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ACCT 5410 > 12/2 Class Final Test Questions > Flashcards

12/2 Class Final Test Questions Flashcards

1
Q

assessment

A

do your best be professional
this helps eldredge
available on saturday

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2
Q
  1. synyster gates is the CFO synyster uses several consolidation spreadsheets , which one isn’t a good control
A

answer: reviewing sign of by multiple accoutants

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3
Q

5 what is on a purchase order

A

stuff

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4
Q

direction starting from the source

A

completeness

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5
Q

good are received at the end of the period but not billed

A

cut off issue

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6
Q
  1. accounting record includes details of amounts owed to each vendor
A

a/p subsidiary ledger

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7
Q
  1. internal control activities within the purchasing process, identified as adequate records and documents
A

files are to be maintained for purchase requisitions, PO, receiving report, and invoices

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8
Q
  1. department responsible for reviewing each department and getting employees
A

HR

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9
Q
  1. personnel records don’t include
A

medical history before hiring

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10
Q

12, record prepared by payroll lists salary wage

A

payroll register

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11
Q
  1. internal control activities requiring the manager to approve the payroll registry is to prevent what
A

fictitious employee

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12
Q

14, internal control activities in payroll segregation of duties includes…

A

payroll preparation, auth of new hires and pay rates, etc

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13
Q
  1. conversion processes includes all except
A

office supplies

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14
Q
  1. form that specifies the components of a product
A

bill of materials

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15
Q
  1. Process that plans the timing for production
A

scheduling

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16
Q
  1. form that auth production activities
A

production work orders

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17
Q
  1. Which document provides info regarding info throughout the stage
A

routing slip

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18
Q
  1. expected costs per unit based on projections of a product’s cost which include dm and other stuff
A

standard costs

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19
Q
  1. variances in inventory
A

actual costs - standard costs applied

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20
Q
  1. EOQ equation model problem optimum order size
A

2683

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21
Q
  1. key control in closing process
A

checklist delegating the closing processes

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22
Q
  1. key control for JE in closing process
A

segregation of duties, review and posting

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23
Q
  1. names of the three document match in A/P
A

receiving report, approved PO, and vendor invoice

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24
Q
  1. the receiving department is not responsible to
A

order goods from vendors

25
Q
  1. chester calculates translation which is not a strong control
A

recalculation and tracing of the rates used to a valid source by chester

26
Q
  1. authentication that uses user physical characteristics
A

biometric

27
Q
  1. hardware/ software blocks access
A

firewall

28
Q
  1. encrypting
A

encryption

29
Q

31, type of encryption private and public

A

public key encryption what is it

30
Q
  1. auth employees connect outside from a
A

VPN virtual private network

31
Q
  1. what browser have to securely communicate
A

secure socket layer

32
Q
  1. method to identify exposures
A

vulnerability assessment

33
Q
  1. which position isn’t one of the duties needed to be segregated from the others
A

none of the above

34
Q
  1. steps to implement system
A

system development life cycle

35
Q
  1. battery system to maintain power for a short period of time
A

uninterruptible power supply

36
Q
  1. which is not a physical access control
A

encryption of passwords

37
Q
  1. concerns regarding accuracy and completeness
A

integrity risk

38
Q
  1. internal controls over the input processing and output
A

application controls

39
Q
  1. which of the following is not one of the automated input controls
A

certification check

40
Q
  1. automatically checks a field to ensure the data entry exists according to a list of inputs is not a
A

certification check

41
Q
  1. control for acceptable entries
A

validity check

42
Q

44.

A

self checking digit

43
Q
  1. useless total
A

hash total

44
Q

46.control to determine proper specific user access in an electronic system

A

biometric devices

45
Q
  1. what is an example of what you have in the context of logical control over an IT system
A

token ID Card

46
Q
  1. study of the current system to determine the strengths and weaknesses
A

systems analysis

47
Q
  1. set of steps undertaken to program, test, and activate it
A

systems implmentation

48
Q
  1. which of the following is not typically a precondition for revenue recognition under GAAP
A

recorded in the GL

49
Q
  1. creation of the system that meets user needs
A

systems design

50
Q
  1. the regular ongoing functioning of an IT system
A

operation and maintenance

51
Q
  1. thedocu sent to a vendor to propos
A

request for proposal

52
Q
  1. system conversion type that…
A

big bang theory

53
Q
  1. system conversion in parts
A

phase in

54
Q
  1. tests security controls involve entering the system
A

penetration testing

55
Q
  1. aligning stuff
A

IT governance

56
Q
  1. company lost its infrastructure and repurchases everything and plugs in old data
A

cold site

57
Q
  1. disaster recovery vs business continuity
A

the speed in which the company wishes to recover from hardware failure

58
Q
  1. proper IT general computer control over programmers in the development environment
A

version control software to track changes, testing, and approvals

59
Q

essay question

A

periodic vs perpetual system discuss in detail the two methods and the effect on the GL and its methods of accounting and upon its effectiveness of internal controls

ACCT 5410 (22 decks)

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