CBS Accounting Information Systems 2

Question 1

Which internal control principle requires that no single employee handle all phases of a transaction from authorization to recording to custody?

Accepted Answer

Segregation of duties

Answer

Segregation of duties divides transaction responsibilities among multiple employees to prevent fraud and errors.

Question 2

In an AIS, a 'chart of accounts' primarily serves what purpose?

Accepted Answer

Defines the coding structure used to classify financial transactions

Answer

A chart of accounts is a numbered listing of all account categories used to classify and record financial transactions.

Question 3

What type of AIS output report compares actual financial results against planned budgets?

Accepted Answer

Variance report

Answer

A variance report highlights differences between budgeted and actual amounts, essential for budget control.

Question 4

Which database concept ensures that every record in a child table has a corresponding record in the parent table?

Accepted Answer

Referential integrity

Answer

Referential integrity enforces valid relationships between related tables through foreign key constraints.

Question 5

A batch processing system in an AIS differs from real-time processing primarily because batch processing:

Accepted Answer

Accumulates transactions and processes them at scheduled intervals

Answer

Batch processing collects transactions over a period and processes them together, unlike real-time systems that update instantly.

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