WGU D217 Accounting Information
Systems
Which of the following is a problem usually associated with the flat-file approach to data
management? - Precise Answer ✔✔data redundancy
Which problem is characteristically associated with the flat-file approach to data
management? - Precise Answer ✔✔the inability to determine what data is available
A description of the physical arrangement of records in the database is - Precise Answer
✔✔the internal view.
Which of the following may provide many distinct views of the database? - Precise Answer
✔✔ the user view
The update anomaly in unnormalized tables - Precise Answer ✔✔occurs because of data
redundancy.
The deletion anomaly in unnormalized tables - Precise Answer ✔✔may result in the loss of
important data.
Which document triggers the revenue cycle? - Precise Answer ✔✔the customer purchase
order
Which department is least likely to be involved in the revenue cycle? - Precise Answer
✔✔The accounts payable department is least likely to be involved in the revenue cycle.
Accounts payable is charged with managing the segment of the expenditure cycle that
involves payments to vendors and creditors.
,The purpose of the sales invoice is to - Precise Answer ✔✔The purpose of the sales invoice is
to bill the customer. The sales invoice will be sent to the customer for payment. At the same
time the invoice will also update inventory, send a journal to the general ledger, and record
the sales journal.
Which type of control is considered a compensating control for customer payments? -
Precise Answer ✔✔
Supervision is a compensating control for customer payments.
Compensating controls are put in place when more effective controls are deemed too
difficult or costly to implement. Supervision is the simplest and most common form of
compensating control.
Commercial accounting systems have fully integrated modules. The word "integrated" means
that - Precise Answer ✔✔
The word "integrated" means that the transfer of information
among modules occurs automatically. In a fully integrated system, the shipping advice will
generate the request for invoice automatically. This eliminates the risk that the invoice
request is not processed or is processed for a different amount.
A copy of the purchase order (PO) is sent to the - Precise Answer ✔✔A copy of the purchase
order (PO) is sent to the vendor. The purchase order is the formal document that tells the
vendor what material is needed, at what price, in what quantity and on what date.
The departments involved in the purchasing process are purchasing, receiving, inventory
control and - Precise Answer ✔✔ The departments involved in the purchasing process are
purchasing, receiving, inventory control and accounts payable. Accounts payable completes
the purchasing process by authorizing and executing the cash disbursement based on a signal
from receiving or inventory control.
When a cash disbursement in payment of an accounts payable is recorded - Precise Answer
✔✔ When a cash disbursement in payment of an accounts payable is recorded the liability
account is decreased. On the Balance Sheet, accounts payable is a current liability. When a
cash disbursement is recorded, the liability will be reduced.
, The greatest risk of misappropriation of funds occurs in - Precise Answer ✔✔
The greatest risk
of misappropriation of funds occurs in accounts payable. This may take the form of payments
for goods not ordered or received and to vendors that do not exist. The risk can be reduced
through supervision, segregation of duties, independent verification, or automated
processes.
In a firm with proper segregation of duties, adequate supervision as a compensating control is
still necessary in - Precise Answer✔✔ In a firm with proper segregation of duties, adequate
supervision is most critical in receiving. Every day materials arrive on the receiving dock. Until
those receipts are recorded in the system, they are invisible to anyone but the receivers and
their supervisors. Supervision is a compensating control appropriate before more automated
controls take effect. Scanning technology and automated three-way match are technological
controls that reduce risk.
The fixed asset system records the - Precise Answer ✔✔The fixed asset system records the
purchase of a new plant. The fixed asset system records property, plant, and equipment used
in the operation of the business. These represent the largest investments of the firm.
In a technology enabled payroll system, Personnel, Time Keeping, Payroll, and Accounts
Payable connect to which department to pay employees? - Precise Answer ✔✔
In a
technology-enabled payroll system, Personnel, Time Keeping, Payroll and Accounts Payable
connect to cash disbursements to pay employees. Personnel inputs the basic employee
information and rate of pay; Time Keeping collects hours worked and verifies time cards;
Payroll inputs the hours worked into the payroll system which calculates gross and net pay,
taxes, and other deductions; Accounts Payable approves the payment amount; and finally
cash disbursements issues pay checks or direct deposit. The general ledger will be updated
after the cash disbursement occurs.
An important reconciliation in the payroll system is - Precise Answer ✔✔An important
reconciliation in the payroll system is that the general ledger compares the labor distribution
summary from cost accounting to the disbursement voucher from accounts payable. Cost
accounting will be tracking the job tickets to properly account for work in process. Accounts
payable will produce a disbursement voucher based on input from timecards. Job tickets and
timecards should match when hours and hourly rates are extended.
Systems
Which of the following is a problem usually associated with the flat-file approach to data
management? - Precise Answer ✔✔data redundancy
Which problem is characteristically associated with the flat-file approach to data
management? - Precise Answer ✔✔the inability to determine what data is available
A description of the physical arrangement of records in the database is - Precise Answer
✔✔the internal view.
Which of the following may provide many distinct views of the database? - Precise Answer
✔✔ the user view
The update anomaly in unnormalized tables - Precise Answer ✔✔occurs because of data
redundancy.
The deletion anomaly in unnormalized tables - Precise Answer ✔✔may result in the loss of
important data.
Which document triggers the revenue cycle? - Precise Answer ✔✔the customer purchase
order
Which department is least likely to be involved in the revenue cycle? - Precise Answer
✔✔The accounts payable department is least likely to be involved in the revenue cycle.
Accounts payable is charged with managing the segment of the expenditure cycle that
involves payments to vendors and creditors.
,The purpose of the sales invoice is to - Precise Answer ✔✔The purpose of the sales invoice is
to bill the customer. The sales invoice will be sent to the customer for payment. At the same
time the invoice will also update inventory, send a journal to the general ledger, and record
the sales journal.
Which type of control is considered a compensating control for customer payments? -
Precise Answer ✔✔
Supervision is a compensating control for customer payments.
Compensating controls are put in place when more effective controls are deemed too
difficult or costly to implement. Supervision is the simplest and most common form of
compensating control.
Commercial accounting systems have fully integrated modules. The word "integrated" means
that - Precise Answer ✔✔
The word "integrated" means that the transfer of information
among modules occurs automatically. In a fully integrated system, the shipping advice will
generate the request for invoice automatically. This eliminates the risk that the invoice
request is not processed or is processed for a different amount.
A copy of the purchase order (PO) is sent to the - Precise Answer ✔✔A copy of the purchase
order (PO) is sent to the vendor. The purchase order is the formal document that tells the
vendor what material is needed, at what price, in what quantity and on what date.
The departments involved in the purchasing process are purchasing, receiving, inventory
control and - Precise Answer ✔✔ The departments involved in the purchasing process are
purchasing, receiving, inventory control and accounts payable. Accounts payable completes
the purchasing process by authorizing and executing the cash disbursement based on a signal
from receiving or inventory control.
When a cash disbursement in payment of an accounts payable is recorded - Precise Answer
✔✔ When a cash disbursement in payment of an accounts payable is recorded the liability
account is decreased. On the Balance Sheet, accounts payable is a current liability. When a
cash disbursement is recorded, the liability will be reduced.
, The greatest risk of misappropriation of funds occurs in - Precise Answer ✔✔
The greatest risk
of misappropriation of funds occurs in accounts payable. This may take the form of payments
for goods not ordered or received and to vendors that do not exist. The risk can be reduced
through supervision, segregation of duties, independent verification, or automated
processes.
In a firm with proper segregation of duties, adequate supervision as a compensating control is
still necessary in - Precise Answer✔✔ In a firm with proper segregation of duties, adequate
supervision is most critical in receiving. Every day materials arrive on the receiving dock. Until
those receipts are recorded in the system, they are invisible to anyone but the receivers and
their supervisors. Supervision is a compensating control appropriate before more automated
controls take effect. Scanning technology and automated three-way match are technological
controls that reduce risk.
The fixed asset system records the - Precise Answer ✔✔The fixed asset system records the
purchase of a new plant. The fixed asset system records property, plant, and equipment used
in the operation of the business. These represent the largest investments of the firm.
In a technology enabled payroll system, Personnel, Time Keeping, Payroll, and Accounts
Payable connect to which department to pay employees? - Precise Answer ✔✔
In a
technology-enabled payroll system, Personnel, Time Keeping, Payroll and Accounts Payable
connect to cash disbursements to pay employees. Personnel inputs the basic employee
information and rate of pay; Time Keeping collects hours worked and verifies time cards;
Payroll inputs the hours worked into the payroll system which calculates gross and net pay,
taxes, and other deductions; Accounts Payable approves the payment amount; and finally
cash disbursements issues pay checks or direct deposit. The general ledger will be updated
after the cash disbursement occurs.
An important reconciliation in the payroll system is - Precise Answer ✔✔An important
reconciliation in the payroll system is that the general ledger compares the labor distribution
summary from cost accounting to the disbursement voucher from accounts payable. Cost
accounting will be tracking the job tickets to properly account for work in process. Accounts
payable will produce a disbursement voucher based on input from timecards. Job tickets and
timecards should match when hours and hourly rates are extended.
