Test 2 Chap 8-11

Question 1

The group of AIS that focuses on general purpose financial statements

Answer 1

View driven

Question 2

The AIS group that focuses on business processes

Answer 2

Event driven

Question 3

Which group of AIS is more complex?

Answer 3

Event driven systems

Question 4

What does REA modeling stand for?

Answer 4

Resources
Events
Agents

Question 5

The three types of events in REA modeling are:

Answer 5

Operating events
Information events
Decision/MGT events

Question 6

Operating events include:

Answer 6

Buying supplies, issuing capital stock, paying employees etc.

Question 7

Information events include:

Answer 7

Searching a database, posting transactions to a ledger, preparing financial stmts

Question 8

Decision/MGT events include:

Answer 8

Deciding which software to buy and other complex decisions

Question 9

What demonstrates the relationship between elements in a REA model?

Answer 9

Cardinalities

Question 10

What does a junction table contain and when does it occur?

Answer 10

A junction table contains the primary keys from two other tables.
It occurs when the maximum cardinalities are many and many

Question 11

What is the purpose of an REA model?

Answer 11

To represent strategically significant operating events

Question 12

What does XBRL stand for?

Answer 12

Extensible business reporting language

Question 13

What is the purpose of XBRL?

Answer 13

To facilitate information exchange

Question 14

What is a Namespace in the context of XBRL?

Answer 14

A type of dictionary

Question 15

What two major ways does XBRL benefit organizations?

Answer 15

Allows for more efficient data collection and reporting

Facilitates data consumption and analysis

Question 16

What internal control risks are associated with XBRL

Answer 16

Compromised data 
Tagging errors 
Software failure 
Missing authorizations 
Inappropriate taxonomy

Question 17

What does ERPS stand for?

Answer 17

Enterprise resource planning systems

Question 18

What are the 4 generic module names in an ERPS

Answer 18

Customer relationship Mgt
Human resource mgt
Supply chain mgt
Financial mgt

Question 19

What are some of the causes for ERP implementation failure?

Answer 19

Poor leadership
Unrealistic expectations 
Poor project mgt 
Poor training and education
Inaccurate data 
Viewing it as an IT project

Question 20

What is an ASP?

Answer 20

Application service provider – an organization that can host and manage applications remotely for customers

Question 21

What are the 5 sub categories of ASPs?

Answer 21

Enterprise 
Local/regional 
Specialist 
Vertical 
Volume

Question 22

Carter’s four part taxonomy for computer crime includes:

Answer 22

Target
Instrumentality
Incidental
Associated

Question 23

What are the three basic principals of information security?

Answer 23

Confidentiality
Data integrity
Availability

Question 24

What are the 5 principles of the COBIT framework?

Answer 24

Meeting stakeholder needs 
Covering the enterprise end to end
Applying a single integrated framework 
Enabling a holistic approach 
Separating governance from mgt

Question 25

What are the COBIT enablers?

Answer 25

Principles policies and framework 
Processes
Organizational structures 
Culture ethics and behavior 
Information
Services infrastructure and applications 
People skills and competencies