AIS EXAM 1

According to a recent study, the IT strategic role that has the greatest impact on shareholder value is

transform.

Which of the following statements concerning this class diagram with multiplicities is not true? Order 0...* --------------- 1...1 Customers

A customer can place only one order.

Which of the following best describes an inclusive gateway?

A gateway with one or more exit paths per instance of a process

Which of the following best describes an exclusive gateway?

A gateway with only one exit path per instance of a process

Which of the following is true about start events?

A start event can catch a message.

To configure QBO to work the way you want, go to:

Account and settings.

Another name for the Chart of Accounts is:

Account list.

You can transfer funds between most balance sheet accounts except:

Accounts Payable and Account Receivable accounts.

A journal entry is a transaction in which:

All of the above.

From the default you can:

All of the above.

From the plus (+) sign, you can:

All of the above.

The Navigation bar includes these selections:

All of the above.

The following Internet browsers can be used with QB Online:

All of the above.

The gear icon can be used for:

All of the above.

To navigate the QBO interface, select:

All of the above.

Which of the following best describes the value of business models?

All of the choices

Which of the following is not a purpose of business process documentation?

All of the choices are purposes of business process documentation

Which of the following is not a role of the accounting function in business?

All of the choices are roles of the accounting function

Which of the following is not true about the token concept?

All of the choices are true.

Which of the following statements about BPMN is not true?

All of the choices are true.

Which of the following best describes a data object?

All of the choices describe data objects.

Which of the following best describes an intermediate error event?

All of the choices describe intermediate error events.

Which of the following describe characteristics of good BPMN models?

All of the choices.

Which of the following is true about end events?

An end event can throw a message.

The Navigation bar's Accounting selection includes the Chart of Accounts.

True

The Sales Receipt window is used for recording cash sales.

True

QBO exports reports to this file type:

Excel.

To record the owner's investment, what selection is made?

+ > Journal Entry.

This report lists what you own, your debts, and what you've invested.

Balance Sheet.

Which of the following are true with respect to data associations?

Both It is modeled as a dotted arrow and The association arrowhead shows the direction of data flow are true.

Which of the following describes how participants in a process are identified in BPMN?

Both Swimlanes and Pools

Which is the following is true about intermediate timer events?

Both The process delays until a specific date or time and The process delays for a specific period of time, e.g., 1 day are true.

What designation would be most appropriate for those professionals possessing IT audit, control, and security skills?

Certified Information Systems Auditor (CISA)

A list of all the accounts used in the General Ledger is called a:

Chart of Accounts.

The October transaction register shows QB Cloud's:

Checking account activity.

This term refers to software that is Internet delivered.

Cloudware

The central place for getting an overview of the company is called the:

Dashboard.

Which of these represents the proper transformation from data to decision according to the information value chain?

Data ➞ Information ➞ Knowledge ➞ Decision

A systems analyst would generally be considered to fill which role with respect to accounting information systems?

Designer

Which of the following best describes the meaning of this UML class diagram? New Car Inventory 1...1 ------------------------- 0...1 Sale

Each new car can be sold once.

Which of the following best describes the meaning of this diagram? / ---------- Sale---||--------------------------o---------- Cash Receipts \ ----------

Each sale can result in many subsequent cash receipts.

Which of the following is not a characteristic of useful information?

Expensive to generate

A password can be set up with 4 characters or less.

False

Each time you log into the sample company, the same security verification is used.

False

In the company snapshot area, the general ledger is shown.

False

One of the ways to add an invoice, click on the minus sign.

False

The QuickBooks Online (QBO) sample company is Bellflower Landscaping.

False

The account distribution for expenses is a credit to Account 101 Checking and a debit to Account 401 Sales.

False

The account for recording a check to the U.S. Post Office is Freight In.

False

The company, QB Cloud_Student Name, was started in December of the current year.

False

The transaction register shows each customer's account activity.

False

To explore the power of QuickBooks, do an Internet search.

False

The correct order of effects in the value chain is

Inbound logistics ➞ Operations ➞ Outbound logistics.

Which of the following is not an example of business process documentation?

Internal audit

The balance sheet account most likely to be affected by supply chain management software would be

Inventory.

Use this icon to search transactions:

Magnifying-glass.

Which of the following is not a flow object?

Message flows

Which of the following best describes message flows?

Message flows represent exchanges between pools.

Which of the following symbols is used to represent sequence flow in BPMN?

None dashed line ----->

To create a transaction, select the:

Plus sign.

This report shows money you earned and money you spent.

Profit & Loss.

The search icon takes you to:

Recent transactions.

What Navigation bar selection do you use for the Balance Sheet?

Reports.

Which QBO feature is used to view the company's financial information?

Reports.

Customer relationship management software would be most likely to affect which income statement account?

Revenues

Which of the following statements about sequence flows is not true?

Sequence flows may not cross lane boundaries.

In which of the following areas, is the Chart of Accounts located?

Settings.

Written evidence of business transactions.

Source Document.

Checks, payments, bills, bank deposits, and transfers are entered on:

Specialized screens.

To start QuickBooks Online, you need to:

Start your Internet browser.

The Journal report shows every transaction during a period of time and includes debits and credits.

True

The Navigation bar is on the left side of the QBO window.

True

Which of the following best describes a looping task?

The task repeats until a condition is satisfied.

Which of the following symbols is used to represent a gateway in BPMN?

Trapezoid

This report lists the debit and credit balance of each account.

Trial Balance.

A chart of accounts is a list of all the accounts used by a company showing identifying numbers assigned to each account.

True

Cloudware refers to software accessed entirely from a Web server.

True

Each time you start QBO's sample company, a new session (or instance) of the company starts.

True

Each time you start QBO, you must type a Password. User IDs can be saved by your browser.

True

In Chapter 3, the owner invests cash and computer equipment in the business.

True

In Chapter 3, the transaction register is used as a source document for recording transactions.

True

On the Dashboard, Income and Expenses are shown graphically.

True

Preferences, also called Settings, can be set as you work.

True

QBO can be used on Windows and Mac OS X operating systems.

True

Since QBO is web-delivered, it is best to use DSL or a cable modem for access.

True

The account distribution for cash sales is a debit to Account No. 101 Checking and a credit to Account No. 401 Sales.

True

The account distribution for the transfer of funds for the loan payable is a debit to account No. 101 Checking and a credit to Account 205 Loan Payable.

True

The company set up in Chapter 2 is QB Cloud with your first and last name.

True

The user interface is the link between a user and the software.

True

To see the work you have completed, display the Audit Log.

True

When the plus sign is selected, you can create new transactions, invoices, sales receipts, bills, and more.

True

When you start QBO, you need to:

Type a security verification.

The column on the chart of accounts that classifies accounts for financial statements is:

Type.

Which of the following is considered to be mandatory information required by a regulatory body?

U.S. tax return

Accounting information systems

are an information system that records, processes, and reports on transactions to provide financial and nonfinancial information for decision making and control.

IT strategic roles of AIS investments are classified as

automate, informate, transform.

The income statement account most likely affected by an AIS investment in supply chain management software would be

cost of goods sold.

Customer relationship management software does not include information about

current suppliers.

Enterprise systems would generally be considered to be an

internal business process.

A supply chain

refers to the flow of materials, information, payments, and services.