WGU D217 Accounting Information Systems
Exam Questions With Correct Answers
Which |of |the |following |is |a |problem |usually |associated |with |the |flat-file |approach |to |data |
management? |- |CORRECT |ANSWER✔✔-data |redundancy
Which |problem |is |characteristically |associated |with |the |flat-file |approach |to |data |
management? |- |CORRECT |ANSWER✔✔-the |inability |to |determine |what |data |is |available
A |description |of |the |physical |arrangement |of |records |in |the |database |is |- |CORRECT |
ANSWER✔✔-the |internal |view.
Which |of |the |following |may |provide |many |distinct |views |of |the |database? |- |CORRECT |
ANSWER✔✔-the |user |view
The |update |anomaly |in |unnormalized |tables |- |CORRECT |ANSWER✔✔-occurs |because |of |data |
redundancy.
The |deletion |anomaly |in |unnormalized |tables |- |CORRECT |ANSWER✔✔-may |result |in |the |loss |
of |important |data.
Which |document |triggers |the |revenue |cycle? |- |CORRECT |ANSWER✔✔-the |customer |purchase |
order
Which |department |is |least |likely |to |be |involved |in |the |revenue |cycle? |- |CORRECT |ANSWER✔✔-
The |accounts |payable |department |is |least |likely |to |be |involved |in |the |revenue |cycle. |Accounts |
,payable |is |charged |with |managing |the |segment |of |the |expenditure |cycle |that |involves |
payments |to |vendors |and |creditors.
The |purpose |of |the |sales |invoice |is |to |- |CORRECT |ANSWER✔✔-The |purpose |of |the |sales |
invoice |is |to |bill |the |customer. |The |sales |invoice |will |be |sent |to |the |customer |for |payment. |At |
the |same |time |the |invoice |will |also |update |inventory, |send |a |journal |to |the |general |ledger, |and
|record |the |sales |journal.
Which |type |of |control |is |considered |a |compensating |control |for |customer |payments? |- |
CORRECT |ANSWER✔✔-Supervision |is |a |compensating |control |for |customer |payments. |
Compensating |controls |are |put |in |place |when |more |effective |controls |are |deemed |too |difficult |
or |costly |to |implement. |Supervision |is |the |simplest |and |most |common |form |of |compensating |
control.
Commercial |accounting |systems |have |fully |integrated |modules. |The |word |"integrated" |means |
that |- |CORRECT |ANSWER✔✔-The |word |"integrated" |means |that |the |transfer |of |information |
among |modules |occurs |automatically. |In |a |fully |integrated |system, |the |shipping |advice |will |
generate |the |request |for |invoice |automatically. |This |eliminates |the |risk |that |the |invoice |
request |is |not |processed |or |is |processed |for |a |different |amount.
A |copy |of |the |purchase |order |(PO) |is |sent |to |the |- |CORRECT |ANSWER✔✔-A |copy |of |the |
purchase |order |(PO) |is |sent |to |the |vendor. |The |purchase |order |is |the |formal |document |that |
tells |the |vendor |what |material |is |needed, |at |what |price, |in |what |quantity |and |on |what |date.
The |departments |involved |in |the |purchasing |process |are |purchasing, |receiving, |inventory |
control |and |- |CORRECT |ANSWER✔✔-The |departments |involved |in |the |purchasing |process |are |
purchasing, |receiving, |inventory |control |and |accounts |payable. |Accounts |payable |completes |
the |purchasing |process |by |authorizing |and |executing |the |cash |disbursement |based |on |a |signal |
from |receiving |or |inventory |control.
When |a |cash |disbursement |in |payment |of |an |accounts |payable |is |recorded |- |CORRECT |
ANSWER✔✔-When |a |cash |disbursement |in |payment |of |an |accounts |payable |is |recorded |the |
, liability |account |is |decreased. |On |the |Balance |Sheet, |accounts |payable |is |a |current |liability. |
When |a |cash |disbursement |is |recorded, |the |liability |will |be |reduced.
The |greatest |risk |of |misappropriation |of |funds |occurs |in |- |CORRECT |ANSWER✔✔-The |greatest |
risk |of |misappropriation |of |funds |occurs |in |accounts |payable. |This |may |take |the |form |of |
payments |for |goods |not |ordered |or |received |and |to |vendors |that |do |not |exist. |The |risk |can |be |
reduced |through |supervision, |segregation |of |duties, |independent |verification, |or |automated |
processes.
In |a |firm |with |proper |segregation |of |duties, |adequate |supervision |as |a |compensating |control |is
|still |necessary |in |- |CORRECT |ANSWER✔✔-In |a |firm |with |proper |segregation |of |duties, |
adequate |supervision |is |most |critical |in |receiving. |Every |day |materials |arrive |on |the |receiving |
dock. |Until |those |receipts |are |recorded |in |the |system, |they |are |invisible |to |anyone |but |the |
receivers |and |their |supervisors. |Supervision |is |a |compensating |control |appropriate |before |
more |automated |controls |take |effect. |Scanning |technology |and |automated |three-way |match |
are |technological |controls |that |reduce |risk.
The |fixed |asset |system |records |the |- |CORRECT |ANSWER✔✔-The |fixed |asset |system |records |the
|purchase |of |a |new |plant. |The |fixed |asset |system |records |property, |plant, |and |equipment |used |
in |the |operation |of |the |business. |These |represent |the |largest |investments |of |the |firm.
In |a |technology |enabled |payroll |system, |Personnel, |Time |Keeping, |Payroll, |and |Accounts |
Payable |connect |to |which |department |to |pay |employees? |- |CORRECT |ANSWER✔✔-In |a |
technology-enabled |payroll |system, |Personnel, |Time |Keeping, |Payroll |and |Accounts |Payable |
connect |to |cash |disbursements |to |pay |employees. |Personnel |inputs |the |basic |employee |
information |and |rate |of |pay; |Time |Keeping |collects |hours |worked |and |verifies |time |cards; |
Payroll |inputs |the |hours |worked |into |the |payroll |system |which |calculates |gross |and |net |pay, |
taxes, |and |other |deductions; |Accounts |Payable |approves |the |payment |amount; |and |finally |
cash |disbursements |issues |pay |checks |or |direct |deposit. |The |general |ledger |will |be |updated |
after |the |cash |disbursement |occurs.
An |important |reconciliation |in |the |payroll |system |is |- |CORRECT |ANSWER✔✔-An |important |
reconciliation |in |the |payroll |system |is |that |the |general |ledger |compares |the |labor |distribution |
Exam Questions With Correct Answers
Which |of |the |following |is |a |problem |usually |associated |with |the |flat-file |approach |to |data |
management? |- |CORRECT |ANSWER✔✔-data |redundancy
Which |problem |is |characteristically |associated |with |the |flat-file |approach |to |data |
management? |- |CORRECT |ANSWER✔✔-the |inability |to |determine |what |data |is |available
A |description |of |the |physical |arrangement |of |records |in |the |database |is |- |CORRECT |
ANSWER✔✔-the |internal |view.
Which |of |the |following |may |provide |many |distinct |views |of |the |database? |- |CORRECT |
ANSWER✔✔-the |user |view
The |update |anomaly |in |unnormalized |tables |- |CORRECT |ANSWER✔✔-occurs |because |of |data |
redundancy.
The |deletion |anomaly |in |unnormalized |tables |- |CORRECT |ANSWER✔✔-may |result |in |the |loss |
of |important |data.
Which |document |triggers |the |revenue |cycle? |- |CORRECT |ANSWER✔✔-the |customer |purchase |
order
Which |department |is |least |likely |to |be |involved |in |the |revenue |cycle? |- |CORRECT |ANSWER✔✔-
The |accounts |payable |department |is |least |likely |to |be |involved |in |the |revenue |cycle. |Accounts |
,payable |is |charged |with |managing |the |segment |of |the |expenditure |cycle |that |involves |
payments |to |vendors |and |creditors.
The |purpose |of |the |sales |invoice |is |to |- |CORRECT |ANSWER✔✔-The |purpose |of |the |sales |
invoice |is |to |bill |the |customer. |The |sales |invoice |will |be |sent |to |the |customer |for |payment. |At |
the |same |time |the |invoice |will |also |update |inventory, |send |a |journal |to |the |general |ledger, |and
|record |the |sales |journal.
Which |type |of |control |is |considered |a |compensating |control |for |customer |payments? |- |
CORRECT |ANSWER✔✔-Supervision |is |a |compensating |control |for |customer |payments. |
Compensating |controls |are |put |in |place |when |more |effective |controls |are |deemed |too |difficult |
or |costly |to |implement. |Supervision |is |the |simplest |and |most |common |form |of |compensating |
control.
Commercial |accounting |systems |have |fully |integrated |modules. |The |word |"integrated" |means |
that |- |CORRECT |ANSWER✔✔-The |word |"integrated" |means |that |the |transfer |of |information |
among |modules |occurs |automatically. |In |a |fully |integrated |system, |the |shipping |advice |will |
generate |the |request |for |invoice |automatically. |This |eliminates |the |risk |that |the |invoice |
request |is |not |processed |or |is |processed |for |a |different |amount.
A |copy |of |the |purchase |order |(PO) |is |sent |to |the |- |CORRECT |ANSWER✔✔-A |copy |of |the |
purchase |order |(PO) |is |sent |to |the |vendor. |The |purchase |order |is |the |formal |document |that |
tells |the |vendor |what |material |is |needed, |at |what |price, |in |what |quantity |and |on |what |date.
The |departments |involved |in |the |purchasing |process |are |purchasing, |receiving, |inventory |
control |and |- |CORRECT |ANSWER✔✔-The |departments |involved |in |the |purchasing |process |are |
purchasing, |receiving, |inventory |control |and |accounts |payable. |Accounts |payable |completes |
the |purchasing |process |by |authorizing |and |executing |the |cash |disbursement |based |on |a |signal |
from |receiving |or |inventory |control.
When |a |cash |disbursement |in |payment |of |an |accounts |payable |is |recorded |- |CORRECT |
ANSWER✔✔-When |a |cash |disbursement |in |payment |of |an |accounts |payable |is |recorded |the |
, liability |account |is |decreased. |On |the |Balance |Sheet, |accounts |payable |is |a |current |liability. |
When |a |cash |disbursement |is |recorded, |the |liability |will |be |reduced.
The |greatest |risk |of |misappropriation |of |funds |occurs |in |- |CORRECT |ANSWER✔✔-The |greatest |
risk |of |misappropriation |of |funds |occurs |in |accounts |payable. |This |may |take |the |form |of |
payments |for |goods |not |ordered |or |received |and |to |vendors |that |do |not |exist. |The |risk |can |be |
reduced |through |supervision, |segregation |of |duties, |independent |verification, |or |automated |
processes.
In |a |firm |with |proper |segregation |of |duties, |adequate |supervision |as |a |compensating |control |is
|still |necessary |in |- |CORRECT |ANSWER✔✔-In |a |firm |with |proper |segregation |of |duties, |
adequate |supervision |is |most |critical |in |receiving. |Every |day |materials |arrive |on |the |receiving |
dock. |Until |those |receipts |are |recorded |in |the |system, |they |are |invisible |to |anyone |but |the |
receivers |and |their |supervisors. |Supervision |is |a |compensating |control |appropriate |before |
more |automated |controls |take |effect. |Scanning |technology |and |automated |three-way |match |
are |technological |controls |that |reduce |risk.
The |fixed |asset |system |records |the |- |CORRECT |ANSWER✔✔-The |fixed |asset |system |records |the
|purchase |of |a |new |plant. |The |fixed |asset |system |records |property, |plant, |and |equipment |used |
in |the |operation |of |the |business. |These |represent |the |largest |investments |of |the |firm.
In |a |technology |enabled |payroll |system, |Personnel, |Time |Keeping, |Payroll, |and |Accounts |
Payable |connect |to |which |department |to |pay |employees? |- |CORRECT |ANSWER✔✔-In |a |
technology-enabled |payroll |system, |Personnel, |Time |Keeping, |Payroll |and |Accounts |Payable |
connect |to |cash |disbursements |to |pay |employees. |Personnel |inputs |the |basic |employee |
information |and |rate |of |pay; |Time |Keeping |collects |hours |worked |and |verifies |time |cards; |
Payroll |inputs |the |hours |worked |into |the |payroll |system |which |calculates |gross |and |net |pay, |
taxes, |and |other |deductions; |Accounts |Payable |approves |the |payment |amount; |and |finally |
cash |disbursements |issues |pay |checks |or |direct |deposit. |The |general |ledger |will |be |updated |
after |the |cash |disbursement |occurs.
An |important |reconciliation |in |the |payroll |system |is |- |CORRECT |ANSWER✔✔-An |important |
reconciliation |in |the |payroll |system |is |that |the |general |ledger |compares |the |labor |distribution |
