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AIS Final Exam Questions and Answers
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AIS Final Exam Questions and Answers 1. An accounting information system serves many functions - which of the following is NOT one of those functions? (2 Points) a) Capture the details of a transaction b) Implement the start of a transaction c) Provide reports of transactions d) Process the tr...

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  • August 4, 2024
  • 46
  • 2024/2025
  • Exam (elaborations)
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AIS Final Exam Questions and Answers
1. An accounting information system serves many functions - which of the following is
NOT one of those functions? (2 Points)
a) Capture the details of a transaction
b) Implement the start of a transaction
c) Provide reports of transactions
d) Process the transactions details into appropriate accounts - answer b

2. Output from an accounting information system would NOT include: (2 Points)
a) Checks to vendors
b) Invoices from vendors
c) Customer statements
d) Purchase orders - answer b

3. The purposeful and organized changing of business processes to make them more
efficient is referred to as: (2 Points)
a) Information Technology Engineering
b) Information Systems Management
c) Business Process Reengineering
d) Business Process Supply Chain - answer c

4. A collection of data stored on a computer in a form that allows the data to be easily
accessed, retrieved, manipulated, and stored is referred to as a(n): (2 Points)
a) Accounting Information System
b) Information Technology
c) Database
d) Master File - answer c

5. The organization of files in a computer system normally uses one of two different
access methods. The access method where the files are not stored in sequence, one
record not stored immediately after another, is referred to as: (2 Points)
a) Indexed Access
b) Batch Access
c) Sequential Access
d) Random Access - answer d

6. A type of online processing where a transaction is processed immediately so that the
output is available immediately is termed: (2 Points)
a) Virtual Processing
b) Sequential Processing
c) Real-Time Processing
d) Batch Processing - answer c

,7. A company's private network, accessible only to the employees of that company is
the: (2 Points)
a) WAN
b) Intranet
c) Internet
d) LAN - answer b

8. ________ is accomplished through ongoing management activities, separate
evaluations, or both. (2 Points)
a) Control activities
b) Risk Assessment
c) Risk Response
d) Monitoring - answer d

9. The purpose of this 2002 act was to improve financial reporting and reinforce the
importance of corporate ethics. (2 Points)
a) Foreign Corrupt Practices Act
b) Sarbanes-Oxley Act
c) Securities and Exchange Act
d) Treadway Act - answer b

10. The proper management, control, and use of IT systems are known as: (2 Points)
a) IT Governance
b) IT Controls
c) IT Risk Management
d) IT Code of Ethics - answer a

11. Location-independent (Remote) computing in which shared data centers deliver
hosted IT services over the Internet is called (2 Points)
a) IT outsourcing
b) network administration
c) cloud computing
d) custom software - answer c

12. The value of information for users is determined by all of the following except (2
Points)
a) reliability
b) relevance
c) convenience
d) completeness - answer c

13. The correct order of the computer data hierarchy is: (2 Points)
a) Byte, bit, record, field, file, database
b) Bit, byte, record, field, file, database
c) Bit, byte, field, record, file, database
d) Bit, byte, field, record, database, file - answer c

,14. The process of searching for identifiable patterns in data is called: (2 Points)
a) Sequential processing
b) Data mining
c) Data warehousing
d) Real-time processing - answer b

15. A prescribed sequence of work steps preformed in order to produce a desired result
for the organization is called a(n): (2 Points)
a) Accounting Information System
b) Business Process
c) Financial Transaction
d) Capital Transaction Process - answer b

16. The process that must identify the transactions to be recorded, capture all the
important details of the transactions, properly process and store the transaction details,
and provide reports is termed the: (2 Points)
a) Revenue Process
b) Expenditure Process
c) Business Process
d) Accounting Information System - answer d

17. Work steps that are internal controls within the business process would include: (2
Points)
a) Reconciling a cash register at the end of each day.
b) Using an electronic register to record all sales transactions.
c) Combining both manual and computer based records.
d) Preparation of internal reports to monitor the performance of a specific department. -
answer a

18. This type of computer network is one that spans a relatively small area - often
confined to a single building or group of buildings, and are intended to connect
computers within an organization. (2 Points)
a) Local Area Network (LAN)
b) Wide Area Network (WAN)
c) Extranet
d) Internet - answer a

19. A process, effected by an entity's board of directors, management and other
personnel, applied in strategy setting and across the enterprise, designed to identify
potential events that may affect the entity, and manage risk to be within its risk appetite,
to provide reasonable assurance regarding the achievement of entity objectives is
referred to as: (2 Points)
a) Enterprise resource planning
b) Enterprise risk management
c) IT system control structure

, d) Corporate governance structure - answer b

20. The company's development and adherence to this should reduce the opportunities
for managements or employees to conduct fraud. (2 Points)
a) Code of ethics
b) Products that provide value in the market place
c) Application controls
d) Corporate governance - answer a

1. IT systems have dramatically affected many aspects of business. Which of the
following is not one of the changes?
a) Data input into accounting information systems.
b) The way that data is processed in the system.
c) The accounting information that is reported by the system.
d) The outputs of the system. - answer c

2. When a transaction occurs there are systematic and defined steps that take place
within the organization to complete all of the underlying tasks. These "defined steps" are
referred to as:
a) Business Processes
b) Financial Transactions
c) Accounting Information Systems
d) Customer Service Arenas - answer a

3. Which of the following correctly states the order of steps in a manual accounting
system?
a) Source Documents, Journals, Ledgers, Reports
b) Journals, Source Documents, Ledgers, Reports
c) Source Documents, Ledgers, Journals, Reports
d) Ledgers, Reports, Journals, Source Documents - answer a

4. The choice of accounting information system will depend on all of the following
except:
a) The size of the organization
b) The philosophy of management
c) The ability of the company to capture information
d) The nature of its processes - answer c

5. A source document serves important functions in the accounting system. Which of
the following is not one of those functions?
a) Provides the output data for financial reports
b) Serves as part of the permanent audit trail
c) Triggers beginning of business processes
d) Provides the input data to record the transaction - answer a

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