WGU D217 Accounting Information
Systems Question and answers already
passed 2025
a financial transaction - correct answer ✔The primary input to the transaction
processing system is
FRS provides information to external users; the MRS provides information to
internal users. - correct answer ✔The major difference between the financial
reporting system (FRS) and the management reporting system (MRS) is the
whether the transactions are financial or nonfinancial that directly affect the
processing of financial transactions - correct answer ✔The author
distinguishes between the accounting information system and the
management information system based on
the purchase of computer - correct answer ✔An example of a financial
transactions is
log of customer calls - correct answer ✔An example of a nonfinancial
transaction is
the conversion cycle - correct answer ✔The transaction processing system
includes which of the following
the production of useful information - correct answer ✔The goal of data
processing is
,tax authorities - correct answer ✔Which of the following is an external end
user?
internal auditing - correct answer ✔An appraisal function housed within the
organization that performs a wide range of services for management is
constituents - correct answer ✔What factor conceptually distinguishes
external auditing and internal auditing?
cash disbursements - correct answer ✔What system is part of the
expenditure cycle?
physical and financial - correct answer ✔Both the revenue and the
expenditure cycle can be viewed as having two parts. These key parts are
represent relationships between key elements of both manual and computer
systems - correct answer ✔System flowcharts do which one of the following?
oval - correct answer ✔Which symbol is used to represent a data source or
destination of documents and reports in a system flowchart?
Sales Order Processing - correct answer ✔Which accounting application is
least suited to batch processing?
there is a lag between the time when the economic event occurs, and the
financial records are updated. - correct answer ✔In contrast to a real-time
system, in a batch processing system
,processing takes place when the economic event occurs. - correct answer
✔In contrast to a batch processing system, in a real-time system
block code - correct answer ✔The coding scheme most appropriate for a
chart of accounts is
a mnemonic code - correct answer ✔When a firm wants its coding system to
convey meaning without reference to any other document, it would choose
missing or unrecorded documents can be identified. - correct answer ✔The
most important advantage of sequential coding is that
Management Reporting System (MRS) - correct answer ✔Li has
implemented a new accounting information system (AIS) to help him manage
his construction company. Li uses the information captured by the system to
plan each project, forecasting the requirements for raw materials and the cash
flow expected. Which AIS subsystem helps Li in planning?
Variance reports - correct answer ✔Which information does the
management reporting system (MRS) provide?
The decision maker wastes resources analyzing outdated information. -
correct answer ✔Useful information has the following characteristics:
relevance, timeliness, accuracy, completeness, and summarization. What
happens if the information is old?
The decision maker receives materially wrong information. - correct answer
✔Useful information has the following characteristics: relevance, timeliness,
accuracy, completeness, and summarization. What happens if the information
is inaccurate?
, The organization needs to review its credit-granting policies. - correct answer
✔Which important information does external feedback about the level of
uncollected customer accounts indicate to the management information
system?
Raw material is moved into work-in process. - correct answer ✔What is a
type of data source for the accounting information system (AIS)?
It has unique information needs. - correct answer ✔Why would an
organization decide to develop its own custom information system?
Inaccurately recording sales and cash receipts transactions in journals and
accounts. - correct answer ✔An objective of internal controls is to mitigate
the risk from errors and fraud. What is the primary risk associated with
revenue cycle transactions?
It is a temporary file using a numeric filing system. - correct answer ✔What
does the letter N in an inverted triangle mean in a system flowchart?
Master file - correct answer ✔Which digital computer file contains account
data that are updated by transactions and includes the general ledger and
subsidiary ledgers?
Parallelogram symbol - correct answer ✔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. - correct answer ✔What is the circular
symbol labeled A in the system flowchart?
Systems Question and answers already
passed 2025
a financial transaction - correct answer ✔The primary input to the transaction
processing system is
FRS provides information to external users; the MRS provides information to
internal users. - correct answer ✔The major difference between the financial
reporting system (FRS) and the management reporting system (MRS) is the
whether the transactions are financial or nonfinancial that directly affect the
processing of financial transactions - correct answer ✔The author
distinguishes between the accounting information system and the
management information system based on
the purchase of computer - correct answer ✔An example of a financial
transactions is
log of customer calls - correct answer ✔An example of a nonfinancial
transaction is
the conversion cycle - correct answer ✔The transaction processing system
includes which of the following
the production of useful information - correct answer ✔The goal of data
processing is
,tax authorities - correct answer ✔Which of the following is an external end
user?
internal auditing - correct answer ✔An appraisal function housed within the
organization that performs a wide range of services for management is
constituents - correct answer ✔What factor conceptually distinguishes
external auditing and internal auditing?
cash disbursements - correct answer ✔What system is part of the
expenditure cycle?
physical and financial - correct answer ✔Both the revenue and the
expenditure cycle can be viewed as having two parts. These key parts are
represent relationships between key elements of both manual and computer
systems - correct answer ✔System flowcharts do which one of the following?
oval - correct answer ✔Which symbol is used to represent a data source or
destination of documents and reports in a system flowchart?
Sales Order Processing - correct answer ✔Which accounting application is
least suited to batch processing?
there is a lag between the time when the economic event occurs, and the
financial records are updated. - correct answer ✔In contrast to a real-time
system, in a batch processing system
,processing takes place when the economic event occurs. - correct answer
✔In contrast to a batch processing system, in a real-time system
block code - correct answer ✔The coding scheme most appropriate for a
chart of accounts is
a mnemonic code - correct answer ✔When a firm wants its coding system to
convey meaning without reference to any other document, it would choose
missing or unrecorded documents can be identified. - correct answer ✔The
most important advantage of sequential coding is that
Management Reporting System (MRS) - correct answer ✔Li has
implemented a new accounting information system (AIS) to help him manage
his construction company. Li uses the information captured by the system to
plan each project, forecasting the requirements for raw materials and the cash
flow expected. Which AIS subsystem helps Li in planning?
Variance reports - correct answer ✔Which information does the
management reporting system (MRS) provide?
The decision maker wastes resources analyzing outdated information. -
correct answer ✔Useful information has the following characteristics:
relevance, timeliness, accuracy, completeness, and summarization. What
happens if the information is old?
The decision maker receives materially wrong information. - correct answer
✔Useful information has the following characteristics: relevance, timeliness,
accuracy, completeness, and summarization. What happens if the information
is inaccurate?
, The organization needs to review its credit-granting policies. - correct answer
✔Which important information does external feedback about the level of
uncollected customer accounts indicate to the management information
system?
Raw material is moved into work-in process. - correct answer ✔What is a
type of data source for the accounting information system (AIS)?
It has unique information needs. - correct answer ✔Why would an
organization decide to develop its own custom information system?
Inaccurately recording sales and cash receipts transactions in journals and
accounts. - correct answer ✔An objective of internal controls is to mitigate
the risk from errors and fraud. What is the primary risk associated with
revenue cycle transactions?
It is a temporary file using a numeric filing system. - correct answer ✔What
does the letter N in an inverted triangle mean in a system flowchart?
Master file - correct answer ✔Which digital computer file contains account
data that are updated by transactions and includes the general ledger and
subsidiary ledgers?
Parallelogram symbol - correct answer ✔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. - correct answer ✔What is the circular
symbol labeled A in the system flowchart?
