WGU D561 OBJECTIVE ASSESSMENT 2 NEWEST 2026
ACTUAL EXAM| D561 INFORMATION SYSTEMS FOR
ACCOUNTING AND CONTROL OA EXAM WITH
COMPLETE 200 REAL EXAM QUESTIONS AND
CORRECT VERIFIED ANSWERS/ ALREADY GRADED
A+ (MOST RECENT!!)
What are the four steps of the data processing lifecycle? – ANSWER -
Data input, data processing, data storage, information output
What is the data processing lifecycle? – ANSWER - The operations
performed on data to generate meaningful and relevant information.
What are the four different types of data processing activities? –
ANSWER - Reading, creating, deleting, and updating
What is a key advantage of Enterprise Resource Planning (ERP) systems
over traditional Accounting Information Systems (AIS)? – ANSWER -
ERP systems integrate all aspects of a company's operations with a
traditional AIS.
What is a significant disadvantage of implementing an Enterprise
Resource Planning (ERP) system? – ANSWER - ERP systems require a
high cost and amount of time for implementation.
pg. 1
,What are the processes implemented to provide reasonable assurance
that assets are safeguarded? – ANSWER - Internal controls
What is likely to happen if management has little concern for internal
controls and risk management? – ANSWER - Employees will be less
diligent in achieving control objectives.
What are the four ways that management can respond to risk? –
ANSWER - Reduce, accept, share, avoid
Which category of control procedure establishes authorization? –
ANSWER - Proper authorization of transactions and activities
What is the purpose of the policy and procedures manual in an
organization? – ANSWER - It explains proper business practices,
needed knowledge and experience, document procedures, transaction
handling, and lists resources provided to carry out specific duties.
What is the primary objective of the expenditure cycle? – ANSWER - To
minimize the total cost of acquiring and maintaining inventories,
supplies, and services
Which principle focuses on improving quality by reducing mistakes? –
ANSWER - Six Sigma
pg. 2
,What is a key measure to evaluate inventory management in an
organization? – ANSWER - Inventory turnover
What is the primary objective of the economic order quantity (EOQ)
approach to managing inventory? – ANSWER - To minimize the sum of
ordering, carrying, and stockout costs.
What is the purpose of adopting the Evaluated Receipt Settlement (ERS)
approach as a control measure in the expenditure cycle? – ANSWER -
To eliminate potential errors in supplier invoices by paying based on the
counts of received goods matched with quoted prices.
Which unintentional act can pose a threat to an accounting information
system? – ANSWER - Lost, erroneous, destroyed, or misplaced data
What is a common characteristic of a perpetrator in the misappropriation
of assets? – ANSWER - The perpetrator uses trickery, cunning, or false
or misleading information to commit fraud.
What is the most common way to commit a computer fraud? –
ANSWER - Alter or falsify computer input
What human traits to hackers exploit in a social engineering attack? –
ANSWER - Compassion, greed, trust, or urgency
pg. 3
, Which principle of IT governance and management in the COBIT 2019
framework emphasizes the need for organizations to customize business
processes and procedures to add value to stakeholders while balancing
risks and rewards? – ANSWER - Meeting stakeholder needs
Which organization issued the Internal Control—Integrated Framework
(IC) in 1992, which is widely accepted as the authority on internal
controls? – ANSWER - The Institute of Internal Auditors (IIA)
What is the primary function of Information Rights Management (IRM)
software in the context of protecting sensitive information? – ANSWER
- IRM software primarily functions to limit access to specific files or
documents and specify the actions that individuals granted access can
perform.
What is one of the key topics that should be covered in training to
protect sensitive data? – ANSWER - Training on how to use encryption
software and the importance of logging out of applications.
Which of the following best describes the purpose of the Generally
Accepted Privacy Principles (GAPP)? – ANSWER - To establish
internationally recognized best practices for safeguarding customers'
personal information.
pg. 4
ACTUAL EXAM| D561 INFORMATION SYSTEMS FOR
ACCOUNTING AND CONTROL OA EXAM WITH
COMPLETE 200 REAL EXAM QUESTIONS AND
CORRECT VERIFIED ANSWERS/ ALREADY GRADED
A+ (MOST RECENT!!)
What are the four steps of the data processing lifecycle? – ANSWER -
Data input, data processing, data storage, information output
What is the data processing lifecycle? – ANSWER - The operations
performed on data to generate meaningful and relevant information.
What are the four different types of data processing activities? –
ANSWER - Reading, creating, deleting, and updating
What is a key advantage of Enterprise Resource Planning (ERP) systems
over traditional Accounting Information Systems (AIS)? – ANSWER -
ERP systems integrate all aspects of a company's operations with a
traditional AIS.
What is a significant disadvantage of implementing an Enterprise
Resource Planning (ERP) system? – ANSWER - ERP systems require a
high cost and amount of time for implementation.
pg. 1
,What are the processes implemented to provide reasonable assurance
that assets are safeguarded? – ANSWER - Internal controls
What is likely to happen if management has little concern for internal
controls and risk management? – ANSWER - Employees will be less
diligent in achieving control objectives.
What are the four ways that management can respond to risk? –
ANSWER - Reduce, accept, share, avoid
Which category of control procedure establishes authorization? –
ANSWER - Proper authorization of transactions and activities
What is the purpose of the policy and procedures manual in an
organization? – ANSWER - It explains proper business practices,
needed knowledge and experience, document procedures, transaction
handling, and lists resources provided to carry out specific duties.
What is the primary objective of the expenditure cycle? – ANSWER - To
minimize the total cost of acquiring and maintaining inventories,
supplies, and services
Which principle focuses on improving quality by reducing mistakes? –
ANSWER - Six Sigma
pg. 2
,What is a key measure to evaluate inventory management in an
organization? – ANSWER - Inventory turnover
What is the primary objective of the economic order quantity (EOQ)
approach to managing inventory? – ANSWER - To minimize the sum of
ordering, carrying, and stockout costs.
What is the purpose of adopting the Evaluated Receipt Settlement (ERS)
approach as a control measure in the expenditure cycle? – ANSWER -
To eliminate potential errors in supplier invoices by paying based on the
counts of received goods matched with quoted prices.
Which unintentional act can pose a threat to an accounting information
system? – ANSWER - Lost, erroneous, destroyed, or misplaced data
What is a common characteristic of a perpetrator in the misappropriation
of assets? – ANSWER - The perpetrator uses trickery, cunning, or false
or misleading information to commit fraud.
What is the most common way to commit a computer fraud? –
ANSWER - Alter or falsify computer input
What human traits to hackers exploit in a social engineering attack? –
ANSWER - Compassion, greed, trust, or urgency
pg. 3
, Which principle of IT governance and management in the COBIT 2019
framework emphasizes the need for organizations to customize business
processes and procedures to add value to stakeholders while balancing
risks and rewards? – ANSWER - Meeting stakeholder needs
Which organization issued the Internal Control—Integrated Framework
(IC) in 1992, which is widely accepted as the authority on internal
controls? – ANSWER - The Institute of Internal Auditors (IIA)
What is the primary function of Information Rights Management (IRM)
software in the context of protecting sensitive information? – ANSWER
- IRM software primarily functions to limit access to specific files or
documents and specify the actions that individuals granted access can
perform.
What is one of the key topics that should be covered in training to
protect sensitive data? – ANSWER - Training on how to use encryption
software and the importance of logging out of applications.
Which of the following best describes the purpose of the Generally
Accepted Privacy Principles (GAPP)? – ANSWER - To establish
internationally recognized best practices for safeguarding customers'
personal information.
pg. 4
