Exam Descriptives 40 multiple choice questions (2 points each) Chapter 1 - 11 questions (27.5%) Chapter 2 - 14 questions (35%) Chapter 3 - 6 questions (15%) Chapter 4 - 9 questions (22.5%) One activity: Systems Flowchart (20 points total) Focus Areas (Note: All bullet points may not appear on the exam. However, all content on the exam is included within these bullet points). Chapter 1 o Know and understand the 14 attributes of information. Be able to identify when an attribute is either deficient or lacking If UNT were to announce your classes for Fall 2024 are online after you have purchased a parking permit, that information would be lacking in timeliness If there is a discrepancy between the GPA you see on my.unt and the GPA reported on your transcript, that information would not be verifiable o Understand the give-get relationship for each transaction cycle. E.g., Revenue Cycle would be Give Inventory/Services - Get Cash. o Understand that the acquisition/storage of information has costs and benefits. Benefits of information for improved decision making should exceed the associated costs of acquiring/storing that information Chapter 2 o Understand the Input, Processing, Output operations of the Data Processing Cycle. A business activity will begin a data processing cycle o Be familiar with the different roles accountants play with respect to an AIS. Professionally, you could be asked to be a user, designer, and/or auditor of an AIS o Know and understand the different modules available in an ERP System. Core modules include Financial Accounting, Management Accounting, Operations and Supply Chain, Human Capital Management o Understand the advantages and disadvantages of an ERP system. Why would an organization adopt an ERP system? What are some consequences of ERP system implementation failure? o Be familiar with the Sarbanes-Oxley Act and its relevance to accountants, specifically Sections 302 and 404. o Know the difference between batch processing and OLRT processing. Be able to identify examples. Any activity where master data is not updated in real-time is classified as batch processing. Data involved in batch processing needs to be stored in a temporary folder before being used to update master data. o Know what a source document is. Be able to give/identify examples for different transactions cycles (e.g., sales order for the revenue cycle, purchase order for the expenditure cycle, etc). Be able to identify an example of a turnaround document. What makes a turnaround document unique among source documents? o Understand where different accounting information would be recorded (financial accounting review) E.g., individual credit sales to a customer would be recorded in the accounts receivable subsidiary ledger. All credit sales made in a single day (to all customers) would be recorded in the accounts receivable balance of the general ledger. o Understand different coding schemes. E.g., sequential prenumbered, block coding, etc. Chapter 3 o Know the steps to developing a flowchart o Be able to discriminate between the different types of flowcharts (e.g., document, system, and program). What level of detail/information is communicated at each level? o Know and understand each flowchart symbol except those explicitly stated that you would not need to use for the exam in class. Recognize that each process requires at least one input and one output. o Understand why it is important for accountants to document systems o Be able to identify the different levels of a data flow diagram. What information does a data flow diagram communicate? o Understand strengths of a business process diagram. E.g., "swim lanes", pictorial view, etc. Chapter 4 o Understand the advantages/disadvantages of a centralized database o Be able to identify primary key/foreign key within a data file o Be able to identify the types of anomalies that can occur with uncentralized databases o Understand the difference between logical and physical view of data o Know the differences between Data Manipulation Language, Data Query Language, and Data Definition Language. E.g., if I wanted to see who had the most sales last quarter, what language would I use? If I wanted to add a new attribute to the Customers File, which language would I use