Analytical Review – Accounting And Finance Exam
The key terms in these Finance chapters include Analytical Review.
Whose responsibility is it to determine the amount of time an organization can afford to be without its information system?
The board of directors.
Senior management. – Correct
COBIT.
External auditors.
An auditor searching for a shipping document to ensure that the sales number recorded in the sales journal was properly supported. This is an example of
analytical review.
vouching. – Correct
review of the documentation.
confirmation.
The evidence collection method that examines all supporting documents to determine the validity of a transaction is called
analytical review.
physical examination.
vouching. – Correct
review of documentation.
Which of the following balanced scorecard dimensions provides measures on new products?
Internal operations.
Innovation and learning. – Correct
Customer.
Financial.
Performance reports for sales departments should compare actual revenue versus budgeted
cost.
profit.
revenue. – Correct
return on investment.
________ are used to create digital signatures.
Packet filtering and encryption
Asymmetric encryption and hashing – Correct
Hashing and packet filtering
Symmetric encryption and hashing
Text that was transformed into unreadable gibberish using encryption is called
encryption text.
plaintext.
ciphertext. – Correct
private text.
A laptop computer belonging to the Novak group was stolen from the trunk of a sales manager’s car while she was attending a conference. After reporting the theft, the manager considered the implications for the company’s network security and concluded there was little to worry about because
the data stored on the computer was encrypted. – Correct
it was unlikely that the thief would know how to access the company data stored on the computer.
For strongest segregation of duties, the credit manager should never report to
the credit department.
the marketing department. – Correct
the accounting department.
the IT department.
The ________ is a legal contract that defines responsibility for goods that are in transit.
back order
packing slip
bill of lading – Correct
picking list
Before a shipping notice is prepared during the revenue cycle, shipping department personnel should match the inventory received from the warehouse to the
picking ticket and sales order. – Correct
sales order and bill of lading.
sales order.
picking tickets.
Whose responsibility is it to determine the amount of time an organization can afford to be without its information system?
The board of directors.
Senior management. – Correct
COBIT.
External auditors.
An auditor searching for a shipping document to ensure that the sales number recorded in the sales journal was properly supported. This is an example of
analytical review.
vouching. – Correct
review of the documentation.
confirmation.
The evidence collection method that examines all supporting documents to determine the validity of a transaction is called
analytical review.
physical examination.
vouching. – Correct
review of documentation.
Which of the following balanced scorecard dimensions provides measures on new products?
Internal operations.
Innovation and learning. – Correct
Customer.
Financial.
Performance reports for sales departments should compare actual revenue versus budgeted
cost.
profit.
revenue. – Correct
return on investment.
________ are used to create digital signatures.
Packet filtering and encryption
Asymmetric encryption and hashing – Correct
Hashing and packet filtering
Symmetric encryption and hashing
Text that was transformed into unreadable gibberish using encryption is called
encryption text.
plaintext.
ciphertext. – Correct
private text.
A laptop computer belonging to the Novak group was stolen from the trunk of a sales manager’s car while she was attending a conference. After reporting the theft, the manager considered the implications for the company’s network security and concluded there was little to worry about because
the data stored on the computer was encrypted. – Correct
it was unlikely that the thief would know how to access the company data stored on the computer.
For strongest segregation of duties, the credit manager should never report to
the credit department.
the marketing department. – Correct
the accounting department.
the IT department.
The ________ is a legal contract that defines responsibility for goods that are in transit.
back order
packing slip
bill of lading – Correct
picking list
Before a shipping notice is prepared during the revenue cycle, shipping department personnel should match the inventory received from the warehouse to the
picking ticket and sales order. – Correct
sales order and bill of lading.
sales order.
picking tickets.
The ________ is a legal contract that defines responsibility for goods that are in transit.
back order
packing slip
bill of lading – Correct
picking list
Whose responsibility is it to determine the amount of time an organization can afford to be without its information system?
The board of directors.
Senior management. – Correct
COBIT.
External auditors.
An auditor searching for a shipping document to ensure that the sales number recorded in the sales journal was properly supported. This is an example of
analytical review.
vouching. – Correct
review of the documentation.
confirmation.