Final Exam - Exams 1-5 ?'s Flashcards Preview

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Flashcards in Final Exam - Exams 1-5 ?'s Deck (55):
1

Which of the following is most likely to be seen in a hardware flow chart?

Scanner

2

A properly prepared systems flowchart can be used to

Make recommendations on improving business processes Identify some of the companies risk exposures

3

Documents in a flow chart should have

Both a clear origin and a clear termination

4

Which of the following would best be depicted with a systems flow chart

Steps in the accounting cycle
Development of an internal control plan

5

Which kind of plug chart shows the logic associated with instructions given to a computer

Program

6

A properly prepared systems flowchart can be used to

Evaluate internal controls in the AIS
Determine which processes are completed manually in the AIS

7

Which of the following should be placed at the top of each page of a systems flow chart:
The number of columns in the flowchart
the number of pages in the flowchart
the name of the process depicted

the number of pages in the flowchart
the name of the process depicted

8

A properly prepared systems flow chart can be used to

Describe an organization's method of collecting cash from its clients
Train new employees in an organizations method of collecting cash from it clients

9

In which of the following situations would a document flow chart be appropriate:
Documenting the steps in a financial statement audit
Tracing the flow of a bank deposit slip

Tracing the flow of a bank deposit slip

10

A circle in a data flow diagram represents

A business process

11

A circle in a data flow diagram maybe labeled similarly to what shape in a systems flow chart?

Rectangle

12

A data flow diagram can be used:

Instead of a systems flowchart in AIS work
In addition to a systems flowchart in AIS work

13

Which of the following statements about systems flow charts and data flow diagrams is most true?

Processes are numbered in a flow chart but not in a data flow diagram
Processes are numbered in a data flow diagram but not in a flow chart
Processes are numbered in both flow charts and data flow diagrams
Processes are unnumbered in both flowcharts and data flow diagrams

Processes are numbered in a data flow diagram but not in a flowchart

14

A line in a DFD represents:

A data flow

15

If an accounting information system is documented with a system flow chart

It may also be documented with the data flow diagram

16

Which of the following statements about systems flow charts and data flow diagrams is most true?

Circles are used in both but they represent different things
lines are used in both but they represent different things

Both are true

17

AIS have five generic elements. A DFD would be the least helpful for which of the five?

Internal control

18

Data in a view driven AIS are often stored in multiple places such as

Journals
Ledgers

19

Which of the following pieces of data would you expect to find in an event driven AIS but not in a view driven AIS

Details about customer preferences for product color

20

In contrast with view driven AIS, event driven accounting information systems focus on

Business processes

21

Got it in a do you driven AIS are:

Highly aggregated

22

XBRL is organized in taxonomies. --- is not an XBRL taxonomy

XML taxonomy

23

Examples of XBRL instance documents include:

Statement of cash flow's
balance sheet
income statement

24

XBRL provides --- for a company's financial information

Context

25

A disaster recovery plan is a good internal control for which of the following risks associated with XBRL?

Software failure

26

Most AIS comprise five generic elements. as a tool for preparing financial statements X BRL is most closely associated with

Processing

27

As a processing tool in an AIS, ERP software is capable of generating outputs in the form of general purpose financial statements. which of the following statements is most true?

All four common ERP system modules provide information to the general purpose financial statements

28

Which category of computer crime in carters taxonomy recognizes that the presence of computers has generated new versions of traditional crimes?

Associated

29

George received an email that threatened to release his personal financial data unless he paid a fee. that situation is an example of:

Extortion

30

A corporation forces its employees to change their system password every 6 months. Which type of security control best describes the company's policy?

Administrative

31

The acquisition/payment process:

Helps an organization create value for its stakeholders

32

Internal controls on the acquisition payment process should address which of the following forms of Risk?

Liquidity risk
Human error risk

33

One of the transactions commonly associated with the financing process is the issuance of long-term debt. which of the following pieces of information is least likely to be required to process such a transaction?

Coupon interest rate
Market interest rate
Lender identification data
Shareholder approval

Shareholder approval

34

Which system would an organization that manufactures decks of playing cards use for that purpose?

Process

35

The conversion process involves three common resources: material, direct labor, and overhead. Which of the following is an example of the overhead in that context?

Depreciation on factory equipment
CFO's salary

Depreciate on factory equipment

36

What journal entry would a company make to record patrol costs of its factory workers?

Debit work in process, credit wages payable

37

The purpose of an organizations conversion process is:

To transform raw materials into finished products

38

Please to combat information overload include

Applying effective models for making decisions
Managing knowledge

39

The Generalized set of processes people use to gather, organize, and retain information is often called

Knowledge management

40

John continually work on a team that experienced a lot of non-productive conflict. which of the following best describes John's behavior?

Relapse errors

41

Causes of information overload include

Personal factors
Information characteristics
Organizational design

42

In response to information overload, decision makers can

Allow more time to complete important tasks

43

Knowledge management is important to the study of AIS because, like business processes, it:

Represents one way to create value for stakeholders
Crosses functional boundaries such as the accounting department and the purchasing department

44

Which of the following statements about information overload and AIS is most true?

Even with a properly designed AIS, decision makers can experience information overload

A well-designed AIS can help decision makers manage information overload

Both a and b

45

Steps for better thinking involves all of the following stages except:

Thinking
identifying
Exploring
Prioritizing

Thinking

46

Arriving at moral standards that regulate right and wrong conduct is called

Normative ethics

47

Ethics is another name for ---

Moral philosophy

48

T/F:
Ethics involves systematizing, defending, and recommending concepts of right and wrong behavior

True

49

Which of the following statements is most reflective of the virtues school of ethical thought?

Stealing is wrong

50

Following the longer Derfer and Rockne's model for resolving ethical dilemmas, which of the following steps should happen first?

Identify the facts

51

2nd generic step in a financial statement audit is:

Evaluate management's credentials

52

The AICPA's GAAS are divided into 3 groups. In Which group would you find internal control?

Field work

53

Tim is the lead auditor. Before starting the audit, Tim planned and reviewed the schedule with his audit team. which of the following GAAS did Tim uphold by planning?

Professional care

54

The AICPA's GAAS are divided into 3 groups. Which of the following is a standard in the "reporting" group?

Training
Supervision
Evidence
Disclosure

Disclosure

55

3 standards of the "General" group:

Training
Independence
Professional care