Test bank for accounting information systems the crossroads of accounting and IT 2nd edition

D Database searches In an accounting system database, which field belongs in a table containing customer information1. D A collection of related tables In an accounting system database,

Test Bank for Accounting Information Systems The Crossroads of Accounting and IT 2nd Edition

Which event is part of the Sales Cycle?

1. A) Enter time

2 B) Make deposit

3 C) Create purchase order

4 D) Receive item

Which event is usually performed in the Financial modules of the Baseline Accounting System?

1. A) Make adjusting entries

2 B) Pay bills

3 C) Enter time

4 D) Create income statement

Which accounting software is typically used in a mid-sized enterprise?

1. A) Oracle`s Peoplesoft Enterprise

2 B) SAP Business One

3 C) Peachtree

4 D) Quickbooks Enterprise

What modules comprise a baseline accounting system?

1. A) Vendors, Employees, Sales, Banking, Financial, and Reports

2 B) Inventory, Employees, Sales, Banking, Financial, and Reports

3 C) Inventory, Employees, Sales, Banking, Accounting, and Reports

4 D) Vendors, Employees, Customers, Banking, Financial, and Reports

To record a payment for inventory delivered, the information would be entered in a screen that looks similar to which paper form?

1. A) Sales receipt

2 B) Check

3 C) Invoice

4 D) Purchase order

To record an inventory order, the information would be entered in a screen that looks similar to which paper form?

1. A) Sales receipt

2 B) Check

3 C) Invoice

4 D) Purchase order

What is the purpose of an onscreen entry form?

1. A) Onscreen entry forms allow you to perform data Analysis that is cumbersome in a relational database

2 B) Onscreen entry forms provide predictive modeling to gain insights from data to improve business decisions

3 C) Onscreen entry forms provide a familiar interface for entering information into a database

4 D) Onscreen entry forms help ensure information is entered only once in the database

Which accounting software is designed for a large-scale company?

1. A) Oracle`s PeopleSoft Enterprise

2 B) SAP Business All-In-One

3 C) Oracle`s JD Edwards EnterpriseOne

4 D) SAP Business One

When designing a database, which field would NOT belong in a table storing customer information?

1. A) First Name

2 B) Order Number

3 C) Zip Code

4 D) Street Address

When designing a database, which field would NOT belong in a table storing inventory information?

1. A) Cost

2 B) Part Number

3 C) Purchase Order

4 D) Sale Price

A database form is a

1. A) Database screen for data input

2 B) Database queries

3 C) Database screen for data output

4 D) Database searches

In an accounting system database, which field belongs in a table containing customer information?

1. A) Street Address

2 B) Cost

3 C) Item Number

4 D) Invoice Number

A spreadsheet can be viewed as

1. A) A database form

2 B) A relational database

3 C) A flat database

4 D) A collection of related tables

In an accounting system database, which field belongs in a table containing inventory information?

1. A) Vendor ID

2 B) Purchase Order

3 C) City

4 D) Invoice Number

The following field names are part of a table for a company's inventory Which field name could be the primary key for this table?

1. A) Sales Prices

2 B) Cost

3 C) Item ID

4 D) Vendor ID

In a relational database, how are tables connected?

1. A) By a query statement

2 B) By network addresses

3 C) By the tables names

4 D) By fields that are common in two or more tables

The following fields are common to tables storing customer, vendor, and employee information EXCEPT

1. A) City

2 B) Area Code

3 C) Cost

4 D) State

Which field below would NOT be stored in an order table?

1. A) Customer ID

2 B) Vendor ID

3 C) Order ID

4 D) ItemID

What is the purpose of a database query?

1. A) To search the database to answer a specific question

2 B) To connect related tables

3 C) To uniquely identify a record in a database table

4 D) To provide a format for viewing data

What is the purpose of Business Intelligence Technologies?

1. A) Shadow the accounting system

2 B) Safeguard information

3 C) Extract data from databases

4 D) Find consumer patterns and insights

Spreadsheets containing data extracted from a relational database are called what?

1. A) Shadow data

2 B) Ghost data

3 C) Gray data

4 D) Intelligent

Which of the following is NOT considered an information asset?

1. A) Shadow data systems

2 B) Business intelligence applications

3 C) Electronic records

4 D) None of the above

Which act requires publicly traded companies to assess the effectiveness of their internal controls and have an independent CPA firm audit this assessment?

1. A) Sarbanes-Oxley Act of 2002

2 B) The GAAP Act of 1932

3 C) Wheat Commission

4 D) Security Exchange Commission Act of 1934

What is the purpose of security and controls over information assets?

1. A) Security and controls are to prevent fraud, unauthorized access, modification, destruction, or disclosure of information assets

2 B) Security and controls are to prevent data analysis

3 C) Security and controls are to frustrate employees with legitimate need to access information assets

4 D) Security and controls are to ensure all the information assets are available to all employees

What is data mining?

1. A) A type of OLAP cube

2 B) A method for safeguarding information asset

3 C) A business intelligence tool

4 D) All the above except C

Which of the following statements about data warehouses is false?

1. A) Data warehouses store vast amounts of enterprise data

2 B) Data warehouses permit extensive data analytics to provide business intelligence tools for improved decision quality

3 C) Data warehouses store current and historical data

4 D) Data warehouses are not considered an information asset and do not need to be safeguarded

Processes are related activities or events that create value

1. True

2 False

An IT audit includes auditing the System Development Life Cycle (SDLC)

1. True

2 False

What are the three key factors to consider for a successful accounting system?

1. A) People, budget, and time

2 B) Time, processes, and technology

3 C) People, processes, and technology

4 D) Processes, budget, and time

Which of the following agents is internal to a company?

1. A) Customer

2 B) Employee

3 C) Vendor

4 D) Investor

IFRS is an acronym for

1. A) Integrated Financial Reporting Services

2 B) International Financial Reporting Standards

3 C) Integrated Federal Recording Standards

4 D) International Financial Regulated Services

Which of the following processes are performed in the Designing Phase of the

SDLC?

1. A) Identify the new business processes

2 B) Install the new system

3 C) Test the new system

4 D) Identify the new requirements for the system

The staffing process occurs in which phase of the SDLC?

1. A) Build/Buy Phase

2 B) Deploy Phase

3 C) Analyze Phase

4 D) Plan Phase

Analyzing the impact an accounting system will have on people should occur in which phase of the SDLC?

1. A) Deploy

2 B) Design

3 C) Analyze

4 D) Planning

IT is the design or blueprint for an enterprise's information technology

1. A) Technology

2 B) Infrastructures

3 C) Network

4 D) Architecture

An IT auditor must understand the terms and definitions used by accounting and IT professionals

1. True

2 False

Which of the following are NOT part of the basic functions of an enterprise system?

1. A) Hiring

2 B) Output

3 C) Input

4 D) Processing

A Supply Chain Management (SCM) system is a subsystem of an Accounting

System

1. True

2 False

Activities performed by various departments within a company are rarely

interconnected

1. True

2 False

An integrated enterprise system allows different departments to use the same information

1. True

2 False

Business processes are related activities performed by an enterprise to create value by transforming input into output

1. True

2 False

When data is "hard keyed" into the program, which of the following is true?

1. A) Changing the data requires recreating (recording) the entire program

2 B) Changing the data requires purchasing additional computer storage and may take days or weeks

3 C) Changing the data is cost efficient and may be accomplished in a matter of minutes

4 D) Changing the data is costly and may take days or weeks

What is an alternative to "hard keyed" data?

1. A) If user requirements are correctly defined, the data will not change and may be

`hard keyed.`

2 B) Using variables in the program, such as cell addresses in a spreadsheet

3 C) Alternatives to `hard keyed` data is not possible All data must be `hard keyed.`

4 D) Creating the program in a way that does not require data

The three basic functions of an enterprise system are

1. A) Input, processing, and output

2 B) Processing, output, and reports

3 C) Business intelligence, processing, and output

4 D) Input, data, and reports

Which symbol is used by IT professionals to represent the enterprise network?

1. A) Cloud

2 B) Star

3 C) Circle

4 D) Square

What is the purpose of Enterprise Resource Planning (ERP) software?

1. A) Help identify the end of a product`s life cycle

2 B) Identify new trends in consumer purchasing

3 C) Analyze an organization`s sales projections

4 D) Help managers control organizational resources

An accounting system spans which of the following Value Chain components?

1. A) Support

2 B) Purchase

3 C) Customers

4 D) All the above except C

The Value Chain begins with which activity?

1. A) Selling items to customers

2 B) Creating the products

3 C) Purchasing items from vendors

4 D) Providing support to customers

Which transactions are related to the purchasing cycle?

1. A) Buying items from vendors

2 B) Paying employees

3 C) Selling items to customers

4 D) None of the above

Which transactions are related to the sales cycle?

1. A) Paying employees

2 B) Selling items to customers

3 C) Buying items from vendors

4 D) None of the above

What purpose of the processing function of an enterprise system?

1. A) Summarize information

2 B) Capture information

3 C) Generate reports

4 D) Sort and store information

The Vendors Module of a baseline accounting system relates to the sales cycle

1. True

2 False

The Customer Module of a baseline accounting system includes creating purchase orders

1. True

2 False

The Banking Module of a baseline accounting system includes bill paying

transactions

1. True

2 False

Accounting software often includes a navigation screen that represents the major modules within the accounting system

1. True

2 False

A database may have two or more tables with the exact same name

1. True

2 False

Financial accounting focuses on providing accounting information to internal users, primarily management

1. True

2 False

An event that does not involve an exchange, for example accrued interest expense, does not need to be recorded in the accounting system

1. True

2 False

A primary key may be used to associate customer information (name, address, phone number, etc.) with a sales order

1. True

2 False

A primary key is a unique identifer for a database table

1. True

2 False

Understanding accounting systems involves seeing the overall system There is no need

to focus on the details

1. True

2 False

Business Intelligence tools use queries to extract data directly from the relational database, bypassing the OLAP cube and any accompanying delay

1. True

2 False

Data cubes allow you to view data in two dimensions

1. True

2 False

Structured Query Language is used to query a relational database

1. True

2 False

When looking at an accounting system using the aerial view, you see

1. A) Detailed information recorded in the accounting system

2 B) Information available on the tax reports for the Internal Revenue Services and other tax agencies

3 C) Accounting information available to internal users, primarily management

4 D) An enterprise-wide view of an organization showing the entire accounting system

When looking at an accounting system using the zoom view, you see

1. A) An enterprise-wide view of an organization showing the entire accounting system

2 B) Information available on the tax reports for the Internal Revenue Service and other tax agencies

3 C) Detailed information recorded in the accounting system

4 D) Accounting information available to internal users, primarily management

The Vendors module in the Baseline Accounting System corresponds to which

transaction cycle?

1. A) Sales cycle

2 B) Financial cycle

3 C) Payroll cycle

4 D) Purchasing cycle

Which transactions are usually performed in the Customers module of the Baseline Accounting System?

1. A) Receive inventory

2 B) Create invoice

3 C) Create purchase order

4 D) Pay bills

The sales cycle corresponds to which module in the Baseline Accounting System?

1. A) Banking

2 B) Vendors

3 C) Customers

4 D) Employees

Which event is part of the Purchasing Cycle?

1. A) Pay bill

2 B) Create invoice

3 C) Make deposit

4 D) Enter bill