B. Acy Bachelor of Accountancy Accounting Information Systems

Question 1

Which component of an accounting information system (AIS) captures raw financial data from business transactions?

Accepted Answer

Input devices and source documents

Answer

Source documents and input devices capture transaction data at the point of origin for processing by the AIS.

Question 2

In the revenue cycle of an AIS, which event triggers the billing process?

Accepted Answer

Shipment of goods to the customer

Answer

Billing is triggered when goods are shipped, creating the obligation for the customer to pay.

Question 3

A relational database organizes data into:

Accepted Answer

Two-dimensional tables linked by keys

Answer

Relational databases store data in tables (relations) and use primary and foreign keys to link related tables.

Question 4

Which internal control is designed to prevent a single employee from controlling all aspects of a transaction?

Accepted Answer

Segregation of duties

Answer

Segregation of duties divides transaction authorization, custody, and record-keeping among different employees to reduce fraud risk.

Question 5

The expenditure cycle in an AIS primarily handles which business process?

Accepted Answer

Purchasing and paying for goods and services

Answer

The expenditure cycle encompasses purchasing goods/services from vendors, receiving them, and making payment.

B. Acy Bachelor of Accountancy Practice Test