WGU D217
Accounting Information Systems Questions And Correct Answers
1. The primary input to the transaction processing system is: a
financialtransaction
2. The major difference between the financial reporting system (FRS)
and the management reporting system (MRS) is the: FRS provides
information toexternal users; the MRS provides information to internal users.
3. The author distinguishes between the accounting information
system andthe management information system based on: whether the
transactions are financial or nonfinancial that directly affect the processing of
financial transactions
4. An example of a financial transactions is: the purchase of computer
5. An example of a nonfinancial transaction is: log of customer calls
6. The transaction processing system includes which of the
following: theconversion cycle
7. The goal of data processing is: the production of useful information
,8. Which of the following is an external end user?: tax authorities
9. An appraisal function housed within the organization that performs
a widerange of services for management is: internal auditing
10. What factor conceptually distinguishes external auditing and
internalauditing?: constituents
11. What system is part of the expenditure cycle?: cash disbursements
12. Both the revenue and the expenditure cycle can be viewed as
having twoparts. These key parts are: physical and financial
13. System flowcharts do which one of the following?: represent
relationshipsbetween key elements of both manual and computer systems
14. Which symbol is used to represent a data source or destination of
docu-ments and reports in a system flowchart?: oval
15. Which accounting application is least suited to batch processing?:
SalesOrder Processing
16. In contrast to a real-time system, in a batch processing system:
there is alag between the time when the economic event occurs, and the financial
recordsare updated.
17. In contrast to a batch processing system, in a real-time system:
,process-ing takes place when the economic event occurs.
, 18. The coding scheme most appropriate for a chart of accounts is:
blockcode
19. When a firm wants its coding system to convey meaning without
refer-ence to any other document, it would choose: a mnemonic code
20. The most important advantage of sequential coding is that:
missing orunrecorded documents can be identified.
21. Li has implemented a new accounting information system (AIS)
to helphim 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?: Management Reporting
System (MRS)
22. Which information does the management reporting system
(MRS) pro-vide?: Variance reports
23. Useful information has the following characteristics: relevance,
time- liness, accuracy, completeness, and summarization. What
happens if the information is old?: The decision maker wastes resources
analyzing outdatedinformation.
Accounting Information Systems Questions And Correct Answers
1. The primary input to the transaction processing system is: a
financialtransaction
2. The major difference between the financial reporting system (FRS)
and the management reporting system (MRS) is the: FRS provides
information toexternal users; the MRS provides information to internal users.
3. The author distinguishes between the accounting information
system andthe management information system based on: whether the
transactions are financial or nonfinancial that directly affect the processing of
financial transactions
4. An example of a financial transactions is: the purchase of computer
5. An example of a nonfinancial transaction is: log of customer calls
6. The transaction processing system includes which of the
following: theconversion cycle
7. The goal of data processing is: the production of useful information
,8. Which of the following is an external end user?: tax authorities
9. An appraisal function housed within the organization that performs
a widerange of services for management is: internal auditing
10. What factor conceptually distinguishes external auditing and
internalauditing?: constituents
11. What system is part of the expenditure cycle?: cash disbursements
12. Both the revenue and the expenditure cycle can be viewed as
having twoparts. These key parts are: physical and financial
13. System flowcharts do which one of the following?: represent
relationshipsbetween key elements of both manual and computer systems
14. Which symbol is used to represent a data source or destination of
docu-ments and reports in a system flowchart?: oval
15. Which accounting application is least suited to batch processing?:
SalesOrder Processing
16. In contrast to a real-time system, in a batch processing system:
there is alag between the time when the economic event occurs, and the financial
recordsare updated.
17. In contrast to a batch processing system, in a real-time system:
,process-ing takes place when the economic event occurs.
, 18. The coding scheme most appropriate for a chart of accounts is:
blockcode
19. When a firm wants its coding system to convey meaning without
refer-ence to any other document, it would choose: a mnemonic code
20. The most important advantage of sequential coding is that:
missing orunrecorded documents can be identified.
21. Li has implemented a new accounting information system (AIS)
to helphim 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?: Management Reporting
System (MRS)
22. Which information does the management reporting system
(MRS) pro-vide?: Variance reports
23. Useful information has the following characteristics: relevance,
time- liness, accuracy, completeness, and summarization. What
happens if the information is old?: The decision maker wastes resources
analyzing outdatedinformation.
