ACC 340 Final Exam Guide
To purchase this material click below link:- http://www.assignmentrank.com/acc-340/acc-340-final-exam-guide For More Tutorials Click Below link:- http://www.assignmentrank.com 1. The essential steps in performing a systems study are (in order of occurrence): a) Analysis, design, implementation and initial operation, follow up b) Design, planning, follow up, analysis, and implementation c) Planning, system specification, analysis, production, implementation d) Planning, analysis, design, implementation, and follow up
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1. The essential steps in performing a systems study are (in order of occurrence):
a) Analysis, design, implementation and initial operation, follow up
b) Design, planning, follow up, analysis, and implementation
c) Planning, system specification, analysis, production, implementation
d) Planning, analysis, design, implementation, and follow up
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<strong>ACC</strong> <strong>340</strong> <strong>Final</strong> <strong>Exam</strong> <strong>Guide</strong><br />
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1. The essential steps in performing a systems study are (in order of occurrence):<br />
a) Analysis, design, implementation and initial operation, follow up<br />
b) Design, planning, follow up, analysis, and implementation<br />
c) Planning, system specification, analysis, production, implementation<br />
d) Planning, analysis, design, implementation, and follow up<br />
2. Which of the following is intended to solve the problem that financial data used in one<br />
application is not easily transferable to other applications?<br />
a) XMP<br />
b) ERP<br />
c) XBRL<br />
d) XMLP<br />
3. Information systems auditors are:<br />
a) Auditors who are concerned with analyzing risks associated with computerized<br />
information systems
) Individuals who often work closely with financial auditors<br />
c) Auditors who have a lot of technical expertise related to information technology<br />
d) all of the above<br />
4. Which of the following is not an ability of client/server computing?<br />
a) Alter data stored elsewhere on the network<br />
b) Process a transaction that may affect data stored on both client and server computers<br />
c) Query or manipulate the warehoused data on the server<br />
d) Increased networking capabilities between different file formats on multiple systems<br />
5. Software that enables businesses and government agencies to transmit and manipulate<br />
financial data on an organization-wide basis best describes:<br />
a. Communication software<br />
b. CAD software<br />
c. Enterprise resource planning (ERP) software<br />
d. Programming software<br />
6. All of the following are programming languages except:<br />
a. Java<br />
b. HTML<br />
c. C++<br />
d. COBOL<br />
e. ERP<br />
7. Data flow diagrams:<br />
a) Accomplish the same purpose as system flowcharts
) Are different from system flowcharts since they focus on a logical view of the<br />
information system<br />
c) Are useless for planning a new system<br />
d) Are never used in analyzing an existing system<br />
8. All of the following are controls for end-user computing except:<br />
a) Formally evaluate large projects<br />
b) Formalize documentation standards<br />
c) Limit the number of employees authorized to create end-user applications<br />
d) all of the above are important controls<br />
9. The textbook identified seven reasons why documentation of an AIS is important. For<br />
which of the following reasons would the user guides, procedure manuals and operating<br />
instructions be most important?<br />
a) Depicting how the system works<br />
b) Training users<br />
c) Designing new systems<br />
d) Standardizing communications with others<br />
10. Business organizations are recognizing the value of sales data and are purchasing<br />
software solutions to gather, maintain, and use these data to provide better service and<br />
promote customer loyalty. These software solutions are called:<br />
a) Customer relations data solutions<br />
b) Customer relationship management solutions<br />
c) Sales data management solutions<br />
d) none of the above<br />
11. Which of the following statements best describes business process outsourcing?
a) A company focuses on its core business processes and contracts with another firm to<br />
do the other processes<br />
b) Companies frequently outsource core business processes<br />
c) Due to networked enterprises and advanced technology, more employees may work<br />
from their homes or alternate locations<br />
d) Initially, companies engaged in business process outsourcing to offer employees more<br />
opportunities to travel and more career choices for advancement<br />
12. Networked enterprises and globalization have enabled a new business model called<br />
“business-without-boundaries.” Which of the following statements describes this business<br />
model?<br />
a) Companies no longer have all of their employees in one location<br />
b) It is called offshoring and companies contract with firms in other countries to do such<br />
business processes as human resources, payroll, and accounting<br />
c) Companies are under a great deal of scrutiny to manage costs and generate revenue so<br />
they contract with foreign firms to do various business processes at a lower cost to the<br />
company<br />
d) all of the above statements describe this model<br />
13. Which of the following is not a concern of the financing process?<br />
a) Effective cash management<br />
b) Optimizing an organization’s cost of capital<br />
c) Minimizing an organization’s borrowings<br />
d) Projecting cash flows<br />
14. Business process reengineering efforts sometimes fail because:<br />
a. Management gets too involved in the process<br />
b. Management is too optimistic regarding its expectations from its implementation<br />
c. Management support can never overcome employee resistance<br />
d. Employees will never accept change
15. Which of the following technologies are now used in conjunction with automated<br />
production process systems to increase efficiencies?<br />
a) Radio frequency technology<br />
b) Bar code scanners<br />
c) RF IDs and advanced electronic tags<br />
d) all of the above<br />
e) none of the above<br />
16. According to the textbook, which of these statements is most accurate?<br />
a) Most computer abuse is performed as retaliation against employers<br />
b) Very little computer crime is committed for personal gain<br />
c) Some computer abuse is performed simply to meet a challenge<br />
d) We catch most computer abusers with good accounting controls<br />
17.Which of the following is probably the primary reason accountants should be concerned<br />
about computer crime and abuse?<br />
a) They might lose their job if they don’t detect computer crime or abuse in their<br />
organization<br />
b) They might lose their professional credibility and license if computer crime or abuse<br />
continues for a long time in their organization and they do not detect it<br />
c) They are responsible for designing, implementing, and monitoring the control<br />
procedures for AISs<br />
d) none of the above<br />
18.One of the major crimes identified by the Computer Fraud and Abuse Act of 1986 is intent to<br />
illegally obtain information or tangible property through the use of computers. Which of the<br />
following methods might accomplish this type of crime if the perpetrator can change data<br />
before, during, or after they are entered into a computer system?<br />
a) Salami technique
) Data diddling<br />
c) Shoulder surfing<br />
d) Trojan horse program<br />
19.Regarding a company's audit trail, which of the following statements is true?<br />
a) Because of the complexities involved in establishing an audit trail, a good audit trail<br />
normally makes it more difficult for an individual to follow the flow of a company's business<br />
transactions through the company's information system<br />
b) In actuality, the audit trail established within a company's information system is an<br />
unimportant element of the company's internal control system<br />
c) When a company's audit trail becomes more difficult to follow, this causes an increase<br />
in the risk of errors or irregularities taking place in the processing of accounting transactions<br />
and not being detected<br />
d) A company's policies and procedures manual should not be part of its audit trail since<br />
confidential information is included within this manual<br />
20.Which of the following statements is true regarding timely performance reports?<br />
a. In many companies, these reports are the major means of providing information to<br />
management concerning the actual operations of the companies’ internal control systems<br />
b. These reports should only include monetary data<br />
c. Since these reports fail to provide feedback to management on the operations of<br />
previously implemented internal control procedures, other techniques are needed to provide<br />
this feedback to managers<br />
d. The complexity that a computer introduces into a company's information system will<br />
typically prevent the preparation of timely performance reports for the company's management<br />
21. _________________ describes the policies, plans, and procedures implemented by a<br />
firm to protect its assets.<br />
a) Internal control<br />
b) SAS No. 94<br />
c) SOX, Section 404
d) Enterprise risk management<br />
22. General controls within IT environments that affect personnel include:<br />
a) Use of computer accounts<br />
b) Separation of duties<br />
c) Informal knowledge of employees<br />
d) all of the above affect personnel<br />
23. Which of the following best describes a fundamental control weakness often associated<br />
with automated data processing systems?<br />
a. Automated¬ data processing equipment is more subject to systems error than manual<br />
processing is subject to human error<br />
b. Automated data processing equipment processes and records similar transactions in a<br />
similar manner<br />
c. Automated data processing procedures for detection of invalid and unusual<br />
transactions are less effective than manual control procedures<br />
d. Functions that would normally be separated in a manual system are combined in an<br />
automated data processing system<br />
24. The textbook identifies a number of issues that should be considered when developing a<br />
security policy. One of the issues is “identify threats”. Which of the following is not an<br />
example of this issue?<br />
a) What assets need to be protected<br />
b) What are the sources of potential security problems<br />
c) External threats are viruses, worms, retaliations from former employees<br />
d) Internal threats are misuse of assets by employees and embezzlement<br />
25 Which of these is not a phase in the life cycle of an information system?<br />
a) Planning
) Analysis<br />
c) Control<br />
d) Implementation<br />
26. A poorly-planned information system can result in:<br />
a) Employee resistance and even sabotage<br />
b) Inflexible systems that are hard to maintain or modify<br />
c) Systems that solve the wrong problems<br />
d) all of these<br />
27. Which of the following is not a general objective in the design of an information system?<br />
a) A system should provide information which is timely and relevant for decision making<br />
by management and operating personnel<br />
b) The output of a system should be highly accurate<br />
c) A system should have sufficient capacity to accommodate levels of normal activity; any<br />
additional capacity proves too costly in the long run<br />
d) A system should be as simple as permitted so that its structure and operation can be<br />
easily understood and its procedures easily accomplished<br />
e) A system should be flexible to accommodate changes of a reasonable magnitude when<br />
required<br />
28. A computerized AIS is harder to audit than a manual system for all of the following<br />
reasons except:<br />
a) The file information is not human readable<br />
b) The volume of transaction records and master file records is usually much larger in<br />
computerized systems than in manual systems<br />
c) An audit trail does not exist in a computerized AIS<br />
d) Computerized systems often use remote real-time data processing, thus complicating<br />
the tracing of transaction records to their sources
29. Which of the following is not one of the groups of SOX compliance requirements?<br />
a) requirements to use an IT auditor to evaluate controls<br />
b) regulations governing executive reporting and conduct<br />
c) rules about financial statement reporting<br />
d) audit committee/corporate governance requirements<br />
30. Three common techniques auditors use to test computer programs are:<br />
a) Test data, integrated test facilities, and parallel simulation<br />
b) Test data, edit checks, and integrated test facilities<br />
c) Test data, program change control, and parallel simulation<br />
d) Program change control, edit checks, and parallel simulation<br />
31. The term data encryption refers to:<br />
a) Storing data in safe places called “crypts”<br />
b) Transforming data into secret codes<br />
c) Scrambling data in random ways that cannot be unscrambled<br />
d) none of these<br />
32. The term key in the context of data encryption refers to:<br />
a) A physical key similar to a house key<br />
b) A logical key similar to the primary key of a data file<br />
c) A mathematical function used for encryption purposes<br />
d) A computer function key that can be found on keyboards<br />
33. All of the following are benefits of XBRL except:
a) Companies can file financial information in one format, avoiding the errors that may<br />
come from reentering data multiple times<br />
b) The SEC accepts XBRL-format for electronic filing of financial statement reports<br />
c) XBRL permits the automatic and reliable exchange of financial information across all<br />
software formats and technologies, including the Internet<br />
d) all of the above are benefits of XBRL<br />
e) none of the above are benefits of XBRL<br />
34. All of these are reasons why databases are important to AISs except:<br />
a) AIS databases store valuable information<br />
b) Many AISs are large and therefore potentially unwieldy<br />
c) The databases of some organizations are very complex<br />
d) The hard disk space used to store AIS databases is comparatively expensive<br />
e) all of these are reasons why databases are important to AISs<br />
35. A major advantage of relational databases is:<br />
a) All records are stored together<br />
b) No pointers are used<br />
c) An expandable index is used<br />
d) It closely resembles a flat file<br />
36. In recent years many businesses have formed a common information source within their<br />
business organization called a database. One of the advantages of building databases is the<br />
simultaneous updating of files with common data elements. Another major advantage of the<br />
database concept is that:<br />
a) Database systems can be used in microcomputers as well as on large computers<br />
b) Database systems are simple to install and maintain<br />
c) Database systems are generally less expensive than separate file maintenance systems
d) Less duplication of data occurs with a database system<br />
e) Fewer skilled people are required to run a database system than any other system<br />
37. The process of data normalization refers to:<br />
a) Eliminating data errors and other problems from “normal data”<br />
b) Scaling data to values between zero and one<br />
c) Storing data in normal storage media such as hard disks<br />
d) none of these<br />
38. Database management systems are important to accountants because:<br />
a) They automate file storage tasks and enable managers to generate worthwhile financial<br />
reports<br />
b) They eliminate data redundancy<br />
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