6/15/2021 Prelims - ACCA111 6/15/2021 Prelims - ACCA111
Systems development represents 80 to 90 percent of the total cost of a
Prelims - ACCA111 computer system. *
You are given 1 hour and 30 minutes to complete the exam.
True
Good luck!
False
The respondent's email (mabarientos@gbox.adnu.edu.ph) was recorded on submission of
this form.
Systems development represents 80 to 90 percent of the total cost of a
Full Name *
computer system. *
Mae Lou Fria B. Abarientos
True
False
Section *
AC24
Information Technology (IT) audits can be performed by both internal and
external auditors. *
Part 1: True or False
True
Transaction processing systems convert non-financial transactions into financial
transactions. * False
True
False
The process of acquiring raw materials is part of the conversion cycle. *
True
The Management Reporting System provides the internal financial information False
needed to manage a business. *
True
The general journal is used to record recurring transactions that are similar in
False
nature. *
True
Most of the inputs to the General Ledger System come from the Financial False
Reporting System. *
True
False
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6/15/2021 Prelims - ACCA111 6/15/2021 Prelims - ACCA111
The box symbol represents a temporary file. * Batch processing of noncritical accounts improves operational efficiency. *
True True
False False
Real time processing is used for routine transactions in large numbers. * Batch processing of noncritical accounts improves operational efficiency. *
True True
False False
The top portion of the monthly bill from a credit card company is an example of a The accounting information system is often the tool used to commit unethical
turn-around document. * behavior *
True True
False False
Directing work-in-process through its various stages of manufacturing is part of The accounting information system is often the tool used to commit unethical
the conversion cycle. * behavior *
True True
False False
Real-time processing in systems that handle large volumes of transactions each It is likely that an accountant will select a career path, within accounting, that will
day can create operational inefficiencies. * not in some way, involve the use of an accounting information system. *
True True
False False
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6/15/2021 Prelims - ACCA111 6/15/2021 Prelims - ACCA111
A code of ethics should reduce opportunities for employees to conduct fraud if Which level of management is responsible for short-term planning and
management emphasizes the cost and disciplines or discharges those who coordination of activities necessary to accomplish organizational objectives? *
violate it. *
A. Top management
True
B. Middle Management
False
C. Operations Management
D. Executive Management
Although accountants are heavily involved in the creation, implementation, and
monitoring of the control structure, management has the ultimate responsibility
to establish a control environment * The value of information for users is determined by all of the following but *
True A. Reliability
False B. Relevance
C. Convenience
D. Completeness
Part 2: Multiple Choice
Choose the best answer
An example of a nonfinancial transaction is *
Which of the following is not a business resource? *
A. Sale of products
A. Raw Material B. Cash disbursement
B. Labor C. Log of customer calls
C. Information D. Purchase of inventory
D. All of the above
An example of a financial transaction is *
Which level of management is responsible for controlling day-to-day operations?
* A. The purchase of computer
B. A supplier price list
A. Top management
C. A delivery schedule
B. Middle Management
D. An employee benefit brochure
C. Operations Management
D. Executive Management
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6/15/2021 Prelims - ACCA111 6/15/2021 Prelims - ACCA111
Which subsystem is not part of the Accounting Information System? * The Transaction Processing System includes all of the following cycles except *
A. Transaction Processing System A. the revenue cycle
B. Expert System B. the administrative cycle
C. General Ledger/Financial Reporting System C. the expenditure cycle
D. Management Reporting System D. the conversion cycle
The major difference between the Financial Reporting System (FRS) and the Database management tasks do not include *
Management Reporting System (MRS) is the *
A.Summarization
A. FRS provides discretionary information; the MRS provides nondiscretionary
information B. Storage
B. FRS reports are prepared using information provided by the General Ledger System; C. Retrieval
the MRS provides information to the General Ledger System
D. Deletion
C. FRS reports are prepared in flexible, nonstandardized formats; the MRS reports are
prepared in standardized, formal formats
D. FRS provides information to internal and external users; the MRS provides
information to internal users
Which individual is least involved in new systems development? *
A. Systems analyst
The purpose of the Transaction Processing System includes all of the following
B. End user
except *
C. Systems Programmer
A. converting economic events into financial transactions
D. Data Librarian
B. recording financial transactions in the accounting records
C. distributing essential information to operations personnel to support their daily
operations
All of the following are external end users except *
D. measuring and reporting the status of financial resources and the changes in those
resources
A. Creditors
B. Cost accountants
C. Stockholders
D. Tax authorities
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6/15/2021 Prelims - ACCA111 6/15/2021 Prelims - ACCA111
Which of the following is an archive file? * Subsidiary ledgers are used in manual accounting environments. What file is
comparable to a subsidiary ledger in a computerized environment? *
A. an accounts payable subsidiary ledger
A. Master file
B. a cash receipts file
B. Transaction file
C. a sales journal
C. Reference file
D. a file of accounts receivable that have been written off
D. Archive file
Which document is not a type of source document? *
Which account is least likely to have a subsidiary ledger? *
A. a sales order
A. Sales
B. an employee time card
B. Accounts Receivable
C. a paycheck
C. Fixed Assets
D. a sales return receipt
D. Inventory
In a computerized environment, a list of authorized suppliers would be found in
the * In general a special journal would not be used to record *
A. Master file A. Sales
B. Transaction file B. Cash Disbursements
C. Reference file C. Depreciation
D. Archive file D. Purchases
A journal is used in manual accounting environments. What file is comparable to Which of the following is a turn-around document? *
a journal in a computerized environment? *
A. Sales order
A. Master file
B. Purchase order
B. Transaction file
C. Payroll check
C. Reference file
D. Remittance advice
D. Archive file
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6/15/2021 Prelims - ACCA111 6/15/2021 Prelims - ACCA111
Which of the following is not part of the expenditure cycle? * Which symbol represents a document? *
A. Cash disbirsements
B. Payroll
C. Production planning
D. Purchases
Which symbol represents accounting records? * A. B.
C. D.
A. B.
C. D.
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6/15/2021 Prelims - ACCA111 6/15/2021 Prelims - ACCA111
Which symbol represents a manual operation? * Which of the following is a preventive control? *
A. credit check before approving a sale on account
B. bank reconciliation
C. physical inventory count
D. comparing the accounts receivable subsidiary ledger to the control account
A. B. Which of the following is not an element of the internal control environment? *
A. management philosophy and operating style
B. organizational structure of the firm
C. well-designed documents and records
D. the functioning of the board of directors and the audit committee
C. D.
Which of the following is not an internal control procedure? *
A. authorization
The most cost-effective type of internal control is * B. management’s operating style
C. independent verification
A. Preventive Control
D. accounting records
B. Accounting Control
C. Detective Control
This form was created inside of Ateneo de Naga University.
D. Corrective Control
Forms
A well-designed purchase order is an example of a *
A. Preventive Control
B. Accounting Control
C. Detective Control
D. Corrective Control
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