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WorksheetsChapters 11 and 12
Total questions: 20
Worksheet time: 7mins
(Easy) A multiple module software packages that evolved primarily from traditional manufacturing resource planning system
Manufacturing Resource Planning
Enterprise Resource Planning
Bolt-On Software
ERP Core Application
(Easy) Particularly suited to diversified organizations whose units do not share common processes and data.
Parallel
Phased In
Hybrid
Big Bang
(Easy) It specifies the user ID, the resources available to the user, and the level of permission granted such as read-only, edit, or create.
Role Based Access Control (RBAC)
Independent Verification
Access Control List (ACL)
Transaction Authorization
(Easy) Business ethics involves
A. How managers decide on what is right in conducting business.
B. How managers achieve what they decide is right for the business.
Both A and B
Only A
(Easy) All of the following are conditions for fraud except
False Representation
Injury or Loss
Intent
Material Reliance
(Easy) Ethical issues in business are:
Equity, Rights, Justice, Materiality
Rights, Risk, Proportionality, Honesty,
Honesty, Rights, Justice, The exercise of Corporate Power
Rights, The exercise of Corporate Power, Equity, Rights
(Average) This architecture is typical of large ERP systems that use wide area networks (WANs) for connectivity among the users.
Two-Tier Model
Data Warehouse
Core Application
Three-Tier Model
(Average) It is a process of data warehousing which ensures the quality of the data. It filters and repairs error, corrupted, and incomplete data set.
Extracting data from operational databases
Cleansing extracted data
Transforming data into the warehouse model
Modeling data for the data warehouse
(Average) Which of the following is not a risk associated with ERP implementation?
Choosing the Wrong ERP
Choosing the Wrong Consultant
Opposition to Changes in the Business Culture
All of these are risks associated with ERP Implementations
(Average) It is a formal technique for grouping together users according to the system resources they need to perform their assigned tasks.
Supervision
Access Control List (ACL)
Independent Verification
Role Based Access Control (RBAC)
(Average) Employee fraud involves three steps. Of the following, which is not involved?
concealing the crime to avoid detection
stealing something of value
misstating financial statements
converting the asset to a usable form
(Average) The Commission on Auditors’ Responsibilities calls this performance fraud
Employee Fraud
Management Fraud
Corruption
Computer Fraud
(Average) Statement 1: Bribery involves giving, receiving, offering, or soliciting something of value because of an official act that has been taken.
Statement 2: Economic Extortion is the use (or threat) of force (including economic sanctions) by an individual or organization to obtain something of value.
Both Statements are True
Both Statements are False
Statement 1 is False: Statement 2 is True
Statement 1 is True: Statement 2 is False
(Average) Which is not an example of Fraud Techniques under Data Collection?
Piggybacking
Masquerading
Scavenging
Hacking
(Difficult) It involve complex calculations among data elements
Business Analysis Application
Server Configuration
Online Analytical Processing (OLAP)
Online Traditional Processing (OLTP)
(Difficult) One of the fastest growing IT issues for business today wherein its functionality is being incorporated into all leading ERP systems.
Data Warehousing
Database Configuration
Server Configuration
ERP Core Applications
(Difficult) Which of the following is not included in the key concerns related to ERP rules?
The rule of least access should apply to permission assignments.
A stated set of business responsibilities to be performed within the role.
Monitor role creation and Permission-granting activities.
The creation of unnecessary roles.
(Difficult) These are the laws that are applicable in the Philippines in counterpart with the Sarbanes-Oxley Act
Philippine Accountancy Act of 2001, Corporate Reform Act
House Bill No. 286, Philippine Accountancy Act of 2001
Corporate Reform Act, Philippine Accountancy Act of 2004
House Bill No. 287, Philippine Accountancy Act of 2004
(Difficult) Which of the following best describes lapping?
applying cash receipts to a different customer’s account in an attempt to conceal previous thefts of funds
inflating bank balances by transferring money among different bank accounts
expensing an asset that has been stolen
creating a false transaction
(Difficult) Statement 1: Economic Extortion - It arises when an auditor is being overtly or covertly coerced by an audit client or by another interested party
Statement 2: Intimidation Threat - is the use of force by an individual or organization to obtain something of value.
Both Statements are True
Both Statements are False
Statement 1 is False: Statement 2 is True
Statement 1 is True: Statement 2 is False
