WGU D561: INFORMATION SYSTEMS FOR ACCOUNTING
AND CONTROL OBJECTIVE ASSESSMENT QUESTIONS AND
CORRECT VERIFIED ANSWERS WITH RATIONALES
100% GUARANTEED PASS!!
<LATEST VERSION>
Question 1
A manufacturing company is replacing multiple spreadsheets with a centralized
accounting information system. The CFO explains that the new system will collect
transaction data, process it, store it, and generate reports for managers.
Which statement best describes the primary purpose of an accounting information
system (AIS)?
A. To eliminate the need for financial reporting
B. To transform transaction data into useful information for decision-making
C. To replace all internal controls with automated controls
D. To guarantee that accounting errors cannot occur
Answer: B
Rationale:
An AIS collects, records, stores, and processes accounting data into meaningful
information that supports operational and strategic decision-making. Although
automation improves efficiency, it cannot eliminate all errors or replace internal
controls.
,Question 2
An accounting clerk enters an invoice number of 89432, but the customer master
file contains no matching invoice authorization.
Which input control would most likely detect this problem?
A. Range check
B. Validity check
C. Size check
D. Batch total
Answer: B
Rationale:
A validity check compares entered values with existing authorized records in a
master file. Since the invoice does not exist, the transaction would be rejected.
Question 3
A payroll department enters an employee's weekly hours as 182 instead of 82.
Which application control would most effectively identify this error?
A. Hash total
B. Reasonableness test
C. Range check
D. Sequence check
Answer: C
Rationale:
A range check verifies whether numeric values fall within acceptable limits. Since
182 hours exceeds any realistic weekly maximum, the system should reject the
entry.
,Question 4
A company requires every purchase requisition to be approved electronically
before a purchase order can be generated.
Which COSO component does this control primarily support?
A. Monitoring Activities
B. Information and Communication
C. Control Activities
D. Risk Assessment
Answer: C
Rationale:
Approval procedures are control activities because they are policies designed to
reduce risk and ensure transactions are properly authorized.
Question 5
A retailer recently implemented an ERP system integrating sales, purchasing,
inventory, and accounting into one database.
What is the greatest benefit of this implementation?
A. Separate databases improve departmental independence.
B. Data redundancy is significantly reduced.
C. Financial statements are no longer required.
D. Every employee automatically gains access to all company records.
Answer: B
Rationale:
ERP systems centralize organizational data, eliminating duplicate data entry and
improving consistency across departments.
, Question 6
A company performs periodic internal audits to determine whether established
controls continue operating effectively.
Which COSO component is demonstrated?
A. Monitoring Activities
B. Risk Assessment
C. Control Environment
D. Information and Communication
Answer: A
Rationale:
Monitoring activities involve evaluating whether controls continue functioning
effectively through reviews, audits, and ongoing assessments.
Question 7
A sales manager wants summarized monthly sales trends rather than individual
transaction records.
What has occurred?
A. Information has been converted into raw data.
B. Data has been transformed into useful information.
C. Metadata has replaced operational data.
D. Controls have been strengthened.
Answer: B
Rationale:
Individual transactions represent raw data. Summarized reports convert data into
meaningful information for decision-making.
AND CONTROL OBJECTIVE ASSESSMENT QUESTIONS AND
CORRECT VERIFIED ANSWERS WITH RATIONALES
100% GUARANTEED PASS!!
<LATEST VERSION>
Question 1
A manufacturing company is replacing multiple spreadsheets with a centralized
accounting information system. The CFO explains that the new system will collect
transaction data, process it, store it, and generate reports for managers.
Which statement best describes the primary purpose of an accounting information
system (AIS)?
A. To eliminate the need for financial reporting
B. To transform transaction data into useful information for decision-making
C. To replace all internal controls with automated controls
D. To guarantee that accounting errors cannot occur
Answer: B
Rationale:
An AIS collects, records, stores, and processes accounting data into meaningful
information that supports operational and strategic decision-making. Although
automation improves efficiency, it cannot eliminate all errors or replace internal
controls.
,Question 2
An accounting clerk enters an invoice number of 89432, but the customer master
file contains no matching invoice authorization.
Which input control would most likely detect this problem?
A. Range check
B. Validity check
C. Size check
D. Batch total
Answer: B
Rationale:
A validity check compares entered values with existing authorized records in a
master file. Since the invoice does not exist, the transaction would be rejected.
Question 3
A payroll department enters an employee's weekly hours as 182 instead of 82.
Which application control would most effectively identify this error?
A. Hash total
B. Reasonableness test
C. Range check
D. Sequence check
Answer: C
Rationale:
A range check verifies whether numeric values fall within acceptable limits. Since
182 hours exceeds any realistic weekly maximum, the system should reject the
entry.
,Question 4
A company requires every purchase requisition to be approved electronically
before a purchase order can be generated.
Which COSO component does this control primarily support?
A. Monitoring Activities
B. Information and Communication
C. Control Activities
D. Risk Assessment
Answer: C
Rationale:
Approval procedures are control activities because they are policies designed to
reduce risk and ensure transactions are properly authorized.
Question 5
A retailer recently implemented an ERP system integrating sales, purchasing,
inventory, and accounting into one database.
What is the greatest benefit of this implementation?
A. Separate databases improve departmental independence.
B. Data redundancy is significantly reduced.
C. Financial statements are no longer required.
D. Every employee automatically gains access to all company records.
Answer: B
Rationale:
ERP systems centralize organizational data, eliminating duplicate data entry and
improving consistency across departments.
, Question 6
A company performs periodic internal audits to determine whether established
controls continue operating effectively.
Which COSO component is demonstrated?
A. Monitoring Activities
B. Risk Assessment
C. Control Environment
D. Information and Communication
Answer: A
Rationale:
Monitoring activities involve evaluating whether controls continue functioning
effectively through reviews, audits, and ongoing assessments.
Question 7
A sales manager wants summarized monthly sales trends rather than individual
transaction records.
What has occurred?
A. Information has been converted into raw data.
B. Data has been transformed into useful information.
C. Metadata has replaced operational data.
D. Controls have been strengthened.
Answer: B
Rationale:
Individual transactions represent raw data. Summarized reports convert data into
meaningful information for decision-making.
