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Test Chuong 02 - Overview of Transaction Processing - TLHD

The document describes the data processing cycle and transaction processing. It discusses the four parts of the data processing cycle as well as documents and procedures used to collect and process transaction data. The document also describes how information is stored in computer-based systems and how organizations use ERP systems to process transactions and provide information.

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104 views

Test Chuong 02 - Overview of Transaction Processing - TLHD

The document describes the data processing cycle and transaction processing. It discusses the four parts of the data processing cycle as well as documents and procedures used to collect and process transaction data. The document also describes how information is stored in computer-based systems and how organizations use ERP systems to process transactions and provide information.

Uploaded by

Ly Ly
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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LO1 Describe the four parts of the data processing cycle and the major activities in

each.

LO1.1. Which of the following is NOT a step in the data processing cycle?
a. data collection c. data storage
b. data input d. data processing

LO1.2. Identify the four parts of the transaction processing cycle.


A) data input, data storage, data processing, information output
B) data input, data recall, data processing, information output
C) data input, data recall, data transmission, information output
D) data input, data recall, data transmission, data storage
LO2 Describe documents and procedures used to collect and process transaction
data.
Multichoice

LO2.1. A typical source document could be


A) some type of paper document. B) a computer data entry screen.
C) the company's financial statements. D) both A and B

LO2.2. Data must be collected about three facets of each business activity. What are
they?
A) the business activity, the resources it affects, the people who participate
B) the business activity, the transactions it creates, the impact on the financial statements
C) the inputs, outputs and processes used
D) who is involved, what was sold, how much was paid

LO2.3. Documents that are sent to customers or suppliers and then sent back to the
company in the course of a business transaction are known as
A) turnaround documents. B) source documents.
C) input documents. D) transaction documents.

LO2.4. Which of the following is an example of source data automation?


A) a utility bill B) POS (point-of-sale) scanners in retail stores
C) a bill of lading D) a subsidiary ledger

LO2.5. Recording and processing information about a transaction at the time it takes
place is referred to as which of the following?
a. batch processing b. online, real-time processing
c. captured transaction processing d. chart of accounts processing
LO3 Describe the ways information is stored in computer-based information
systems.
Multichoice
LO3.1. Identify the statement below that is not true with regards to the accounts
receivable subsidiary ledger.
A) Every credit sale is entered individually into the subsidiary ledger.
B) Debits and credits in the subsidiary ledger must always equal.
C) The subsidiary ledgers play an important role in maintaining the accuracy of the data
stored in the AIS.
D) The total of the subsidiary ledgers must equal the control account.

LO3.2. The general ledger account that corresponds to a subsidiary ledger account is
known as a(n)
A) dependent account. B) control account.
C) credit account. D) attribute account.

LO3.3. Pre-numbered invoices and pre-numbered purchase orders are examples of


A) sequence codes. B) block codes.
C) group codes. D) mnemonic codes.

LO3.4. A chart of accounts is an example of (select all that apply)


A) sequence codes. B) block codes.
C) group codes. D) mnemonic codes.

LO3.5. Product items are often coded with (select all that apply)
A) sequence codes. B) block codes.
C) group codes. D) mnemonic codes.

LO3.6. Which of the following is conceptually similar to a journal in a manual AIS?


A) database B) master file
C) record D) transaction file

LO3.7. Which of the following statements about a master file is false?


A) A master file is conceptually similar to a ledger in a manual AIS.
B) A master file's individual records are rarely, if ever, changed.
C) A master file exists across fiscal periods.
D) A master file stores cumulative information.

LO3.8. Changing an employee's hourly wage rate would be recorded where?


A) employee master file B) employee transaction file
C) special journal D) employee update file
LO5 Discuss how organizations use enterprise resource planning (ERP) systems to
process transactions and provide information.
LO5.1. Which of the following is NOT an advantage of an ERP system?
a. better access control b. standardization of procedures and reports
c. improved monitoring capabilities d. simplicity and reduced costs

LO5.2. In an ERP system, the module used to record data about transactions in the
revenue cycle is called
A) order to cash. B) purchase to pay.
C) financial. D) customer relationship management.

LO5.3. In an ERP system, the module used to record data about transactions in the
disbursement (expenditure) cycle is called
A) order to cash. B) purchase to pay.
C) financial. D) customer relationship management.

LO5.4. All of the following are disadvantages of an ERP system except


A) an ERP provides an integrated view of the organization's data.
B) ERP software and hardware can cost midsized companies between $10 million and
$20 million dollars.
C) ERPs frequently cause organizations to change their business processes to
standardized ones.
D) ERPs are relatively complex.

LO5.5. All of the following are reasons that implementing a new ERP may fail except
A) employees may resist using the ERP system.
B) ERPs can take years to fully implement.
C) employees may refuse to share sensitive information with different departments.
D) ERPs may require procedures and reports to be standardized across business units.

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