Business Quiz: Technology And Accounting Information System

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Business Quiz: Technology And Accounting Information System - Quiz

The world is filled with different business and enterprise fields, with people in the easy realm achieving tremendous success in innovation. However, have you ever wondered how various inventions and discoveries in one place could affect elements of another? In this quiz, we’ll be looking at technology’s impact on accounting information systems and how it’s been implemented in the business world. Good luck!


Questions and Answers
  • 1. 

    What is Accounting Information System?

    • A.

      It refers to a system that provides managers with the tools to organize, evaluate and efficiently manage departments within an organization.

    • B.

      It is a system of collection, storage and processing of financial and accounting data that is used by decision makers.

    • C.

      It is a general term for the computer systems in an enterprise that provide information about its business operations.

    • D.

      It provides information that organizations require to manage themselves efficiently and effectively.

    Correct Answer
    B. It is a system of collection, storage and processing of financial and accounting data that is used by decision makers.
    Explanation
    The correct answer is the first option: "It is a system of collection, storage and processing of financial and accounting data that is used by decision makers." This explanation accurately describes the purpose and function of an accounting information system. It highlights that the system collects, stores, and processes financial and accounting data, and emphasizes that this information is used by decision makers within an organization.

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  • 2. 

    What is Technology?

    • A.

      Technology is the making, modification, usage, and knowledge of tools, machines, techniques, crafts, systems, and methods of organization, in order to solve a problem, improve a pre-existing solution to a problem, achieve a goal, handle an applied input/output relation or perform a specific function.

    • B.

      The application of scientific knowledge for practical purposes

    • C.

      Technology is a body of knowledge used to create tools, develop skills, and extract or collect materials.

    • D.

      All the above statement is correct.

    Correct Answer
    D. All the above statement is correct.
    Explanation
    The correct answer is that all the above statements are correct. This means that technology can be defined as the application of scientific knowledge for practical purposes, a body of knowledge used to create tools and develop skills, and the making, modification, usage, and knowledge of tools, machines, techniques, crafts, systems, and methods of organization. Technology is used to solve problems, improve solutions, achieve goals, handle input/output relations, and perform specific functions.

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  • 3. 

    What is Impact of Technology on Accounting Information System?

    • A.

      The biggest impact IT has made on accounting is the ability of companies to develop and use computerized systems to track and record financial transactions.

    • B.

      The biggest impact IT has made a gadget to display financial reports.

    • C.

      The biggest impact IT has made a computer to produce management reports.

    • D.

      All the above statement is correct

    Correct Answer
    A. The biggest impact IT has made on accounting is the ability of companies to develop and use computerized systems to track and record financial transactions.
    Explanation
    The correct answer is the first statement: "The biggest impact IT has made on accounting is the ability of companies to develop and use computerized systems to track and record financial transactions." This statement accurately describes the impact of technology on accounting information systems. Technology has revolutionized the way accounting is done by automating processes, improving accuracy, and increasing efficiency. Computerized systems allow for faster and more accurate tracking and recording of financial transactions, reducing the likelihood of errors and enabling real-time reporting and analysis.

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  • 4. 

    What is ERP?

    • A.

      Enterprise resource planning is accounting process management software that manage accounting information and produce financial statements.

    • B.

      Enterprise resource planning is expensive software which only big companies can buy.

    • C.

      Enterprise resource planning is business process management software that allows an organization to use a system of integrated applications to manage the business and automate back office functions.

    • D.

      Enterprise resource planning is application software that manage all transactions and manually process become management reports.

    Correct Answer
    C. Enterprise resource planning is business process management software that allows an organization to use a system of integrated applications to manage the business and automate back office functions.
    Explanation
    ERP, or Enterprise Resource Planning, is a type of business process management software that enables organizations to utilize a system of integrated applications to effectively manage their business operations and automate various back-office functions. This software streamlines processes, enhances efficiency, and improves overall productivity by integrating different departments and functions within an organization. It is not limited to accounting or financial management, nor is it exclusively available to big companies.

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  • 5. 

    What is Business Intelligence?

    • A.

      Business intelligence is a set of theories, methodologies, processes, architectures, and technologies that transform raw data into meaningful and useful information for business purposes.

    • B.

      Business intelligence is a database used for reporting and data analysis.

    • C.

      Business intelligence is business process management software that allows an organization to use a system of integrated applications to manage the business and automate back office functions.

    • D.

      Business intelligence is a large store of data accumulated from a wide range of sources within a company and used to guide management decisions.

    Correct Answer
    A. Business intelligence is a set of theories, methodologies, processes, architectures, and technologies that transform raw data into meaningful and useful information for business purposes.
    Explanation
    The correct answer explains that business intelligence involves the transformation of raw data into meaningful and useful information for business purposes. It encompasses various elements such as theories, methodologies, processes, architectures, and technologies. This definition emphasizes the importance of converting data into actionable insights that can support decision-making and drive business growth.

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  • 6. 

    What is a data warehouse?

    • A.

      Data Warehouse is a warehouse to process data using computer.

    • B.

      Data Warehouse is a set of theories, methodologies, architectures, and technologies that transform raw data into meaningful and useful information for business purposes.

    • C.

      Data Warehouse is a large store of data accumulated from a wide range of sources within a company and used to guide management decisions.

    • D.

      Data Warehouse is business process management software that allows an organization to use a system of integrated applications to manage the business and automate back office functions.

    Correct Answer
    C. Data Warehouse is a large store of data accumulated from a wide range of sources within a company and used to guide management decisions.
    Explanation
    The correct answer explains that a data warehouse is a large store of data that is accumulated from various sources within a company. This data is then used to guide management decisions.

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  • 7. 

    What is ETL?

    • A.

      Enterprise Transformation Loading

    • B.

      Extract, Transform, Load

    • C.

      Extract, Transport, Load

    • D.

      Enterprise Transport Loading

    Correct Answer
    B. Extract, Transform, Load
    Explanation
    ETL stands for Extract, Transform, Load. It is a process used in data warehousing and data integration. The first step, extraction, involves gathering data from various sources and bringing it to a central location. The second step, transformation, involves cleaning, filtering, and restructuring the data to make it suitable for analysis and storage. The final step, loading, involves inserting the transformed data into a target database or data warehouse. ETL is essential for organizations to consolidate and analyze data from multiple sources, enabling them to make informed business decisions.

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  • 8. 

    What is SAP?

    • A.

      Software Applications Products

    • B.

      Software Applications Project

    • C.

      Systems Application Project

    • D.

      Systems Applications Products

    Correct Answer
    D. Systems Applications Products
    Explanation
    SAP stands for Systems Applications Products. It is a software application that helps organizations manage their business operations and customer relations. SAP provides various modules and functionalities to support different aspects of business processes such as finance, sales, procurement, and human resources. With its integrated approach, SAP allows businesses to streamline their operations, improve efficiency, and make data-driven decisions.

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  • 9. 

    What is Cloud Computing?

    • A.

      Cloud computing is a type of computing that relies on specific local server which connect to others server or personal devices to handle many applications.

    • B.

      Cloud computing is a type of computing that relies on sharing computing resources rather than having local servers or personal devices to handle applications.

    • C.

      Cloud computing is a social media application like facebook, twitter, whatsapp.

    • D.

      Cloud computing is a software to manage all customer relationships within companies.

    Correct Answer
    B. Cloud computing is a type of computing that relies on sharing computing resources rather than having local servers or personal devices to handle applications.
    Explanation
    Cloud computing is a type of computing that utilizes shared computing resources instead of relying solely on local servers or personal devices. This allows for the handling of applications through remote servers and enables users to access data and services over the internet. By sharing resources, cloud computing offers scalability, flexibility, and cost-effectiveness.

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  • 10. 

    What is KPI?

    • A.

      Key Product Indicator

    • B.

      Key Process Indicator

    • C.

      Key Project Indicator

    • D.

      Key Performance Indicator

    Correct Answer
    D. Key Performance Indicator
    Explanation
    A KPI, or Key Performance Indicator, is a measurable value that demonstrates how effectively a company is achieving its key objectives. It is used to evaluate the success or failure of a specific activity or process. KPIs are essential for tracking progress, identifying areas for improvement, and making data-driven decisions. They provide a clear and measurable way to assess performance and ensure that goals are being met.

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  • 11. 

    What is Agile Implementation Methodology?

    • A.

      Agile software development is a methods based on iterative and incremental development, where requirements and solutions evolve through collaboration between self-organizing, cross-functional teams.

    • B.

      Agile software development is a sequential design process, often used in software development processes, in which progress is seen as flowing steadily downwards through the phases of Conception, Initiation, Analysis, Design, Construction, Testing, Production/Implementation, and Maintenance.

    • C.

      Agile software development is a methods based on requirement, design, implementation and completion.

    • D.

      Agile software development is a methods based on requirement, design, configuration, realization, testing, data migration, training and post implementation review.

    Correct Answer
    A. Agile software development is a methods based on iterative and incremental development, where requirements and solutions evolve through collaboration between self-organizing, cross-functional teams.
    Explanation
    Agile implementation methodology is a software development approach that focuses on iterative and incremental development. It emphasizes collaboration between self-organizing, cross-functional teams to evolve requirements and solutions. This methodology allows for flexibility and adaptability, as it encourages continuous feedback and improvement throughout the development process. By breaking down the development into smaller, manageable iterations, Agile implementation methodology enables faster delivery of high-quality software products.

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  • 12. 

    What is application consultant?

    • A.

      Consultant for IT system and support, provide solution for IT department.

    • B.

      Consultant for application, provide solution for client business requirement by implementing the application for all departments related.

    • C.

      Consultant for accounting and finance solution, provide solution for accounting department.

    • D.

      Consultant for management, provide solution to all managements problems.

    Correct Answer
    B. Consultant for application, provide solution for client business requirement by implementing the application for all departments related.
    Explanation
    An application consultant is someone who provides solutions for client business requirements by implementing applications for all related departments. They work closely with clients to understand their needs and then design and implement the appropriate application to meet those needs. This may involve customizing existing applications or developing new ones. The application consultant ensures that the application is properly integrated into the client's systems and provides ongoing support and maintenance. They are responsible for ensuring that the application meets the client's business objectives and helps to improve their overall efficiency and effectiveness.

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  • 13. 

    Which statement is represent the soft skill?

    • A.

      Communication, Programming, Business Process, Learning

    • B.

      Business Process, Application, Database, Reporting

    • C.

      Team Work, Drive, Time Management, Decision Making

    • D.

      Communication, Self Control, Analytical Thinking, Business Process

    Correct Answer
    C. Team Work, Drive, Time Management, Decision Making
    Explanation
    The correct answer represents soft skills because it includes qualities and abilities that are not specific to a particular job or industry. Teamwork, drive, time management, and decision making are all examples of soft skills that are valued in various professional settings. These skills are not tied to technical knowledge or expertise, but rather focus on interpersonal abilities and personal attributes that contribute to overall success in the workplace.

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  • 14. 

    What accounting software is currently being used by Bursa Efek Indonesia (BEI)?

    • A.

      SAP R3

    • B.

      Oracle Applications

    • C.

      Microsoft Axapta or Greatplain

    • D.

      SunSystems INFOR

    Correct Answer
    D. SunSystems INFOR
    Explanation
    Bursa Efek Indonesia (BEI) is currently using SunSystems INFOR as their accounting software.

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  • 15. 

    What is conclusion of the training?

    • A.

      Be Prepare for the Future

    • B.

      Technology is very important

    • C.

      I must learn programming

    • D.

      I don't know

    Correct Answer
    A. Be Prepare for the Future
    Explanation
    The conclusion of the training is to "Be Prepare for the Future." This suggests that the training has emphasized the importance of being prepared for what lies ahead. It implies that the training has provided information or guidance on how to navigate and adapt to future challenges or changes.

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