WGU D217 AIS-PA (QUESTIONS +
ANSWERS) SOLVED 100% CORRECT!!
A grocery store updates its inventory levels in the accounting information system in real time. However, the store frequently reports petty theft and has trouble locating inventory on the shop floor. Which characteristic of useful information is missing from this scenario? Answer - Reliable Which component of an information system is used to produce an operational budget? Answer - Management reporting system / MRS Which risk does automating general ledger (GL) postings pose to a company?Answer - Having no human intervention means the company could have errors in the data.What describes the network of information that can be used as an audit trail? Answer
- Documents, journals, and ledgers
How do internal controls affect daily activities? Answer - They protect an organization from risk, and therefore, physical controls and IT controls are used.Which items make up the three-way match? Answer - Supplier's invoice, receiving report and purchase order aka AP Packet.Which document contains details on the acquisition of a fixed asset? Answer - Depreciation report How many surprise checks must an organization undergo annually to maintain the International Computer Security Association seal? Answer - Two An organization uses improperly normalized tables. Every inventory item also
includes the following information about the vendor: name, address, telephone
number. Which anomaly does this scenario reflect? Answer - Update anomaly What is a factor that has contributed to the growth of the commercial software market? Answer - General commercial software has a relatively low cost as compared to customized software.Which turnkey system is a spreadsheet program an example of? Answer - Office automation system 1 / 2
Which software option is mass-produced and designed to serve a wide variety of user needs, enabling the vendor to reduce development cost? Answer - General accounting systems Workers in an office need to update their ability to produce professional documents.Which type of system should the firm purchase? Answer - Office automation system Which controls do organizations use to ensure the completeness, accuracy, and validity of financial transactions? Answer - Application controls Which outcome can occur if systems development is not separated from a database administrator / DBA? Answer - Deficient database access controls What can an organization use to address the risk of a perpetrator inserting a fraudulent payroll transaction along with legitimate transactions directly into the information system? Answer - Internal controls to detect unauthorized changes What do validity tests ensure data values conform to? Answer - Specified tolerances What should an auditor request to gain an understanding of an application and construct an accurate simulation? Answer - Complete and current documentation What is programmed into a network-level firewall to accept or deny access requests?Answer - Filtering rules What does the Sarbanes-Oxley Act require as part of the annual reporting on internal controls for an organization? Answer - A statement regarding management's responsibility for establishing and maintaining internal controls.What are the advantages of using data coding in accounting information systems?Answer - Concisely representing large amounts of complex information that would otherwise be unmanageable.How is the digital audit trail like the paper audit trail? Answer - The digital audit trail allows transaction tracing.What does an external auditor's responsibility involve? Answer - Determining validity, accuracy, and completeness Which type of digital computer file stores payroll programs and other data that are used as standards for processing? Answer - Reference file With which cycle does the fixed asset system share some characteristics? Answer - Expenditure cycle Which company cycle transforms or converts input resources; such as raw materials, labor, and overhead; into finished products or services for sale? Answer - Conversion cycle
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