WGU D217 ACCOUNTING INFORMATION SYSTEMS| OA|
OBJECTIVE ASSESSMENT | ACTUAL QUESTIONS AND 05/08/2026
ANSWERS
WGU D217 Accounting Information Systems| OA| Objective Assessment |
Actual Questions and Answers Latest Updated 2025/2026
The primary input to the transaction processing system is
a financial transaction
The major difference between the financial reporting system (FRS) and the management reporting
system (MRS) is the
FRS provides information to external users; the MRS provides information to internal users.
The author distinguishes between the accounting information system and the management information
system based on
whether the transactions are financial or nonfinancial that directly affect the processing of financial
transactions
An example of a financial transactions is
the purchase of computer
An example of a nonfinancial transaction is
log of customer calls
5/8/2026
The transaction processing system includes which of the following
the conversion cycle
1
, WGU D217 ACCOUNTING INFORMATION SYSTEMS| OA|
OBJECTIVE ASSESSMENT | ACTUAL QUESTIONS AND 05/08/2026
ANSWERS
The goal of data processing is
the production of useful information
Which of the following is an external end user?
tax authorities
An appraisal function housed within the organization that performs a wide range of services for
management is
internal auditing
What factor conceptually distinguishes external auditing and internal auditing?
constituents
What system is part of the expenditure cycle?
cash disbursements
Both the revenue and the expenditure cycle can be viewed as having two parts. These key parts are
physical and financial
5/8/2026
2
, WGU D217 ACCOUNTING INFORMATION SYSTEMS| OA|
OBJECTIVE ASSESSMENT | ACTUAL QUESTIONS AND 05/08/2026
ANSWERS
System flowcharts do which one of the following?
represent relationships between key elements of both manual and computer systems
Which symbol is used to represent a data source or destination of documents and reports in a system
flowchart?
oval
Which accounting application is least suited to batch processing?
Sales Order Processing
In contrast to a real-time system, in a batch processing system
there is a lag between the time when the economic event occurs, and the financial records are
updated.
In contrast to a batch processing system, in a real-time system
processing takes place when the economic event occurs.
The coding scheme most appropriate for a chart of accounts is
block code
5/8/2026
When a firm wants its coding system to convey meaning without reference to any other document, it
would choose
3
, WGU D217 ACCOUNTING INFORMATION SYSTEMS| OA|
OBJECTIVE ASSESSMENT | ACTUAL QUESTIONS AND 05/08/2026
ANSWERS
a mnemonic code
The most important advantage of sequential coding is that
missing or unrecorded documents can be identified.
Li has implemented a new accounting information system (AIS) to help him manage his construction
company. Li uses the information captured by the system to plan each project, forecasting the
requirements for raw materials and the cash flow expected. Which AIS subsystem helps Li in planning?
Management Reporting System (MRS)
Which information does the management reporting system (MRS) provide?
Variance reports
Useful information has the following characteristics: relevance, timeliness, accuracy, completeness, and
summarization. What happens if the information is old?
The decision maker wastes resources analyzing outdated information.
Useful information has the following characteristics: relevance, timeliness, accuracy, completeness, and
summarization. What happens if the information is inaccurate?
The decision maker receives materially wrong information.
5/8/2026
4
OBJECTIVE ASSESSMENT | ACTUAL QUESTIONS AND 05/08/2026
ANSWERS
WGU D217 Accounting Information Systems| OA| Objective Assessment |
Actual Questions and Answers Latest Updated 2025/2026
The primary input to the transaction processing system is
a financial transaction
The major difference between the financial reporting system (FRS) and the management reporting
system (MRS) is the
FRS provides information to external users; the MRS provides information to internal users.
The author distinguishes between the accounting information system and the management information
system based on
whether the transactions are financial or nonfinancial that directly affect the processing of financial
transactions
An example of a financial transactions is
the purchase of computer
An example of a nonfinancial transaction is
log of customer calls
5/8/2026
The transaction processing system includes which of the following
the conversion cycle
1
, WGU D217 ACCOUNTING INFORMATION SYSTEMS| OA|
OBJECTIVE ASSESSMENT | ACTUAL QUESTIONS AND 05/08/2026
ANSWERS
The goal of data processing is
the production of useful information
Which of the following is an external end user?
tax authorities
An appraisal function housed within the organization that performs a wide range of services for
management is
internal auditing
What factor conceptually distinguishes external auditing and internal auditing?
constituents
What system is part of the expenditure cycle?
cash disbursements
Both the revenue and the expenditure cycle can be viewed as having two parts. These key parts are
physical and financial
5/8/2026
2
, WGU D217 ACCOUNTING INFORMATION SYSTEMS| OA|
OBJECTIVE ASSESSMENT | ACTUAL QUESTIONS AND 05/08/2026
ANSWERS
System flowcharts do which one of the following?
represent relationships between key elements of both manual and computer systems
Which symbol is used to represent a data source or destination of documents and reports in a system
flowchart?
oval
Which accounting application is least suited to batch processing?
Sales Order Processing
In contrast to a real-time system, in a batch processing system
there is a lag between the time when the economic event occurs, and the financial records are
updated.
In contrast to a batch processing system, in a real-time system
processing takes place when the economic event occurs.
The coding scheme most appropriate for a chart of accounts is
block code
5/8/2026
When a firm wants its coding system to convey meaning without reference to any other document, it
would choose
3
, WGU D217 ACCOUNTING INFORMATION SYSTEMS| OA|
OBJECTIVE ASSESSMENT | ACTUAL QUESTIONS AND 05/08/2026
ANSWERS
a mnemonic code
The most important advantage of sequential coding is that
missing or unrecorded documents can be identified.
Li has implemented a new accounting information system (AIS) to help him manage his construction
company. Li uses the information captured by the system to plan each project, forecasting the
requirements for raw materials and the cash flow expected. Which AIS subsystem helps Li in planning?
Management Reporting System (MRS)
Which information does the management reporting system (MRS) provide?
Variance reports
Useful information has the following characteristics: relevance, timeliness, accuracy, completeness, and
summarization. What happens if the information is old?
The decision maker wastes resources analyzing outdated information.
Useful information has the following characteristics: relevance, timeliness, accuracy, completeness, and
summarization. What happens if the information is inaccurate?
The decision maker receives materially wrong information.
5/8/2026
4
