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CA Final Accounting and Technology: RPA, Cloud, ERP, Cybersecurity, Blockchain and AI — practice questions

Explore 50 free Accounting and Technology: RPA, Cloud, ERP, Cybersecurity, Blockchain and AI questions in CA Final Financialreporting. Open each question or exercise to read its content, reference answers and available explanation.

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Accounting and Technology: RPA, Cloud, ERP, Cybersecurity, Blockchain and AI questions and exercises with answers

Showing questions 1–30 of 50.

Which model of cloud computing typically includes Salesforce, QuickBooks Online and Slack?Read the answer and worked solution →How does RPA automate a task in an application?Read the answer and worked solution →How does an RPA system build its list of actions?Read the answer and worked solution →What sets RPA apart from simple interface testing tools?Read the answer and worked solution →Compared with RPA, how is artificial intelligence described?Read the answer and worked solution →Which is a typical benefit of robotic automation?Read the answer and worked solution →Where does a software robot normally act?Read the answer and worked solution →Which back office work suits starting robotic automation?Read the answer and worked solution →Which ERP module is essential and keeps the general ledger?Read the answer and worked solution →Bill of materials and work orders fall under which ERP area?Read the answer and worked solution →Payables, receivables and cash management are grouped under which ERP area?Read the answer and worked solution →Which is a stated advantage of ERP?Read the answer and worked solution →What does ERP include that integrated business systems lack?Read the answer and worked solution →What does XBRL stand for?Read the answer and worked solution →The XBRL standard was originally based on which language?Read the answer and worked solution →In XBRL, which part holds the business facts being reported?Read the answer and worked solution →In XBRL, what is a fact holding a single value called?Read the answer and worked solution →In XBRL, facts holding multiple values are represented by what?Read the answer and worked solution →What does an XBRL context define for a fact?Read the answer and worked solution →Which standard must dates in an XBRL context period follow?Read the answer and worked solution →Monetary facts in XBRL must use units from which namespace?Read the answer and worked solution →What does Inline XBRL do?Read the answer and worked solution →Since 2021, which firms must file in iXBRL under ESEF?Read the answer and worked solution →In which year was version 2.1 of the XBRL specification published?Read the answer and worked solution →Which XBRL linkbase supplies human-readable names for concepts?Read the answer and worked solution →What does each block in a blockchain hold besides transaction data?Read the answer and worked solution →The very first block of a blockchain is known as what?Read the answer and worked solution →Blocks not selected for inclusion in the chain are called what?Read the answer and worked solution →Valid transactions in a block are hashed and encoded into what?Read the answer and worked solution →Under which name was the bitcoin blockchain conceived in 2008?Read the answer and worked solution →

Worked practice questions

Which model of cloud computing typically includes Salesforce, QuickBooks Online and Slack?

  1. Infrastructure as a Service (IaaS)
  2. Storage as a Service
  3. Platform as a Service (PaaS)
  4. Software as a Service (SaaS)
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Correct answer: D. Software as a Service (SaaS)

SaaS provides ready-to-use cloud-based applications accessed via the internet — Salesforce (CRM), Slack (collaboration) and QuickBooks Online (accounting) are SaaS examples.

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How does RPA automate a task in an application?

  1. By changing the application source code
  2. By mimicking human actions on the interface
  3. By swapping the app for an AI model
  4. By rewriting the back end database
Show answer and solution

Correct answer: B. By mimicking human actions on the interface

RPA robots repeat the clicks and keystrokes a person would make on the user interface instead of altering the application itself.

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How does an RPA system build its list of actions?

  1. By watching a user do the task
  2. By predicting the task statistically
  3. By having a developer write an API script
  4. By reading the app's source code
Show answer and solution

Correct answer: A. By watching a user do the task

RPA records a user performing the task in the interface and then replays those steps, unlike API-based workflow tools.

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More Financialreporting topics

Ind AS 116 LeasesInd AS 36 Impairment of Assets and Ind AS 38 Intangible AssetsInd AS 24 Related Party Disclosures and Ind AS 108 Operating SegmentsInd AS 1 Presentation of Financial StatementsInd AS 12 Income TaxesInd AS 113 Fair Value MeasurementInd AS 109 Financial InstrumentsInd AS 23 Borrowing Costs and Ind AS 40 Investment Property