Vendor online catalogs can be viewed by customers through a(n):
a. Browser
b. Compiler
c. Intranet
d. none of the above
List 1 shows the coding schemes discussed and illustrated in Chapter 5, while List 2
contains eight coding examples.
List 1 – Coding Schemes
A. Sequential (serial) D. Hierarchical
B. Block E. Mnemonic
C. Significant digit F. Check digit
Required:
On your solution sheet, list the numbers 1 through 8 from List 2. Next to each number,
show the capital letter from List 1 that best describes the coding type represented by
each example. HINT: Some letters from List 1 may be used for more than one coding
example, while some letters may not be used at all.
The correct sequence of elements leading to an “available to promise” (ATP) is
a. item availability, customer creditworthiness, price
b. customer creditworthiness, price, item availability
c. price, customer creditworthiness, item availability
d. item availability, price, customer creditworthiness
The resources for which the AP/CD process wants to ensure security typically do not
include:
a. cash
b. accounts payable master data
c. accounts receivable master data
d. All of the above are included in resources for which the AP/CD process wants to
ensure security.
_____________ control plans relate to a multitude of goals and processes.
a. Pervasive
b. IT general
c. Business process
d. Preventive
The correct sequence of subprocesses for the batch processing of accounting data is
a. business event occurs, update master data, record business event data, generate
outputs
b. business event occurs, generate outputs, update master data, record business event
data
c. business event occurs, record business event data, update master data, generate
outputs
d. none of the above
COBIT was developed by:
a. COSO
b. IT Governance Institute
c. PCAOB
d. AICPA
Below is a list of sources of information and guidance on internal controls. The second
list contains descriptions or information provided by these sources.
Required:
On the blank line to the left of each numbered item, place the capital letter of the source
that best matches that description. HINT: Some letters may be used more than once.
Conversely, some letters may not apply at all.
Sources of Information and Guidance on Internal Controls
A. Enterprise Risk Management (ERM) Framework
B. Foreign Corrupt Practices Act
C. PCAOB Auditing Standard No. 5
D. Sarbanes-Oxley Act Section 201
E. Sarbanes-Oxley Act Section 404
F. Statement on Auditing Standards No. 94
G Internal Control – Integrated Framework (COSO)
There is a high chance of success using an Electronic Data Management (EDM) for
applications in which
a. data must be scanned
b. large amounts of paper are produced and stored
c. both of the above
d. none of the above
Business to business (B2B)
a. systems are limited to companies that see over the Internet
b. represents the majority of e-business volume
c. both a. and b.
d. neither a. nor b.
Which of the following is the least detailed of the data flow diagrams?
a. logical data flow diagram
b. systems flowchart
c. context diagram
d. physical data flow diagram
According to the ____, one of the responsibilities of accountants is to assess financial
operations and make best-practices recommendations to management.
a. AICPA
b. Sarbanes-Oxley Act of 2002
c. Occupational Outlook Handbook
d. Accounting Information System
With the issuance of the SEC Interpretative Guidance and the implementation of AS5:
a. Auditors no longer opine on the effectiveness of management’s internal control
reporting process.
b. The number of controls that need to be documented, evaluated, and tested is reduced.
c. Both a and b
d. Neither a nor b
Figure TB 17.5 is the DFD of the systems development life cycle as presented in the
text.
Required:
Explode bubble 4.0 Structured Systems Design into a
Process Bubbles
4.1 Specify modules
4.2 Develop implementation plan and budget
4.3 Develop implementation test plan
4.4 Develop user manual
4.5 Develop training program
4.6 Complete systems design document
Data Flows
Approved configuration plan
Approved systems design document
Design specifications
Implementation plan and budget
Implementation test plan
Implementation plan and budget
Logical specification
Logical specification
Training plan
User manual
Discuss three ways that enterprise systems achieve quality of information goals.
A customer is an example of an internal entity.
The data captured as business events occur should be sufficient for someone who was
not a party to the event to understand and reconstruct what happened.
On a systems flowchart a triangle represents ____________.
A system’s __________ ____________ depends on its type ” natural, biological, or
man-made ” and on the particular system.
TB Figure 16.3 is a Level 0 DFD for the GL/BR process.
Required:
Explode bubble 4.0, for the “Prepare Business Reports” process into a level 1DFD
The AICPA Internet assurance program that includes a certification and seal is called
______________________________.
Usually the theft of cash entails ________________ or fraudulent
_________________________.
The level 0 diagram of the AP/CD Process contains the two process bubbles depicting
the two major logical steps in the process: Establish payable and Approve checks.
