AI

Sact2(
TPS)

Quest
ion1

Si
mil
art
ypesoft
ransact
ionsar
egr
ouped

t
oget
heri
ntot
hreet
ransact
ioncy
cles.

Sel
ectamongt
hechoi
cesbel
owt
hei
tem

whi
chdoesnotf
itwi
tht
hest
atementabov
e.

Response:
Manuf
act
uri
ngcy
cle

Edi
t

Quest
ion2

ETheor
deroft
heent
ri
esmadei
nthe

gener
alj
our
nal
isby

Response:
dat
e

Edi
t

Quest
ion3

EWhi
chsy
stem i
snotpar
toft
he

expendi
tur
ecy
cle?

Response:
product
ionpl
anni
ng/
cont
rol

Edi
t
Quest
ion4

EDat
afl
owdi
agr
ams

Response:
depi
ctl
ogi
cal
taskst
hatar
ebei
ng

per
for
med,
butnotwhoi
sper
for
mingt
hem

Edi
t

Quest
ion5

Al
loft
hef
oll
owi
ngcanpr
ovi
deev
idenceof

aneconomi
cev
entexcept

Response:
mast
erdocument

Edi
t
Quest
ion6

Whyi
stheaudi
ttr
ail
impor
tant
?

Response:
Audi
ttr
ail
impor
tantsi
mpl
y

becausei
tal
l
owsy
out
otr
aceanent
ryf
rom i
ts

sour
cet
oit
sdest
inat
ion.
Thi
spr
eventt
her
isk

off
raudbypr
ovi
ngt
hev
ali
dit
yofa

t
ransanct
iont
hroughat
rai
lofdocument
sthat

ensur
eanaccount
ingt
ransanct
ion.
lI
fyoul
ost

t
ransanct
ionsanaudi
ttr
ail
wil
lhel
pyout
o

t
rackdownt
ransanct
ion.
Audi
ttr
ail
alsohel
ps

t
hebusi
nessi
nmaki
ngdeci
sionsespeci
all
yin

r
econci
l
ingaccount
s,pl
anni
ngabusi
ness

budgetandmosti
mpor
tant
lyi
nmanagi
ng

r
isks.

Edi
t
Quest
ion7

Whi
choft
hef
oll
owi
ngi
sanar
chi
vef
il
e?

Response:
afi
l
eofaccount
srecei
vabl
ethat

hav
ebeenwr
it
tenof
f

Edi
t

Quest
ion8

Aj
our
nal
isusedi
nmanual
account
ing

env
ironment
s.Whatf
il
eiscompar
abl
etoa

j
our
nal
inacomput
eri
zedenv
ironment
?

Response:
transact
ionf
il
e

Edi
t

Quest
ion9

-
--

usedt
ocapt
ureandf
ormal
i
ze

t
ransact
iondat
aneededf
ort
ransact
ion

pr
ocessi
ng

Response:
Sour
cedocument
s

Edi
t

Edi
t
Quest
ion10

Documentf
lowchar
ts

Response:
il
lust
rat
ether
elat
ionshi
pbet
ween

pr
ocesses,
andt
hedocument
sthatf
low

bet
weent
hem andt
ri
ggeract
ivi
ti
es

Edi
t

Quest
ion11

Whi
cht
ypeofgr
aphi
cal
document
ati
on

r
epr
esent
ssy
stemsatdi
ff
erentl
evel
sof

det
ail
?

Responsedat
afl
owdi
agr
am

Edi
t

Quest
ion12

Whi
chaccounti
sleastl
i
kel
ytohav
ea

subsi
diar
yledger
?

Response:
sal
es

Edi
t
Quest
ion13

Af
il
ethatst
oresdat
ausedasast
andar
d

whenpr
ocessi
ngt
ransact
ionsi
s

Response:
aref
erencef
il
e

Edi
t

Quest
ion14

Whi
chdocumenti
snotat
ypeofsour
ce

document
?

Response:
apay
check

Edi
t

Quest
ion15

Thechar
act
eri
sti
cst
hatdi
sti
ngui
sh

bet
weenbat
chandr
eal
-t
imesy
stemsi
ncl
ude

al
loft
hef
oll
owi
ngexcept

Response:
fil
efor
mat

Edi
t
Quest
ion16

Whi
choft
hef
oll
owi
ngi
sat
urn-
around

document
?

Response:
remi
tt
anceadv
ice

Edi
t

Quest
ion17

Theor
deroft
heent
ri
esmadei
nthel
edger

i
sby

Response:
accountnumber

Edi
t
Quest
ion18

I
ncont
rastt
oar
eal
-t
imesy
stem,
ina

bat
chpr
ocessi
ngsy
stem

Response:
ther
eisal
agbet
weent
het
imne

whent
heeconomi
cev
entoccur
sandt
he

f
inanci
alr
ecor
dsar
eupdat
ed

Edi
t

Quest
ion19

Themosti
mpor
tantpur
poseofat
urn-

ar
ounddocumenti
sto

Response:
ser
veasasour
cedocument

Edi
t

Quest
ion2Quest
ion20

Bot
hther
evenueandt
heexpendi
tur
e

cy
clecanbev
iewedashav
ingt
wokeypar
ts.

Thesear
e

Response:
phy
sical
andf
inanci
al

Edi
t
Quest
ion21

i
saneconomi
cev
entt
hataf
fect
s

t
heasset
sandequi
ti
esoft
hef
ir
m,i
sref
lect
ed

i
nit
saccount
s,andi
smeasur
edi
nmonet
ary

t
erms.

Response:
Financi
alt
ransanct
ion,
Fi
nanci
alt
ransanct
ions

Edi
t

Quest
ion22

I
ngener
alaspeci
alj
our
nal
woul
dnotbe

usedt
orecor
d

Response:
depr
eci
ati
on

Edi
t

Quest
ion23

EWhi
chsy
stem pr
oducesi
nfor
mat
ionused

f
ori
nvent
oryv
aluat
ion,
budget
ing,
cost

cont
rol
,per
for
mancer
epor
ti
ng,
andmake-
buy

deci
sions?

Response:
costaccount
ing

Edi
t
Quest
ion24

ASequent
ial
stor
agemeans

Cor
rectanswer
:dat
aisst
oredont
ape

Quest
ion25

Subsi
diar
yledger
sar
eusedi
nmanual

account
ingenv
ironment
s.Whatf
il
eis

compar
abl
etoasubsi
diar
yledgeri
na

Comput
eri
zedenv
ironment
?

Response:
mast
erf
il
e

Edi
t

Quest
ion26

I
ncont
rastt
oabat
chpr
ocessi
ngsy
stem,
in

ar
eal
-t
imesy
stem

Cor
rectanswer
:pr
ocessi
ngt
akespl
aceswhent
he

economi
cev
entoccur
s