财务会计英语 练习及答案ch05.docVIP

CHAPTER 5 ACCOUNTING SYSTEMS AND INTERNAL CONTROLS Chapter 5—Accounting Systems and Internal Controls TRUE/FALSE 1. Businesses must implement controls to help guide the behavior of their employees toward business objectives. ANS: T DIF: 1 OBJ: 01 2. The methods or procedures used to record and report financial data are called the accounting system. ANS: T DIF: 1 OBJ: 01 3. There are two internal control objectives and they are to ensure accurate financial reports, and ensure compliance with applicable laws. ANS: F DIF: 1 OBJ: 01 4. Systems analysis is the final phase in the creation or revision of an accounting system. ANS: F DIF: 1 OBJ: 01 5. Processing methods are the means by which the system collects, summarizes, and reports accounting information. ANS: T DIF: 1 OBJ: 01 6. The control environment is affected by written procedure rather than what is actually practiced. ANS: F DIF: 2 OBJ: 02 7. With a well thought-out internal control system, it is impossible for fraud to occur. ANS: F DIF: 1 OBJ: 02 8. Assessment of risks is not related to the achievement of the objectives of internal control. ANS: F DIF: 2 OBJ: 02 9. The control environment in an internal control structure is the attitude and awareness of internal control by all employees. ANS: T DIF: 1 OBJ: 02 10. Fraud is discovered mostly by accident. ANS: F DIF: 2 OBJ: 02 11. Separating the responsibilities for purchasing, receiving, and paying for equipment is an example of the control procedure: separating operations, custody of assets, and accounting. ANS: F DIF: 2 OBJ: 02 12. Internal control is enhanced by separating the control of a transaction from the record-keeping function. ANS: T DIF: 1 OBJ: 02 13. Putting the cash register near the door is a bad idea for it will allow customers to more easily steal. ANS: F DIF: 2 OBJ: 02 14. To have a good internal control system, employees assigned the to the custody of specific assets must have access to the records related to those a