1. Which of the following is not one of the trial balances typically produced as part of the financial accounting cycle? a) Closing trial balance b) Unadjusted trial balance c) Adjusted trial balance d) Post-closing trial balance A general ledger: Is a chronological listing of an organization’s transactions b) Is a listing of an organization’s transactions, organized by account c) Does not include every account in an organization’s chart of accounts d) Is the same thing as a transaction listing The financial accounting cycle ends with: The production of financial statements b) Closing journal entries c) The production of an adjusted trial balance d) Development of cash forecasts Which of the following is not a primary objective of coding systems today? a) To compress data b) To uniquely identify objects c) To convey special meanings that are not apparent to the public-at-large d) To use numbers instead of alphabetic characters in order to save on computer data storage costs The Year 2000 problem is a prime example of: b) Information overload b) A coding problem c) Poorly designed report structures d) The short-sightedness of accountants . Which of the following is not usually a design consideration in coding systems? Consistency b) Standardization c) Government regulation d) Plans for future expansion 26. Well-designed output reports are characterized by all but which of the following? c) They are useful b) They are conveniently formatted c) They never include graphs d) They are easily identifiable 27. Information overload: d.a) Refers to a problem that can result when an AIS produces too many reports d.b) Refers to the situation that occurs when a company’s database is too large d.c) Almost always results when an AIS is computerized d.d) Cannot be avoided in the Information Age
28. Which of the following is not an example of a source document? d) Receiving report b) Purchase order c) Sales order d) Aging report 29. Performance reports are: e) Reports that compare budgets with actual performance b) Reports that show any exception conditions in an organization c) Never presented in an exception format d) Transaction listings 30. The sales process begins with: a) Placing an order with a vendor b) A customer order for goods or services c) Production of goods or services d) Delivery of goods or services 31. The primary objective in processing revenues is to: f) Sell as many goods as possible b) Achieve timely and efficient cash collection c) Maximize an organization’s sales orders d) Only sell goods to customers who can pay their bills 32. An important input to the sales process is: a) A customer sales order b) The cash forecast c) Aged accounts receivable information d) A receiving report 33. To forecast cash receipts, information must be collected from: g) The purchasing process b) Payroll processing c) Inventory control systems d) The sales process 34. Which of the following is not an objective of the purchasing process? h)
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