1 | Page
WGU D217 ACCOUNTING INFORMATION
SYSTEMS OBJECTIVE ASSESSMENT
QUESTIONS WITH 100% CORRECT
SOLUTIONS | GUARANTEED SUCCESS.
Which of the following is a problem usually associated with the
flat-file approach to data management? - correct answer- data
redundancy
Which problem is characteristically associated with the flat-file
approach to data management? - correct answer- the inability
to determine what data is available
A description of the physical arrangement of records in the
database is - correct answer- the internal view.
Which of the following may provide many distinct views of the
database? - correct answer- the user view
The update anomaly in unnormalized tables - correct answer-
occurs because of data redundancy.
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The deletion anomaly in unnormalized tables - correct answer-
may result in the loss of important data.
Which document triggers the revenue cycle? - correct answer-
the customer purchase order
Which department is least likely to be involved in the revenue
cycle? - correct 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 - correct 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? - correct answer- Supervision is a
compensating control for customer payments. Compensating
controls are put in place when more effective controls are
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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 - correct answer- The word
"integrated" means that the transfer of information among
modules occurs automatically. In a fully integrated system, the
shipping advice will 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 - correct
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 - correct 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.
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When a cash disbursement in payment of an accounts payable
is recorded - correct 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 -
correct 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 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 -
correct 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 - correct answer- The fixed
asset system records the purchase of a new plant. The fixed
WGU D217 ACCOUNTING INFORMATION
SYSTEMS OBJECTIVE ASSESSMENT
QUESTIONS WITH 100% CORRECT
SOLUTIONS | GUARANTEED SUCCESS.
Which of the following is a problem usually associated with the
flat-file approach to data management? - correct answer- data
redundancy
Which problem is characteristically associated with the flat-file
approach to data management? - correct answer- the inability
to determine what data is available
A description of the physical arrangement of records in the
database is - correct answer- the internal view.
Which of the following may provide many distinct views of the
database? - correct answer- the user view
The update anomaly in unnormalized tables - correct answer-
occurs because of data redundancy.
,2 | Page
The deletion anomaly in unnormalized tables - correct answer-
may result in the loss of important data.
Which document triggers the revenue cycle? - correct answer-
the customer purchase order
Which department is least likely to be involved in the revenue
cycle? - correct 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 - correct 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? - correct answer- Supervision is a
compensating control for customer payments. Compensating
controls are put in place when more effective controls are
,3 | Page
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 - correct answer- The word
"integrated" means that the transfer of information among
modules occurs automatically. In a fully integrated system, the
shipping advice will 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 - correct
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 - correct 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.
, 4 | Page
When a cash disbursement in payment of an accounts payable
is recorded - correct 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 -
correct 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 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 -
correct 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 - correct answer- The fixed
asset system records the purchase of a new plant. The fixed
