COLLEGE OF BUSINESS AND ACCOUNTANCY

COMPUTER ACCOUNTING 1 LECTURE

FINAL EXAMINATION

May 19, 2016

THURSDAY, 4:30PM-6:30PM

Name:
I. IDENTIFICATION
1. This tends to be a general-purpose system that serve a wide
range of needs.
2. Connecting to this exposes the organization to threats such as
transaction fraud.
3. This account is no longer maintained when using POS systems.
4. This involves using technology to improve the efficiency and
effectiveness of a task.
5. He converts hard-copy shipping notices to digital form to
produce a transaction file of sales orders.
6. Under this, sales clerks receiving order from customers
process each transaction separately as it is received.
7. This is where the customer's payments and remittance advices
are opened.
8. This is done by a representative from the controller's office.
9. What is the objective of transaction authorization under the
revenue cycle?
10. What is the objective of independent verification under the
revenue cycle?
11. This is the procedure where proper accounting and reconciling
of financial details of a transaction occur.
12. This document is the authorization for the customers to
receive credit for merchandise returned.
13. Which function updates the inventory subsidiary ledger?
14. A formal contract between the seller and the carrier.
15. This triggers the continuation of the sales process.
16. This involves the transfer of assets or service from seller
to buyer.
17. This is an appraisal function housed within the organization.
18. This is an information model that enables an organization to
automate and integrate its key business processes.
19. They are defined as the objects that are both scarce and
under the control of the enterprise.
20. These are phenomena that affect changes in resources.
21. They are individuals and departments that participate in an
economic event.
22. This is a special software system that is programmed to know
which data elements each user is authorized to access.
23. Give the other name for flat-file model.
24. This involves reorganizing the IT function into small
information processing units.
25. They are responsible for analyzing user needs and for
designing new systems to satisfy those needs.
26. They manage the computer resources used to perform the dayto-day processing transactions.
27. This rest heavily on the concept of accounting independence.
28. What is the objective of materials management?
29. This is a form of output that is sent back to the system as a
source data.
30. This involves the fundamental tasks of storage, retrieval and
deletion.
31. This is a system that allows firms to be more responsive to
market demands.
`32. This is a computer-controlled conveyor systems that carry raw

33.
34.
35.
36.
37.
38.
39.
40.

materials from stores to the shop floor and finished products

to the warehouse.
What do islands of technology employ?
This is the result of the success of pull processing
This is the heart of lean manufacturing philosophy
What is the objective of EOQ?
This records work done in each work center
Who submits the negotiable checks to management?
This is a group of subsystems with a common purpose
This is the process of dividing the system into smaller
subsystems.

II. ENUMERATION
1-6 What are the purchases processing procedures? (in order)
7-10 What are the improvements under the reengineering system?
11-13 Why is there a need to have a specialized procedure in payroll processing?
14-17 What are the documents necessary for the audit of payroll?
18-20 What are the improvements under the reengineered payroll system?