Chapter 2 Flashcards
Which of the following commonly initiates the data input process?
A) a business activity
B) automatic batch processing
C) an accounting department source document
D) a trial balance query
a business activity
A typical source document could be
A) some type of paper document.
B) a computer data entry screen.
C) the company’s financial statements.
D) both A and B
D) both A and B
Which of the following is not considered a source document?
A) A copy of the company’s financial statements.
B) A copy of the company’s shipping document.
C) A copy of the company’s sales journal.
D) A copy of the company’s ledger.
A copy of the company’s financial statements
John Pablo works in the accounting department of a multinational manufacturing company. His job includes updating accounts receivable based on sales orders and remittance advices. His responsibilities are part of the company’s
revenue cycle
A delivery of inventory from a vendor, with whom a credit line is already established, would be initially recorded in which type of accounting record and as part of what transaction cycle?
purchases journal; expenditure cycle
Identify the four parts of the transaction processing cycle.
data input, data storage, data processing, information output
What is the final step in the data processing cycle?
output
The collection of employee time sheets is part of which transaction cycle?
the human resources cycle
Which of the following is an example of source data automation?
A) a utility bill
B) POS (point-of-sale) scanners in retail stores
C) a bill of lading
D) a subsidiary ledger
POS (point-of-sale) scanners in retail stores
The data processing method used by FedEx to track packages is an example of
real-time processing
Which of the following is an example of an ERP system?
A) Alexis uses a computerized information system to keep track of all the financial data generated by her bakery. She is considering opening a new bakery on the east side of town.
B) Betty has a system that keeps track of the accounts payable and receivable for her plumbing business. At the end of the year, the system helps her to prepare her taxes in just two hours.
C) Charlie keeps records of all his business records in a shoe box. Each week he enters all of the data into spreadsheets that automatically generate purchase orders, based on predetermined inventory reorder points. Production quotas for the coming week are also automatically generated based on customer orders.
D) Doug is a freelance photographer. He keeps records of all expenses and revenues on his cell phone and then e-mails them to himself every month. The files are stored on his personal computer and backed up to CD quarterly.
Charlie keeps records of all his business records in a shoe box. Each week he enters all of the data into spreadsheets that automatically generate purchase orders, based on predetermined inventory reorder points. Production quotas for the coming week are also automatically generated based on customer orders
Implementation of an ERP system requires increased focus on all except which of the following controls?
A) segregation of duties between custody, authorization, and recording
B) data entry controls on validity and accuracy
C) controls over access to data
D) appropriate disposal of hard copy reports
appropriate disposal of hard copy reports
Antia Carmie is the largest collector and retailer of Japanese fans in the St. Louis area. Antia uses computer technology to provide superior customer service. The store’s database system was designed to make detailed information about each Japanese fan easily accessible to her customers. Accordingly, the fan price and condition are provided for each fan, along with many pictures of each fan. In Antia’s database, the Japanese fans (as a whole) represent a(n)
entity
Catarina Boards is a skateboard retailer located in Pueblo, New Mexico. Catarina Boards is a sole proprietorship that stocks an inventory of between 30 and 50 different skateboards. Inventory is updated in real time by the AIS. If Catarina wishes to keep a cumulative information about its company’, it might use a
master file.
Product code WSH500D08 is an example of
mnemonic codes
