True False Questions

2-1 Copyright © 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.Chapter 02 Accountants as Business Analysts

True / False Questions

• Accountants now face a challenge of helping businesses optimize processes.

True False

• To be valuable business partners, accountants must understand how the business delivers value to

its employees.

True False

• A business process constrains business rules.

True False

• A business model is typically a graphical depiction of the essential business process information.

True False

• Documentation can be thought of as a tool for information transmission and communication.

True False

• Documentation helps with training but won't help with regulatory compliance issues.

True False

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2-2 Copyright © 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.

• Models should be simpler than the processes and systems they depict.

True False

• Because business models are simpler than the processes they depict, they are limited in their

ability to integrate local views of a process.

True False

• Activity models are a relatively new process modeling tool.

True False

• In Business Process Modeling Notation (BPMN), activities are named with a short verb phrase

placed within the rectangle.

True False

• Business Process Modeling Notation (BPMN) activity models show the sequence of flow from right

to left and top to bottom.

True False

• Business Process Modeling Notation (BPMN) activity diagrams depict events as circles.

True False

• Business Process Modeling Notation (BPMN) activity diagrams depict activities as circles.

True False

• An activity can depict a single action or some logical combination of actions depending on the

required level of detail to achieve the objectives of the business process analysis.

True False

2-3 Copyright © 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.

• Gateways show decisions and possible branching as a result of the decision.

True False

• Swimlanes identify participants, e.g., organizations, in a process.

True False

• Business Process Modeling Notation (BPMN) activity diagrams are conceptually similar to process

maps.

True False

• Business Process Modeling Notation (BPMN) start events are shown using ovals and flowchart start

events are shown using circles.

True False

• Opportunity flowcharts identify opportunities for process improvement by separating value-added

from non-value-added activities.

True False

• Data Flow Diagrams start with a circle indicating the start event.

True False

Multiple Choice Questions

2-4 Copyright © 2014 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.

• Which of the following is not a Stewardship and Reporting role of the Accounting/Finance

Function in Business?

• Human Resource management

• Regulatory compliance

• Tax returns

• Statutory reporting

• Which of the following is not a Business Management Support role of the Accounting/Finance

Function in Business?

• Management information

• Planning, budgeting and forecasting

• Financial consolidation, reporting and analysis

• Investment appraisal

• Which of the following is not an Accounting/Finance Operations role of the Accounting/Finance

Function in Business?

• Financial close - completing period end accounts

• Stakeholder assurance

• People management

• Financial consolidation, reporting and analysis

• Which of the following is not part of the business analysis process?

• Ascertaining information about current and future business processes.

• Using business process modeling tools.

• Using IT to make finance and accounting processes more efficient and effective.

• Documenting current and future business processes.