11.The following are computerized accounting system modules EXCEPT:
a.human resources module
b.customer return module
c.sales module
d.asset management module
12.A subsidiary account:
a.contains data about individual items
b.has several control accounts
c.must be closed at the end of the year
d.is only used for vendor information
13.Control accounts:
a.are grouped into one subsidiary account
b.are summary accounts
c.contain only customer information
d.are one specific accounts receivable account
14.The general ledger/financial reporting module:
a.produces inventory reports
b.records only subsidiary accounts
c.maintains records for each control account
d.is updated only at the end of the year
15.The components of a computerized accounting system:
a.work independently of each other
b.are updated individually
c.are not linked to one another
d.integrate information functions
16.Each component of an information system:
a.is a self-contained system
b.receives, stores, and processes data
c.is a network
d.only stores information
17.Which of the following statements about computerized accounting systems is NOT true?
a.internal controls are less important than in manual systems since computers perform most of the computations
b.access to the computer system should be restricted
c.data files should be backed up regularly
d.there should be segregation of duties among computer personnel
18.Procedures designed to protect assets and ensure the accuracy of accounting records are known as
a.internal controls
b.closing the books
c.prudent hiring practices
d.retrieval of information from accounting database
19.Good internal controls might help to prevent all of the following events except
a.inaccurate entry of source data
b.bankruptcy of a customer
c.inability to do business after system failure
d.theft of company assets
20.The purpose of internal controls is to
a.ensure that tax returns will be filed in a timely manner
b.ensure that there will be no fraud in the accounting system
c.ensure that production of goods and services will meet market demand
d.protect assets and ensure the accuracy of accounting information