WGU D217 ACCOUNTING
INFORMATION SYSTEMS 2026
WITH 100% ACCURATE AND
VERIFIED ANSWERS GRADE A+
a financial transaction - answer-The primary input to the transaction processing system
is
FRS provides information to external users; the MRS provides information to internal
users. - answer-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 - answer-The author distinguishes between the accounting
information system and the management information system based on
the purchase of computer - answer-An example of a financial transactions is
log of customer calls - answer-An example of a nonfinancial transaction is
the conversion cycle - answer-The transaction processing system includes which of the
following
the production of useful information - answer-The goal of data processing is
tax authorities - answer-Which of the following is an external end user?
internal auditing - answer-An appraisal function housed within the organization that
performs a wide range of services for management is
,constituents - answer-What factor conceptually distinguishes external auditing and
internal auditing?
cash disbursements - answer-What system is part of the expenditure cycle?
physical and financial - answer-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 -
answer-System flowcharts do which one of the following?
oval - answer-Which symbol is used to represent a data source or destination of
documents and reports in a system flowchart?
Sales Order Processing - answer-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. - answer-In contrast to a real-time system, in a batch processing
system
processing takes place when the economic event occurs. - answer-In contrast to a
batch processing system, in a real-time system
block code - answer-The coding scheme most appropriate for a chart of accounts is
a mnemonic code - answer-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. - answer-The most important
advantage of sequential coding is that
, Management Reporting System (MRS) - answer-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?
Variance reports - answer-Which information does the management reporting system
(MRS) provide?
The decision maker wastes resources analyzing outdated information. - answer-Useful
information has the following characteristics: relevance, timeliness, accuracy,
completeness, and summarization. What happens if the information is old?
The decision maker receives materially wrong information. - answer-Useful information
has the following characteristics: relevance, timeliness, accuracy, completeness, and
summarization. What happens if the information is inaccurate?
The organization needs to review its credit-granting policies. - answer-Which important
information does external feedback about the level of uncollected customer accounts
indicate to the management information system?
Raw material is moved into work-in process. - answer-What is a type of data source for
the accounting information system (AIS)?
It has unique information needs. - answer-Why would an organization decide to develop
its own custom information system?
Inaccurately recording sales and cash receipts transactions in journals and accounts. -
answer-An objective of internal controls is to mitigate the risk from errors and fraud.
What is the primary risk associated with revenue cycle transactions?
INFORMATION SYSTEMS 2026
WITH 100% ACCURATE AND
VERIFIED ANSWERS GRADE A+
a financial transaction - answer-The primary input to the transaction processing system
is
FRS provides information to external users; the MRS provides information to internal
users. - answer-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 - answer-The author distinguishes between the accounting
information system and the management information system based on
the purchase of computer - answer-An example of a financial transactions is
log of customer calls - answer-An example of a nonfinancial transaction is
the conversion cycle - answer-The transaction processing system includes which of the
following
the production of useful information - answer-The goal of data processing is
tax authorities - answer-Which of the following is an external end user?
internal auditing - answer-An appraisal function housed within the organization that
performs a wide range of services for management is
,constituents - answer-What factor conceptually distinguishes external auditing and
internal auditing?
cash disbursements - answer-What system is part of the expenditure cycle?
physical and financial - answer-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 -
answer-System flowcharts do which one of the following?
oval - answer-Which symbol is used to represent a data source or destination of
documents and reports in a system flowchart?
Sales Order Processing - answer-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. - answer-In contrast to a real-time system, in a batch processing
system
processing takes place when the economic event occurs. - answer-In contrast to a
batch processing system, in a real-time system
block code - answer-The coding scheme most appropriate for a chart of accounts is
a mnemonic code - answer-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. - answer-The most important
advantage of sequential coding is that
, Management Reporting System (MRS) - answer-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?
Variance reports - answer-Which information does the management reporting system
(MRS) provide?
The decision maker wastes resources analyzing outdated information. - answer-Useful
information has the following characteristics: relevance, timeliness, accuracy,
completeness, and summarization. What happens if the information is old?
The decision maker receives materially wrong information. - answer-Useful information
has the following characteristics: relevance, timeliness, accuracy, completeness, and
summarization. What happens if the information is inaccurate?
The organization needs to review its credit-granting policies. - answer-Which important
information does external feedback about the level of uncollected customer accounts
indicate to the management information system?
Raw material is moved into work-in process. - answer-What is a type of data source for
the accounting information system (AIS)?
It has unique information needs. - answer-Why would an organization decide to develop
its own custom information system?
Inaccurately recording sales and cash receipts transactions in journals and accounts. -
answer-An objective of internal controls is to mitigate the risk from errors and fraud.
What is the primary risk associated with revenue cycle transactions?
