,WGU D561 Information Systems for Accounting and Control Objective Assessment | OA Questions
and Answers | 2026 Update | 100% Correct.
Accounting Information Systems
1. What is the main purpose of an accounting information system (AIS)?
A. Replace all accountants
B. Collect, process, store, and report financial data
C. Eliminate audits
D. Prepare only tax returns
Answer: B
Explanation: AIS supports recording, processing, and reporting accounting information.
2. Which component of an AIS stores financial transaction data?
A. Database
B. Firewall
C. Router
D. Scanner
Answer: A
Explanation: Databases store structured accounting data.
3. Which document initiates the sales process?
A. Purchase order
B. Sales order
C. Receiving report
D. Vendor invoice
Answer: B
Explanation: A sales order records a customer’s request to buy goods or services.
4. Which document confirms goods were received from a supplier?
A. Receiving report
B. Sales invoice
C. Payroll register
D. Bank statement
Answer: A
Explanation: A receiving report documents goods received.
,5. Which subsystem records customer sales and cash receipts?
A. Revenue cycle
B. Expenditure cycle
C. Production cycle
D. Payroll cycle
Answer: A
Explanation: The revenue cycle handles sales, billing, and collections.
6. Which cycle includes purchasing inventory and paying suppliers?
A. Revenue cycle
B. Expenditure cycle
C. Financing cycle
D. HR cycle
Answer: B
Explanation: The expenditure cycle covers purchases and payments.
7. Which AIS output is used to summarize company financial performance?
A. Firewall log
B. Income statement
C. Access badge
D. Purchase requisition
Answer: B
Explanation: The income statement reports revenues and expenses.
8. What is a general ledger?
A. A list of employees
B. A central record of all accounts
C. A customer complaint file
D. A backup server
Answer: B
Explanation: The general ledger contains account balances and transaction postings.
, 9. What does ERP stand for?
A. Electronic Reporting Program
B. Enterprise Resource Planning
C. External Risk Protocol
D. Employee Review Process
Answer: B
Explanation: ERP systems integrate major business functions.
10. Which is a benefit of ERP systems?
A. Separate databases for each department
B. Integrated real-time data
C. No need for controls
D. Guaranteed fraud prevention
Answer: B
Explanation: ERP systems centralize and integrate organizational data.
Internal Controls
11. What is the purpose of internal controls?
A. Increase risk
B. Safeguard assets and ensure reliable reporting
C. Remove management responsibility
D. Eliminate accounting records
Answer: B
Explanation: Internal controls protect assets and improve reporting accuracy.
12. Which framework is commonly used for internal control evaluation?
A. COSO
B. FIFO
C. SWOT
D. HTML
Answer: A
Explanation: COSO is a widely used internal control framework.
and Answers | 2026 Update | 100% Correct.
Accounting Information Systems
1. What is the main purpose of an accounting information system (AIS)?
A. Replace all accountants
B. Collect, process, store, and report financial data
C. Eliminate audits
D. Prepare only tax returns
Answer: B
Explanation: AIS supports recording, processing, and reporting accounting information.
2. Which component of an AIS stores financial transaction data?
A. Database
B. Firewall
C. Router
D. Scanner
Answer: A
Explanation: Databases store structured accounting data.
3. Which document initiates the sales process?
A. Purchase order
B. Sales order
C. Receiving report
D. Vendor invoice
Answer: B
Explanation: A sales order records a customer’s request to buy goods or services.
4. Which document confirms goods were received from a supplier?
A. Receiving report
B. Sales invoice
C. Payroll register
D. Bank statement
Answer: A
Explanation: A receiving report documents goods received.
,5. Which subsystem records customer sales and cash receipts?
A. Revenue cycle
B. Expenditure cycle
C. Production cycle
D. Payroll cycle
Answer: A
Explanation: The revenue cycle handles sales, billing, and collections.
6. Which cycle includes purchasing inventory and paying suppliers?
A. Revenue cycle
B. Expenditure cycle
C. Financing cycle
D. HR cycle
Answer: B
Explanation: The expenditure cycle covers purchases and payments.
7. Which AIS output is used to summarize company financial performance?
A. Firewall log
B. Income statement
C. Access badge
D. Purchase requisition
Answer: B
Explanation: The income statement reports revenues and expenses.
8. What is a general ledger?
A. A list of employees
B. A central record of all accounts
C. A customer complaint file
D. A backup server
Answer: B
Explanation: The general ledger contains account balances and transaction postings.
, 9. What does ERP stand for?
A. Electronic Reporting Program
B. Enterprise Resource Planning
C. External Risk Protocol
D. Employee Review Process
Answer: B
Explanation: ERP systems integrate major business functions.
10. Which is a benefit of ERP systems?
A. Separate databases for each department
B. Integrated real-time data
C. No need for controls
D. Guaranteed fraud prevention
Answer: B
Explanation: ERP systems centralize and integrate organizational data.
Internal Controls
11. What is the purpose of internal controls?
A. Increase risk
B. Safeguard assets and ensure reliable reporting
C. Remove management responsibility
D. Eliminate accounting records
Answer: B
Explanation: Internal controls protect assets and improve reporting accuracy.
12. Which framework is commonly used for internal control evaluation?
A. COSO
B. FIFO
C. SWOT
D. HTML
Answer: A
Explanation: COSO is a widely used internal control framework.
