WGU D561 OBJECTIVE ASSESSMENT / INFORMATION SYSTEMS FOR ACCOUNTING AND CONTROL D561 WGU OA EXAM TEST BANK () PRACTICE QUESTIONS AND STUDY GUIED GURANTEED PASS GRADED A+ FULL REVISED WGU D561 INFORMATION SYSTEMS FOR ACCOUNTING AND CONTROL O

WGU D561 OBJECTIVE ASSESSMENT /
INFORMATION SYSTEMS FOR
ACCOUNTING AND CONTROL D561 WGU
OA EXAM TEST BANK (2026\2027)
PRACTICE QUESTIONS AND STUDY GUIED
GURANTEED PASS GRADED A+ FULL
REVISED WGU D561 INFORMATION
SYSTEMS FOR ACCOUNTING AND
CONTROL OBJECTIVE ASSESSMENT



1. What is the primary purpose of an Accounting Information System
(AIS)?

 A. To replace all management functions
 B. To collect, process, store, and report financial information for
decision-making
 C. To eliminate all business risks
 D. To increase tax liabilities

Correct Answer: B
An AIS integrates people, processes, data, and technology to collect,
process, store, and communicate financial and accounting information. The
system supports operational activities, management decision-making,
regulatory compliance, and financial reporting.

2. How does data differ from information in an accounting
information system?

 A. Data is output while information is input

,  B. Information is output while data is input
 C. Data and information are the same
 D. Information is raw facts while data is processed

Correct Answer: B
Data consists of raw facts that are input into the system, while information
is the processed, organized, and meaningful output that results from
analyzing data.

3. Which of the following is NOT a core component of an AIS?

 A. People
 B. Procedures and instructions
 C. Data
 D. Marketing strategies

Correct Answer: D
Core AIS components include people, procedures, data, software, IT
infrastructure, and internal controls. Marketing strategies are not a core
component of an AIS.

4. Which flowchart shows the relationship among input, processing,
and output?

 A. Program flowchart
 B. System flowchart
 C. Document flowchart
 D. Data flowchart

Correct Answer: B
A system flowchart provides a high-level view of the relationship between
input, processing, and output in a system.

5. What is the role of a process in a Data Flow Diagram (DFD)?

 A. Processes represent the transformation of data
 B. Processes represent data storage

,  C. Processes represent external entities
 D. Processes represent data flows

Correct Answer: A
In a Data Flow Diagram (DFD), processes represent the transformation of
data. They show how input data is processed to produce output data.


Transaction Cycles

6. Which business process sells goods or services for cash or a future
promise to receive cash?

 A. Expenditure cycle
 B. Revenue cycle
 C. Production cycle
 D. Financing cycle

Correct Answer: B
The revenue cycle is the recurring set of business activities and data
processing operations associated with selling goods and services to
customers and collecting cash.

7. What is the purpose of a three-way match in the expenditure cycle?

 A. To ensure employees are paid correctly
 B. To verify that goods were ordered, received, and billed correctly
before payment
 C. To match customer orders with shipping documents
 D. To reconcile bank statements

Correct Answer: B
A three-way match ensures payment is made only after verifying that the
goods ordered were received and billed correctly. This reduces the risk of
duplicate or fraudulent payments.

, 8. What does the receiving report document in the purchasing
process?

 A. The quantity and condition of goods received
 B. The employee's work hours
 C. The customer's order details
 D. The vendor's payment terms

Correct Answer: A
The receiving report documents the quantity and condition of goods
received. It serves as evidence that inventory arrived before payment is
authorized.


Internal Controls and Fraud Prevention

9. Which COSO Internal Control component establishes the foundation
for an organization's overall integrity and ethical values?

 A. Risk Assessment
 B. Control Activities
 C. Control Environment
 D. Information and Communication

Correct Answer: C
The Control Environment sets the tone of an organization, influencing the
control consciousness of its people. It is the foundation for all other
components of internal control.

10. A company implements a policy requiring two independent
approvals for any wire transfer exceeding $50,000. Which type of
COSO control activity does this represent?

 A. Preventive control
 B. Detective control
 C. Corrective control
 D. Directive control