Accounting Systems Exam 1 Questions And Correct Verified
Answers New Version 2026
Which of the following is NOT a financial transaction?
26
a) purchase of products
b) cash receipts
c) update valid vendor file
20
d) sale of inventory -ANSWER- c) update valid vendor file
The following are subsystems of the accounting information system EXCEPT the:
a) Transaction processing system
b) Human resources system
c) general ledger/financial reporting system
am
d) management reporting system -ANSWER- b) Human resources system
Ex
Which document is included with a shipment sent to a customer?
a) sales invoice
b) stock release form
s
c) packing slip
rt
d) shipping notice -ANSWER- c) packing slip
pe
Pertains to the principles of conduct that individuals use in making choices and guiding their behavior in situations that involve the concepts of right and
wrong -ANSWER- Ethics
Ex
The analysis of the nature and social impact of computer technology and the corresponding formulation and justification of policies for the ethical use of
such technology -ANSWER- Computer Ethics
False representation of a material fact made by one party to another with intent to deceive and induce the other party to justifiably rely on the fact to
his or her detriment -ANSWER- Fraud
,Which of the following is NOT a purpose of the a) managing and reporting on the status of financial investments
Transaction Processing System (TPS)?
a) managing and reporting on the status of financial
investments
b) converting economic events into financial transactions
c) distributing essential information to operations
personnel to support their daily operations
d) recording financial transactions in the accounting
records
2 6
20
The objections of the data collection activity of the d) efficient and relevant
general model for accounting information systems are to
collect data that are:
a) relevant and redundant
b) efficient and objective
am
c) efficient and redundant
d) efficient and relevant
Ex
Which of the following is NOT a characteristic of effective
d) precision
information?
a) relevance
b) accuracy
ts
c) summarization
d) precision
r
Which of the following is NOT a database management task? c) summarization
pe
a) retrieval
b) storage
c) summarization
d) deletion
Ex
When viewed from the highest to most elemental level,the c) file, record, attribute
data hierarchy is
a) attribute, record, file
b) record, attribute,key
c) file, record, attribute
d) file, record, key
e) key, record, file
, Which is NOT a source of evidence for an external a) work performed by internal auditors who organizationally report to the controller
auditor?
a) work performed by internal auditors who
organizationally report to the controller
b) tests of controls
c) substantive tests
d) work performed by internal auditors who report to the
audit committee of the Board
Which of the following is NOT an objective of all
information systems? d) all of the above are objectives
26
a) support for the stewardship function of management
b) support for management decision making
c) support for the day-to-day operations of the firm
d) all of the above are objectives
20
Which of the following best describes the activities of the d) purchasing, receiving, and storage
materials management function?
a) purchasing, receiving, and inventory control
b) receiving, sales, distribution, and purchasing
c) receiving, storage, purchasing, and accounts payable
d) purchasing, receiving, and storage
e) purchasing, storage, and distribution
am
Which of the following best describes the activities of the
e) manufacturing, quality control, and maintenance
production function?
Ex
a) maintenance, inventory control, and production
planning
b) production planning, quality control, manufacturing,and
cost accounting
c) quality control, production planning, manufacturing,and
s
payroll
d) maintenance, production planning, storage, and quality
rt
control
e) manufacturing, quality control, and maintenance
pe
Which of the following best describes the activities of the a) inventory control, accounts payable, fixed assets, and payroll
accounting function?
a) inventory control, accounts payable, fixed assets, and payroll
Ex
b) fixed assets, accounts payable, cash disbursements,and
cost accounting
c) purchasing, cash receipts, accounts payable, cash
disbursements, and payroll
d) inventory control, cash receipts, accounts payable,cash
disbursements, and payroll
e) inventory control, cost accounting, accounts payable,cash
disbursements, and payroll
Answers New Version 2026
Which of the following is NOT a financial transaction?
26
a) purchase of products
b) cash receipts
c) update valid vendor file
20
d) sale of inventory -ANSWER- c) update valid vendor file
The following are subsystems of the accounting information system EXCEPT the:
a) Transaction processing system
b) Human resources system
c) general ledger/financial reporting system
am
d) management reporting system -ANSWER- b) Human resources system
Ex
Which document is included with a shipment sent to a customer?
a) sales invoice
b) stock release form
s
c) packing slip
rt
d) shipping notice -ANSWER- c) packing slip
pe
Pertains to the principles of conduct that individuals use in making choices and guiding their behavior in situations that involve the concepts of right and
wrong -ANSWER- Ethics
Ex
The analysis of the nature and social impact of computer technology and the corresponding formulation and justification of policies for the ethical use of
such technology -ANSWER- Computer Ethics
False representation of a material fact made by one party to another with intent to deceive and induce the other party to justifiably rely on the fact to
his or her detriment -ANSWER- Fraud
,Which of the following is NOT a purpose of the a) managing and reporting on the status of financial investments
Transaction Processing System (TPS)?
a) managing and reporting on the status of financial
investments
b) converting economic events into financial transactions
c) distributing essential information to operations
personnel to support their daily operations
d) recording financial transactions in the accounting
records
2 6
20
The objections of the data collection activity of the d) efficient and relevant
general model for accounting information systems are to
collect data that are:
a) relevant and redundant
b) efficient and objective
am
c) efficient and redundant
d) efficient and relevant
Ex
Which of the following is NOT a characteristic of effective
d) precision
information?
a) relevance
b) accuracy
ts
c) summarization
d) precision
r
Which of the following is NOT a database management task? c) summarization
pe
a) retrieval
b) storage
c) summarization
d) deletion
Ex
When viewed from the highest to most elemental level,the c) file, record, attribute
data hierarchy is
a) attribute, record, file
b) record, attribute,key
c) file, record, attribute
d) file, record, key
e) key, record, file
, Which is NOT a source of evidence for an external a) work performed by internal auditors who organizationally report to the controller
auditor?
a) work performed by internal auditors who
organizationally report to the controller
b) tests of controls
c) substantive tests
d) work performed by internal auditors who report to the
audit committee of the Board
Which of the following is NOT an objective of all
information systems? d) all of the above are objectives
26
a) support for the stewardship function of management
b) support for management decision making
c) support for the day-to-day operations of the firm
d) all of the above are objectives
20
Which of the following best describes the activities of the d) purchasing, receiving, and storage
materials management function?
a) purchasing, receiving, and inventory control
b) receiving, sales, distribution, and purchasing
c) receiving, storage, purchasing, and accounts payable
d) purchasing, receiving, and storage
e) purchasing, storage, and distribution
am
Which of the following best describes the activities of the
e) manufacturing, quality control, and maintenance
production function?
Ex
a) maintenance, inventory control, and production
planning
b) production planning, quality control, manufacturing,and
cost accounting
c) quality control, production planning, manufacturing,and
s
payroll
d) maintenance, production planning, storage, and quality
rt
control
e) manufacturing, quality control, and maintenance
pe
Which of the following best describes the activities of the a) inventory control, accounts payable, fixed assets, and payroll
accounting function?
a) inventory control, accounts payable, fixed assets, and payroll
Ex
b) fixed assets, accounts payable, cash disbursements,and
cost accounting
c) purchasing, cash receipts, accounts payable, cash
disbursements, and payroll
d) inventory control, cash receipts, accounts payable,cash
disbursements, and payroll
e) inventory control, cost accounting, accounts payable,cash
disbursements, and payroll
