WGU D217 ACCOUNTING INFORMATION SYSTEMS
QUESTIONS AND ANSWERS SURE A+
✔✔It is a temporary file using a numeric filing system. - ✔✔What does the letter N in an
inverted triangle mean in a system flowchart?
✔✔Master file - ✔✔Which digital computer file contains account data that are updated
by transactions and includes the general ledger and subsidiary ledgers?
✔✔Parallelogram symbol - ✔✔How would shipping logs be depicted in system
flowchart?
✔✔This is an on-page connector used to replace flow lines that otherwise would cause
excessive clutter on the page. - ✔✔What is the circular symbol labeled A in the system
flowchart?
✔✔Sequential coding supports the reconciliation of a batch of transactions at the end of
processing. - ✔✔What is an advantage of sequential codes?
✔✔Real-time systems process transactions individually when the events occur. -
✔✔Why is there no lag time with real-time systems?
✔✔Collecting data only once - ✔✔What does efficiency mean in the data collection
process?
✔✔The decision maker does not have enough information in order to act. - ✔✔Useful
information has the following characteristics: relevance, timeliness, accuracy,
completeness and summarization. What happens if the information is incomplete?
✔✔The decision maker is overwhelmed by the amount of detail in the information. -
✔✔Useful information has the following characteristics: relevance, timeliness, accuracy,
,completeness and summarization. What happens if the information lacks
summarization?
✔✔Complete - ✔✔An office manager receives the following marketing fax from a
current supplier: "Our company is having a promotion this month for all our main
products. Please call for more information." Which characteristic of useful information is
missing from this scenario?
✔✔They are the domain experts, determining the nature of the information required, its
source, its destination, and the rules that need to be applied. - ✔✔Why are accountants
involved in the information system development team?
✔✔CDP uses a common data center for all the processing needs of the organization; in
DDP, every department has its own processing capabilities. - ✔✔What is the main
difference between centralized data processing (CDP) and distributed data processing
(DDP)?
✔✔Transactions processing system (TPS) - ✔✔Sara has started a very successful
online company selling custom-made jewelry. One of her competitive advantages is a
state-of-art information system that provides visibility within the supply chain. Which one
of the information system's subsystems helps Sara manage the customer orders she
receives?
✔✔Organizational departments - ✔✔A system flowchart is a graphical representation of
the physical relationships among key elements of a system. What do these elements
include?
✔✔It is a temporary file using a chronological filing system/ - ✔✔What does the letter C
in an inverted triangle mean in a flowchart?
✔✔Master file - ✔✔Which digital computer file contains account data that are updated
by transactions and includes the general ledger and subsidiary ledgers?
✔✔Parallelogram symbol - ✔✔How would shipping logs be depicted in a system
flowchart?
✔✔Bucket-shaped symbol - ✔✔In a system flowchart, how would a clerk's tasks of
entering sales orders be depicted?
✔✔Master file backup - ✔✔It is a standard and a necessity to maintain the master file
integrity of an organization so that if the current master files become corrupt, destroyed,
or plagued with errors, the organization has a recourse. What should the organization
have in place in case of such an event?
, ✔✔the customer purchase order - ✔✔Which document triggers the revenue cycle?
✔✔accounts payable - ✔✔Which department is least likely to be involved in the revenue
cycle?
✔✔bill the customer - ✔✔The purpose of the sales invoice is to
✔✔supervision - ✔✔Which type of control is considered a compensating control for
customer payments?
✔✔the transfer of information among modules occurs automatically. - ✔✔Commercial
accounting systems have fully integrated modules. The word "integrated" means that
✔✔vendor - ✔✔A copy of the purchase order (PO) is sent to the
✔✔accounts payable. - ✔✔The departments involved in the purchasing process are
purchasing, receiving, inventory control and
✔✔the liability account is decreased. - ✔✔When a cash disbursement in payment of an
accounts payable is recorded
✔✔accounts payable. - ✔✔The greatest risk of misappropriation of funds occurs in
✔✔receiving. - ✔✔In a firm with proper segregation of duties, adequate supervision as
a compensating control is still necessary in
✔✔purchase of a new plant. - ✔✔The fixed asset system records the
✔✔cash disbursements - ✔✔In a technology enabled payroll system, Personnel, Time
Keeping, Payroll, and Accounts Payable connect to which department to pay
employees?
✔✔general ledger compares the labor distribution summary from cost accounting to the
disbursement voucher from accounts payable. - ✔✔An important reconciliation in the
payroll system is
✔✔Paychecks are distributed by the employees' immediate supervisor. - ✔✔Which of
the following situations represents an internal control weakness?
✔✔Fully depreciated assets are disposed of immediately. - ✔✔Which of the following is
NOT a reasonable control for fixed assets?
✔✔balances for each account in the chart of accounts - ✔✔What type of data is found
in the general ledger master file?
QUESTIONS AND ANSWERS SURE A+
✔✔It is a temporary file using a numeric filing system. - ✔✔What does the letter N in an
inverted triangle mean in a system flowchart?
✔✔Master file - ✔✔Which digital computer file contains account data that are updated
by transactions and includes the general ledger and subsidiary ledgers?
✔✔Parallelogram symbol - ✔✔How would shipping logs be depicted in system
flowchart?
✔✔This is an on-page connector used to replace flow lines that otherwise would cause
excessive clutter on the page. - ✔✔What is the circular symbol labeled A in the system
flowchart?
✔✔Sequential coding supports the reconciliation of a batch of transactions at the end of
processing. - ✔✔What is an advantage of sequential codes?
✔✔Real-time systems process transactions individually when the events occur. -
✔✔Why is there no lag time with real-time systems?
✔✔Collecting data only once - ✔✔What does efficiency mean in the data collection
process?
✔✔The decision maker does not have enough information in order to act. - ✔✔Useful
information has the following characteristics: relevance, timeliness, accuracy,
completeness and summarization. What happens if the information is incomplete?
✔✔The decision maker is overwhelmed by the amount of detail in the information. -
✔✔Useful information has the following characteristics: relevance, timeliness, accuracy,
,completeness and summarization. What happens if the information lacks
summarization?
✔✔Complete - ✔✔An office manager receives the following marketing fax from a
current supplier: "Our company is having a promotion this month for all our main
products. Please call for more information." Which characteristic of useful information is
missing from this scenario?
✔✔They are the domain experts, determining the nature of the information required, its
source, its destination, and the rules that need to be applied. - ✔✔Why are accountants
involved in the information system development team?
✔✔CDP uses a common data center for all the processing needs of the organization; in
DDP, every department has its own processing capabilities. - ✔✔What is the main
difference between centralized data processing (CDP) and distributed data processing
(DDP)?
✔✔Transactions processing system (TPS) - ✔✔Sara has started a very successful
online company selling custom-made jewelry. One of her competitive advantages is a
state-of-art information system that provides visibility within the supply chain. Which one
of the information system's subsystems helps Sara manage the customer orders she
receives?
✔✔Organizational departments - ✔✔A system flowchart is a graphical representation of
the physical relationships among key elements of a system. What do these elements
include?
✔✔It is a temporary file using a chronological filing system/ - ✔✔What does the letter C
in an inverted triangle mean in a flowchart?
✔✔Master file - ✔✔Which digital computer file contains account data that are updated
by transactions and includes the general ledger and subsidiary ledgers?
✔✔Parallelogram symbol - ✔✔How would shipping logs be depicted in a system
flowchart?
✔✔Bucket-shaped symbol - ✔✔In a system flowchart, how would a clerk's tasks of
entering sales orders be depicted?
✔✔Master file backup - ✔✔It is a standard and a necessity to maintain the master file
integrity of an organization so that if the current master files become corrupt, destroyed,
or plagued with errors, the organization has a recourse. What should the organization
have in place in case of such an event?
, ✔✔the customer purchase order - ✔✔Which document triggers the revenue cycle?
✔✔accounts payable - ✔✔Which department is least likely to be involved in the revenue
cycle?
✔✔bill the customer - ✔✔The purpose of the sales invoice is to
✔✔supervision - ✔✔Which type of control is considered a compensating control for
customer payments?
✔✔the transfer of information among modules occurs automatically. - ✔✔Commercial
accounting systems have fully integrated modules. The word "integrated" means that
✔✔vendor - ✔✔A copy of the purchase order (PO) is sent to the
✔✔accounts payable. - ✔✔The departments involved in the purchasing process are
purchasing, receiving, inventory control and
✔✔the liability account is decreased. - ✔✔When a cash disbursement in payment of an
accounts payable is recorded
✔✔accounts payable. - ✔✔The greatest risk of misappropriation of funds occurs in
✔✔receiving. - ✔✔In a firm with proper segregation of duties, adequate supervision as
a compensating control is still necessary in
✔✔purchase of a new plant. - ✔✔The fixed asset system records the
✔✔cash disbursements - ✔✔In a technology enabled payroll system, Personnel, Time
Keeping, Payroll, and Accounts Payable connect to which department to pay
employees?
✔✔general ledger compares the labor distribution summary from cost accounting to the
disbursement voucher from accounts payable. - ✔✔An important reconciliation in the
payroll system is
✔✔Paychecks are distributed by the employees' immediate supervisor. - ✔✔Which of
the following situations represents an internal control weakness?
✔✔Fully depreciated assets are disposed of immediately. - ✔✔Which of the following is
NOT a reasonable control for fixed assets?
✔✔balances for each account in the chart of accounts - ✔✔What type of data is found
in the general ledger master file?
