World Bright College, College of Business and Economics

Department of Accounting and Finance

Accounting Information system Final Exam, Time allowed 60 minutes
Program: Degree
Part I . Say True if the statement is correct and false if the statement is incorrect
1. The expenditure cycle includes the only acquisition of goods for resale or use in
production?
2. The receipt of goods and the recording of the cost of inventory was the includes of
Revenue cycle operation?
3. Payroll system involves only one phases of payroll processing and personnel
reporting?
4. Periodic inventor records are the best source of the inventory information
necessary to calculate the EOQ?
5. Organizational culture is the only one Factors Influencing Design of AIS?
6. Fixed assets are intangible properties such as land, buildings, machinery,
equipment, and furniture that are used in the normal conduct of a business?
7. Just-in time (JIT) production is a term used to describe a production system in
which parts are produced only as they are required in subsequent operations
8. A computerized inventory control system can result in a substantial reduction in
inventory investment?
9. Reorder point = lead time x average inventory usage rate?
10. All investment transaction should be duly authorized and documented?

Part II. Multiple choices

11.______________refers Installing the system, training, personnel, and making the
system wholly operational?
A) Implementation C) Analysis
B) Design D) Follow –up
12. Which one is not Factors Influencing Design of AIS?
A) Technology C) Organizational structure

B) Strategy D) None of the Above

13. From the following which one is not depreciable asset?
A) Equipment C) Land
B) Furniture D) Machinery
14. Which one is not tangible asset?
A) Furniture C) Land
B) Account receivable D) Account Payable
15.______________is responsible for the actual computation and preparation of
payroll?
A) Payroll Department C) Personnel Department
B) Time keeping Department D)All of The Above
16. ________________system focus on the management of manufacturing
inventories: materials, work-in process (WIP), and finished goods?
A) Managerial Accounting C) Financial Accounting
B) Cost Accounting D) All of the above
17. Form the following which one Deal with Creating forms, documents,
procedures, job descriptions, and reports?
A) Follow –up C) Design
B) Implementation D) Analysis
Part III Essay Part
Part Two: Short Answer( 7.5 points)
1. List down at least five transactions handled and required by Human
resource/payroll?
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2. What are the types of information needed for the decision making in business
organization?
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_____________________________________________________________________
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3. What are the components of transactions in production cycle?
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4. What are the reporting cycles for internal and external parties of business cycles?
_____________________________________________________________________
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4
18. Part Two: Short Answer( 7.5 points)
1. List down at least five transactions handled and required by Human
resource/payroll?
_____________________________________________________________________
_________
_____________________________________________________________________
_________
_____________________________________________________________________
_________
_____________________________________________________________________
_________
_____________________________________________________________________
_________
_____________________________________________________________________
________
2. What are the types of information needed for the decision making in business
organization?
_____________________________________________________________________
_________
_____________________________________________________________________
_________
_____________________________________________________________________
_________
_____________________________________________________________________
_________
_____________________________________________________________________
_____
3. What are the components of transactions in production cycle?
_____________________________________________________________________
_________
_____________________________________________________________________
_________
_____________________________________________________________________
_________
_____________________________________________________________________
_________
_____________________________________________________________________
_________
_____________________________________________________________________
_________
_____________________________________________________________________
_________
_____________________________________________________________________
___
4. What are the reporting cycles for internal and external parties of business cycles?
_____________________________________________________________________
_________
_____________________________________________________________________
_________
_____________________________________________________________________
_________
_____________________________________________________________________
_________
_____________________________________________________________________
_________
_____________________________________________________________________
_________
_____________________________________________________________________
_______
4
18. What are the types of information needed for the decision making in business
organization?
19. Give some examples of strategic and operational decisions that need to be made in
the expense cycle and what information is required to make these decisions?
20. List 5 major threats that present themselves in the expense cycle and the controls
that can be activated to mitigate those threats?