WGU D217 Accounting Information Systems
WGU D217 Accounting Information Systems
Study online at https://quizlet.com/_9z7b9p
1. Which of the following is data redundancy
a problem usually associ-
ated with the flat-file ap-
proach to data manage-
ment?
2. Which problem is charac- the inability to determine what data is available
teristically associated with
the flat-file approach to
data management?
3. A description of the the internal view.
physical arrangement of
records in the database is
4. Which of the following the user view
may provide many distinct
views of the database?
5. The update anomaly in occurs because of data redundancy.
unnormalized tables
6. The deletion anomaly in may result in the loss of important data.
unnormalized tables
7. Which document triggers the customer purchase order
the revenue cycle?
8. Which department is least The accounts payable department is least likely to be involved in
likely to be involved in the the revenue cycle. Accounts payable is charged with managing the
revenue cycle? segment of the expenditure cycle that involves payments to vendors
and creditors.
1
, WGU D217 Accounting Information Systems
WGU D217 Accounting Information Systems
Study online at https://quizlet.com/_9z7b9p
9. The purpose of the sales The purpose of the sales invoice is to bill the customer. The sales
invoice is to 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.
10. Which type of control is Supervision is a compensating control for customer payments. Com-
considered a compensat- pensating controls are put in place when more effective controls
ing control for customer are deemed too difficult or costly to implement. Supervision is the
payments? simplest and most common form of compensating control.
11. Commercial accounting The word "integrated" means that the transfer of information among
systems have fully inte- modules occurs automatically. In a fully integrated system, the ship-
grated modules. The word ping advice will generate the request for invoice automatically. This
"integrated" means that eliminates the risk that the invoice request is not processed or is
processed for a different amount.
12. A copy of the purchase or- A copy of the purchase order (PO) is sent to the vendor. The purchase
der (PO) is sent to the order is the formal document that tells the vendor what material is
needed, at what price, in what quantity and on what date.
13. The departments involved The departments involved in the purchasing process are purchasing,
in the purchasing process receiving, inventory control and accounts payable. Accounts payable
are purchasing, receiving, completes the purchasing process by authorizing and executing the
inventory control and cash disbursement based on a signal from receiving or inventory
control.
14. When a cash disburse- When a cash disbursement in payment of an accounts payable is
ment in payment of an ac- recorded the liability account is decreased. On the Balance Sheet,
counts payable is record- accounts payable is a current liability. When a cash disbursement is
ed recorded, the liability will be reduced.
15. The greatest risk of misappropriation of funds occurs in accounts
payable. This may take the form of payments for goods not ordered
2
, WGU D217 Accounting Information Systems
WGU D217 Accounting Information Systems
Study online at https://quizlet.com/_9z7b9p
The greatest risk of mis- or received and to vendors that do not exist. The risk can be reduced
appropriation of funds oc- through supervision, segregation of duties, independent verifica-
curs in tion, or automated processes.
16. In a firm with proper seg- In a firm with proper segregation of duties, adequate supervision is
regation of duties, ade- most critical in receiving. Every day materials arrive on the receiving
quate supervision as a dock. Until those receipts are recorded in the system, they are invisi-
compensating control is ble to anyone but the receivers and their supervisors. Supervision is a
still necessary in compensating control appropriate before more automated controls
take effect. Scanning technology and automated three-way match
are technological controls that reduce risk.
17. The fixed asset system The fixed asset system records the purchase of a new plant. The fixed
records the asset system records property, plant, and equipment used in the
operation of the business. These represent the largest investments
of the firm.
18. In a technology enabled In a technology-enabled payroll system, Personnel, Time Keeping,
payroll system, Person- Payroll and Accounts Payable connect to cash disbursements to pay
nel, Time Keeping, Pay- employees. Personnel inputs the basic employee information and
roll, and Accounts Payable rate of pay; Time Keeping collects hours worked and verifies time
connect to which depart- cards; Payroll inputs the hours worked into the payroll system which
ment to pay employees? calculates gross and net pay, taxes, and other deductions; Accounts
Payable approves the payment amount; and finally cash disburse-
ments issues pay checks or direct deposit. The general ledger will
be updated after the cash disbursement occurs.
19. An important reconcilia- An important reconciliation in the payroll system is that the general
tion in the payroll system ledger compares the labor distribution summary from cost account-
is ing to the disbursement voucher from accounts payable. Cost ac-
counting will be tracking the job tickets to properly account for work
in process. Accounts payable will produce a disbursement voucher
3
, WGU D217 Accounting Information Systems
WGU D217 Accounting Information Systems
Study online at https://quizlet.com/_9z7b9p
based on input from timecards. Job tickets and timecards should
match when hours and hourly rates are extended.
20. Which of the following sit- The distribution of paychecks by the employees' immediate super-
uations represents an in- visor is an internal control weakness. Paychecks should go directly
ternal control weakness? to employees either by mail or through direct deposit. Giving the
responsibility for distribution to the supervisor creates the possibility
of loss, theft, or withholding of pay from an employee that the super-
visor simply does not like. An additional risk arises if the employee is
absent on payday and the supervisor has no secure storage for the
check until the employee is back.
21. Which of the following is Requiring that fully depreciated assets be disposed of immediately
NOT a reasonable control is not a reasonable control for fixed assets. Fully depreciated assets
for fixed assets? may have years of useful life remaining. For example, manufacturing
machinery may be depreciated over three years but many factories
use machines that are 10, 15, or 20 years old if they are well main-
tained.
22. What type of data is found Balances for each account in the chart of accounts are found in the
in the general ledger mas- general ledger master file. The text describes the general ledger file
ter file? as the information hub for the accounting system. Each record in the
general ledger master file corresponds with one of the accounts in
the chart of accounts. Each record is either a GL Master account (i.e.,
Sales) or a control account (i.e. Accounts Receivables control)
23. Which report is an output A comparative balance sheet is an output of the financial reporting
of the financial reporting system. The law requires that corporations generate a series of
system (FRS)? financial reports - Income Statement, Balance Sheet, Statement of
Cash Flows, Tax Returns, and others. This requirement is met by the
financial reporting system.
24.
4
WGU D217 Accounting Information Systems
Study online at https://quizlet.com/_9z7b9p
1. Which of the following is data redundancy
a problem usually associ-
ated with the flat-file ap-
proach to data manage-
ment?
2. Which problem is charac- the inability to determine what data is available
teristically associated with
the flat-file approach to
data management?
3. A description of the the internal view.
physical arrangement of
records in the database is
4. Which of the following the user view
may provide many distinct
views of the database?
5. The update anomaly in occurs because of data redundancy.
unnormalized tables
6. The deletion anomaly in may result in the loss of important data.
unnormalized tables
7. Which document triggers the customer purchase order
the revenue cycle?
8. Which department is least The accounts payable department is least likely to be involved in
likely to be involved in the the revenue cycle. Accounts payable is charged with managing the
revenue cycle? segment of the expenditure cycle that involves payments to vendors
and creditors.
1
, WGU D217 Accounting Information Systems
WGU D217 Accounting Information Systems
Study online at https://quizlet.com/_9z7b9p
9. The purpose of the sales The purpose of the sales invoice is to bill the customer. The sales
invoice is to 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.
10. Which type of control is Supervision is a compensating control for customer payments. Com-
considered a compensat- pensating controls are put in place when more effective controls
ing control for customer are deemed too difficult or costly to implement. Supervision is the
payments? simplest and most common form of compensating control.
11. Commercial accounting The word "integrated" means that the transfer of information among
systems have fully inte- modules occurs automatically. In a fully integrated system, the ship-
grated modules. The word ping advice will generate the request for invoice automatically. This
"integrated" means that eliminates the risk that the invoice request is not processed or is
processed for a different amount.
12. A copy of the purchase or- A copy of the purchase order (PO) is sent to the vendor. The purchase
der (PO) is sent to the order is the formal document that tells the vendor what material is
needed, at what price, in what quantity and on what date.
13. The departments involved The departments involved in the purchasing process are purchasing,
in the purchasing process receiving, inventory control and accounts payable. Accounts payable
are purchasing, receiving, completes the purchasing process by authorizing and executing the
inventory control and cash disbursement based on a signal from receiving or inventory
control.
14. When a cash disburse- When a cash disbursement in payment of an accounts payable is
ment in payment of an ac- recorded the liability account is decreased. On the Balance Sheet,
counts payable is record- accounts payable is a current liability. When a cash disbursement is
ed recorded, the liability will be reduced.
15. The greatest risk of misappropriation of funds occurs in accounts
payable. This may take the form of payments for goods not ordered
2
, WGU D217 Accounting Information Systems
WGU D217 Accounting Information Systems
Study online at https://quizlet.com/_9z7b9p
The greatest risk of mis- or received and to vendors that do not exist. The risk can be reduced
appropriation of funds oc- through supervision, segregation of duties, independent verifica-
curs in tion, or automated processes.
16. In a firm with proper seg- In a firm with proper segregation of duties, adequate supervision is
regation of duties, ade- most critical in receiving. Every day materials arrive on the receiving
quate supervision as a dock. Until those receipts are recorded in the system, they are invisi-
compensating control is ble to anyone but the receivers and their supervisors. Supervision is a
still necessary in compensating control appropriate before more automated controls
take effect. Scanning technology and automated three-way match
are technological controls that reduce risk.
17. The fixed asset system The fixed asset system records the purchase of a new plant. The fixed
records the asset system records property, plant, and equipment used in the
operation of the business. These represent the largest investments
of the firm.
18. In a technology enabled In a technology-enabled payroll system, Personnel, Time Keeping,
payroll system, Person- Payroll and Accounts Payable connect to cash disbursements to pay
nel, Time Keeping, Pay- employees. Personnel inputs the basic employee information and
roll, and Accounts Payable rate of pay; Time Keeping collects hours worked and verifies time
connect to which depart- cards; Payroll inputs the hours worked into the payroll system which
ment to pay employees? calculates gross and net pay, taxes, and other deductions; Accounts
Payable approves the payment amount; and finally cash disburse-
ments issues pay checks or direct deposit. The general ledger will
be updated after the cash disbursement occurs.
19. An important reconcilia- An important reconciliation in the payroll system is that the general
tion in the payroll system ledger compares the labor distribution summary from cost account-
is ing to the disbursement voucher from accounts payable. Cost ac-
counting will be tracking the job tickets to properly account for work
in process. Accounts payable will produce a disbursement voucher
3
, WGU D217 Accounting Information Systems
WGU D217 Accounting Information Systems
Study online at https://quizlet.com/_9z7b9p
based on input from timecards. Job tickets and timecards should
match when hours and hourly rates are extended.
20. Which of the following sit- The distribution of paychecks by the employees' immediate super-
uations represents an in- visor is an internal control weakness. Paychecks should go directly
ternal control weakness? to employees either by mail or through direct deposit. Giving the
responsibility for distribution to the supervisor creates the possibility
of loss, theft, or withholding of pay from an employee that the super-
visor simply does not like. An additional risk arises if the employee is
absent on payday and the supervisor has no secure storage for the
check until the employee is back.
21. Which of the following is Requiring that fully depreciated assets be disposed of immediately
NOT a reasonable control is not a reasonable control for fixed assets. Fully depreciated assets
for fixed assets? may have years of useful life remaining. For example, manufacturing
machinery may be depreciated over three years but many factories
use machines that are 10, 15, or 20 years old if they are well main-
tained.
22. What type of data is found Balances for each account in the chart of accounts are found in the
in the general ledger mas- general ledger master file. The text describes the general ledger file
ter file? as the information hub for the accounting system. Each record in the
general ledger master file corresponds with one of the accounts in
the chart of accounts. Each record is either a GL Master account (i.e.,
Sales) or a control account (i.e. Accounts Receivables control)
23. Which report is an output A comparative balance sheet is an output of the financial reporting
of the financial reporting system. The law requires that corporations generate a series of
system (FRS)? financial reports - Income Statement, Balance Sheet, Statement of
Cash Flows, Tax Returns, and others. This requirement is met by the
financial reporting system.
24.
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