Computerised Accounting System Test 4

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Computerised Accounting System Test 4

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Weekly Quiz Competition

Question 1
1 / -0

The software must be capable of attracting users, and if it requires simple training should be able to motivate its potential users.

This Statement is true for which of the following factor taken in considerations before sourcing an accounting software.

A
Flexibility

B
Ease of adaption and training needs

C
Size of organization

D
Expected level of secrecy

Solution

Ease of adaptation and training needs is one of the factor which required for taken in consideration before sourcing an accounting software. Some accounting software is user-friendly, requiring a simple training to the users. The software must be capable of attracting users and if its requiring simple training should be able to motivate its potential users.
Question 2
1 / -0

Which of the following activities would most likely be performed by EDP department?

A
Authorising transactions

B
Parity checks

C
Distributing output

D
Correction to transactional errors
Question 3
1 / -0

Which of the following is not an advantage of a computerized accounting system?

A
Computers process transaction uniformly.

B
Computers help eliminate human errors.

C
Computers can process many transactions quickly.

D
Computers leave a thorough audit trail which can be easily followed.
Solution
The main advantages of using a computer accounting program are as follows:
1. Faster Processing
2. Accurate information
3. Reliability
4. Elimination of human errors
5. Up-to-date information
6. Efficiency in task processing
7. Storage and retrieval of information
8. Automated document production
Hence, option (d) is correct.
Question 4
1 / -0

To avoid invalid data input, a bank added an extra number at the end of each account number and subjected the new number to an algorithm. This techniques is known as _________.

A
dual read

B
test for reasonableness

C
check digit

D
occurrence correction
Question 5
1 / -0

When computer programs or files can be accessed from terminals, such access can be limited to authorized individuals by ________.

A
appointing a librarian

B
controlling passwords

C
appointing EDP auditor

D
both (A) and (B)

Solution

To control/limit the access of computer programs, the following procedures may be adopted:
1. Maintaining physical site security.
2. Maintaining login control.
3. Monitoring system usage.
4. Setting the path variable correctly.
5. Installing a firewall.
Question 6
1 / -0

An important consideration before sourcing an accounting software is flexibility.

This Statement is true for which of the following factor taken in considerations before sourcing an accounting software.

A
Flexibility

B
Ease of adaption and training needs

C
Size of organization

D
Expected level of secrecy

Solution

An important consideration before sourcing an accounting software is flexibility, viz. data entry and the availability and design of various reports expected from it. Flexibility is one of the factor which is taken into consideration before sourcing an accounting software.
Question 7
1 / -0

The accounting software is generally tailored in ______ business organisations with multi users and geographically scattered locations.

A
snall

B
large

C
medium

D
none of the above
Question 8
1 / -0

Ready-to-use accounting software is suited to organisations running _______ business where the frequency or volume of accounting transactions is very low.

A
small

B
large

C
medium

D
both a and b
Question 9
1 / -0

The cost of installation and maintenance is relatively _______ in customised accounting package.

A
low

B
medium

C
equal

D
high
Question 10
1 / -0

Which of the following statement is not distinguishing feature for computer based processing and manual processing?

A
Errors in a CIS environment are less systemic as compared to errors in manual processing

B
The potential for human error in the CIS environment is greater as compared to manual system

C
In a computer based accounting system, audit trail is in electronic form

D
Computer processing offers management a variety of analytical tools.

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Re-Attempt Weekly Quiz Competition

Computerised Accounting System Test 4

Result

Computerised Accounting System Test 4

Score

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Rank

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SHARING IS CARING

Question 1

Flexibility

Ease of adaption and training needs

Size of organization

Expected level of secrecy

Solution

Question 2

Authorising transactions

Parity checks

Distributing output

Correction to transactional errors

Question 3

Computers process transaction uniformly.

Computers help eliminate human errors.

Computers can process many transactions quickly.

Computers leave a thorough audit trail which can be easily followed.

Solution

Question 4

dual read

test for reasonableness

check digit

occurrence correction

Question 5

appointing a librarian

controlling passwords

appointing EDP auditor

both (A) and (B)

Solution

Question 6

Flexibility

Ease of adaption and training needs

Size of organization

Expected level of secrecy

Solution

Question 7

snall

large

medium

none of the above

Question 8

small

large

medium

both a and b

Question 9

low

medium

equal

high

Question 10

Errors in a CIS environment are less systemic as compared to errors in manual processing

The potential for human error in the CIS environment is greater as compared to manual system

In a computer based accounting system, audit trail is in electronic form

Computer processing offers management a variety of analytical tools.

User

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