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It is not an objective of accounting control Develop operational efficiency resource protection las Check data accuracy There is no correct answer O O O

Accounting Information Systems

10th Edition

ISBN:9781337619202

Author:Hall, James A.

Publisher:Hall, James A.

Chapter16: Auditing It Controls Part Iii: Systems Development, Program Changes, And Application Auditing

Section: Chapter Questions

Problem 5MCQ: Which of the following statements is NOT correct? a. EAMs capture transactions during processing...

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It is not an objective of accounting control
Develop operational efficiency
resource protection las
Check data accuracy
There is no correct answer

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Which of the following is false about accounting information systems? A. They provide reports that people analyze. B. They prevent errors and stop employees from stealing inventory. C. They are designed to gather data about the companys transactions. D. They consist of processes that involve input of data from source documents, processing, output, and storage.
Which of the following statements is NOT correct? a. EAMs capture transactions during processing without removing the application from service. b. EAMs support continuous monitoring of controls. c. EAMs have the potential to corrupt corporate databases d. EAMs decrease operational performance. e. All of the above are correct statements.
Computers remove a fundamental separation of functions between authorizing and processing transactions, and there is also a risk of the integrity of accounting records. What do you think, how can management control these risks?
Which of the following benefits of an effective accounting information system provides safeguards for a business’s assets and reduces the likelihood of fraud and errors? a. Flexibility b. Relevance c. Control d. Compatibility
Controls that enhance the accuracy and reliability of the accounting records are automated controls. external controls. physical controls. none of these answer choices are correct.
Which of the following is false about accounting information systems?A. They provide reports that people analyze.B. They prevent errors and stop employees from stealing inventory.C. They are designed to gather data about the company’s transactions.D. They consist of processes that involve input of data from source documents, processing, output, andstorage.
Which statement is NOT true? a. Drill-down capability is an OLAP feature of data mining tools available to the user. b. The data warehouse should be separate from operational systems. c. Denormalization of data involves dividing the data into very small tables that support detailed analysis. d. Some decisions supported by a data warehouse are not fundamentally different from those that are supported by traditional databases. e. Data cleansing involves transforming data into standard business terms with standard data values.
Which of the following benefits of an effective accounting information system provides safeguards for a business’s assets and reduces the likelihood of fraud and errors? Flexibility Relevance Control Compatibility
Which of the following is NOT one of the limitations of Management Accounting?Select one:a. Lack of wide knowledgeb. Complicated approachc. Costly systemd. Concerned with the future
Which of the following are correct regarding why management uses internal controls? (Check all that apply.) Multiple select question. Protect assets. Uphold company policies. Ensure reliable accounting. Reduce vendor payables. Increase revenues. Promote efficient operations.
The installation of a database management system is likely to have the least impact ona. data redundancy.b. entity-wide sharing of common data.c. exclusive ownership of data.d. the logic needed to solve a problem in an application program.e. the internal controls over data access.
Which of the following is an advantage of a computer-based system for transactionprocessing over a manual system? A computer-based system(1) does not require as stringent a set of internal controls.(2) will produce a more accurate set of financial statements.(3) will be more efficient in generating financial statements.(4) eliminates the need to reconcile control accounts and subsidiary ledgers