Deck 4: Accounting Systems and Business Processes

Question 1

An event typically associated with the vendor module of a baseline accounting system is

A)Create invoices
B)Receive payments
C)Make deposits
D)Enter bills

Answer 1

D

Question 2

An event typically NOT associated with the employee module of a baseline accounting system is

A)Pay bills
B)Pay payroll liabilities
C)Calculate payroll
D)Enter time

Answer 2

A

Question 3

The customers module in the baseline accounting system corresponds to the sales transaction cycle.

Answer 3

True

Question 4

The ________ module in a baseline accounting system consists of other activities and transactions that do not fall into the other modules.

Question 5

A well-designed chart of accounts does not use a coding system for account numbers.

Question 6

What accountants refer to as transaction cycles IT professions call ________.

Question 7

Since most accounting systems use databases to store accounting data, the account balances are calculated using various database tables.

Question 8

Since a baseline accounting system is already developed, the time line for developing a system can be accelerated.

Question 9

What IT professionals call transaction cycles, accountants refer to as business processes.

Question 10

By studying a ________, you will be able to quickly understand the business processes for most companies.

Question 11

When adapting an organization's business practices to meet a baseline system's process requires extensive changes, ________ may be needed to reduce stress and employee turnover.

Question 12

Some of the benefits of using an off-the-shelf accounting system are lower cost, tighter security, and scalability.

Question 13

In a baseline accounting system, the pay bills business process is included in the ________ module.

Question 14

In a baseline accounting system, the business processes that involve cash received and cash paid are included in the ________ module.

Question 15

The vendors module in the baseline accounting system correspond to the sales transaction cycle.

Question 16

An event typically associated with the customer module of a baseline accounting system is

A)Make deposits
B)Create purchase orders
C)Receive inventory
D)Pay bills

Question 17

What are the advantages of configuring or customizing a baseline accounting system?

Question 18

An event typically associated with the banking module of a baseline accounting system is

A)Make adjusting entries
B)Write checks
C)Make deposits
D)Receive payments

Question 19

An advantage of customizing a baseline accounting system is

A)The lack of standardization
B)Adapting existing business processes to meet the baseline system may require extensive changes
C)The time line for developing a system can be accelerated, significantly reducing the time required from start to finish
D)Change management may be needed to reduce stress and employee turnover

Question 20

What are the disadvantages of configuring or customizing a baseline accounting system?

Question 21

A rounded rectangle on a flowchart indicates a(n)________.

Question 22

________ provides a mapping standard for bridging the gap between IT professionals and business users, such as accountants.

Question 23

In a flowcharts, a(n)________ indicates a decision.

Question 24

When a new accounting system is developed, companies rarely streamline business processes to improve effectiveness.

Question 25

What are the transactions typically associated with customers? Please define each transaction.

Question 26

What are the transactions typically associated with employees? Please define each transaction.

Question 27

What are the transactions typically associated with vendors? Please define each transaction.

Question 28

________ do not always provide the level of detail that IT professionals need to develop accounting systems.

Question 29

Software engineers may use flowcharts during audits to map systems they are auditing.

Question 30

A ________ diagrams step-by-step the activities performed in a process.

Question 31

A flowchart can show up to five levels of detail.

Question 32

Describe the four business mapping standards discussed in the text. What are their advantages and disadvantages?

Question 33

An event typically NOT associated with the financial module of a baseline accounting system is

A)Closing entries
B)Adjusting entries
C)Record deposits
D)Correcting entries

Question 34

Which of the following business mapping standards graphically describes processes and data flows using hundreds of symbols?

A)Flowcharts
B)Unified Modeling Language
C)Business Process Model and Notation 2.0
D)Data flow diagrams

Question 35

In a flowchart, a rectangle indicates a(n)________.

Question 36

What are the transactions or events typically associated with the financial module of a baseline accounting system?

Question 37

Flowcharts are well suited for programming development because of the ability to chart a series of steps and decisions involved in a process that can be converted to programming code.

Question 38

In a flowchart, a(n)________ indicates a process flow.

Question 39

What are the transactions typically associated with the banking module of a baseline accounting system?

Question 40

Which of the following business mapping standards graphically describes processes and data flows using only four symbols?

A)Flowcharts
B)Unified Modeling Language
C)Business Process Model and Notation 2.0
D)Data flow diagrams

Question 41

The specifications for the BPMN is maintained by

A)AICPA
B)GAAP
C)OMG
D)Wheat Commission

Question 42

BPMN 2.0 was developed as an easily understandable, standardized language to communicate business processes effectively between all business users and IT professionals.

Question 43

In a BPMN diagram, which symbol represents a start event?

A)

B)

C)

D)

Question 44

In a flowchart, which symbol represents a process flow?

A)

B)

C) $\longrightarrow$


D)

Question 45

In BPMN 2.0 an event is represented by a rounded rectangle.

Question 46

Object Management Group, Inc. (OMG)is a not-for-profit industry standards consortium that maintains specifications including UML and BPMN.

Question 47

In a flowchart, which symbol represents a start/end?

A)

B)

C)

D)

Question 48

In BPMN 2.0 a gateway is represented by a triangle.

Question 49

A BPMN diagram may be used as a ________ for streamlining a current or proposed accounting system.

Question 50

________ and ________ are rectangles used to group and organize activities in a BPMN diagram.

Question 51

A data object may be a document or data record.

Question 52

In BPMN 2.0 a data flow is represented by an arrow with a solid line.

Question 53

BPMN 2.0 uses symbols to map events, activities, and agents.

Question 54

A BPMN diagram may be used as ________ to describe the current accounting system.

Question 55

A BPMN diagram may be used as a(n)________ to describe a new, proposed accounting system.

Question 56

Gateways are used for forking and merging process flows.

Question 57

Pools represent major participants in the process and are often used to identify separate organizations.

Question 58

In a flowchart, which symbol represents a decision?

A)

B) $\longrightarrow$



C)

D)

Question 59

How many levels of detail may be shown in a flowchart?

A)1 level
B)2 level
C)3 levels
D)4 levels

Question 60

In a BPMN diagram, which symbol represents an intermediate event?

A)

B)

C)

D)

Question 61

In a BPMN diagram, which symbol represents a data flow?

A) $\dashrightarrow$
B) $\longrightarrow$
C)
D)

Question 62

In a BPMN diagram, which symbol represents a data store?

A)
B)
C)
D)

Question 63

Books Ga'Lore! Create Invoice BPMN
List all the data stores in the the Books Ga'Lore! BPMN diagram.

Question 64

Books Ga'Lore! Create Invoice BPMN
List all the pools and swim lanes in the the Books Ga'Lore! BPMN diagram. Specify if it is a pool or swim lane.

Question 65

In a BPMN diagram, which symbol represents a sub-process?

A)
B)
C)
D)

Question 66

In a BPMN diagram, which color is a start event?

A)Green
B)Red
C)Yellow
D)White

Question 67

Books Ga'Lore! Create Invoice BPMN
In a BPMN diagram, define an event. How is an event represented?

Question 68

In a BPMN diagram, which symbol represents a pool?

A)

B)

C)

D)

Question 69

Books Ga'Lore! Create Invoice BPMN
In a BPMN diagram, define an activity. How is an activity represented?

Question 70

In a BPMN diagram, which symbol represents an event?

A)
B)
C)
D) $\dashrightarrow$

Question 71

In a BPMN diagram, which symbol represents a gateway?

A)

B) $\dashrightarrow$

C)

D)

Question 72

Books Ga'Lore! Create Invoice BPMN
List all the processes in the the Books Ga'Lore! BPMN diagram.

Question 73

Books Ga'Lore! Create Invoice BPMN
List all the data objects in the Books Ga'Lore! BPMN diagram.

Question 74

In a BPMN diagram, which symbol represents an activity?

A)
B)
C)
D) $\longrightarrow$

Question 75

Books Ga'Lore! Create Invoice BPMN
List all the gateways in the the Books Ga'Lore! BPMN diagram.

Question 76

In a BPMN diagram, which color is a process?

A)Green
B)Red
C)Yellow
D)White

Question 77

How may a BPMN diagram be used?

Question 78

In a BPMN diagram, which symbol represents a data object?

A)

B)

C)

D)

Question 79

In a BPMN diagram, which color is an intermediate event?

A)Green
B)Red
C)Yellow
D)White

Question 80

What are the steps to read a BPMN diagram?