ACCT 307 FINAL REVIEW | 78 QUESTIONS AND ANSWERS | RATED 100% CORRECT.
Which of the following is an example of a business rule implementing access controls?
- The warehouse containing inventory must be locked when the inventory manager is not present.
- Users recording collections cannot modify sales records.
- The computer system shall generate an audit trail.
- Internal auditors shall be used.
- The warehouse containing inventory must be locked when the inventory manager is not present and
user's recording collections cannot modify sales records are business rules implementing access
controls. - (ANSWER)The warehouse containing inventory must be locked when the inventory manager
is not present and user's recording collections cannot modify sales records are business rules
implementing access controls.
Which of the following is not one of the elements to be identified when developing business rules?
- Important business events.
- Conditions that affects the intention/objective for an event.
- Access controls that limit who can use information.
- Actions to be taken based on conditions. - (ANSWER)Access controls that limit who can use
information.
Which of the following best describes the use of type images in UML class modeling?
- Allow companies to include graphic images in class models.
- Used to enumerate a many-to-many association between two REA classes.
- Allow modelers to distinguish between types of activities in an activity diagram.
- Allow categorization of REA classes based on management's information needs. - (ANSWER)Allow
categorization of REA classes based on management's information needs.
In the generic REA model for the sales and collections process, the multiplicities between the Sales and
Cash Receipts classes are displayed with question marks. Which of the following best explains this?
,ACCT 307 FINAL REVIEW | 78 QUESTIONS AND ANSWERS | RATED 100% CORRECT.
- The direction of process flow depends on the nature of the business.
- The quantities of items sold can't be determined until the sale occurs.
- The actual values will depend on the nature of the business.
- The customer determines the multiplicities for this association. - (ANSWER)The actual values will
depend on the nature of the business.
Which of following best describes the control activities that access controls can help implement?
- Document control.
- Safeguard assets.
- Segregation of duties.
- Monitoring. - (ANSWER)Segregation of duties
In Access, system designers sometimes set range limits for values of attributes so users can't enter
unreasonable values; this is an example of what kind of controls?
- Application.
- Access.
- Internal.
- Management. - (ANSWER)Application
Which of the following best describes the first step in the process for developing business rules?
- Prepare an activity diagram.
- Identify important events (or steps) in a process.
- Prepare a structure diagram.
- Review process documentation. - (ANSWER)Identify important events (or steps) in a process.
, ACCT 307 FINAL REVIEW | 78 QUESTIONS AND ANSWERS | RATED 100% CORRECT.
Which of the following is not an activity in the purchases and payments process?
- Request prices
- Receive items
- Pay for items
- Bill customers
- All of the choices are activities in the purchases and payments process. - (ANSWER)Bill Customers
Which activity results in an increase to accounts payable?
- Receive items
- Send payment
- Request prices
- Return rejected items
- Place purchase order - (ANSWER)Receive items
Which of the following is not an example of an application control?
- Range checks ensure that purchases are limited to valid amounts.
- Employee making disbursements cannot modify purchase orders.
- System supplies supplier address for the payment.
- System creates audit trail documenting all changes.
- All of the choices are examples of application controls. - (ANSWER)Employee making disbursements
cannot modify purchase orders.
Which of the following is an agent in a purchases and payments structure model?
Which of the following is an example of a business rule implementing access controls?
- The warehouse containing inventory must be locked when the inventory manager is not present.
- Users recording collections cannot modify sales records.
- The computer system shall generate an audit trail.
- Internal auditors shall be used.
- The warehouse containing inventory must be locked when the inventory manager is not present and
user's recording collections cannot modify sales records are business rules implementing access
controls. - (ANSWER)The warehouse containing inventory must be locked when the inventory manager
is not present and user's recording collections cannot modify sales records are business rules
implementing access controls.
Which of the following is not one of the elements to be identified when developing business rules?
- Important business events.
- Conditions that affects the intention/objective for an event.
- Access controls that limit who can use information.
- Actions to be taken based on conditions. - (ANSWER)Access controls that limit who can use
information.
Which of the following best describes the use of type images in UML class modeling?
- Allow companies to include graphic images in class models.
- Used to enumerate a many-to-many association between two REA classes.
- Allow modelers to distinguish between types of activities in an activity diagram.
- Allow categorization of REA classes based on management's information needs. - (ANSWER)Allow
categorization of REA classes based on management's information needs.
In the generic REA model for the sales and collections process, the multiplicities between the Sales and
Cash Receipts classes are displayed with question marks. Which of the following best explains this?
,ACCT 307 FINAL REVIEW | 78 QUESTIONS AND ANSWERS | RATED 100% CORRECT.
- The direction of process flow depends on the nature of the business.
- The quantities of items sold can't be determined until the sale occurs.
- The actual values will depend on the nature of the business.
- The customer determines the multiplicities for this association. - (ANSWER)The actual values will
depend on the nature of the business.
Which of following best describes the control activities that access controls can help implement?
- Document control.
- Safeguard assets.
- Segregation of duties.
- Monitoring. - (ANSWER)Segregation of duties
In Access, system designers sometimes set range limits for values of attributes so users can't enter
unreasonable values; this is an example of what kind of controls?
- Application.
- Access.
- Internal.
- Management. - (ANSWER)Application
Which of the following best describes the first step in the process for developing business rules?
- Prepare an activity diagram.
- Identify important events (or steps) in a process.
- Prepare a structure diagram.
- Review process documentation. - (ANSWER)Identify important events (or steps) in a process.
, ACCT 307 FINAL REVIEW | 78 QUESTIONS AND ANSWERS | RATED 100% CORRECT.
Which of the following is not an activity in the purchases and payments process?
- Request prices
- Receive items
- Pay for items
- Bill customers
- All of the choices are activities in the purchases and payments process. - (ANSWER)Bill Customers
Which activity results in an increase to accounts payable?
- Receive items
- Send payment
- Request prices
- Return rejected items
- Place purchase order - (ANSWER)Receive items
Which of the following is not an example of an application control?
- Range checks ensure that purchases are limited to valid amounts.
- Employee making disbursements cannot modify purchase orders.
- System supplies supplier address for the payment.
- System creates audit trail documenting all changes.
- All of the choices are examples of application controls. - (ANSWER)Employee making disbursements
cannot modify purchase orders.
Which of the following is an agent in a purchases and payments structure model?
