Scribd
Upload
40 views

CIS_Quiz6

The document contains a quiz on Transaction Processing Systems and Financial Reporting Systems, including true/false and multiple-choice questions. It addresses concepts such as data redundancy, financial reporting processes, and system design techniques. The quiz also covers the differences between various systems and coding schemes used in financial documentation.

Uploaded by

fhaizelyn
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
40 views

CIS_Quiz6

The document contains a quiz on Transaction Processing Systems and Financial Reporting Systems, including true/false and multiple-choice questions. It addresses concepts such as data redundancy, financial reporting processes, and system design techniques. The quiz also covers the differences between various systems and coding schemes used in financial documentation.

Uploaded by

fhaizelyn
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 3

CIS QUIZ CHAPTER 6 : Transaction Processing System and Financial Reporting System

True or False

1. False. A well-designed transaction processing system can prevent all forms of data redundancy in
financial records.

(Data redundancy can often be minimized but not entirely eliminated, depending on the system's
design.)

2. False: Financial Reporting Systems are typically designed to handle high transaction volumes and
provide real-time updates to financial statements. (FRS primarily focuses on generating periodic
reports rather than handling high transaction volumes in real-time.)

3. False. The general journal is used to record recurring transactions that are similar in nature.
(specialized journal)

4. True. Program flow charts are used to describe the logic represented in system flowcharts.

5. False. Real-time processing in systems that handle large volumes of transactions each day can create
operational efficiencies. (inefficiencies)

6. True. Two commonly used systems design and documentation techniques are the entity relationship
diagram and the data flow diagram.

7. False. A system with codes for documentation relies on detailed, descriptive text instead of codes or
abbreviations for recording transactions, accounts, or financial processes. (System without codes)

8. True. Real-Time Systems process transactions individually at the moment the event occurs.

9.True. The first step in Financial reporting process is identifying and analyzing transactions.

10. False . In XBRL process, Tagging is the process of linking the items in a financial statement to the
corresponding elements in an XBRL taxonomy. (Mapping)
Multiple Choice

1. This cycles involves managing a company’s purchases of goods and services and handling payments
to suppliers.

a. Revenue Cycle

b. Conversion Cycle

c. Expenditure Cycle

d. None of the above

2. Which of the following is not true?

a. Infrequent transactions are recorded in the general journal


b. Transactions are recorded on source documents and are posted to journals
c. Frequent transactions are recorded in special journals
d. Transactions are recorded in journals and are posted to ledgers

3. Which of the following is a turnaround document?

a. Payroll check
b. Purchase order
c. Sales order
d. Remittance advice

4. The order of the entries made in the ledger is by

a. Account number
b. Transaction number
c. Date
d. Customer number

5. In a computerized environment, a list of authorized suppliers would be found in the

a. Transaction file
b. Master file
c. Reference file
d. Archive file
6. What is the term for the number of instances of one entity that can be associated with instances of
another entity?

a. Degree
b. Attribute
c. Participation
d. Cardinality

7. What is a key difference between DFDs and ERDs?

a. DFDs depict database schemas; ERDs depict data flow


b. DFDs focus on the flow of data; ERDs focus on data relationships
c. DFDs are used for financial analysis; ERDs are used for process design
d. DFDs and ERDs are essentially the same

8. Sequential access means that

a. The address of the location of data is found through the use of either an algorithm or an index
b. To read any record on the file, all of the preceding records must first be read
c. Data are stored on magnetic tape
d. Each record can be accessed in the same amount of time

9. A coding scheme in the form of acronyms and other combinations that convey meaning is a(n)

a. Sequential code
b. Mnemonic code
c. Alphabetic code
d. Block code

10. Real-time systems might be appropriate for all of the following except

a. Air traffic control systems


b. Point of sale transactions
c. Payroll systems
d. All of these applications typically utilize real-time processing

You might also like