Term
The most common type of computer crime is/are
a. denial of service
b. financial fraud
c. unauthorized access
d. viruses |
|
Definition
|
|
Term
the most important characteristic of the development of computer security is
a. Assess Security Measures and Protect Passwords
b. increase employee awareness and education
c. enlist top management support
d. development of effective firewalls |
|
Definition
|
|
Term
most computer crime and abuse succeeds because
a. of the absence of controls
b. of the failure of controls
c of the failure to hire honest employees.
d. of the lack of the appropriate fraud insurance |
|
Definition
|
|
Term
most computer crime and abuse is perpetuated by
a. internationally based hackers
b. domestically based hackers
c. a company's own employees
d. competitors firms |
|
Definition
|
|
Term
Dumpster diving and phishing are most closely associated with
a. the names of famous computer viruses from the early 2000s
b. firewalls available from Norton Security
c. identity theft
d. computer hacking activity |
|
Definition
|
|
Term
A small text file that stores information about your internet browsing habits
a. cookie
b. dashboard
c. firewall
d. trojan horse |
|
Definition
|
|
Term
Insurance
a. is used to prevent losses from occurring
b. will protect the company from experiencing a loss
c. compensates for losses if they occur
d. is unavailable for computer related losses |
|
Definition
|
|
Term
application controls include
a. security controls. network controls, personal computer controls
b. access controls, internal controls, external controls
c. edit controls, access controls, feedback controls
d. input controls, processing controls, output controls |
|
Definition
|
|
Term
to investigate ongoing computer crime or fraud an accountant with ____ accounting training is often most appropriate
a compliance
b. financial
c. forensic
d. management |
|
Definition
|
|
Term
computer crime
a. is usually very easy to detect
b. is being detected much more often than not being detected
c. is most often committed by individuals with past criminal backgrounds
d. is very often not reported to the authorities |
|
Definition
|
|
Term
ethical behavior
a. is easily defined and is consistent from person to person
b. is defined by the 5 professional rules of conduct
c. is almost always defined as acting legally
d. is easier to broadly define than it is to deliver |
|
Definition
|
|
Term
journal entries are posted to
a financial statements
b. ledgers
c. trial balance
d. all of the above |
|
Definition
|
|
Term
which of the following provides the organizational structure for the general ledger
a. special journals
b. source documents
c. general journals
d. chart of accounts |
|
Definition
|
|
Term
________ is (are) a collection of activities or flow of work in an organization that creates value.
a. an economic event
b. accounting transactions
c. a business process
d. a chart of accounts |
|
Definition
|
|
Term
Which of the following is not an objective of the sales process
a. controlling inventory
b. tracking sales of goods and or services to customers
c. billing for goods and services
d. forecasting sales and cash receipts |
|
Definition
|
|
Term
which of the following source documents is common to both the sales and the purchasing processes?
a debit/credit memoranda
b. financial statement information
c. discrepancy reports and bad debt report
d. none of the above |
|
Definition
|
|
Term
The HR functions primary objectives do not usually include
a. maintaining employee earnings records
b. making timely and accurate payments to employees
c. hiring, training, and employing workers
d. establishing employee billing rates |
|
Definition
|
|
Term
Which of the following is a key output of the HR reporting system
a. time sheet
b. tax witholding form
c. paycheck
d. payroll deduction form |
|
Definition
|
|
Term
the following control account is usually supported with a subsidiary ledger
a. accounts receivable
b. inventory
c. accumulated depreciation
d. all of the above |
|
Definition
|
|
Term
Within the production process the cost flow
a. results in costs being accumulated in an expense account entitles Work in Process
b. results in costs moving through two different inventory accounts
c. results in costs moving directly from WIP to COGS
d. results in increases in asset account balances until the produced item is sold |
|
Definition
|
|
Term
JIT production systems increase the risk of
a. overstocking on certain raw material items
b. under forecasting unit sales
c. inventory stock outs
d. excess inventory carrying costs |
|
Definition
|
|
Term
_____ financing places greater pressure on cash flow than ____ financing
a. debit, credit
b. equity, debt
c. debt, equity
d. lockbox, eft |
|
Definition
|
|
Term
lean accounting is
a. an AIS that is generally considered low cost
b. designed to support traditional financial performance measures
c. new performance measures that support making by managers and operational improvement leaders
d. none of these |
|
Definition
|
|
Term
An important piece of legislation with respect to internal controls is the
a. COSO act
b. section 404
c. sarbanes oxley
d. treadway commission act |
|
Definition
|
|
Term
The risk of misappropriation is highest with
a vehicles and other easily mobile assets
b buildings and other fixed assets
c liquid assets
d all assets are equally vulnerable |
|
Definition
|
|
Term
any proposed enhancement to internal control should be evaluated
a a cost/benefit analysis
b. a JIT analysis
c. an EFT analysis
d. all of the above analyses should be made |
|
Definition
|
|
Term
an internal control environment should consist of five components. which of the following is not one of those five components?
a the control environment
b. risk assessment
c. monitoring
d. performance evaluation |
|
Definition
|
|
Term
Which of the following is not one of the four objectives of an internal control system?
a safeguard assets
b. promote firm profitabilty
c. promote operational efficiency
d. encourage employees to follow managerial policies |
|
Definition
|
|
Term
Perhaps the most important part of SOX is section 404. This sections
A. requires the independent auditors to implement and assess internal controls
b. requires management to sign a pledge that reports to teh SEC have been filed in a timely manner
c. requires the independent auditors to disclose in the audit opinion whether or not any other fee based services have been provided to the client |
|
Definition
|
|
Term
The primary objective of financial accounting is to
a. proivde relevant decision making information to management
b. provide informaton related to benchmarking and variance analysis
c. provide relevant information to individuals and groups outside an organizations internal organization
d. provide information, suitable for detailed analysis, to the firms BOD |
|
Definition
|
|
Term
The primary objective of financial accounting is to
a. proivde relevant decision making information to management
b. provide informaton related to benchmarking and variance analysis
c. provide relevant information to individuals and groups outside an organizations internal organization
d. provide information, suitable for detailed analysis, to the firms BOD |
|
Definition
|
|
Term
Activity based costing
a. helps firms more effectively utilize the allocaton of cost using direct labor hours
b. helps firms more effectively report DLH and the related job cost reporting
c. helps firms more effectively allocate based upon resources consumed
d. helps firms more effectively track all direct costs
c. |
|
Definition
|
|
Term
a good budgetary system is
a. necessary to accurately forecast future costs and clearly avoid significant variances
b. a useful managerial control mechanism
c. used to prepare very detailed long range forecasts as opposed to more general/goal oriented short term forecasts
d. required in order to prepare GAAP based financial statements |
|
Definition
|
|
Term
Which of the following is true about accounting information systems?
a. all AISs are computerized
b. AIS may report both financial and non financial information
c. employment opportunities that utilize both traditional accounting and IT skills are becoming more limited and difficult to obtain
d. AIS focuses on the accumulation and reporting of data specifically for publicly owned firms |
|
Definition
|
|
Term
The "brain" of a computer system is often referred to as
a. the primary input device
b. the primary output device
c. the CPU
d. The RAM |
|
Definition
|
|
Term
This wireless data communications process utilizes both passive and active methods approaches
a. cloud computing
b. RFID
c. DVDs
d. Flash Memory |
|
Definition
|
|
Term
The acronyms POS and OCR are most closely associated with
a. output devices
b. processing devices
c. input devices
d. printing devices |
|
Definition
|
|
Term
The acronyms POS and OCR are most closely associated with
a. output devices
b. processing devices
c. input devices
d. printing devices |
|
Definition
|
|
Term
Purchasing back up services from an internet vendor is an example of
a. OCR
b. Cloud computing
c. virtual storage
d. modem services |
|
Definition
|
|
Term
When Flowcharting a diamond represents
a. a process
b. a starting or ending point
c. a decision point
d. an off page connector |
|
Definition
|
|
Term
When drawing a process map, the map should depict
a. what should be
b. what could be
c. what is
d. all of the above |
|
Definition
|
|
Term
A _____ flowchart traces the physical flow of documents through an AISs
a. document
b. system
c. analytical
d. responsible |
|
Definition
|
|
Term
WHich of the following Microsoft software products is capable of producing flowchart related drawing aids
a. MS excel
b. MS word
c. MS Powerpoint
d. all of the above |
|
Definition
|
|
Term
which of the following is not generally considered a good reason to document a firms AIS
a. explain how the system works
b. employee training
c. comply with SOX
d. All are considered good reasons |
|
Definition
|
|
Term
A meeting in which computer programmers outline their logic to otehrs is called a
a. decision meeting
b. RAD meeting
c. RFID meeting
d. A structured walkthrough |
|
Definition
|
|
Term
Which of the following is true about systems flowcharts
a. they often cannot be used to document and audit trail
b. they can often show how documents flow in an AIS
c. they do not use standardized symbols
d. they are not useful for depicting the flow of information in computerized AISs |
|
Definition
|
|
Term
______ is emerging as the language that will be used to create interactive data that financial managers can use in communication and standardization of financial statement preperation, especially for publicly traded firms
a. MS excel
b. intuits Quickbooks accounting software
c. SOX
d. XBRL |
|
Definition
|
|
