QUIZ
Assessment 4
Started on Wednesday, 25 September 2025, 6:17 PM
State Finished
Completed on Wednesday, 25 September 2025, 7:34 PM
Time taken 27 mins 20 secs
Grade 45.00 out of 50.00 (85%)
Question 1
Complete
Mark 1.00 out of 1.00
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Question text
Although there is no physical movement of inventory when a sales order is created, an
artificial movement in quantity is necessary to ensure that the organisation doesn’t sell
items already promised to a client.
Select one:
True
False
Question 2
Complete
Mark 1.00 out of 1.00
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Question text
Specialised warehouse information systems are required when an organisation has
extensive warehouse and store locations.
Select one:
True
False
Question 3
Complete
Mark 1.00 out of 1.00
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Question text
There is a limit to the number of accounts that are listed in an account chart.
True
False
Question 4
Complete
Mark 1.00 out of 1.00
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Question text
IFRS reporting requirements are often different from Tax reporting requirements; the
organization must prioritize IFRS requirements when setting up its account chart as Tax
returns are secondary.
, True
False
Question 5
Complete
Mark 1.00 out of 1.00
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Question text
Financial information is critical and loss thereof can result in huge losses for an
organisation hence the importance of daily Answer to ensure that complete recovery of
financial information will be possible.
Question 6
Complete
Mark 0.00 out of 1.00
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Question text
When recording an investment transaction, once can use the bank statement as a
source documents.
Select one:
True
False
Question 7
Complete
Mark 1.00 out of 1.00
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Question text
The administrator in an Accounting Information System is given rights to bypass a large
number of electronic controls.
True
False
Question 8
Complete
Mark 1.00 out of 1.00
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Question text
Due to the number of users that a very basic off-the-shelf Accounting Information
System caters for, this internal control is rendered impossible:
a.
Reconciliation and review
b.
Segregation of duties
c.
Monitoring and control
d.
Assessment 4
Started on Wednesday, 25 September 2025, 6:17 PM
State Finished
Completed on Wednesday, 25 September 2025, 7:34 PM
Time taken 27 mins 20 secs
Grade 45.00 out of 50.00 (85%)
Question 1
Complete
Mark 1.00 out of 1.00
Flag question
Question text
Although there is no physical movement of inventory when a sales order is created, an
artificial movement in quantity is necessary to ensure that the organisation doesn’t sell
items already promised to a client.
Select one:
True
False
Question 2
Complete
Mark 1.00 out of 1.00
Flag question
Question text
Specialised warehouse information systems are required when an organisation has
extensive warehouse and store locations.
Select one:
True
False
Question 3
Complete
Mark 1.00 out of 1.00
Flag question
Question text
There is a limit to the number of accounts that are listed in an account chart.
True
False
Question 4
Complete
Mark 1.00 out of 1.00
Flag question
Question text
IFRS reporting requirements are often different from Tax reporting requirements; the
organization must prioritize IFRS requirements when setting up its account chart as Tax
returns are secondary.
, True
False
Question 5
Complete
Mark 1.00 out of 1.00
Flag question
Question text
Financial information is critical and loss thereof can result in huge losses for an
organisation hence the importance of daily Answer to ensure that complete recovery of
financial information will be possible.
Question 6
Complete
Mark 0.00 out of 1.00
Flag question
Question text
When recording an investment transaction, once can use the bank statement as a
source documents.
Select one:
True
False
Question 7
Complete
Mark 1.00 out of 1.00
Flag question
Question text
The administrator in an Accounting Information System is given rights to bypass a large
number of electronic controls.
True
False
Question 8
Complete
Mark 1.00 out of 1.00
Flag question
Question text
Due to the number of users that a very basic off-the-shelf Accounting Information
System caters for, this internal control is rendered impossible:
a.
Reconciliation and review
b.
Segregation of duties
c.
Monitoring and control
d.
