Accounting Information Systems
Solved Exam Questions
Course Introduction
Accounting Information Systems explores the design, implementation, and management of information systems that support accounting functions and processes within organizations. The course examines how digital systems capture, process, and report financial data, emphasizing internal controls, data security, and the integration of technology within the accounting cycle. Students will learn about commonly used accounting software, transaction cycles, and the regulatory environment affecting information systems. Through case studies and practical projects, the course equips students with the skills to analyze, document, and evaluate information systems for effective decision-making in accounting and business settings.
Recommended Textbook
Payroll accounting 2016 2nd Edition by Jeanette
Landin
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6 Chapters
424 Verified Questions
424 Flashcards
Source URL: https://quizplus.com/study-set/3043
Page 2
Chapter 1: Payroll Practices and System Functions
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70 Verified Questions
70 Flashcards
Source URL: https://quizplus.com/quiz/60480
Sample Questions
Q1) The Sarbanes-Oxley Act legislated penalties for violations of which Act?
A) HIPAA
B) ERISA
C) PRWOR
D) DOMA
Answer: B
Q2) If a company chooses to use computer-based accounting,which of the following is required?
A) A standalone system that is dedicated to payroll processing.
B) Annual software updates.
C) Certification by a CPA prior to use for payroll processing.
D) Certification and bonding of payroll personnel.
Answer: B
Q3) An accountant must remain current in his or her knowledge of current payroll practices,according to the ethical principle of __________________.
A) Responsibilities.
B) Public Interest.
C) Due Care.
D) Integrity.
Answer: C
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Chapter 2: Payroll System Procedures
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70 Verified Questions
70 Flashcards
Source URL: https://quizplus.com/quiz/60479
Sample Questions
Q1) Which aspect of internal controls for payroll relates to the Sarbanes Oxley Act?
A) Protecting employee retirement funds
B) Limiting the number of employees authorized to disburse payroll
C) Cross-training employees and altering duties
D) Ensuring the complexity of the audit trail
Answer: C
Q2) A worker who sells life insurance on a full-time basis is considered a statutory employee.
A)True
B)False
Answer: True
Q3) A company should assign _________________ employee(s) the responsibility for signing payroll checks and disbursements.
A) A limited number of
B) Only one
C) Its most responsible
D) None of the
Answer: A
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4
Chapter 3: Gross Pay Computation
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70 Verified Questions
70 Flashcards
Source URL: https://quizplus.com/quiz/60478
Sample Questions
Q1) Brittany is a full-time college student and is 21 years of age.Her employer has the option to pay her less than the Federal minimum wage.What is the minimum hourly rate that Brittany may receive?
A) $7.25 per hour
B) $4.25 per hour
C) $6.16 per hour
D) $5.80 per hour
Answer: C
Q2) Lynda works as a sales representative for her company.Her job requires her to travel to customer sites to meet with her customers.Which of the following pay bases would be the most appropriate for her?
A) Hourly
B) Salary
C) Commission
D) Piece-rate
Answer: C
Q3) A firm is always exempt from FLSA provisions if it has fewer than 5 employees.
A)True
B)False
Answer: False
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Chapter 4: Employee Net Pay and Pay Methods
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70 Verified Questions
70 Flashcards
Source URL: https://quizplus.com/quiz/60477
Sample Questions
Q1) Wyatt is a full-time exempt music engineer who earns $130,000 annually and is paid semimonthly.As of November 15,his year-to-date gross pay was $113,750.07.How much will be withheld for FICA taxes for the November 30 pay date? (Social Security maximum wage is $118,500.Do not round interim calculations,only round final answer to two decimal points.)
A) $335.83
B) $414.37
C) $212.88
D) $373.04
Q2) Which body issued Regulation E to protect consumers from loss of deposited funds?
A) Department of Homeland Security
B) Internal Revenue Service
C) American Banking Association
D) Federal Deposit Insurance Corporation
Q3) The use of paycards as a means of transmitting employee pay began in the 1990s with over-the-road drivers out of a need to transmit funds reliably on payday.
A)True
B)False
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Chapter 5: Employer Payroll Taxes and Labor Planning
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72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/60476
Sample Questions
Q1) A benefit analysis report may be compiled to reveal _________________________.
A) Department profitability
B) Employee productivity
C) Labor distribution
D) Departmental effectiveness
Q2) The IRS uses the ___________________________ to determine how often a company must deposit payroll taxes.
A) Previous year's payroll tax deposits
B) Firm's income tax filings
C) Lookback period
D) Financial statements
Q3) Deschutes Companies located in Oregon has a SUTA tax rate of 4.10% and a wage base of $35,000.During the last calendar year the company paid $393,750 in wages and salaries for 11 employees.What is the total of the FUTA and SUTA tax liabilities for Deschutes Companies? (Assume that all employees have exceeded the FUTA and SUTA wage bases.)
A) $16,247
B) $16,709
C) $15,323
D) $15,785
Page 7
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Chapter 6: Payroll Register, Employee Earning Records, and Accounting System Entries
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72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/60475
Sample Questions
Q1) Computing the sum of rows and columns is known by the term
A) Compute.
B) Total.
C) Prove.
D) Rule.
Q2) How does a payroll accountant keep track of employee's year-to-date earnings for wage bases on taxes like FICA,FUTA,and SUTA?
A) Form W-4
B) Form W-2
C) Payroll register
D) Employee earnings record
Q3) Which of the following is true about the fundamental accounting equation?
A) It must remain in balance at all times.
B) It is always expressed as assets = liabilities - owners' equity.
C) One side of the equation must equal zero.
D) It may be expressed as assets + liabilities = owners' equity.
Q4) Employee earnings records form the link between accounting and the human resources department.
A)True
B)False
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