Accounting Information Systems
1. (TCO F) Identify what tools are used to assess organizational performance and explain they are used.
2. (TCO G) Discuss redundancy as it applies to database design, and explain how redundancy can be reduced.
3. (TCO H) Provide an argument in support of a companys decision to outsource its information system.
ACCT571 Final Exam Study Guide
YOU MAY WANT TO PRINT THIS GUIDE.
1. The Final Exam is open book and open notes. The maximum time you can spend in the exam is 3 hours, 30 minutes. If you have not clicked the Submit for Grading button by then, you will be exited from the exam automatically. In the Final Exam environment, the Windows clipboard is disabled, so you will not be able to copy exam questions or answers to or from other applications.
2. You should click the Save Answers button in the exam frequently. This helps prevent connection timeouts that might occur with certain Internet service providers and also minimizes lost answers in the event of connection problems. If your Internet connection does break, when you reconnect, you will normally be able to get back into your Final Exam without any trouble. Remember, though, that the exam timer continues to run while students are disconnected, so students should try to log in again as quickly as possible. The Help Desk cannot grant any student additional time on the exam.
3. See the Syllabus section “Due Dates for Assignments & Exams” for due date information.
4. Reminders
You will only be able to enter your online Final Exam one time.
Click the Save Answers button often.
If you lose your Internet connection during your Final Exam, log on again and try to access it. If you are unable to enter the Final Exam, first contact the Help Desk and then your instructor.
You will always be able to see the time remaining in the Final Exam at the top right of the page.
5. Assessments With Multiple Pages
Make sure to click the Save Answers button before advancing to the next page (we also suggest clicking on Save Answers while you are working).
Complete all of the pages before submitting your Final Exam for instructor review.
Do not use your browser’s Back and Forward buttons during the Final Exam.
Please use the provided links for navigation.
6. Submitting Your Final Exam
When you are finished with the Final Exam, click on the Submit for Grading button.
Please note: Once you click the Submit for Grading button, you will not be able to edit or change any of your answers.
7. Exam Questions
There are eight randomly selected essay questions each worth 2530 points, for a total of 230 points.
The Final Exam covers all course TCOs and Weeks AH.
The Final Exam consists of two pages, which can be completed in any order. You may go back and forth between the pages.
The Final Exam questions are pooled. This means that not everyone will have the same questions. Even if you do have some of the same questions, they may not be in the same order. These questions are distributed among the TCOs. The entire exam is worth 230 points.
On the essay questions, your answers should be succinct, should fully address each part of the question, and should demonstrate your knowledge and understanding in a concise but complete manner. Most essay questions require answers that are a couple of paragraphs (not a couple of sentences) that directly speak to each part of the question.Some students opt to work on the essay questions first, due to their higher point value and the length of time needed to adequately address each question, but this is entirely your choice.
Remember to always use proper citation when quoting other sources.This means that any borrowed material (even a short phrase) should be placed in quotation marks with the source (URL, author/date/page number) immediately following the end of the passage (the end quote). Changing a few words in a passage does not constitute putting it in your own words, and proper citation is still required.Borrowed material should not dominate a students work; it should only be used sparingly to support the students thoughts, ideas, and examples.Heavy usage of borrowed material (even if properly cited) can jeopardize the points for that question. Uncited material can jeopardize a passing grade on the exam. As a part of our commitment to academic integrity, your work may be submitted to turnitin.com, an online plagiarism-checking service. So please be very mindful of proper citation.
8. Some of the key study areas are shown below. Although these are key areas, remember that the exam is comprehensive for all of the assigned course content and this study guide may not be all-inclusive.
1. The benefit of AIS skills and how AIS provides value to business
1. Designing a coding system
1. COSOs internal control framework
1. Controls in an AIS system
1. The revenue and expenditure cycles and related controls
1. Benefits of XBRL
1. Databases
1. AIS outsourcing decision
9. Areas that were discussed in the Discussion areas will be prime targets.
10. Assignments will also be prime targets for revisiting.
11. Reviewing the TCOs, which are listed below for your convenience, will also be a great preparation for the Final Exam.
A
Given an automated accounting system, discuss the key components of the system, key components of transaction process, and how the components are identified into separate/distinct business processes.
B
Given an environment of computer fraud and the resulting effect on an organization, evaluate the different types of control frameworks that can be implemented to reduce the risk of fraud activities that might impact an organization’s automated accounting system.
C
Given an environment of computer crimes and the resulting effect on an organization, determine the control processes and procedures required to safeguard assets and secure accounting information systems whether mandated by law or not.
D
Given an organization’s accounting information system, evaluate the key components of the revenueand expenditure cycle business processes and recommend processing and control procedures that provide reasonable assurance of information processing integrity and resource security.
E
Given an automated accounting system, evaluate the key components of business processes, such as payroll, production, etc., that comprise an organizations core accounting information system and recommend processing and control procedures that provide reasonable assurance of information processing integrity and resource security.
F
Given an organization’s need to rely on a stable accounting information system, evaluate financial reporting information requirements of an accounting information system and recommend processing and control procedures that provide reasonable assurance of information processing integrity and resource security.
G
Given an automated accounting system, demonstrate how data can be organized, stored, and analyzed.
H
Given the demand for advanced technology and an organization’s need to maintain and upgrade its accounting information systems, determine the proper steps for implementing/upgrading an organization’s accounting information systems.
