WGU D217 Accounting Information Systems & Enterprise Resource
Planning Mastery Exam | SDLC, TPS, GLS, FRS, MRS, ERP, COSO, SOX,
GAAP, GAAS, Risk Management, Internal Controls, Audit Procedures,
Data Coding, Batch & Real-Time Processing, Flowcharts, WBS, PERT,
CPM, Critical Path, Cost & Schedule Variance, Payroll, Fixed Assets,
Vendor Controls, Revenue & Expenditure Cycles, Continuous Auditing,
Data Warehousing, Encryption, Digital Signatures, Firewall, Change
Management, Management Reporting, Decision Support, Prescriptive
Analytics Exam Questions Verified and Provided with Complete A+
Graded Rationales Latest Updated 2026
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?
Planning Mastery Exam | SDLC, TPS, GLS, FRS, MRS, ERP, COSO, SOX,
GAAP, GAAS, Risk Management, Internal Controls, Audit Procedures,
Data Coding, Batch & Real-Time Processing, Flowcharts, WBS, PERT,
CPM, Critical Path, Cost & Schedule Variance, Payroll, Fixed Assets,
Vendor Controls, Revenue & Expenditure Cycles, Continuous Auditing,
Data Warehousing, Encryption, Digital Signatures, Firewall, Change
Management, Management Reporting, Decision Support, Prescriptive
Analytics Exam Questions Verified and Provided with Complete A+
Graded Rationales Latest Updated 2026
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?
