Exam 1 Review - fits \lcwell Exam [Review True/False An...

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Unformatted text preview: fits \lcwell Exam [Review True/False An AIS component is those that use the system 0 True An audit trail can only assist external auditors 0 False A chart of accounts provides the user with a list of generalledger accounts 0 True Information that is timely is free from error or bias 0 False Data flows represent transformation of data 0 False Which does not influence the design of an AIS? 0 Legal environment What is not a guideline when drawing a DFD? 0 Display the physical location of data files Reliability refers to the characteristic of information whereby: 0 Information is free from error or bias What is a major activity for the revenue cycle? 0 Deliver or ship order An example of data input is: 0 Employee change form Not a common data coding technique: 0 Sorted DFD’s depict: o Processes, but not who is performing the processes Situation given — phone call from Bill, what is the characteristic absent? 0 Complete DFD’s: 'o Are a graphical description of the source and destination of data that shows how data flows within an organization Information is: 0 Data that has been organized and processed so that it’s meaniningful SOX requires independent auditors to: 0 Understand a client’s system of internal controls Not a part of the data processing cycle? 0 Feedback from external sources Information that reduces uncertainty, improves decision maker’s ability to make predictions or corrects their prior expectations is said to be: 0 Relevant Not a common source document for the revenue cycle: 0 Receiving report When 2 knowledgeable entities acting independently produce the same info: 0 Verifiable Situation given, donors are considered a: 0 Data source = (Rectangle answer) Not a transaction cycle? 0 General ledger and reporting What initiates data input into a system? 0 Performance of some business activity general serves as the trigger for data input “Give—get” transactions example in expenditure cycle: 0 Give cash, get goods First activity in transaction processing? 0 Capturing data on source documents Not an example of how AIS adds value to an organization? 0 All employees at a hospital can access and update patient records from any computer terminal in the hospital Paying federal payroll taxes: 0 Human resources/payroll Issuing of a purchase order: 0 Expenditure cycle What is the activity of arranging delivery of products to customers in the value chain? 0 Outbound logistics Value-chain concept is composed of 2 types of activities: 0 Primary and support Summary description of the services and uses of data: 0 Data flow diagram What transaction processing mode provides most accurate and complete information for decision making? 0 Online An AIS processes _g to provide users with __ 0 Data; information Typical source document: 0 In some paper form/computer entry data screen Graphical representations of information are supplemented by: o Narrative descriptions DFD, when data is transformed through a process: 0 (Circle) Pro-numbering of source documents helps verify that: o All transactions have been recorded since the numerical sequence serves as a control Inventory (in a DFD, has lines on top and bottom of it) 0 Data store Decision in a DFD: 0 (Diamond) ° General ledger master file on a magnetic disk? 0 (Cylinder) ' Diagram represents activity? 0 (Rectangle with curved corners, arrow, floppy disk logo) ° A well—planned and drawn level 0 DFD for expenditure cycle shows: 0 1.0 order goods, 2.0 receive and store goods, 3.0 pay for goods ° General ledger o Summarizes transactions in journals ° Changing employee’s hourly wage rate is recorded in: 0 Employee master file ° A well-planned and drawn context DFD will include how many processes? 0 One Short-answer Questions Discuss concept of a system and issues of goal conflict and goal congruence Describe basic cycles and business activities for a typical merchandising company Describe the different levels of DFD’s 74) Describe the different levels of DFDs. Answer: The highest-level or summary View DFD, which shows major inputs/ outputs and a single process is called a context diagram. The DFD itself shows inputs, major processes, and outputs; each process in the DFD can be "exploded" or shown in greater level of detail with the sub-processes and related data flows. Page Ref: 52 Objective: Learning Objective 1 Difficulty : Moderate AACSB: Analytic Pr 5 “plead/i; "(Itch W‘M an, my ‘Mrw rm 5 is sigma 4ME) "5‘0 New? ~ czer \ " , 1’ 1 r , x i 3“. a»? a r“ . s , ,- ‘ 2‘ 5‘s rm», V .0 I; ~ - VI‘ 9 hasfyfri » fir fwgawiyfi‘ 3,,“ [j ‘1de ( 4 f r~ ’~ r »« .fi ~ -i ‘23 in ” new” ‘ < - ' i L ‘3‘ ‘ “we g" ,V Man»; a 2:55“? xi '1‘ w 22‘ ft) ;, w w: (give 2mm #5 Cam imam; é: r995?) 35% a . v S ! 4" . x b . 3v‘ 3’ “*4 5" ."'i«‘”'f- ' ‘ I -~ {33“ rte» ~32 9 so {$9.441 « ("at V.) r. are EHRNR enemy *0 dc»)?! a x.- am? 1.12% wr Pvtrimaé’inq Jffat‘wwfi “Wm M} fit“: ~ W W J J m 66de deiiwfrfim "MW WWI» pm?” 59-bit”). 4W7} haw Mr w d:’>?c>'~“‘ “ v; ...
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This note was uploaded on 01/08/2012 for the course ACCT 3603 taught by Professor Staff during the Fall '08 term at Oklahoma State.

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Exam 1 Review - fits \lcwell Exam [Review True/False An...

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