1 Good internal control dictates that which of the following functions should be
ID: 2421241 • Letter: 1
Question
1
Good internal control dictates that which of the following functions should be segregated?
Maintaining the subsidiary ledgers and handling customer queries
Providing information on inventory levels and reconciling the bank statement
Authorizing credit and determining reorder quantities
Opening the mail and making the journal entry to record cash receipts
None of these answers are correct
2
Which of the following statements is not true?
In three-tier client server architecture, one tier is for user presentations, one is for database and applications, and the third is for Internet access.
The database and application functions are separate in the three-tier model.
In a typical two-tier client server system, the server handles both application and database duties.
Client computers are responsible for presenting data to the user and passing user input back to the server.
3
Which of the following is not a risk associated with ERP implementation?
Choosing the wrong ERP
Opposition to changes in the business culture
Choosing the wrong consultant.
Choosing the wrong project manager.
All of these are risks associated with ERP implementations.
4
Controlling day-to-day operations is the responsibility of ____________.
middle management
operations management
human resources management
top management
executive management
5
All of the following are part of the Accounting Information System, except:
General Ledger/Financial Reporting System
Transaction Processing System
Expert System
Management Reporting System
None of these answers are correct
Explanation / Answer
1) Good internal controls dictates that :Authorizing credit and determining reorder quantities
Because for an organization the internal controls are very important to avoid any fraud or misstaement and therefore if the internal controls are strong then it dictates that the person authorizing the credit and acting the re order quantity are not same and therefore strong internal contreols.
2) In a typical two-tier client server system, the server handles both application and database duties is the statement which is not true becuase in 2 tier there fis also client which handles all these functionaluty.
3) All of these are risks associated with ERP implementations.
4) controlling day to day activity is managed by the OPERATION MANAGEMENT becuase he is the person who has to take care of the working capital of the company and also manage the daily operations
Expert system is the only system which is not forming part of the accounting information system.
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