WGU D217 ACCOUNTING INFORMATION SYSTEMS EXAM
QUESTIONS AND ANSWERS VERIFIED GUARANTEED
SUCCESS
a financial transaction
The primary input to the transaction processing system is
FRS provides information to external users; the MRS provides information to internal
users.
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
The author distinguishes between the accounting information system and the
management information system based on
the purchase of computer
An example of a financial transactions is
log of customer calls
An example of a nonfinancial transaction is
,the conversion cycle
The transaction processing system includes which of the following
the production of useful information
The goal of data processing is
tax authorities
Which of the following is an external end user?
internal auditing
An appraisal function housed within the organization that performs a wide range of
services for management is
constituents
What factor conceptually distinguishes external auditing and internal auditing?
cash disbursements
What system is part of the expenditure cycle?
,physical and financial
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
System flowcharts do which one of the following?
oval
Which symbol is used to represent a data source or destination of documents and
reports in a system flowchart?
Sales Order Processing
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.
In contrast to a real-time system, in a batch processing system
processing takes place when the economic event occurs.
In contrast to a batch processing system, in a real-time system
block code
, The coding scheme most appropriate for a chart of accounts is
a mnemonic code
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.
The most important advantage of sequential coding is that
Management Reporting System (MRS)
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
Which information does the management reporting system (MRS) provide?
The decision maker wastes resources analyzing outdated information.
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.
QUESTIONS AND ANSWERS VERIFIED GUARANTEED
SUCCESS
a financial transaction
The primary input to the transaction processing system is
FRS provides information to external users; the MRS provides information to internal
users.
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
The author distinguishes between the accounting information system and the
management information system based on
the purchase of computer
An example of a financial transactions is
log of customer calls
An example of a nonfinancial transaction is
,the conversion cycle
The transaction processing system includes which of the following
the production of useful information
The goal of data processing is
tax authorities
Which of the following is an external end user?
internal auditing
An appraisal function housed within the organization that performs a wide range of
services for management is
constituents
What factor conceptually distinguishes external auditing and internal auditing?
cash disbursements
What system is part of the expenditure cycle?
,physical and financial
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
System flowcharts do which one of the following?
oval
Which symbol is used to represent a data source or destination of documents and
reports in a system flowchart?
Sales Order Processing
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.
In contrast to a real-time system, in a batch processing system
processing takes place when the economic event occurs.
In contrast to a batch processing system, in a real-time system
block code
, The coding scheme most appropriate for a chart of accounts is
a mnemonic code
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.
The most important advantage of sequential coding is that
Management Reporting System (MRS)
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
Which information does the management reporting system (MRS) provide?
The decision maker wastes resources analyzing outdated information.
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.
