ACLC COLLEGE OF ORMOC

Lilia Avenue., Brgy. Cogon, Ormoc City

Business Department
MIDTERM EXAM IN ACCOUNTING INFORMATION SYSTEM

NAME: ________________________________ COURSE/YEAR LEVEL: ________________

INSTRUCTOR: ________________________________ REMARKS: ________________
GENERAL INSTRUCTION: Provide the answer for each of the question given. Write your answer after every
question.

I. Essay:

 Define Revenue Cycle, Expenditure Cycle, and Conversion Cycle.

 As a consultant what are you going to advise to a management that lacks human power?

II. From the given activity – Conversion Cycle, Prepare an Organizational Chart using Flow charts and Symbols
that visualizes their respective hierarchy.
III. Prepare their job descriptions that show Proper Segregation of Duties.