ACC 564 Final Exam Review: Key Accounting Information Systems Concepts and Fraud Detection

Name: ACC 564 Final Exam Review: Key Accounting Information Systems Concepts and Fraud Detection
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A review of accounting information systems and fraud detection.

Jacob Anderson

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ACC 564 Final Exam Review: Key Accounting Information Systems Concepts
and Fraud Detection
ACC 564 FINAL EXAM PART 1 TWO VERSIONS POSTED 100 QUESTIONS
Question 1
The transaction cycle that includes the events of hiring employees and paying them is known as
the
Answer
revenue cycle.
expenditure cycle.
human resources cycle.
financing cycle.
Question 2
Data must be converted into information to be considered useful and meaningful for decision-
making. There are six characteristics that make information both useful and meaningful. If
information is free from error or bias and accurately represents the events or activities of the
organization, it is representative of the characteristic of
Answer
relevancy.
timeliness.
understandability.
reliability.
Question 3
The primary objective of accounting is to
Answer
implement strong internal controls.
provide useful information to decision makers.
prepare financial statements.
ensure the profitability of an organization
Question 4
The business owners obtain financing from outside investors, which results in an inflow of cash
into the company. This transaction is considered to be part of which cycle?
Answer
the revenue cycle
the payroll cycle
the production cycle
the financing cycle
Question 5

Information that is free from error or bias and accurately represents the events or activities of the
organization is
Answer
relevant.
reliable.
verifiable.
timely
Question 6
Hector Sanchez works in the accounting department of a multinational manufacturing company.
His job includes updating accounts receivable based on sales orders and remittance advices. His
responsibilities are part of the company's
Answer
revenue cycle.
expenditure cycle.
financing cycle.
production cycle
Question 7
An audit trail
Answer
provides the means to check the accuracy and validity of ledger postings.
begins with the general journal.
is automatically created in every computer-based information system.
is a summary of recorded transactions
Question 8
What usually initiates data input into a system?
Answer
The transaction system automatically checks each hour to see if any new data is available for
input and processing.
The performance of some business activity generally serves as the trigger for data input.
A general ledger program is queried to produce a trial balance at the end of an accounting period.
Data is only input when a source document is submitted to the accounting department
Question 9
The general ledger account that corresponds to a subsidiary ledger account is known as a
Answer
dependent account.
attribute account.
entity account.
control account.
Question 10
The efficiency of recording numerous business transactions can be best improved by the use of

Answer
prenumbered source documents.
specialized journals.
posting references.
subsidiary ledgers
Question 11
Chas Mulligan has been hired by Yardley Security as an assistant to the internal auditor. He has
been asked to document the existing accounting information system, and focus on the activities
and flow of data between activities. He decides to begin with a summary description of the
sources and uses of data in the organization and how they are processed by the system. The
documentation tool that he should employ for this purpose is a
Answer
data flow diagram.
document flowchart.
system flowchart.
program flowchart.
Question 12
In general, a data destination will be shown by
Answer
an arrow pointing away.
an arrow pointing in.
arrows pointing both ways.
no arrows, only two horizontal lines.
Question 13
A data flow diagram
Answer
is a graphical description of the source and destination of data that shows how data flow within
an organization.
is a graphical description of the flow of documents and information between departments or
areas of responsibility.
is a graphical description of the relationship among the input, processing, and output in an
information system.
is a graphical description of the sequence of logical operations that a computer performs as it
executes a program
Question 14
A flowchart that depicts the relationships among the input, processing, and output of an AIS is
Answer
an internal control flowchart.
a document flowchart.
a system flowchart.

a program flowchart.
Question 15
Chuck and Jill Scruggs travel in their motor home six months of the year and buy unique
artifacts. Within hours after the Scruggs make a purchase, they have photographed it, written a
description of it, and posted it for sale on eBay with a reservation price. Anything that does not
sell within a week is shipped back to Austin, Texas, for display in The House of Curiosities, a
retail business that the Scruggs operate during the balance of the year. Which symbol should be
used to represent the transfer of data to eBay in a context diagram of this process?
Answer
A) rectangle
B) circle
C) arrow up and right
D) parallel horizontal lines
Question 16
The ________ handles the link between the way data are physically stored and each user's
logical view of that data.
Answer
data warehouse
data dictionary
database management (DBMS) software
schema
Question 17
The logical structure of a database is described by the
Answer
data dictionary.
schema.
database management system.
internal level.
Question 18
The database requirement that foreign keys must be null or have a value corresponding to the
value of a primary key in another table is formally called the
Answer
entity integrity rule.
referential integrity rule.
rule of keys.
foreign key rule
Question 19
A set of individual user views of the database is called the
Answer
conceptual-level schema.
internal-level schema.
external-level schema.
meta-schema.

Question 20
Inability to add new data to a database without violating the basic integrity of the database is
referred to as the
Answer
update anomaly.
insert anomaly.
integrity anomaly.
delete anomaly.
Question 21
The US Justice Department defines computer fraud as
Answer
any crime in which a computer is used.
an illegal act in which knowledge of computer technology is essential.
any act in which cash is stolen using a computer.
an illegal act in which a computer is an integral part of the crime
Question 22
Which of the following is the greatest risk to information systems and causes the greatest dollar
losses?
Answer
human errors and omissions
physical threats such as natural disasters
dishonest employees
fraud and embezzlement
Question 23
The most efficient way to conceal asset misappropriation is to
Answer
write-off a customer receivable as bad debt.
alter monthly bank statements before reconciliation.
alter monthly physical inventory counts to reconcile to perpetual inventory records.
record phony payments to vendors.
Question 24
Most fraud perpetrators are insiders because
Answer
insiders are more dishonest than outsiders.
insiders know more about the system and its weaknesses than outsiders.
outsiders are more likely to get caught than insiders.
insiders have more need for money than outsiders
Question 25
The simplest and most common way to commit a computer fraud is to
Answer
alter computer input.
alter computer output.
modify the processing.
corrupt the database
Question 26
Telefarm Industries is a telemarketing firm that operates in the Midwest. The turnover rate

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among employees is quite high. Recently, the information technology manager discovered that
an unknown employee had used a Bluetooth-enabled mobile phone to access the firm's database
and copy a list of customers from the past three years that included credit card information.
Telefarm was a victim of
Answer
Bluesnarfing.
splogging.
vishing.
typosquatting.
Question 27
Illegally obtaining and using confidential information about a person for economic gain is known
as
Answer
eavesdropping.
identity theft.
packet sniffing.
piggybacking.
Question 28
A fraud technique that slices off tiny amounts from many projects is called the ________
technique.
Answer
Trojan horse
round down
salami
trap door
Question 29
Computer fraud perpetrators that modify programs during systems development, allowing access
into the system that bypasses normal system controls are using
Answer
a Trojan horse.
a trap door.
the salami technique.
superzapping.
Question 30
Which of the following is the easiest method for a computer criminal to steal output without ever
being on the premises?
Answer
dumpster diving
by use of a Trojan horse
using a telescope to peer at paper reports
electronic eavesdropping on computer monitors
Question 31
What is one reason why AIS threats are increasing?
Answer
LANs and client/server systems are easier to control than centralized, mainframe systems.
Many companies do not realize that data security is crucial to their survival.

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Strayer University

Subject

Accounting

ACC 564 Final Exam Review: Key Accounting Information Systems Concepts and Fraud Detection

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