WGU D217 Accounting Information LATEST 2026 ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% VERIFIED ANSWERS)
|ALREADY GRADED A+
Which of the following is a problem usually associated with the flat-file
approach to data management? ......ANSWER......data redundancy
Which problem is characteristically associated with the flat-file
approach to data management? ......ANSWER......the inability to
determine what data is available
A description of the physical arrangement of records in the database is
......ANSWER......the internal view.
Which of the following may provide many distinct views of the
database? ......ANSWER......the user view
The update anomaly in unnormalized tables ......ANSWER......occurs
because of data redundancy.
The deletion anomaly in unnormalized tables ......ANSWER......may
result in the loss of important data.
pg. 1
,Which document triggers the revenue cycle? ......ANSWER......the
customer purchase order
Which department is least likely to be involved in the revenue cycle?
......ANSWER......The accounts payable department is least likely to be
involved in the revenue cycle. Accounts payable is charged with
managing the segment of the expenditure cycle that involves payments
to vendors and creditors.
The purpose of the sales invoice is to ......ANSWER......The purpose of
the sales invoice is to bill the customer. The sales invoice will be sent to
the customer for payment. At the same time the invoice will also
update inventory, send a journal to the general ledger, and record the
sales journal.
Which type of control is considered a compensating control for
customer payments? ......ANSWER......Supervision is a compensating
control for customer payments. Compensating controls are put in place
when more effective controls are deemed too difficult or costly to
implement. Supervision is the simplest and most common form of
compensating control.
Commercial accounting systems have fully integrated modules. The
word "integrated" means that ......ANSWER......The word "integrated"
means that the transfer of information among modules occurs
automatically. In a fully integrated system, the shipping advice will
pg. 2
,generate the request for invoice automatically. This eliminates the risk
that the invoice request is not processed or is processed for a different
amount.
A copy of the purchase order (PO) is sent to the ......ANSWER......A copy
of the purchase order (PO) is sent to the vendor. The purchase order is
the formal document that tells the vendor what material is needed, at
what price, in what quantity and on what date.
The departments involved in the purchasing process are purchasing,
receiving, inventory control and ......ANSWER......The departments
involved in the purchasing process are purchasing, receiving, inventory
control and accounts payable. Accounts payable completes the
purchasing process by authorizing and executing the cash disbursement
based on a signal from receiving or inventory control.
When a cash disbursement in payment of an accounts payable is
recorded ......ANSWER......When a cash disbursement in payment of an
accounts payable is recorded the liability account is decreased. On the
Balance Sheet, accounts payable is a current liability. When a cash
disbursement is recorded, the liability will be reduced.
The greatest risk of misappropriation of funds occurs in
......ANSWER......The greatest risk of misappropriation of funds occurs in
accounts payable. This may take the form of payments for goods not
ordered or received and to vendors that do not exist. The risk can be
pg. 3
, reduced through supervision, segregation of duties, independent
verification, or automated processes.
In a firm with proper segregation of duties, adequate supervision as a
compensating control is still necessary in ......ANSWER......In a firm with
proper segregation of duties, adequate supervision is most critical in
receiving. Every day materials arrive on the receiving dock. Until those
receipts are recorded in the system, they are invisible to anyone but the
receivers and their supervisors. Supervision is a compensating control
appropriate before more automated controls take effect. Scanning
technology and automated three-way match are technological controls
that reduce risk.
The fixed asset system records the ......ANSWER......The fixed asset
system records the purchase of a new plant. The fixed asset system
records property, plant, and equipment used in the operation of the
business. These represent the largest investments of the firm.
In a technology enabled payroll system, Personnel, Time Keeping,
Payroll, and Accounts Payable connect to which department to pay
employees? ......ANSWER......In a technology-enabled payroll system,
Personnel, Time Keeping, Payroll and Accounts Payable connect to cash
disbursements to pay employees. Personnel inputs the basic employee
information and rate of pay; Time Keeping collects hours worked and
verifies time cards; Payroll inputs the hours worked into the payroll
system which calculates gross and net pay, taxes, and other deductions;
Accounts Payable approves the payment amount; and finally cash
pg. 4
EXAM WITH COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% VERIFIED ANSWERS)
|ALREADY GRADED A+
Which of the following is a problem usually associated with the flat-file
approach to data management? ......ANSWER......data redundancy
Which problem is characteristically associated with the flat-file
approach to data management? ......ANSWER......the inability to
determine what data is available
A description of the physical arrangement of records in the database is
......ANSWER......the internal view.
Which of the following may provide many distinct views of the
database? ......ANSWER......the user view
The update anomaly in unnormalized tables ......ANSWER......occurs
because of data redundancy.
The deletion anomaly in unnormalized tables ......ANSWER......may
result in the loss of important data.
pg. 1
,Which document triggers the revenue cycle? ......ANSWER......the
customer purchase order
Which department is least likely to be involved in the revenue cycle?
......ANSWER......The accounts payable department is least likely to be
involved in the revenue cycle. Accounts payable is charged with
managing the segment of the expenditure cycle that involves payments
to vendors and creditors.
The purpose of the sales invoice is to ......ANSWER......The purpose of
the sales invoice is to bill the customer. The sales invoice will be sent to
the customer for payment. At the same time the invoice will also
update inventory, send a journal to the general ledger, and record the
sales journal.
Which type of control is considered a compensating control for
customer payments? ......ANSWER......Supervision is a compensating
control for customer payments. Compensating controls are put in place
when more effective controls are deemed too difficult or costly to
implement. Supervision is the simplest and most common form of
compensating control.
Commercial accounting systems have fully integrated modules. The
word "integrated" means that ......ANSWER......The word "integrated"
means that the transfer of information among modules occurs
automatically. In a fully integrated system, the shipping advice will
pg. 2
,generate the request for invoice automatically. This eliminates the risk
that the invoice request is not processed or is processed for a different
amount.
A copy of the purchase order (PO) is sent to the ......ANSWER......A copy
of the purchase order (PO) is sent to the vendor. The purchase order is
the formal document that tells the vendor what material is needed, at
what price, in what quantity and on what date.
The departments involved in the purchasing process are purchasing,
receiving, inventory control and ......ANSWER......The departments
involved in the purchasing process are purchasing, receiving, inventory
control and accounts payable. Accounts payable completes the
purchasing process by authorizing and executing the cash disbursement
based on a signal from receiving or inventory control.
When a cash disbursement in payment of an accounts payable is
recorded ......ANSWER......When a cash disbursement in payment of an
accounts payable is recorded the liability account is decreased. On the
Balance Sheet, accounts payable is a current liability. When a cash
disbursement is recorded, the liability will be reduced.
The greatest risk of misappropriation of funds occurs in
......ANSWER......The greatest risk of misappropriation of funds occurs in
accounts payable. This may take the form of payments for goods not
ordered or received and to vendors that do not exist. The risk can be
pg. 3
, reduced through supervision, segregation of duties, independent
verification, or automated processes.
In a firm with proper segregation of duties, adequate supervision as a
compensating control is still necessary in ......ANSWER......In a firm with
proper segregation of duties, adequate supervision is most critical in
receiving. Every day materials arrive on the receiving dock. Until those
receipts are recorded in the system, they are invisible to anyone but the
receivers and their supervisors. Supervision is a compensating control
appropriate before more automated controls take effect. Scanning
technology and automated three-way match are technological controls
that reduce risk.
The fixed asset system records the ......ANSWER......The fixed asset
system records the purchase of a new plant. The fixed asset system
records property, plant, and equipment used in the operation of the
business. These represent the largest investments of the firm.
In a technology enabled payroll system, Personnel, Time Keeping,
Payroll, and Accounts Payable connect to which department to pay
employees? ......ANSWER......In a technology-enabled payroll system,
Personnel, Time Keeping, Payroll and Accounts Payable connect to cash
disbursements to pay employees. Personnel inputs the basic employee
information and rate of pay; Time Keeping collects hours worked and
verifies time cards; Payroll inputs the hours worked into the payroll
system which calculates gross and net pay, taxes, and other deductions;
Accounts Payable approves the payment amount; and finally cash
pg. 4
