WGU D217 Accounting Information Systems
Exam Questions and Answers with Verified
Solutions | Latest Updated 2026
a financial transaction The primary input to the transaction
processing
system is
FRS provides information to The major difference between the financial
external reporting system (FRS) and the
users; the MRS provides management
information reporting system (MRS) is the
to internal users.
whether the transactions are The author distinguishes between the
financial accounting
or nonfinancial that directly affect information system and the management
the processing of financial information system based on
transactions
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 The goal of data processing is
information
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 System flowcharts do which one of the
key following?
elements of both manual and
computer systems
, 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 In contrast to a real-time system, in a
when batch
the economic event occurs, and processing system
the
financial records are updated.
processing takes place when the In contrast to a batch processing system,
economic event occurs. 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
Exam Questions and Answers with Verified
Solutions | Latest Updated 2026
a financial transaction The primary input to the transaction
processing
system is
FRS provides information to The major difference between the financial
external reporting system (FRS) and the
users; the MRS provides management
information reporting system (MRS) is the
to internal users.
whether the transactions are The author distinguishes between the
financial accounting
or nonfinancial that directly affect information system and the management
the processing of financial information system based on
transactions
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 The goal of data processing is
information
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 System flowcharts do which one of the
key following?
elements of both manual and
computer systems
, 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 In contrast to a real-time system, in a
when batch
the economic event occurs, and processing system
the
financial records are updated.
processing takes place when the In contrast to a batch processing system,
economic event occurs. 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
