Accounting information systems have five generic parts. Outputs of the
acquisition/payment process can include:
A. Schedule of accounts payable.
B. Checks.
C. Both schedule of accounts payable and checks.
D. Neither schedule of accounts payable nor checks.
Consider the statements below as you answer the question:
-The chief financial officer of TNL Corporation is a certified public accountant.
-OBP Corporation’s internal audit manager is a certified fraud examiner.
-CPQ Corporation maintains a set of systems flowcharts that describe current business
processes.
-DKM Corporation encrypts all data transmitted over its wireless network.
Which statements relate to the third generic step in a financial statement audit?
A. TNL and DKM
B. TNL and CPQ
C. DKM and CPQ
D. TNL, DKM and CPQ
After developing a set of objectives their knowledge management system should
address, the managers of TCH Corporation distributed a survey to employees, followed
by a series of focus groups designed to identify issues such as duplication, gaps and
overlaps in knowledge. To complete the next step in creating TCH’s knowledge
management system, the managers could use a:
A. Flowchart.
B. Data flow diagram.
C. REA model.
D. None of these.
Which of the following serve as examples of strong separation of duties within the
context of the acquisition/payment process?
A. Establishing a purchasing department
B. Requiring all purchases over $500 to be approved by a manager
C. Both establishing a purchasing department and requiring all purchases over $500 to
be approved by a manager
D. Neither establishing a purchasing department nor requiring all purchases over $500
to be approved by a manager
COBIT’s enablers include organizational structures. Based on ISACA’s explanation,
which of the following are most appropriately paired?
A. sales/collection process, vice president of marketing
B. conversion process, vice president of conversion
C. human resources process, payroll clerk
D. financing process, bank teller
Which of the following is most closely associated with the third step of the
Langenderfer and Rockness model?
A. asset valuation
B. utilitarianism
C. Bernie Madoff
D. autonomy of practice
An accounting information system is a set of interrelated:
A. Activities and documents only.
B. Activities and technologies only.
C. Documents and technologies only.
D. Activities, documents and technologies.
Consider the following flowchart symbols as necessary as you respond to the remaining
questions in this chapter:
One of the basic design principles of flowcharts states that documents should have a
clear point of termination. Which symbol would apply that principle?
A. Symbol B
B. Symbol D
C. Symbol F
D. Symbol J
Virtually all ERP systems are organized in:
A. database queries.
B. spreadsheets.
C. modules.
D. application service providers.
Data in a view-driven accounting information system are:
A. Highly aggregated.
B. Stored in a single place.
C. Both highly aggregated and stored in a single place
D. Neither highly aggregated nor stored in a single place
Ethical egoism and utilitarianism are similar in that both:
A. are concerned with “benefits.”
B. place the concerns of individuals above concerns for society.
C. Both are concerned with “benefits” and place the concerns of individuals above
concerns for society.
D. Neither are concerned with “benefits” nor place the concerns of individuals above
concerns for society.