D217 Accounting Information Systems Module Unit Tests Study Guide WGU with Practice Questions 2025/ 2026 Updated Accounting Exam Prep Workbook

D217 Accounting Information
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Systems
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D217 Accounting
Information
Systems Module
Unit Tests Study
Guide WGU with
Practice Questions




D217 Accounting Information
D217Systems
Accounting
Module
Information
Unit Tests
D217
Systems
Study
Accounting
Guide
ModuleWGU
Information
Unit with
TestsPractice
Study
Systems
Guide
Questions.pdf
Module
WGUUnit
withTests
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Study
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Guide WGU with Practice Questions

,D217 Accounting Information Systems MOD_UNIT tests.pdf D217 Accounting Information Systems MOD_UNIT tests.pdf D217 Accounting Information Systems MOD_UNIT tests.pdf


Terms in this set (226)



MOD 1 - The primary input to the transaction processing "a financial transaction." The financial transaction is the primary input to the
system is transaction processing system. Financial transactions are economic events that
affect assets and equities and are reflected on the financial statements.


The major difference between the financial reporting "FRS provides information to external users; the MRS provides information to
system (FRS) and the management reporting system internal users." The FRS produces the financial statements as required by law. The
(MRS) is the MRS provides information to management for decision making such as budgets,
forecasts, customer orders.


The author distinguishes between the accounting "whether the transactions are financial or nonfinancial that directly affect the
information system and the management information processing of financial transactions." The AIS captures financial transactions to
system based on support systems around the revenue, expenditure and conversion cycles. The MIS
captures nonfinancial transactions to support systems for marketing, inventory,
manufacturing and human resources.


An example of a financial transaction is "the purchase of computer." The purchase of a computer adds an asset to the
organization.




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An example of a nonfinancial transaction is "log of customer calls." The log of customer calls is a key source of information
for customer service, marketing and the sales departments.


The transaction processing system includes which of the "the conversion cycle." The conversion cycle is included within the transaction
following? processing system because it records cost accounting and production activities.


The goal of data processing is "the production of useful information." Data is not information. Data is data. Data
needs to be consolidated, processed, summarized and converted into
information for management decision-making.


Which of the following is an external end user? "tax authorities." Tax authorities are external users who expect an accurate
accounting of tax due. In addition, the non-discretionary reports from the
accounting information system provide what is needed for tax authorities to
evaluate tax liability.


An appraisal function housed within the organization that "internal auditing." An appraisal function housed within the organization that
performs a wide range of services for management is performs a wide range of services for management is internal auditing. Internal
auditors verify the accuracy and security of the information systems and also
work with various business segments to secure and optimize processes.




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What factor conceptually distinguishes external auditing "constituencies." External auditing and internal auditing are distinguished by
and internal auditing? constituencies. Internal auditors focus on company management. External
auditors perform services to assure external investors, tax and regulatory
authorities that the financial statements are complete and accurate.


MOD 2- Which system is part of the expenditure cycle? "cash disbursements." Cash disbursements is part of the expenditure cycle. Cash
disbursement is the way a firm pays vendors, creditors, and employees.


Both the revenue and the expenditure cycle can be "physical and financial." The two key parts of the revenue and expenditure cycle
viewed as having two key parts. These key parts are are physical and financial. The physical portion refers to the documents that
support the necessary transactions; the financial portion refers to the effect that
the appropriate transactions have on assets and equity.


System flowcharts do which one of the following? The correct answer is "represent relationships between key elements of manual
and computer systems." System flowcharts represent relationships between key
elements of manual and computer systems. The system flowchart is a graphic
representation of the process that is used by the programmer/analyst and
systems auditors to understand the flow of data through the program or system
and the files/functions that are involved from input to storage to output.




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