Lecture 2- Information systems and the role and development of information systems and technology in accounting

Description

Highers Accounting and Finance (Year 2) (Business Information Systems) Quiz on Lecture 2- Information systems and the role and development of information systems and technology in accounting, created by George Mariyajohnson on 10/07/2020.
George Mariyajohnson
Quiz by George Mariyajohnson, updated more than 1 year ago
George Mariyajohnson
Created by George Mariyajohnson over 4 years ago
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Resource summary

Question 1

Question
Financial accounting- Provides information to [blank_start]external[blank_end] users, typically in the form of [blank_start]summarised financial reports[blank_end] such as the income statement and statement of financial position. The information is based on [blank_start]historical data[blank_end]; a highly regulated branch of accounting.
Answer
  • external
  • summarised financial reports
  • historical data

Question 2

Question
Management accounting- Concerned with the [blank_start]provision[blank_end] of [blank_start]information[blank_end] to [blank_start]managers[blank_end] to help them make [blank_start]business decisions[blank_end]; management accounting aims to provide more [blank_start]detailed[blank_end] and timely information to [blank_start]internal[blank_end] users of accounting information.
Answer
  • provision
  • information
  • managers
  • business decisions
  • detailed
  • internal

Question 3

Question
One typical user of accounting information is [blank_start]managers[blank_end]. They require accounting information to [blank_start]assist[blank_end] them in [blank_start]decision-making[blank_end]
Answer
  • managers
  • assist
  • decision-making

Question 4

Question
Another typical user of accounting information is [blank_start]investors (shareholders)[blank_end]. They require accounting information on the [blank_start]value[blank_end] of the [blank_start]investment[blank_end] they have made
Answer
  • investors (shareholders)
  • value
  • investment

Question 5

Question
Third typical user of accounting information is [blank_start]employees[blank_end]. They require accounting information on the [blank_start]ability[blank_end] of an [blank_start]organisation[blank_end] to meet their [blank_start]wage/salary[blank_end] expectations
Answer
  • employees
  • ability
  • organisation
  • wage/salary

Question 6

Question
Fourth typical user of accounting information is [blank_start]suppliers[blank_end]. They require accounting information to allow them to [blank_start]assess[blank_end] the [blank_start]likelihood[blank_end] of being [blank_start]repaid[blank_end]
Answer
  • suppliers
  • assess
  • likelihood
  • repaid

Question 7

Question
Fifth typical user of accounting information is [blank_start]customers[blank_end]. They require accounting information to [blank_start]assess[blank_end] the ability of an [blank_start]organisation[blank_end] to continue [blank_start]supplying products/services[blank_end]
Answer
  • assess
  • organisation
  • supplying products/services
  • customers

Question 8

Question
Sixth typical user of accounting information is [blank_start]government & regulatory agencies[blank_end]. They require accounting information to help [blank_start]manage[blank_end] the [blank_start]economy[blank_end], collect taxes, etc
Answer
  • government & regulatory agencies
  • manage
  • economy

Question 9

Question
One feature of enterprise systems is that it is a [blank_start]standard software package[blank_end], offering a level of [blank_start]customisation[blank_end] to enable [blank_start]configuration[blank_end] for most business types
Answer
  • standard software package
  • customisation
  • configuration

Question 10

Question
Another feature of enterprise systems is that it [blank_start]offers[blank_end] a [blank_start]high[blank_end] level of [blank_start]functionality[blank_end] following a [blank_start]process-oriented[blank_end] view of [blank_start]enterprises[blank_end]
Answer
  • offers
  • high
  • functionality
  • process-oriented
  • enterprises

Question 11

Question
Third feature of enterprise systems is that it [blank_start]provides[blank_end] a [blank_start]standardised[blank_end] graphical [blank_start]user interface[blank_end] across all [blank_start]application[blank_end] areas & modules, thereby allowing the user to easily work & [blank_start]learn[blank_end] across modules
Answer
  • provides
  • standardised
  • user interface
  • application
  • learn

Question 12

Question
One way how developments in accounting information [blank_start]systems[blank_end] has affected the roles of [blank_start]accountants[blank_end] in business is that [blank_start]less[blank_end] of the [blank_start]mundane bookkeeping[blank_end]/reporting type of work is done, as [blank_start]software[blank_end] can manage a lot of this work
Answer
  • systems
  • accountants
  • less
  • mundane bookkeeping
  • software

Question 13

Question
Information system- Collection of [blank_start]computer hardware[blank_end] & software that can provide [blank_start]decision-making[blank_end], control or other similar [blank_start]information[blank_end] based on underlying [blank_start]data[blank_end]. [blank_start]People/ humans[blank_end] too are an [blank_start]essential[blank_end] part of an information system
Answer
  • computer hardware
  • decision-making
  • information
  • data
  • People/ humans
  • essential

Question 14

Question
To understand information systems fully, need to be [blank_start]aware[blank_end] of [blank_start]broader organisation[blank_end], [blank_start]people[blank_end] & [blank_start]information technology[blank_end] dimensions & their role in providing [blank_start]solutions[blank_end] to solutions & [blank_start]challenges[blank_end] within business
Answer
  • aware
  • broader organisation
  • people
  • information technology
  • solutions
  • challenges

Question 15

Question
Logical security- Use of [blank_start]software[blank_end] to protect [blank_start]information[blank_end] & [blank_start]data[blank_end]. Basic form of logical security is having [blank_start]user level[blank_end] access controls ([blank_start]passwords[blank_end] & permissions)
Answer
  • software
  • information
  • data
  • user level
  • passwords

Question 16

Question
Organisations use certain [blank_start]technologies[blank_end] to reduce [blank_start]logical security[blank_end] risks such as [blank_start]firewalls[blank_end]. [blank_start]Firewalls[blank_end] are combination of [blank_start]hardware[blank_end] & [blank_start]software[blank_end] to prevent network [blank_start]access[blank_end]
Answer
  • technologies
  • logical security
  • firewalls
  • Firewalls
  • hardware
  • software
  • access

Question 17

Question
[blank_start]Data encryption[blank_end] is another logical security. It is use of [blank_start]crypto graphic techniques[blank_end] to [blank_start]encrypt[blank_end] data & transform human [blank_start]readable[blank_end] information into [blank_start]unreadable[blank_end] form
Answer
  • Data encryption
  • crypto graphic techniques
  • encrypt
  • readable
  • unreadable

Question 18

Question
Physical security - [blank_start]Physical measures[blank_end] to prevent [blank_start]access[blank_end] to data & or information systems. Basic form is considering how people [blank_start]access buildings[blank_end], computers, [blank_start]database servers[blank_end] are being kept
Answer
  • Physical measures
  • access
  • access buildings
  • database servers

Question 19

Question
If organisation has sensitive data, they might use other approaches such as [blank_start]motion sensors[blank_end] or [blank_start]biometric[blank_end] type of authentication for [blank_start]accessing[blank_end] some of their [blank_start]facilities[blank_end]
Answer
  • motion sensors
  • biometric
  • accessing
  • facilities

Question 20

Question
Two common principles of data protection is an [blank_start]organisation[blank_end] must [blank_start]obtain[blank_end] & [blank_start]process[blank_end] data [blank_start]fairly[blank_end] & data must be [blank_start]obtained[blank_end] for one or more [blank_start]specified[blank_end] & [blank_start]lawful[blank_end] purposes
Answer
  • organisation
  • obtain
  • process
  • fairly
  • obtained
  • specified
  • lawful

Question 21

Question
Another two common principles of data protection is [blank_start]data[blank_end] must be processed in ways [blank_start]compatible[blank_end] with purposes for which it was [blank_start]obtained[blank_end] & [blank_start]data[blank_end] must be kept [blank_start]safe[blank_end], secure, [blank_start]accurate[blank_end] & up-to-date
Answer
  • data
  • compatible
  • obtained
  • data
  • safe
  • accurate

Question 22

Question
Final three common principles of data protection is any [blank_start]data[blank_end] obtained must be [blank_start]adequate[blank_end], relevant & not [blank_start]excessive[blank_end], [blank_start]data[blank_end] should not be retained for [blank_start]longer than[blank_end] necessary & if any individual [blank_start]request[blank_end] information on data held on them, this [blank_start]information[blank_end] must be given
Answer
  • data
  • adequate
  • excessive
  • data
  • longer than
  • request
  • information

Question 23

Question
Business continuity planning (or disaster recovery planning)- [blank_start]Refers[blank_end] to [blank_start]policies[blank_end] & [blank_start]procedures[blank_end] to reinstate [blank_start]normal business[blank_end] in event of business [blank_start]disruption[blank_end]
Answer
  • Refers
  • policies
  • procedures
  • normal business
  • disruption

Question 24

Question
Level of business continuity planning for information systems depends on [blank_start]type of business[blank_end]
Answer
  • type of business

Question 25

Question
Purchased business continuity planning solution is [blank_start]typical[blank_end] & [blank_start]good[blank_end] practice for [blank_start]larger organisations[blank_end] & essential for [blank_start]online business[blank_end]
Answer
  • typical
  • good
  • larger organisations
  • online business

Question 26

Question
Key tasks of accounting are [blank_start]capturing information[blank_end], [blank_start]measuring[blank_end] it & [blank_start]communicating[blank_end] it
Answer
  • capturing information
  • measuring
  • communicating

Question 27

Question
Developments in [blank_start]software architecture[blank_end] have allowed [blank_start]accounting information systems[blank_end] to become more [blank_start]flexible[blank_end] over time
Answer
  • software architecture
  • accounting information systems
  • flexible

Question 28

Question
Three tier architecture includes [blank_start]presentation layer[blank_end] (what [blank_start]user[blank_end] sees in system & [blank_start]interact[blank_end] with it), [blank_start]business logic layer[blank_end] ([blank_start]encodes[blank_end] how business works) & [blank_start]data layer[blank_end] (how data is [blank_start]stored[blank_end], organised, processed & [blank_start]accessed[blank_end])
Answer
  • presentation layer
  • user
  • interact
  • business logic layer
  • encodes
  • data layer
  • stored
  • accessed

Question 29

Question
SAP R1(software architecture) had all [blank_start]three layers[blank_end] (presentation, business logic & data) contained in [blank_start]single system[blank_end] which made [blank_start]customisation[blank_end] difficult
Answer
  • three layers
  • single system
  • customisation

Question 30

Question
SAP R2 (software architecture) had [blank_start]presentation layer[blank_end] separated, as [blank_start]software[blank_end] (data & business logic layers) were designed to [blank_start]run[blank_end] on mainframe computer, with [blank_start]user[blank_end] interacting through [blank_start]dumb terminal[blank_end] (presentation) layer. Little [blank_start]customisation[blank_end] at [blank_start]presentation[blank_end] layer, but at least [blank_start]data[blank_end] & [blank_start]business logic layers[blank_end] could be worked on independently
Answer
  • presentation layer
  • software
  • run
  • user
  • dumb terminal
  • customisation
  • presentation
  • data
  • business logic layers

Question 31

Question
SAP R3 (software architecture) [blank_start]split[blank_end] SAP architecture into [blank_start]three[blank_end] distinct [blank_start]layers[blank_end] in client server environment. [blank_start]Presentation[blank_end] layer was on personal computer & could be [blank_start]customised[blank_end] by users without any [blank_start]effect[blank_end] on underlying [blank_start]business logic[blank_end] or [blank_start]data layers[blank_end]. Business logic & data layers reside on separate servers
Answer
  • split
  • three
  • layers
  • Presentation
  • customised
  • effect
  • business logic
  • data layers

Question 32

Question
QuickBooks has [blank_start]one-tier[blank_end] architecture but it [blank_start]mimics two-tier[blank_end] architecture. User can [blank_start]customise[blank_end] what they do ([blank_start]presentation[blank_end] layer) without [blank_start]interfering[blank_end] with underlying [blank_start]business logic[blank_end] or [blank_start]data[blank_end] layer
Answer
  • one-tier
  • mimics two-tier
  • customise
  • presentation
  • interfering
  • business logic
  • data

Question 33

Question
Ways how developments in accounting information systems has affected roles of accountants in smaller businesses is practises of [blank_start]bookkeeping[blank_end] & [blank_start]tax returns[blank_end] have been [blank_start]automated[blank_end] using accounting software & use of [blank_start]cloud-based software[blank_end] has offered more [blank_start]flexibility[blank_end]
Answer
  • bookkeeping
  • tax returns
  • automated
  • cloud-based software
  • flexibility

Question 34

Question
Ways how developments in accounting information systems has affected roles of accountants in larger businesses is role of [blank_start]management[blank_end] accountants become more [blank_start]analytical[blank_end], [blank_start]devolved accounting[blank_end] responsibility & more [blank_start]standardised[blank_end] accounting processes
Answer
  • management
  • analytical
  • devolved accounting
  • standardised
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