily concerned with numbers.
B. Communication skills are important in AIS.
C. Both AIS is primarily concerned with numbers and communication skills are
important in AIS.
D. Neither AIS is primarily concerned with numbers nor communication skills are
important in AIS.
COBIT comprises ___ principles and ___ enablers.
A. five; seven
B. seven; five
C. five; five
D. seven; seven