Information Systems
Mastering Information Systems: Test Your Knowledge
Welcome to the ultimate quiz on Information Systems! Whether you're a student, a professional, or just curious about accounting information systems, this quiz covers a range of topics designed to challenge your understanding and improve your knowledge.
- 28 thought-provoking questions
- Covers key concepts in accounting and information systems
- Multiple-choice and checkbox format for engaging learning
What are the 6 components of the accounting information system?
People, Procedures, Data, Software, Hardware, Internal controls
Data, Security, Software, Hardware, People, External controls
Invoices, Data, Software, Hardware, People, Secuirty
What is the role of Accounting information systems?
To process data to provide users with information.
To provide data
What is the main purpose of companies producing mandatory information?
To minimize costs
To increase prices
What are the 4 building blocks of Data flow Diagrams(DFD)?
Process, Entity, Datastore, Data Flows
Event, Activities, Sequence flow, Gateways
What is data?
Raw, Unorganized, Meaningless facts
Information
What is information?
Data that has been processed, structured, made useful to decision makers
Facts
Information that is correct; free from error is
Accurate
Understandable
Verifiable
Information that is accessible to users when needed is
Available
Timely
Understandable
Information that does not omit needed data is
Complete
Verifiable
Accuarate
Information that is presented in the same format every time is
Consistent
Relevant
Accurate
A report that lists unpaid customer invoices and unused credit memos by date ranges is called
Back order
A/R aging report
Bill of lading
Documents the type and quantity of goods being sent from a seller to a buyer.
Credit memo
Bill of lading
Picking ticket
A list used to gather items to be shipped from a warehouse
Invoice
Picking ticket
Sales order
A statement that accompanies a payment to a supplier, detailing what was paid.
Remittance advice
Bank reconciliation
Credit memo
What are the main processes of the expenditure cycle
Ordering goods
Receiving items
Approving invoices
Disbursing cash to suppliers
Receive sales order from customers
What are the main processes of the revenue cycle?
Receive sales orders
Ship goods to customers
Bill customers
Collect cash payments
Approve invoices
A form filled out by an employee, requesting that the purchasing department obtain certain goods or services
Purchase order
Purchase requisition
Receiving report
Invoice
A collection of three documents: (1) the purchase order, (2) the receiving report, and (3) the invoice
Voucher package
Receiving report
A/P aging report
What are the DFD best practices?
Names of processes and dataflows should be clear, concise, and descriptive.
Each process should have at least one data flow coming in and going out.
Data flowing out of a process should be different than the data flowing in.
Completeness: cover all important entities and events.
What is a Data Flow Diagram(DFD)?
Illustrates where data originates, how it is transformed, to which parties it is transferred, and where it is stored
Illustrates a detailed sequence of activities and information flows needed to complete a business process.
What are the components of the COSO Cube?
Control environment
Risk assessment
Control activities
Information and communication
Monitoring activities
Custody
What type of internal control identify errors that have occurred?
Detecttive
Corrective
Preventive
What type of internal control seek to remediate errors that have been detected.
Detective
Corrective
Preventive
What type of internal control is designed to keep errors from occurring in the first place
Detective
Corrective
Preventicve
What internal control checks for accuracy by using other related information?
Closed loop verification
Validity check
Completeness check
Which excel shortcut allows you to move to the top-left cell of worksheet?
Ctrl, Home
Ctrl, End
Ctrl, Shift, End
Which excel shortcut allows you to extend a selection by one cell?
Ctrl, Arrow
Shift, Arrow
Ctrl, Shift, End
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