AIS Final Exam Questions - Copy

Accounting Information System True/False: (Write True or False) 1. REA modeling embraces embraces two classes classes of events: economic events and support events. events. 2. Because Because of the robustness robustness of modern technology technology,, businesses businesses today see infreuent infreuent changes changes in their their !" systems and much longer system life spans. #. $ystem maintenance maintenance is often often viewed as the third phase of a new development cycle. %. &nder the REA approach support events may directly affect affect a change in resources '. A system wal(through wal(through occurs after the the system is implemented. implemented. ). "he duality association association in an REA diagrams signifies signifies that each economic transaction involves involves two agents. *. All of the steps steps in the $ystem $ystems s +evelo +evelopme pment nt ife -ycle -ycle apply apply to softwa software re that is develo developed ped inhous inhouse e and to commercial software. /. 0ost companies implementing implementing an REA model also maintain a traditional traditional general ledger system for financial reporting. . 0iing technologies technologies from from many vendors improves improves economic feasibility. feasibility. 13. "he letters 4R,5 4E,5 and 4A5 4A5 in the term 6REA model7 stand for resources, events, events, and actions. 11. 11. !n the ob8ectoriented ob8ectoriented approach to systems systems design, a vendor is an eample of an ob8ect. 12. At least two REA agents participate participate in each an economic event. 1#. "he second step step in the $+- is to develop a systems strategy. strategy. 1%. !nstea !nstead d of imple implemen mentin ting g an appli applicat catio ion n in a single single bigbang bigbang release, release, modern modern system systems s are delivere delivered d in parts parts continuously and uic(ly. 1'. !n REA, REA, resources are assets that include include accounts receivable. 1). "he concept of of reusability is central to the ob8ectoriented ob8ectoriented approach to systems design. 1*. An eample of an economic event is chec(ing customer credit credit prior to processing processing a sale. 1/. !f system development development is conducted properly, properly, system maintenance costs costs can be reduced. 1. "he REA approach generates an information information system based on a single holistic holistic user view. view. 23. +uring +uring the detailed feasibili feasibility ty study of the pro8ect, pro8ect, the systems systems professional professional who proposed proposed the pro8ect pro8ect should be involved in performing the study. Multiple Choice: 1. 9hich statement statement is ;" true< REA resources resources are: a. affected by support events c. under the control of agents b. assets d. scarce 2. "he formal formal product of the the systems evaluat evaluation ion and selection selection phase phase of the $ystems $ystems +evelopment +evelopment ife -ycle -ycle is a. the report of system analysis c. the systems plan b. the systems selection report d. the detailed system design #. "he testi testing ng of individual individual program program modules modules is is a part part of  a. software acuisition costs c. system design costs b. data conversion costs d. programming costs %. =ro8ect =ro8ect plann planning ing includ includes es all all of the following following ecept ecept a. specifying system ob8ectives c. preparing a formal pro8ect proposal b. selecting hardware vendors d. producing a pro8ect schedule '. A costbenefi costbenefitt analysi analysis s is a part part of the detailed detailed a. legal feasibility study c. schedule feasibility study b. operational feasibility study d. economic feasibility study ). "he central central repository repository of the -omputer -omputer Aided Aided $oftwar $oftware e Engineering Engineering >-A$E? >-A$E? system system contains contains a. the program code c. user prototype screens b. data flow diagrams d. all of the above *. 9hich techni techniue ue is least least li(ely li(ely to be used used to uantify uantify intang intangible ible benefit benefits< s< a. opinion surveys c. simulation 8udgment b. professional 8udgment d. review of accounting transaction data /. 9hich of the the following following events events would would be least least li(ely li(ely to be modeled modeled in a REA diagram diagram< < a. customer inuires c. receiving cash b. posting accounts payable d. sales to a customer   . All of of the followin following g are eamples eamples of of economic economic events events ecept ecept a. receiving raw materials from a supplier c. disbursing cash for inventories received b. chec chec(i (ing ng a cus custtomer omer5s 5s cred credit it pri prior to proc proces essi sing ng a sal sales es orde orderr d. shi shippi pping prod produc uctt to to a cust ustomer  omer  13. ;ne time costs include include all all of the following following ecept ecept a. site preparation c. insurance b. programming and testing d. data conversion 11. 11. 9hich is not not a level level of a data flow diagram< diagram< a. conceptual level c. contet level b. intermediate level d. elementary level 12. 9hich level level of a data data flow flow diagram diagram is used used to produce produce program program code code and database database tables< tables< a. contet level c. elementary level b. intermediate level d. prototype level 1#. !n an REA REA model, model, events events are described described from from the perspectiv perspective e of  a. the designer c. the organi@ation b. the user d. the customer   1%. !n the ob8ector ob8ectorient iented ed systems systems design design approach, approach, the employee employee pay rate rate is an eample eample of  a. an ob8ect c. an attribute b. an operation d. a class 1'. Evaluator Evaluators s of the the detailed detailed feasibi feasibility lity study study should should not include include a. the internal auditor c. the pro8ect manager   b. a user representative d. the system designer  

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A commercial software system that is completely finished, tested, and ready for implementation is called a a. bac(bone system c. vendorsupported system b. benchmar( system d. turn(ey system 9hich of the following is ;" an eample of an economic event< a. =repare cash disbursements voucher c. $hip goods b. Receive goods d. et employee time Eamples of recurring costs include a. software acuisition c. data conversion b. personnel costs d. system design $ite preparation costs include all of the following ecept a. reinforcement of the building floor c. freight charges b. crane used to install euipment d. supplies 9hich of the following is not a tool of systems analysts< a. observation c. tas( participation b. audit reports d. personal interviews "he accountant5s role in systems analysis includes all of the following ecept a. specify audit trail reuirements c. prepare data gathering uestionnaires b. suggest inclusion of advanced audit d. ensure mandated procedures are part of the design features 9hen developing an REA model: a. in( tables are eplicitly depicted c. Accounting artifacts are represented as support events b. "he same resource is both increased and d. events are organi@ed in seuence of occurrence decreased by the duality association "he ability of a system to protect individual privacy and confidentiality is an eample of  a. schedule feasibility c. operational feasibility b. legal feasibility d. economic feasibility "he output of the detailed design phase of the $ystems +evelopment ife -ycle >$+-? is a a. fully documented system report c. systems selection report b. detailed system design report d. systems analysis report Recurring costs include all of the following ecept a. data conversion c. software maintenance b. insurance d. supplies Aspects of pro8ect feasibility include all of the following ecept a. technical feasibility c. economic feasibility b. logistic feasibility d. schedule feasibility =ro8ect feasibility includes all of the following ecept a. technical feasibility c. conceptual feasibility b. operational feasibility d. schedule feasibility "he detailed design report contains all of the following ecept a. input screen formats c. alternative conceptual designs b. report layouts d. process logic An eample of a tangible benefit is a. increased customer satisfaction c. more current information b. reduced inventories d. faster response to competitor actions 9hich of the following is true< a. Events entity names in REA diagrams are c. REA diagram entities are arranged in constellations by entity in the verb form class b. ER diagrams present a static picture of  d. All of the above are true statements the underlying business phenomena