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

28 Questions7 MinutesCreated by AnalyzingData24

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

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 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 are part of the fraud triangle?

Pressure

Clarity

Opportunity

Rationalization

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

Information Systems

Mastering Information Systems: Test Your Knowledge

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