AIS review

1. 1Which data entry application control would detect and prevent entry of alphabetic characters as the price of an inventory item?

   1. AField Check
   2. BLimit Check
   3. CReasonableness Check
   4. DSign Check
2. 2Which of the following controls would prevent entry of a nonexistent customer number in a sales transaction?

   1. AField Check
   2. BCompleteness Check
   3. CValidity Check
   4. DBatch Total
3. 3Which of the following is an example of the kind of batch total called a hash total?

   1. AThe sum of the purchase amount field in a set of purchase orders
   2. BThe sum of the purchase order number field in a set of purchase orders
   3. CThe number of completed documents in a set of purchase orders
   4. DAll of the above
4. 4Which of the following is a control that can be used to verify the accuracy of information transmitted over a network?

   1. ACompleteness Check
   2. BCheck Digit
   3. CParity Bit
   4. DSize Check
5. 5Which activity is part of the sales order entry process?

   1. ASetting customer credit limits
   2. BPreparing a bill of landing
   3. CChecking customer credit
   4. DApproving sales return
6. 6Which document often accompanies merchandise shipped to a customer?

   1. APicking ticket
   2. BPacking Slip
   3. CCredit Memo
   4. DSales Order
7. 7Which method is most likely used when a company offers customer discounts for prompt payment?

   1. AOpen-invoice method
   2. BBalance-forward method
   3. CA/R aging method
   4. DCycle billing method
8. 8Which of the following provides a means both to improve the efficiency of processing customer payments and also to enhance control over those payments?
   
   

   1. ACRM
   2. BLockboxes
   3. CAging A/R
   4. DEDI
9. 9For Good Control, who should approve credit memos?

   1. ACredit Manager
   2. BSales Manager
   3. CBilling Manager
   4. DController
10. 10What is the best control procedure to prevent paying the same invoice twice?

    1. ASegregate check-preparation and check-signing functions
    2. BPrepare checks only for invoices that have been matched to receiving reports and purchase orders
    3. CRequire two signatures on all checks above a certain limit
    4. DCancel all supporting documents when the check is signed

11. 11For good internal control, who should sign checks?

    1. ACashier
    2. BA/P
    3. CPurchasing agent
    4. DController
12. 12Which of the following procedures is designed to prevent the purchasing agent from receiving kickbacks?

    1. AMaintaining a list of approved suppliers and requiring all purchases to be made from suppliers on that list
    2. BRequiring purchasing agents to disclose any financial investments in potential suppliers
    3. CRequiring approval of all purchase orders
    4. DPrenumbering and periodically accounting for all purchase orders
13. 13"The vendor number referenced does not exist" message occurs as a result of

    1. ACompleteness Check
    2. BReasonableness Check
    3. CLimit Check
    4. DField Check
    5. EValidity Check
14. 14When I enter a valid customer number into a sale transaction, a screen with the customer name and address pop up to verify that the correct customer number has been entered. This is an example of

    1. AValidity Check
    2. BClosed loop verification
    3. CCompleteness Check
    4. DReasonableness Check
15. 15__________________ Determines if the data field are of a proper type?

    1. AField Check
    2. BSign Check
    3. CValidity Check
    4. DRange Check
16. 16Which of the following is a batch total that represents the minimum level of a data entry control

    1. AHash Total
    2. BRecord / Document Counts
    3. CFinancial Total
17. 17MEIS allows companies to manage investments online. If the customer attempts to sell more stock than they have an error message appears. This is an example of a

    1. AReasonableness Check
    2. BField Check
    3. CSign Check
    4. DLimit Check
18. 18Which case has a transposition error if the original batch total is $57,607.24

    1. A$48,807.24
    2. B$57,652.24
    3. C$58,607.24
19. 19Which of the following interact with "Credit Check"
    i. A/R Data
    ii. Customer Credit Limit data
    iii. Inventory Data
    iv. Sale Order Data

    1. Ai, ii, iii
    2. Bi, iv
    3. Ci, ii, iv
    4. DAll of the above
    5. ENone of the above
20. 20Which of the following interact with "Take Sales Order"
    i. A/R Data
    ii. Customer Credit Limit data
    iii. Inventory Data
    iv. Sale Order Data

    1. Ai, ii , iii
    2. Bi, ii, iv
    3. Ciii,iv
    4. DAll of the above
    5. ENone of the above
21. 21When a shipping notice is prepared and disseminated, what two data stores are updated?

    1. ASales order data and customer master data
    2. BCustomer master data and A/R master data
    3. CInventory Master Data and A/R master data
    4. DSales order data and Inventory master data
22. 22In the revenue cycle, which is least likely to interact with the billing process?

    1. AInventory master data
    2. BCustomer Master Data
    3. CA/R Master Data
    4. DSales Event Data
23. 23Which is not a threat to the revenue cycle sales order entry process

    1. AIncomplete Orders
    2. BLoss of customers
    3. CCash Flow problem
    4. DStock outs or excess inventory
24. 24Which best prevents clerks from scanning cheaper bar codes for their friends

    1. Ainventory count
    2. BSecurity fotage
    3. CTraining of employees
    4. DRFID Tags
25. 25At time that purchasing process preforms the process of ordering goods and services, they are likely to interact with all data stores except

    1. AA/P master data
    2. BVendor master data
    3. CInventory master data
    4. DPurchase order data
26. 26The purchasing process - receiving goods and services - normally would be triggered by the data flow

    1. APurchase order
    2. BVendor acknolegement
    3. CVendor packing slip
    4. DPurchase reaquisition
27. 27The billing process normally would be triggered by the data flow

    1. ASales order
    2. BShipping notice
    3. CPurchase order
    4. DVendor acknowlegement
28. 28A "Blind Copy" of the purchase order should be sent to receiving so that

    1. AReceiving can anticipate the receipt of goods from the vendor
    2. BReceiving clerks will know how much to expect
    3. CReceiving clerks will be forced to count
29. 29Information for evaluating vendor performance normally reside on the

    1. AA/P master data
    2. BVendor master data
    3. CVouchers payable master data
    4. DPurchase order master data
30. 30In approving invoice process, "Validating" a vendor invoice might include all of the following except

    1. AHaving a copy of the invoice approved by the purchasing manager
    2. BComparing the invoice with copy of the purchase order
    3. CComparing the invoice with a copy of the receiving report
31. 31Who is most likely to report to the controller

    1. AA/P department manager
    2. BCashier
    3. CPurchasing department manager
    4. DReceiving department manager
32. 32Which of the following is not a control to Cash Theft

    1. ALockbox
    2. BSegregation of cash handling and book keeping
    3. CRotation of jobs/Forced vacation
    4. DBank vs Book Reconciliation
    5. EReview Vendor Performance
33. 33Which of the following is not a control to Kickbacks

    1. APurchasing agent can only read vendor data (SOD)
    2. BReview Vendor performance
    3. CHold Purchasing agents accountable
    4. DProhibit accepting gifts from suppliers
    5. ERequiring purchasing agents to disclose financial and personal interests in suppliers
    6. FSign checks immediately
34. 34Which of the following are the steps to the revenue cycle

    1. ASales Order
    2. BShipping
    3. CBilling
    4. DCash Collection
    5. EPurchasing orders
    6. FRecieving
    7. GApproving invoices
    8. HCash Payment
35. 35Which of the following are steps in the expenditure cycle

    1. APurchasing
    2. BRecieving
    3. CApproving invoices
    4. DCash Payment
    5. ESales Order
    6. FShipping
    7. GBilling
    8. HCash Collection
36. 36[blank_start]Purchase Order[blank_end], [blank_start]Invoice[blank_end], [blank_start]Receiving Report[blank_end] : 3.1 Validate Invoice : <-> [blank_start]Suppliers[blank_end] : 3.2 Update A/P : -> [blank_start]A/p[blank_end] -> [blank_start]Inventory[blank_end] <->[blank_start]Purchase Order[blank_end]

    1. APurchase Order
    2. BInventory
    3. CA/p
    4. DSuppliers
    5. EReceiving Report
    6. FInvoice
    7. GPurchase Order

Description

Accounting Quiz on AIS review, created by Melissa O'Donoghue on 15/12/2016.

Author

Melissa O'Donoghue

Language

English

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accounting

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