ACC 564 Quiz 3 – Strayer New

ACC 564 Week 8 Quiz 3 Chapter 10 Through 13

Chapter 10   Information Systems Controls for Systems ReliabilityPart 3: Processing Integrity and Availability

 

1) The best example of a hash total for a payroll transaction file could be

A) total of employees' social security numbers.

B) sum of net pay.

C) total number of employees.

D) sum of hours worked.

 

 

2) Error logs and review are an example of

A) data entry controls.

B) data transmission controls.

C) output controls.

D) processing controls.........................

 

Chapter 11   Auditing Computer-Based Information Systems

 

1) Auditing involves the

A) collection, review, and documentation of audit evidence.

B) planning and verification of economic events.

C) collection of audit evidence and approval of economic events.

D) testing, documentation, and certification of audit evidence.

 

2) What is not a typical responsibility of an internal auditor?

A) helping management to improve organizational effectiveness

B) assisting in the design and implementation of an AIS

C) preparation of the company's financial statements

D) implementing and monitoring of internal controls ....................................................

 

Chapter 12   The Revenue Cycle: Sales to Cash Collections

 

1) In organizations with at least basic segregation of duties, the credit manager reports to the ________ and the treasurer reports to the ________.

A) controller; vice president of finance

B) treasurer; controller

C) marketing manager; vice president of finance

D) treasurer; vice president of finance

 

2) In the revenue cycle, before a shipping notice is prepared, the shipping department personnel should match the inventory received from the warehouse to details from

A) picking tickets.

B) sales order and bill of lading.

C) sales order.

D) picking ticket and sales order.......................................

 

Chapter 13   The Expenditure Cycle: Purchasing to Cash Disbursements

 

1) The Squishy Things Toy Company was established in 1948. It recently signed a large contract with a chain of retail toy stores. As a condition of the contract, the Squishy will be required to track and forecast product sales by linking in to the chain's sales database. Squishy will then be responsible for shipping products to the chain's regional warehouses as needed. The relationship between Squishy and the chain is an example of

A) vendor-managed inventory.

B) sales force automation.

C) electronic data interchange.

D) optical character recognition.

 

 

2) Requiring all packing slips be reconciled to purchase orders before accepting a delivery of inventory would be most likely to prevent which of the following situations?

A) A supplier delivers more inventory than ordered at the end of the year and sends an invoice for the total quantity delivered.

B) An employee mails a fake invoice to the company, which is then paid.

C) The inventory records are incorrectly updated when a receiving department employee enters the wrong product number on the receiving report.

D) Receiving department employees steal inventory and then claim the inventory was received and delivered to the warehouse.

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  • Item #: ACC564Q3

ACC 564 Quiz 3 – Strayer New

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