Issuu on Google+

ACC 564 Week 3 Quiz 1 To Purchase This Material Click below Link .FOR MORE CLASSES VISIT

Question 1

A well-designed AIS can improve the decision-making function within the organization. Which statement below would describe a limitation, rather than a benefit, of an efficient AIS?

Question 2

The transaction cycle that includes the events of hiring employees and paying them is known as the

Question 3

Paid time-off policies, job descriptions, and procedures manuals are examples of information needed to support key decisions in what business process?

Question 4

Which of the following is a primary activity in the value chain?

Question 5

The business owners obtain financing from outside investors, which results in an inflow of cash into the company. This transaction is considered to be part of which cycle?

Question 6

Changing an employee's hourly wage rate would be recorded in which file?

Question 7

When the sum of all entries in the subsidiary ledger equals the balance in the corresponding general ledger account, it is assumed that

Question 8 Which of the following is conceptually similar to a journal in a manual AIS?

Question 9

In an ERP system, the module used to record data about transactions in the revenue cycle is called

Question 10

An audit trail

Question 11

In general, a data destination will be shown by

Question 12

Chas Mulligan has been hired by Yardley Security as an assistant to the internal auditor. He has been asked to thoroughly document the existing accounting information system in preparation for making recommendations for improvements to internal controls. He decides to begin with a description of the information stored in paper records, their sources, and their destinations. The documentation tool that he should employ for this purpose is a

Question 13

In a payroll processing DFD, the "prepare reports" activity will be represented by ________, the "employee payroll file" will be represented by ________, and the "management" will be represented by ________.

Question 14

The correct label for Shape 2 in the flowchart below is

Question 15

Chuck and Jill Scruggs travel in their motor home six months of the year and buy unique artifacts. Within hours after the Scruggs make a purchase, they have photographed it, written a description of it, and posted it for sale on eBay with a reservation price. Anything that does not sell within a week is shipped back to Austin, Texas, for display in The House of Curiosities, a retail business that the Scruggs operate during the balance of the year. Which symbol should be used to represent the transfer of data to eBay in a context diagram of this process?

Question 16

Most frauds are detected by

Question 17

Which characteristic of the fraud triangle often stems from a lack of internal controls within an organization?

Question 18

Why is computer fraud often more difficult to detect than other types of fraud?

Question 19

Which of the following is a financial pressure that could cause an employee to commit fraud?

Question 20

One fraudulent scheme covers up a theft by creating cash through the transfer of money between banks. This is known as

Acc 564 week 3 quiz 1