Question 1

Accounting information systems:

Accepted Answer

A) Are always computerized. 
B) Report only accounting information. 
C) Include records,processes and reports. 
D) Are for computer games. 
A) Are always computerized. 
B) Report only accounting information. 
C) Include records,processes and reports. 
D) Are for computer games.

Question 2

Bob's manager complains that Bob suffers from "Analysis Paralysis;" that is,he spends too much time reviewing endless reports and is reluctant to make decisions.Bob most likely suffers from _____.

Accepted Answer

A) Data gridlock. 
B) Discretionary information. 
C) Information overload. 
D) Data redundancy. 
A) Data gridlock. 
B) Discretionary information. 
C) Information overload. 
D) Data redundancy.

Question 3

Information overload is defined as the difficulty a person faces in understanding a problem and making a decision as a consequence of too much information.

Accepted Answer

A) True 
 B)False

Question 4

The correct order of effects in the value chain are:

Accepted Answer

A) Inbound Logistics → Operations → Service. 
B) Inbound Logistics → Outbound Logistics → Marketing & Sales. 
C) Inbound Logistics → Operations → Outbound Logistics. 
D) Inbound Logistics → Operations → Shipping. 
A) Inbound Logistics → Operations → Service. 
B) Inbound Logistics → Outbound Logistics → Marketing & Sales. 
C) Inbound Logistics → Operations → Outbound Logistics. 
D) Inbound Logistics → Operations → Shipping.

Question 5

Branch profitability is an example of:

Accepted Answer

A) Information overload. 
B) Mandatory information. 
C) Discretionary information. 
D) Enterprise System. 
A) Information overload. 
B) Mandatory information. 
C) Discretionary information. 
D) Enterprise System.

Question 6

Which of the following diagrams most accurately illustrates an information system?

Accepted Answer

A)    
B)    
C)    
D)    
A)    
B)    
C)    
D)

Question 7

An enterprise system is a centralized database that collects data from throughout the firm.This includes data from orders,customers,sales,inventory and employees.

Accepted Answer

A) True 
 B)False

Question 8

The Certified Information Technology Professional (CITP)is a professional designation for those with a broad range of technology knowledge and does not require a CPA.

Accepted Answer

A) True 
 B)False

Question 9

A dental practice implemented an upgrade to its AIS that provides the dentists with daily and weekly patient and financial summaries.The practice's upgrade is an example of which IT strategic role?

Accepted Answer

A) Automate. 
B) Informate - up. 
C) Transform. 
D) Informate - down. 
A) Automate. 
B) Informate - up. 
C) Transform. 
D) Informate - down.

Question 10

Data is defined as being information organized in a meaningful way that is useful to the user.

Accepted Answer

A) True 
 B)False

Question 11

The Sarbanes-Oxley Act of 2002 requires that a company's attest auditors be able to perform which of the following activities?

Accepted Answer

A) Evaluate the internal controls in an AIS. 
B) Assess the value of a company's IT assets. 
C) Take over the company's AIS if necessary. 
D) Design and implement the controls used in the AIS. 
A) Evaluate the internal controls in an AIS. 
B) Assess the value of a company's IT assets. 
C) Take over the company's AIS if necessary. 
D) Design and implement the controls used in the AIS.

Question 12

The Certified Information Technology Professional is the position created by the AICPA to recognize CPAs who have the ability to provide skilled professional services on Information Technology.

Accepted Answer

A) True 
 B)False

Question 13

The income statement line item most likely affected by an AIS investment in enterprise systems would be:

Accepted Answer

A) Revenues. 
B) Cost of Goods Sold. 
C) Selling,General and Administrative Expenses. 
D) Unearned Revenue. 
A) Revenues. 
B) Cost of Goods Sold. 
C) Selling,General and Administrative Expenses. 
D) Unearned Revenue.

Question 14

The characteristics of relevant information include predictive value,feedback value and timeliness.

Accepted Answer

A) True 
 B)False

Question 15

The income statement account most likely affected by an AIS investment in customer relationship management (CRM)would be:

Accepted Answer

A) Revenues. 
B) Cost of Goods Sold. 
C) Selling,General and Administrative Expenses. 
D) Unearned Revenue. 
A) Revenues. 
B) Cost of Goods Sold. 
C) Selling,General and Administrative Expenses. 
D) Unearned Revenue.

Question 16

A systems analyst analyzes a business problem that might be addressed by an information system and recommends software or systems to address that problem.

Accepted Answer

A) True 
 B)False

Question 17

Effective use of Supply Chain Management software is generally expected to provide all of the following benefits except:

Accepted Answer

A) Reduced inventory carrying costs. 
B) Lower production costs. 
C) Lower payroll costs. 
D) Better communications with suppliers. 
A) Reduced inventory carrying costs. 
B) Lower production costs. 
C) Lower payroll costs. 
D) Better communications with suppliers.

Question 18

Which of the following is usually the primary objective for companies when creating mandatory information?

Accepted Answer

A) Increase stock price. 
B) Minimize cost. 
C) Improve business decisions. 
D) Ensure proper controls over business processes. 
A) Increase stock price. 
B) Minimize cost. 
C) Improve business decisions. 
D) Ensure proper controls over business processes.

Question 19

Discretionary information is most likely to be used in which of the following activities?

Accepted Answer

A) Preparing required Environmental Protection Agency emissions reports. 
B) Filing a 10-K with the SEC. 
C) Management decision-making. 
D) Payroll tax reporting. 
A) Preparing required Environmental Protection Agency emissions reports. 
B) Filing a 10-K with the SEC. 
C) Management decision-making. 
D) Payroll tax reporting.

Question 20

A well-designed and well-functioning AIS can be expected to create value by providing relevant information helpful to management to increase revenues and reduce expenses.

Accepted Answer

A) True 
 B)False

Accounting information systems:

Bob's manager complains that Bob suffers from "Analysis Paralysis;" that is,he spends too much time reviewing endless reports and is reluctant to make decisions.Bob most likely suffers from _____.

Information overload is defined as the difficulty a person faces in understanding a problem and making a decision as a consequence of too much information.

The correct order of effects in the value chain are:

Branch profitability is an example of:

Which of the following diagrams most accurately illustrates an information system?

An enterprise system is a centralized database that collects data from throughout the firm.This includes data from orders,customers,sales,inventory and employees.

The Certified Information Technology Professional (CITP)is a professional designation for those with a broad range of technology knowledge and does not require a CPA.

A dental practice implemented an upgrade to its AIS that provides the dentists with daily and weekly patient and financial summaries.The practice's upgrade is an example of which IT strategic role?

Data is defined as being information organized in a meaningful way that is useful to the user.

The Sarbanes-Oxley Act of 2002 requires that a company's attest auditors be able to perform which of the following activities?

The Certified Information Technology Professional is the position created by the AICPA to recognize CPAs who have the ability to provide skilled professional services on Information Technology.

The income statement line item most likely affected by an AIS investment in enterprise systems would be:

The characteristics of relevant information include predictive value,feedback value and timeliness.

The income statement account most likely affected by an AIS investment in customer relationship management (CRM)would be:

A systems analyst analyzes a business problem that might be addressed by an information system and recommends software or systems to address that problem.

Effective use of Supply Chain Management software is generally expected to provide all of the following benefits except:

Which of the following is usually the primary objective for companies when creating mandatory information?

Discretionary information is most likely to be used in which of the following activities?

A well-designed and well-functioning AIS can be expected to create value by providing relevant information helpful to management to increase revenues and reduce expenses.

Accountants As Business Analysts

Data Modeling

Relational Databases and Enterprise Systems

Sales and Collections Business Process

Purchases and Payments Business Process

Conversion Business Process

Reporting Processes and Extensible Business Reporting Language Xbrl

Data Analytics in Accounting: Concepts and the Amps Model

Data Analytics in Accounting: Tools and Practice

Emerging Technologies: Blockchain and Ai Automation

Accounting Information Systems and Internal Controls

Information Security and Computer Fraud

Monitoring and Auditing Ais

The Balanced Scorecard, Business Model Canvas, and Business Value of Information Technology

Evaluating Ais Investments

Filters

Exam 1: Accounting Information Systems and Firm Value

Accounting information systems:

Bob's manager complains that Bob suffers from "Analysis Paralysis;" that is,he spends too much time reviewing endless reports and is reluctant to make decisions.Bob most likely suffers from _____.

Information overload is defined as the difficulty a person faces in understanding a problem and making a decision as a consequence of too much information.

The correct order of effects in the value chain are:

Branch profitability is an example of:

Which of the following diagrams most accurately illustrates an information system?

An enterprise system is a centralized database that collects data from throughout the firm.This includes data from orders,customers,sales,inventory and employees.

The Certified Information Technology Professional (CITP)is a professional designation for those with a broad range of technology knowledge and does not require a CPA.

A dental practice implemented an upgrade to its AIS that provides the dentists with daily and weekly patient and financial summaries.The practice's upgrade is an example of which IT strategic role?

Data is defined as being information organized in a meaningful way that is useful to the user.

The Sarbanes-Oxley Act of 2002 requires that a company's attest auditors be able to perform which of the following activities?

The Certified Information Technology Professional is the position created by the AICPA to recognize CPAs who have the ability to provide skilled professional services on Information Technology.

The income statement line item most likely affected by an AIS investment in enterprise systems would be:

The characteristics of relevant information include predictive value,feedback value and timeliness.

The income statement account most likely affected by an AIS investment in customer relationship management (CRM)would be:

A systems analyst analyzes a business problem that might be addressed by an information system and recommends software or systems to address that problem.

Effective use of Supply Chain Management software is generally expected to provide all of the following benefits except:

Which of the following is usually the primary objective for companies when creating mandatory information?

Discretionary information is most likely to be used in which of the following activities?

A well-designed and well-functioning AIS can be expected to create value by providing relevant information helpful to management to increase revenues and reduce expenses.

Accountants As Business Analysts

Data Modeling

Relational Databases and Enterprise Systems

Sales and Collections Business Process

Purchases and Payments Business Process

Conversion Business Process

Reporting Processes and Extensible Business Reporting Language Xbrl

Data Analytics in Accounting: Concepts and the Amps Model

Data Analytics in Accounting: Tools and Practice

Emerging Technologies: Blockchain and Ai Automation

Accounting Information Systems and Internal Controls

Information Security and Computer Fraud

Monitoring and Auditing Ais

The Balanced Scorecard, Business Model Canvas, and Business Value of Information Technology

Evaluating Ais Investments

Filters