Final Examination: Accounting Information Systems and Business Processes

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Final Examination: Accounting Information Systems and Business Processes F inal E xam MCQ H omework 20 Q uestion D one O n M ay 2015 Report this Question as Inappropriate Question Complete the Final Examination. Please complete the following problems and post no later than the last day of class. Each problems is worth 1 point. Please make sure your first sheet is the answer sheet. For example: 1. A 2. B 3. A 4. B 5. A Multiple - Choice Questions 1. The process by which a financial transaction is recorded so that its flow through the system can be followed is called: a) Financial shadowing b) Managerial trace technique c) Concatenation d) Audit trail 2. Justifying expenditures for new technologies is especially difficult because: a) You do not know how many jobs will be affected b) Expenses are often recurring and are difficult to estimate c) Many benefits are intangible and are not easily known or measured d) Justifying a new technology is no different from any other capital budgeting problem 3. The essential steps in performing a systems study are (in order of occurrence): a) Analysis, design, implementation and initial operation, follow?up b) Design, planning, follow?up, analysis, and implementation c) Planning, system specification, analysis, producti on, implementation d) Planning, analysis, design, implementation, and follow - up 4. What is the first step to be performed by most organizations in their accounting cycles? a) Recording business transactions in a journal b) Preparing a trial balance c) Recording closing entries in a journal
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