AIS Exam Review With 100% Correct
Answers
Activities of the Revenue Cycle - CORRECT ANSWER✔✔Sales order entry
shipping
billing
cash collections
Revenue Cycle - CORRECT ANSWER✔✔giving goods or services, in return gets cash
Primary Objective of the Revenue Cycle - CORRECT ANSWER✔✔to provide the right product in
the right place at the right time for the right price
4 Activities of the Revenue Cycle - CORRECT ANSWER✔✔Sales Order Entry
Shipping
Billing
Cash Collections
5 Business Cycles - CORRECT ANSWER✔✔Revenue
H/R
Production
Expenditure
Financing
, 4 GENERAL Threats of the Revenue Cycle - CORRECT ANSWER✔✔Inaccurate or invalid master
data
Unauthorized disclosure of sensitive information
Loss or destruction of master data
Poor performance
Revenue Cycle - CORRECT ANSWER✔✔is a recurring set of business activities and related
information processing operations associated with providing goods and services to customers
and collecting cash in payment for those sales.
Control(s) of Inaccurate master data - CORRECT ANSWER✔✔Data processing integrity controls
Restriction of access to master data
Review of all changes to master data
Control(s) of Unauthorized disclosure of sensitive information - CORRECT ANSWER✔✔Access
controls
Encryption
Control(s) of Poor Performance - CORRECT ANSWER✔✔Managerial reports
Control(s) of Loss or destruction of data - CORRECT ANSWER✔✔Backup and disaster recovery
procedures
Sales Order Entry Basic Activities - CORRECT ANSWER✔✔Take Orders
Check and approve credit
Check inventory availability
Documents used for Sales Order Entry - CORRECT ANSWER✔✔Sales order
Answers
Activities of the Revenue Cycle - CORRECT ANSWER✔✔Sales order entry
shipping
billing
cash collections
Revenue Cycle - CORRECT ANSWER✔✔giving goods or services, in return gets cash
Primary Objective of the Revenue Cycle - CORRECT ANSWER✔✔to provide the right product in
the right place at the right time for the right price
4 Activities of the Revenue Cycle - CORRECT ANSWER✔✔Sales Order Entry
Shipping
Billing
Cash Collections
5 Business Cycles - CORRECT ANSWER✔✔Revenue
H/R
Production
Expenditure
Financing
, 4 GENERAL Threats of the Revenue Cycle - CORRECT ANSWER✔✔Inaccurate or invalid master
data
Unauthorized disclosure of sensitive information
Loss or destruction of master data
Poor performance
Revenue Cycle - CORRECT ANSWER✔✔is a recurring set of business activities and related
information processing operations associated with providing goods and services to customers
and collecting cash in payment for those sales.
Control(s) of Inaccurate master data - CORRECT ANSWER✔✔Data processing integrity controls
Restriction of access to master data
Review of all changes to master data
Control(s) of Unauthorized disclosure of sensitive information - CORRECT ANSWER✔✔Access
controls
Encryption
Control(s) of Poor Performance - CORRECT ANSWER✔✔Managerial reports
Control(s) of Loss or destruction of data - CORRECT ANSWER✔✔Backup and disaster recovery
procedures
Sales Order Entry Basic Activities - CORRECT ANSWER✔✔Take Orders
Check and approve credit
Check inventory availability
Documents used for Sales Order Entry - CORRECT ANSWER✔✔Sales order
