WGU D217 Accounting Information Systems || Zero Flaw on
Answers.
Which of the following is a problem usually associated with the flat-file approach to data
management? correct answers data redundancy
Which problem is characteristically associated with the flat-file approach to data management?
correct answers the inability to determine what data is available
A description of the physical arrangement of records in the database is correct answers the
internal view.
Which of the following may provide many distinct views of the database? correct answers the
user view
The update anomaly in unnormalized tables correct answers occurs because of data redundancy.
The deletion anomaly in unnormalized tables correct answers may result in the loss of important
data.
Which document triggers the revenue cycle? correct answers the customer purchase order
Which department is least likely to be involved in the revenue cycle? correct answers 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 answers 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
answers 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 answers 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 answers 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 answers 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 answers 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 answers 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 answers 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 answers 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 answers 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 answers An important reconciliation
in the payroll system is that the general ledger compares the labor distribution summary from
cost accounting to the disbursement voucher from accounts payable. Cost accounting will be
tracking the job tickets to properly account for work in process. Accounts payable will produce a
disbursement voucher based on input from timecards. Job tickets and timecards should match
when hours and hourly rates are extended.
Which of the following situations represents an internal control weakness? correct answers The
distribution of paychecks by the employees' immediate supervisor is an internal control
weakness. Paychecks should go directly to employees either by mail or through direct deposit.
Giving the responsibility for distribution to the supervisor creates the possibility of loss, theft, or
withholding of pay from an employee that the supervisor simply does not like. An additional risk
arises if the employee is absent on payday and the supervisor has no secure storage for the check
until the employee is back.
Answers.
Which of the following is a problem usually associated with the flat-file approach to data
management? correct answers data redundancy
Which problem is characteristically associated with the flat-file approach to data management?
correct answers the inability to determine what data is available
A description of the physical arrangement of records in the database is correct answers the
internal view.
Which of the following may provide many distinct views of the database? correct answers the
user view
The update anomaly in unnormalized tables correct answers occurs because of data redundancy.
The deletion anomaly in unnormalized tables correct answers may result in the loss of important
data.
Which document triggers the revenue cycle? correct answers the customer purchase order
Which department is least likely to be involved in the revenue cycle? correct answers 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 answers 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
answers 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 answers 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 answers 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 answers 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 answers 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 answers 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 answers 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 answers 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 answers 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 answers An important reconciliation
in the payroll system is that the general ledger compares the labor distribution summary from
cost accounting to the disbursement voucher from accounts payable. Cost accounting will be
tracking the job tickets to properly account for work in process. Accounts payable will produce a
disbursement voucher based on input from timecards. Job tickets and timecards should match
when hours and hourly rates are extended.
Which of the following situations represents an internal control weakness? correct answers The
distribution of paychecks by the employees' immediate supervisor is an internal control
weakness. Paychecks should go directly to employees either by mail or through direct deposit.
Giving the responsibility for distribution to the supervisor creates the possibility of loss, theft, or
withholding of pay from an employee that the supervisor simply does not like. An additional risk
arises if the employee is absent on payday and the supervisor has no secure storage for the check
until the employee is back.
