IA-6260 - Accounting Information System oed answer key

Showing 121 to 140 of 143 total answers.

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Awesome StudentQuestion • Accounting Information System

Virtual private network (VPN) is a private network, provided by a third party, for exchanging information through a high capacity connection.

Answer

FALSE

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Awesome StudentQuestion • Accounting Information System

In a BPMN collaboration model of the purchase process, one pool describes the focal organization's activities and the other pool describes what?

Answer

The supplier's activities

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Awesome StudentQuestion • Accounting Information System

Integrated test facility (ITF) is an automated technique that enables test data to be continually evaluated during the normal operation of a system.

Answer

TRUE

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Awesome StudentQuestion • Accounting Information System

Which of the following control activities should be taken to reduce the risk of incorrect processing in a newly installed computerized accounting system?

Answer

Independently verify the transactions.

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Awesome StudentQuestion • Accounting Information System

A systems analyst analyzes a business problem that might be addressed by an information system and recommends software or systems to address that problem.

Answer

TRUE

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Awesome StudentQuestion • Accounting Information System

According to the Sarbanes-Oxley Act of 2002, it is the responsibility of the Board of Directors to establish and maintain the effectiveness of internal control.

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Awesome StudentQuestion • Accounting Information System

Review the following diagram. Which answer provides the best interpretation of the multiplicities for the association between the Quote class and the Order class?

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Awesome StudentQuestion • Accounting Information System

An enterprise system is a centralized database that collects data from throughout the firm. This includes data from orders, customers, sales, inventory and employees.

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Awesome StudentQuestion • Accounting Information System

The main objective of the ISO 27000 series is to provide a model for establishing, implementing, operating, monitoring, maintaining, and improving information security.

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Awesome StudentQuestion • Accounting Information System

An entity doing business on the internet most likely could use any of the following methods to prevent unauthorized intruders from accessing proprietary information except:

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Awesome StudentQuestion • Accounting Information System

The risk of a company's internal auditing processes failing to catch the misstated dollar amount of revenue on the company's income statement is classified as inherent risk.

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Awesome StudentQuestion • Accounting Information System

Review the following diagram. Which answer provides the best interpretation of the multiplicities for the association between the Products and Production Authorization classes?

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Awesome StudentQuestion • Accounting Information System

Review the following diagram. Which answer provides the best interpretation of the multiplicities for the association between the Employees and Production Authorization classes?

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Awesome StudentQuestion • Accounting Information System

Data governance is the convergence of data quality, data management, data policies, business process management, and risk management surrounding the handling of data in a company.

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Awesome StudentQuestion • Accounting Information System

Refer to the following diagram. Which of the following answers provides the best interpretation of the multiplicities for the association between the Order class and the Products class?

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Awesome StudentQuestion • Accounting Information System

An accounting information system (AIS) is defined as being an information system that records, processes and reports on transactions to provide financial information for decision making and control.

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Awesome StudentQuestion • Accounting Information System

The Sarbanes-Oxley Act of 2002 (SOX) 2002 requires the management of all companies and their auditors to assess and report on the design and effectiveness of internal control over financial reporting annually.

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Awesome StudentQuestion • Accounting Information System

Outbound logistics are the activities associated with receiving and storing raw materials and other partially completed materials, and distributing those materials to manufacturing when and where they are needed.

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Awesome StudentQuestion • Accounting Information System

Service Activities as defined in the value chain are those activities that provide the support of customers after the products and services are sold to them (e.g. warranty repairs, parts, instruction manuals, etc.).

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