CSUF ACCT 307 MIDTERM EXAM
QUESTIONS COMPLETE WITH 100%
VERIFIED ANSWERS
\.The "S" in the acronym "AIS" stands for:
a) Standard
b) System
c) Symbol
d) none of these - ANSWERS✔-b) system
\.Most AISs perform all of these functions except:
a) Collect raw accounting data
b) Store accounting data for future uses
c) Process data into useful information
d) AISs perform all of these functions - ANSWERS✔-d) AIS' perform all of these
function
\.Which of the following is true?
a) An AIS must be computerized to be useful
b) An AIS always produces useful information
c) An AIS always produces financial information
, d) none of these - ANSWERS✔-d) non of these
\.The designation for a licensed information systems audit professional is:
a) CPA
b) CMA
c) CIA
d) CISA - ANSWERS✔-d) CISA
\.Which of the following best describes "predictive analytics"?
a) It is a method auditors use to predict when managers might have a weak
internal control system
b) It is a technique that uses data stored in data warehouses to create systems
that allow managers to use their data to improve performance
c) It is a method used to prevent managers from overriding internal controls
d) none of the above - ANSWERS✔-b) is is a technique that uses data stored in
data warehouses to create systems that allow managers to us their data to
improve performance
\.Which of the following accounting functions has been automated by most
companies' information processing subsystems?
a) Posting to ledgers
b) Recording journal entries
c) Preparing trial balances
d) all of the above - ANSWERS✔-d) all of the above
QUESTIONS COMPLETE WITH 100%
VERIFIED ANSWERS
\.The "S" in the acronym "AIS" stands for:
a) Standard
b) System
c) Symbol
d) none of these - ANSWERS✔-b) system
\.Most AISs perform all of these functions except:
a) Collect raw accounting data
b) Store accounting data for future uses
c) Process data into useful information
d) AISs perform all of these functions - ANSWERS✔-d) AIS' perform all of these
function
\.Which of the following is true?
a) An AIS must be computerized to be useful
b) An AIS always produces useful information
c) An AIS always produces financial information
, d) none of these - ANSWERS✔-d) non of these
\.The designation for a licensed information systems audit professional is:
a) CPA
b) CMA
c) CIA
d) CISA - ANSWERS✔-d) CISA
\.Which of the following best describes "predictive analytics"?
a) It is a method auditors use to predict when managers might have a weak
internal control system
b) It is a technique that uses data stored in data warehouses to create systems
that allow managers to use their data to improve performance
c) It is a method used to prevent managers from overriding internal controls
d) none of the above - ANSWERS✔-b) is is a technique that uses data stored in
data warehouses to create systems that allow managers to us their data to
improve performance
\.Which of the following accounting functions has been automated by most
companies' information processing subsystems?
a) Posting to ledgers
b) Recording journal entries
c) Preparing trial balances
d) all of the above - ANSWERS✔-d) all of the above
