Advanced Accounting Information Systems
Exam Review
Course Introduction
Advanced Accounting Information Systems explores the design, implementation, and management of sophisticated accounting information systems in a modern business environment. The course covers topics such as database management, internal controls, enterprise resource planning (ERP) systems, data analytics, and cybersecurity in relation to financial data. Students will analyze real-world case studies and participate in hands-on projects to gain an in-depth understanding of how advanced technologies enhance financial reporting, auditing, and decision-making. Emphasis is placed on aligning information systems with organizational objectives and ensuring compliance with accounting standards and regulations.
Recommended Textbook
Accounting Information Systems 11th Edition by Marshall B. Romney Paul J. Steinbart
Available Study Resources on Quizplus
20 Chapters
1765 Verified Questions
1765 Flashcards
Source URL: https://quizplus.com/study-set/3502 Page 2
Chapter 1: Accounting Information Systems
Available Study Resources on Quizplus for this Chatper
83 Verified Questions
83 Flashcards
Source URL: https://quizplus.com/quiz/69576
Sample Questions
Q1) Identify the components of an accounting information system.
Answer: A well-designed AIS consists of people,procedures and instructions,data,software,information technology infrastructure,and internal controls and security measures.
Q2) Humans can absorb and process only so much information.Information __________ occurs when those limits are passed.
A)overload
B)excess
C)anxiety
D)discretion
Answer: A
Q3) Facts that are collected,recorded,stored and processed by an information system
A)Information
B)Data
C)Systems
D)Mandatory information
Answer: B
Q4) Name the primary activities of a firm's value chain.
Answer: Inbound logistics,operations,outbound logistics,marketing and sales,and service.
To view all questions and flashcards with answers, click on the resource link above. Page 3
Chapter 2: Overview of Business Processes
Available Study Resources on Quizplus for this Chatper
105 Verified Questions
105 Flashcards
Source URL: https://quizplus.com/quiz/69575
Sample Questions
Q1) To be effective,the chart of accounts must
A)be as concise as possible.
B)contain only five account categories.
C)limit account codes to 10 digits or less.
D)contain sufficient detail to meet the information needs of the specific organization's AIS.
Answer: D
Q2) Source documents are usually generated in the process of conducting common business activities.Name a source document connected with the revenue cycle.
Answer: Revenue cycle source documents include sales orders,delivery tickets or bills of lading,remittance advice or remittance list,deposit slip,and credit memo.
Q3) The set of fields that contain data about various attributes of the same entity forms a
A)entity
B)record.
C)file.
D)database.
Answer: B
To view all questions and flashcards with answers, click on the resource link above.
4
Chapter 3: Systems Development and Documentation Techniques
Available Study Resources on Quizplus for this Chatper
99 Verified Questions
99 Flashcards
Source URL: https://quizplus.com/quiz/69574
Sample Questions
Q1) In a program flowchart comparison of one or more variables,the transfer of flow to alternative logic paths is represented by
A)a terminal.
B)data/information flow.
C)computer operation.
D)decision diamond.
Answer: D
Q2) A graphical representation of the relationship among the input,processing and output in an information system is called
A)a data flow diagram.
B)a document flowchart.
C)a system flowchart.
D)a program flowchart.
Answer: C
Q3) P71 56)What are the four categories of flowcharting symbols?
Answer: The four categories of flowcharting symbols are: input/output,processing,storage,flow and miscellaneous.
To view all questions and flashcards with answers, click on the resource link above.
Page 5
Chapter 4: Relational Databases
Available Study Resources on Quizplus for this Chatper
90 Verified Questions
90 Flashcards
Source URL: https://quizplus.com/quiz/69573
Sample Questions
Q1) The database constraint that says that foreign keys must be null or have a value corresponding to the value of a primary key in another table is formally called the A)entity integrity rule.
B)referential integrity rule.
C)rule of keys.
D)referential entity rule.
Q2) All of the following are benefits of database technology except:
A)Data integration and sharing
B)Decentralized management of data
C)Minimal data redundancy
D)Reporting flexibility
Q3) One important constraint in a relational database environment is that a primary key uniquely identifies each row in a data table.This principle is called the A)entity integrity rule.
B)referential integrity rule.
C)unique primary key rule.
D)foreign key rule.
Q4) What is a data dictionary?
To view all questions and flashcards with answers, click on the resource link above.
Chapter 5: Computer Fraud and Security
Available Study Resources on Quizplus for this Chatper
95 Verified Questions
95 Flashcards
Source URL: https://quizplus.com/quiz/69572
Sample Questions
Q1) Chiller451 was chatting online with 3L3tCowboy."I can't believe how lame some people are! :)I can get into any system by checking out the company web site to see how user names are defined and who is on the employee directory.Then,all it takes is brute force to find the password." Chiller451 is a __________ and the method he is describing is ___________.
A)phreaker; dumpster diving
B)hacker; social engineering
C)phreaker; the salami technique
D)hacker; password cracking
Q2) Stealing a master list of customers and selling it to a competitor is an example of A)data theft.
B)output theft.
C)disbursement fraud.
D)a trap door technique.
Q3) Most fraud perpetrators are insiders because
A)insiders are more dishonest than outsiders.
B)insiders know more about the system and its weaknesses than outsiders.
C)outsiders are more likely to get caught than insiders.
D)insiders have more need for money than outsiders.
To view all questions and flashcards with answers, click on the resource link above.
Page 7
Chapter 6: Control and Accounting Information Systems
Available Study Resources on Quizplus for this Chatper
87 Verified Questions
87 Flashcards
Source URL: https://quizplus.com/quiz/69571
Sample Questions
Q1) Regarding project development and acquisition controls,a ________ is created to guide and oversee systems development and acquisition.
A)Performance evaluation
B)Project development plan
C)Steering committee
D)Strategic master plan
Q2) Which of the following is not one of the important aspects of the Sarbanes-Oxley Act?
A)The creation of the Public Company Accounting Oversight Board
B)New rules for auditors and management
C)New roles for audit committees
D)New rules for information systems development
Q3) The internal control model developed by COSO is comprised of five interrelated components.Among these components is the internal environment.Which attribute below is not part of the internal environment?
A)the competence of an organization's people
B)the integrity of an organization's people
C)monitoring activities within the organization itself
D)the ethical values of an organization's people
To view all questions and flashcards with answers, click on the resource link above.
Page 8
Chapter 7: Infromation System Controls for Systems
Reliability
Available Study Resources on Quizplus for this Chatper
82 Verified Questions
82 Flashcards
Source URL: https://quizplus.com/quiz/69570
Sample Questions
Q1) What are the problems with symmetric encryption?
Q2) Which of the following preventive controls are necessary to provide adequate security that deals with social engineering?
A)Controlling remote access
B)Encryption
C)Host and application hardening
D)Training
Q3) Information encrypted with the creator's private key that is used to authenticate the sender is.
A)Asymmetric encryption
B)Digital certificate
C)Digital signature
D)Public key
Q4) An electronic document that certifies the identity of the owner of a particular public key.
A)Asymmetric encryption
B)Digital certificate
C)Digital signature
D)Public key
Q5) What are three ways users can be authenticated?
To view all questions and flashcards with answers, click on the resource link above. Page 9
Chapter 8: Auditing Computer-Based Information Systems
Available Study Resources on Quizplus for this Chatper
77 Verified Questions
77 Flashcards
Source URL: https://quizplus.com/quiz/69569
Sample Questions
Q1) A facility that contains all the computing equipment the organization needs to perform its essential business activities.
A)a cold site
B)a hot site
C)a remote sister site
D)a subsidiary location
Q2) The devices that direct TCP/IP packets to their destinations are called A)servers.
B)access points.
C)routers.
D)coaxial stackers.
Q3) The Spontaneous Combustion Rocket Shoppe in downtown Fargo,North Dakota,generates three quarters of its revenue from orders taken over the Internet.The revenue clearing account is debited by the total of cash and credit receipts and credited by the total of storefront and Internet sales.This is an example of a
A)data integrity test.
B)zero-balance test.
C)trial balance audit.
D)cross-footing balance test.
To view all questions and flashcards with answers, click on the resource link above.
Page 10
Chapter 9: Auditing Computer-Based Informtion Systems
Available Study Resources on Quizplus for this Chatper
94 Verified Questions
94 Flashcards
Source URL: https://quizplus.com/quiz/69568
Sample Questions
Q1) Interviews with operations employees indicate that delays in the delivery of components often result in "slack time" during which production stops and employees are idle.This is an application of which of the following five internal audit scope standards?
A)Operating and financial information integrity
B)Policy compliance verification
C)Asset security verification
D)Resource use efficiency
E)Operational effectiveness
Q2) An auditor finds that absentee rates are significantly higher on Mondays and Fridays than on other work days.This is an example collecting audit evidence by A)confirmation.
B)reperformance.
C)vouching.
D)analytical review.
Q3) Name and briefly describe the different types of audits.
Q4) List the types of risk possible when conducting an audit.
Q5) What does an auditor examine when performing a detailed analysis of program logic?
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 10: The Revenue Cycle: Sales an Cash Collections
Available Study Resources on Quizplus for this Chatper
94 Verified Questions
94 Flashcards
Source URL: https://quizplus.com/quiz/69567
Sample Questions
Q1) Poor performance in the area of cash collections is a threat to the business.What controls can be used to help neutralize this threat?
Q2) It has been discovered that credit sales have been made to customers with a poor credit rating.If this activity continues,the company may face uncollectible sales and losses due to bad debts.What applicable control procedure may help the company to gain control over this situation?
A)separation of shipping and billing duties
B)credit approval by a credit manager and not marketing personnel
C)data entry application controls
D)price lists
Q3) To accomplish the objectives set forth in the revenue cycle,a number of key management decisions must be addressed.Which of the decisions below is not ordinarily found as part of the revenue cycle?
A)What credit terms should be offered?
B)How often should accounts receivable be subjected to audit?
C)How can customer payments be processed to maximize cash flows?
D)What are the optimal prices for each product or service?
Q4) Explain how to effectively segregate duties in the sales order cycle.
Q5) What is a CRM system?
To view all questions and flashcards with answers, click on the resource link above. Page 12
Chapter 11: The Expenditure Cycle: Purchasing and Cash
Disbursements
Available Study Resources on Quizplus for this Chatper
89 Verified Questions
89 Flashcards
Source URL: https://quizplus.com/quiz/69566
Sample Questions
Q1) Double-checking the accuracy of an invoice is an applicable control that can help to neutralize a threat in the expenditure cycle.What process or activity would specifically be associated with this control?
A)order goods
B)receive and store goods
C)pay for goods and services
D)general issues
Q2) The purchasing manager at Folding Squid Technologies has responsibility for reviewing and authorizing purchase orders.He also reviews receiving reports,approves or corrects them,and authorizes the cashier to pay vendor invoices.Which of the following would correct control weaknesses,if any,related to these activities?
A)Vendor invoices should be reviewed by the purchasing manager to ensure that they are correct.
B)Accounts payable should reconcile purchase orders,receiving reports,and invoices.
C)Vendor invoices should be reviewed by accounts receivable and then cancelled when paid.
D)Controls are adequate under the current system.
Q3) Define the materials requirement planning (MRP)
To view all questions and flashcards with answers, click on the resource link above. Page 13
Chapter 12: The Production Cycle
Available Study Resources on Quizplus for this Chatper
87 Verified Questions
87 Flashcards
Source URL: https://quizplus.com/quiz/69565
Sample Questions
Q1) There are several criticisms of traditional cost accounting systems.One criticism is that the traditional cost system uses a volume-driven base,such as direct labor or machine hours,to apply overhead to products.What is the drawback to the use of such a measurement in a traditional cost accounting system?
A)The cost accountant may not fully understand how to track direct labor or machine hours.
B)It is difficult for an AIS to incorporate such a measurement into its system.
C)It is difficult for an ERP to incorporate such a measurement into its integrated system.
D)Many overhead costs are incorrectly allocated to products since they do not vary with production volume.
Q2) The expenses associated with the use of clean rooms in the production of computer hard drives are ______ costs.
A)prevention
B)inspection
C)internal failure
D)external failure
Q3) Discuss the role the accountant can play in the production cycle.
Q4) Explain the difference between job-order and process costing.
To view all questions and flashcards with answers, click on the resource link above.
Page 14
Chapter 13: The Human Resources Managementpayroll Cycle
Available Study Resources on Quizplus for this Chatper
93 Verified Questions
93 Flashcards
Source URL: https://quizplus.com/quiz/69564
Sample
Questions
Q1) One good way to eliminate paper paychecks is to
A)pay in cash only.
B)pay with money orders.
C)use the direct deposit method to transfer funds into employee bank accounts.
D)use EFT.
Q2) Employee turnover will always occur and some experts believe it may even be desirable in an organization.Experts estimate that on average the costs associated with replacing an employee are about __________ that of the employee's annual salary.
A)one-quarter
B)one-half
C)one and one-half
D)twice
Q3) Which of the following is a control that addresses the threat of payroll processing errors?
A)Field checks
B)Batch totals
C)Segregation of duties
D)Sound hiring procedures
Q4) What are different types of deductions in payroll?
To view all questions and flashcards with answers, click on the resource link above. Page 15
Chapter 14: General Ledger and Reporting System
Available Study Resources on Quizplus for this Chatper
81 Verified Questions
81 Flashcards
Source URL: https://quizplus.com/quiz/69563
Sample Questions
Q1) Immediately after the adjusting entries are completed,the next step in the general ledger and reporting system is to prepare
A)an adjusted trial balance.
B)a closing entry.
C)a worksheet.
D)the statement of cash flows.
Q2) Communications technology and the Internet can be used to reduce the time and costs involved in disseminating financial statement information.Users of such financial information still struggle in that many recipients have different information delivery requirements and may have to manually reenter the information into their own decision analysis tools.The ideal solution to solve these problems and efficiently transmit financial information via the Internet is to use
A)HTML code.
B)XML.
C)the pdf file format.
D)XBRL.
Q3) How is an audit trail used in the general ledger and reporting system?
Q4) What is a general ledger and reporting system?
Q5) What is a journal voucher file? What is the purpose of this file?
To view all questions and flashcards with answers, click on the resource link above. Page 16
Chapter 15: Data Modeling and Database Design
Available Study Resources on Quizplus for this Chatper
80 Verified Questions
80 Flashcards
Source URL: https://quizplus.com/quiz/69562
Sample Questions
Q1) Describe the possible relationships between entities in terms of cardinalities.
Q2) Developing an REA diagram for a specific transaction cycle consists of steps.The second step involves
A)Identifying agents
B)Identifying resources
C)Identifying cardinality
D)Both a and b
Q3) The "get" event represents an activity which
A)includes a promise to engage in future economic exchanges.
B)increases the organization's stock of an economic resource.
C)reduces the organization's stock of a resource that has economic value
D)none of the above.
Q4) Which is a true statement about the REA data model?
A)The REA data model classifies entities into three distinct categories.
B)The term REA is an acronym that stands for resources,entities,and agents.
C)Using an REA data model is not helpful when creating an R-E diagram.
D)The "E" in the REA data model stands for things that have an economic value to the organization.
Q5) List the five stages in the database design process.
Q6) Define minimum and maximum cardinalities.
Page 17
To view all questions and flashcards with answers, click on the resource link above.
Chapter 16: Implementing an Rea Model in a Relational Database
Available Study Resources on Quizplus for this Chatper
77 Verified Questions
77 Flashcards
Source URL: https://quizplus.com/quiz/69561
Sample Questions
Q1) In a relational database,which of the following attributes would typically be included in the table that stores data about the Customer entity?
A)Invoice number
B)Credit limit
C)Product code
D)Backorder
Q2) Concerning the creation of tables from an REA diagram,which of the following is false?
A)A properly designed relational database has a table for each distinct entity in an REA diagram.
B)A properly designed relational database has a table for each many-to-many relationship in an REA diagram.
C)To reduce confusion,table names should not duplicate REA diagram entities' names.
D)Many-to-many relationships will be shown in tables with hyphenated concatenations of the entities' names.
Q3) In order to integrate separate REA diagrams into an integrated organizational REA model,what must the designer understand?
To view all questions and flashcards with answers, click on the resource link above.
Page 18
Chapter 17: Special Topics in Rea Modeling
Available Study Resources on Quizplus for this Chatper
77 Verified Questions
77 Flashcards
Source URL: https://quizplus.com/quiz/69560
Sample Questions
Q1) In the human resources REA model,the relationship between the Employees and Training is
A)1:1
B)1:N
C)M:N
D)None of the above
Q2) An REA diagram for the production cycle would likely show _____ relationships between the Bill of Materials entity and both the Raw Materials and Finished Goods entities.
A)1:1
B)1:N
C)M:N
D)None of the above
Q3) Warehouse number is most likely to be a foreign key in:
A)Order Goods
B)Pay for Goods
C)Receive Goods
D)Warehouse
Q4) Why might an REA diagram show relationships between agents?
Q5) Why is cost information stored in several relational tables?
To view all questions and flashcards with answers, click on the resource link above. Page 19
Chapter 18: Introduction to Systems Development and Systems Analysis
Available Study Resources on Quizplus for this Chatper
94 Verified Questions
94 Flashcards
Source URL: https://quizplus.com/quiz/69559
Sample Questions
Q1) Identify the main reasons why companies change existing systems?
Q2) Which group of professionals is responsible for planning and monitoring a project to ensure timely and cost-effective completion?
A)information systems steering committee
B)management
C)project development team
D)system analysts
Q3) The type of resistance in which data are erroneously entered into a system is called
A)acceptance.
B)aggression.
C)avoidance.
D)projection.
Q4) A good rule to follow is "Avoid complex systems that cause radical changes." What expression is used to describe this system design rule?
A)humanize the system
B)keep the system simple
C)present the system in its proper context
D)test the system's integrity
To view all questions and flashcards with answers, click on the resource link above. Page 20
Chapter 19: Ais Development Strategies
Available Study Resources on Quizplus for this Chatper
95 Verified Questions
95 Flashcards
Source URL: https://quizplus.com/quiz/69558
Sample Questions
Q1) One of the principles of business process reengineering is to centralize and disperse data.How is this principle defined?
A)certain processes can be performed in parallel and integrated at the end
B)data is entered once in an on line database and made available to all who need it
C)existing job descriptions and departmental boundaries are eliminated
D)information technology can maintain a centralized database,while telecommunications technology can disburse data to necessary locations
Q2) Explain the concept of an application service provider.
Q3) Firms should consider preparing a software prototype if the software
A)will be used for a critical function like inventory management.
B)automates a structured task.
C)can be produced using outside developers.
D)inputs and outputs are not clearly defined..
Q4) Firms should consider developing custom software only if
A)it will be used for critical functions like accounts receivable.
B)it will contribute to development of a significant competitive advantage.
C)the firm has the necessary expertise available in-house.
D)the available canned software is very expensive.
To view all questions and flashcards with answers, click on the resource link above.
Page 21
Chapter 20: Systems Design, Implementation and Operation
Available Study Resources on Quizplus for this Chatper
86 Verified Questions
86 Flashcards
Source URL: https://quizplus.com/quiz/69557
Sample Questions
Q1) Which of the following is not one of the types of documentation that should be prepared for a new system?
A)Management
B)Operations
C)User
D)Development
Q2) "Conversion" in the implementation planning and conversion phase of the SDLC is the task of changing from an old system to a new system.What is the name for the type of conversion where the old AIS is immediately terminated as the new AIS is introduced?
A)direct conversion
B)parallel conversion
C)phase-in conversion
D)pilot conversion
Q3) In __________,old and new systems are operated simultaneously for a period of time.
A)direct conversion
B)parallel conversion
C)phase-in conversion
D)pilot conversion
To view all questions and flashcards with answers, click on the resource link above. Page 22