Final Examination: Accounting Information Systems and Business Processes

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Final Examination: Accounting Information Systems and Business ProcessesFinalExamMCQ Homework 20QuestionDoneOnMay 2015Report this Question as InappropriateQuestionComplete the Final Examination. Please complete the following problemsandpost no later than the last day of class.Each problems is worth 1 point. Pleasemake sure your first sheet is the answer sheet. For example:1. A2. B3. A4. B5. AMultiple-Choice Questions1. The process by which a financial transaction is recorded so that its flow through thesystem can be followed is called:a) Financial shadowingb) Managerial trace techniquec) Concatenationd) Audit trail2. Justifying expenditures for new technologies is especially difficult because:a) You do not know howmany jobs will be affectedb) Expenses are often recurring and are difficult to estimatec) Many benefits are intangible and are not easily known or measuredd) Justifying a new technology is no different from any other capital budgetingproblem3. The essential steps in performing a systems study are (in order of occurrence):a) Analysis, design, implementation and initial operation, follow?upb) Design, planning, follow?up, analysis, and implementationc) Planning, system specification, analysis, production, implementationd) Planning, analysis, design, implementation, and follow-up4. What is the first step to be performed by most organizations in their accountingcycles?a) Recording business transactions in a journalb) Preparing a trial balancec) Recording closing entries in a journal

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