D217 - Accounting Information Systems

Question 41: What is the primary purpose of a control total in transaction processing?

To organize data in sequence

To verify that all records have been processed correctly

To provide historical data for audits

To manage system access control

Question 42: What is the key responsibility of an external auditor?

To maintain payroll records

To determine the validity, accuracy, and completeness of financial data

To process journal entries

To manage accounts payable

Question 43: What process involves updating master files using transaction files in accounting systems?

Database indexing

File sequencing

Master file updating

Transaction processing

Question 44: What type of backup technique is used to protect data stored in sequential master files?

Archive storage

Firewall replication

Grandfather-father-son backup

Database snapshot

Question 45: What is a block code commonly used for in accounting systems?

To prevent unauthorized access

To summarize financial transactions

To assign specific ranges of values for data attributes

To store customer tax records

Question 46: What does a depreciation report contain?

Details of inventory movements

Payroll records

Fixed asset acquisitions and depreciation details

Sales orders

Question 47: What role do access tests play in transaction processing systems?

To confirm that mathematical calculations are correct

To ensure only authorized users can enter the system

To verify that transactions are processed completely

To track sales performance

Question 48: What is the primary focus of physical internal controls in an organization?

To manage network traffic

To authorize and verify transactions

To safeguard physical assets and restrict access

To control access to digital systems

Question 49: What type of audit approach does not require detailed knowledge of an application's internal logic?

Redundancy audit

Black box audit approach

Validity audit

Sequential audit

Question 50: What is the role of completeness tests in transaction processing systems?

To ensure that no transactions are repeated

To identify missing records in a batch of transactions

To store historical transaction data

To validate transaction approval

D217 Accounting Information Systems - Set 3 - Part 3