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Acc 195 P1Q1-1

The document consists of a series of multiple-choice questions related to accounting information systems (AIS), covering topics such as the definition of AIS, various accounting models, data management, internal controls, and the transition from manual to automated systems. It includes questions about the REA model, ERP systems, and the implications of different accounting practices. The format requires respondents to select the correct answer without any erasures.

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alle.delospobres.au
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11 views2 pages

Acc 195 P1Q1-1

The document consists of a series of multiple-choice questions related to accounting information systems (AIS), covering topics such as the definition of AIS, various accounting models, data management, internal controls, and the transition from manual to automated systems. It includes questions about the REA model, ERP systems, and the implications of different accounting practices. The format requires respondents to select the correct answer without any erasures.

Uploaded by

alle.delospobres.au
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ACC 100/195

P1Q1

Instruction: Shade the letter of the correct answer on the


provided answer sheet. Strictly no erasures are allowed!

1. What is an accounting information system (AIS)? d) A balanced allocation of organizational resources


a) A manual accounting system 10. Which accounting system allows real-time sharing of
b) A set of formal procedures for collecting, processing, transaction data across all departments?
and distributing data a) Legacy systems
c) A software for automating all accounting processes b) Flat-file model
d) A standalone system used by accountants c) ERP systems
2. Which of the following is NOT a financial transaction? d) Manual process model
a) Paying a supplier 11. A company uses a flat-file accounting system but
b) Hiring a new employee decides to upgrade to a database model. What key
c) Selling goods to customers considerations should accountants address in the
d) Purchasing raw materials transition?
3. The vertical flow of information within an organization is a) Define the new data structure and access levels
primarily used for: b) Ensure system updates are automatically scheduled
a) Customer feedback c) Verify user licenses for the new software
b) Planning and control by management d) Eliminate all prior data records
c) Operational-level tasks 12. Compare the REA model and ERP systems. What is a
d) External reporting critical advantage of each?
4. What does the REA in the REA model stand for? a) REA ensures compliance with double-entry
a) Resources, Equity, and Assets bookkeeping, while ERP minimizes costs.
b) Resources, Events, and Agents b) REA integrates both accounting and non-accounting
c) Receivables, Expenses, and Assets data, while ERP enables seamless interdepartmental
d) Revenues, Equity, and Allocation operations.
5. Which model is characterized by data stored in a central c) REA is focused on stakeholder reporting, while ERP
location accessible to all authorized users? prioritizes marketing efficiency.
a) Flat-file model d) Both systems offer identical features.
b) Manual process model 13. An AIS reports delayed transaction data to
c) Database model management. Which subsystem likely failed?
d) REA model a) IT auditing
6. Data redundancy is a common issue in which b) Operations-level tasks
information system model? c) Data processing and storage
a) ERP systems d) External user interaction
b) Flat-file systems 14. A manufacturing firm uses a centralized IT function for
c) Database systems AIS. What risk might arise compared to a distributed data
d) REA model processing approach?
7. What is the main objective of an AIS? a) Enhanced decision-making
a) To replace manual tasks with automated processes b) Increased data redundancy
b) To improve operational efficiency and decision-making c) System overload or downtime impacting all operations
c) To provide insights into customer satisfaction d) Misalignment with accounting standards
d) To develop software applications 15. If an ERP system implementation results in frequent
8. Internal auditing is primarily conducted to: downtime, how might accountants mitigate the business
a) Validate the fairness of financial statements for external impact?
stakeholders a) Transition entirely to manual processes
b) Detect fraud within the firm and improve operational b) Develop contingency plans for data entry and critical
efficiency operations
c) Assist stockholders in decision-making c) Simplify all accounting transactions to reduce system
d) Provide assurance to customers and suppliers load
9. The "goal congruence" in a system refers to: d) Delay the financial reporting cycle
a) When a subsystem's goals align with the organization’s 16. Why might an organization choose a manual process
overall objectives model over ERP systems?
b) A conflict arising from incompatible goals within the a) To align with outdated financial regulations
system b) For small-scale operations with limited transaction
c) The lack of redundancy in the system volume
ACC 100/195
P1Q1

c) To minimize the risk of fraud entirely c) Ensuring data accuracy during migration
d) To avoid training employees on IT systems d) All of the above
17. Which type of information system best suits an 26. When using the database model, what key control
organization with minimal interdepartmental coordination? measure ensures data relevance for users?
a) ERP systems a) Periodic data reviews by the database management
b) Flat-file systems team
c) Database systems b) Integrating all external stakeholder data
d) REA model c) Decentralizing user permissions
18. Design an internal control to address the risk of d) Limiting report generation features
unauthorized access in a database AIS. 27. An ERP system lacks proper integration with marketing
a) Implement biometric authentication for access operations. How can this affect the accounting function?
b) Restrict users from generating financial reports a) Reduced efficiency in financial reporting
c) Create shared passwords for team logins b) Delayed revenue recognition
d) Disable external reporting features c) Errors in interdepartmental resource allocation
19. Which problem could arise if an organization relies d) All of the above
solely on external auditing without IT audits? 28. How can accountants ensure accountability when
a) Non-compliance with taxation laws auditing a distributed data processing system?
b) Over-reliance on operational data a) Implementing consistent control mechanisms across all
c) Undetected vulnerabilities in system controls processing units
d) Misallocation of accounting staff b) Assigning centralized audit responsibilities to one team
20. A company’s database AIS has redundant records for c) Using flat-file systems for isolated audits
suppliers. What could be an appropriate solution? d) Limiting access to accounting personnel
a) Migrate to a flat-file system 29. A company chooses not to automate its AIS despite
b) Implement deduplication protocols within the DBMS having the resources. What valid reasoning could justify
c) Increase the storage capacity this decision?
d) Create manual backup records a) Maintaining simplicity for employees' manual skills
21. A company using the REA model wants to add b) Avoiding potential cybersecurity risks
non-accounting data to its AIS. What should be the c) Low transaction volume does not require automation
accountant's priority in maintaining system integrity? d) Both b and c
a) Segregate non-financial data in a separate subsystem 30. When designing an AIS, how can accountants prioritize
b) Ensure new data aligns with organizational goals and the needs of both internal and external users?
standards a) Develop separate systems for internal and external use
c) Convert the REA model to a manual process b) Focus solely on financial transaction processing
d) Limit data entry to financial transactions c) Integrate flexible reporting features based on user
22. An organization faces "goal conflict" within its AIS. How feedback
can accountants resolve this? d) Restrict the system’s functions to operational-level tasks
a) Adjust subsystems to prioritize organizational objectives
b) Segregate subsystems to work independently
c) Increase redundancy in transaction processing
d) Focus on external stakeholder needs
23.Why might a business integrate the flat-file model into
an ERP system instead of replacing it entirely?
a) To preserve historical transaction data
b) To avoid complex data migration processes
c) To enhance compatibility with legacy software
d) All of the above
24. A company observes inefficiencies in financial reporting
due to AIS. Which aspect should auditors evaluate first?
a) Security features
b) The alignment between data inputs and desired outputs
c) The roles of internal auditors
d) External audit results
25. In an AIS, what is the primary challenge when
transitioning from manual systems to ERP systems?
a) Adapting ERP to fit existing processes
b) Training employees to adopt new workflows

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