Tag: introduction to computer and accounting information system

Questions Related to introduction to computer and accounting information system

Accounting software is used to perform the function of ________.

elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

  1. auditing

  2. accounting

  3. taxation

  4. none of the above

Show answer
Correct Option: B

What is a detailed process for recovering information or an IT system in the event of a catastrophic disaster such as a fire or flood?

elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

  1. Disaster recovery plan

  2. Hot site

  3. Cold site

  4. Disaster recovery cost curve

Show answer
Correct Option: A

Accounting is concerned with recording of ____________ transactions and events.

elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

  1. social

  2. legal

  3. financial

  4. all of the above

Show answer
Correct Option: C

When would an auditor typically not perform additional tests of a computer systems controls?

elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

  1. When the assessed level of control risk is at a minimum.

  2. When computer controls appear to be strong and risk is at a minimum.

  3. When controls appear to be weak.

  4. When inherent risk is at a maximum.

Show answer
Correct Option: C

When would "auditing around the computer" be appropriate?

elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

  1. When controls over the computer system are strong.

  2. When controls over the computer system are non-existent.

  3. When controls over the computer system are adequate.

  4. It is never appropriate to audit around the computer

Show answer
Correct Option: B

Since the computer can do many jobs simultaneously, segregation is not as defined as it is in a manual system. How can a computer system be modified to compensate for the lack of segregation of duties? 

elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

  1. The computer system should be under the direction of the internal audit department.

  2. The computer system should be accessible to various competent parties so they can check on each other's work.

  3. Strong controls should be built into both the computer software and hardware to limit access and manipulation.

  4. Many companies run complete parallel manual and automated accounting systems for a cross check on input and output.

Show answer
Correct Option: C

The most commonly used input device are ________ and ________.

elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

  1. keyboard, mouse

  2. keyboard, printer

  3. graphic plotter, mouse

  4. graphic plotter, keyboard

Show answer
Correct Option: A

Which of the following are components of computer?

elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

  1. Input Unit

  2. Central Processing System

  3. Output Unit

  4. All of the above

Show answer
Correct Option: D

Broadly, the components of Computerised Accounting System are :

elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

  1. Computer Hardware

  2. Software

  3. Financial Data

  4. All of the above

Show answer
Correct Option: D

What is a computerized accounting system?

elements of accounts applications of computers in accounting introduction to computer and accounting information system meaning of computerised accounting system application of computerised accounting system

  1. It's a system that teaches accounting courses.

  2. It is a program that counts the currency that comes into a business.

  3. It's a computer that is dedicated to accounting entries.

  4. A software package that manages the financial activities and records of a business.

Show answer
Correct Option: B