Question 1

As used in chapter 1, the term "dashboard" refers to a quick and easy plan to install a computerized accounting system in an organization.

Accepted Answer

A) True 
 B)False  False

Question 2

Which of the following is not a component of the balanced scorecard?

Accepted Answer

A) Customer knowledge 
B) Internal business processes 
C) Transaction processing 
D) Financial performance 
A) Customer knowledge 
B) Internal business processes 
C) Transaction processing 
D) Financial performance C

Question 3

The authors consider accountants to be "knowledge workers."

Accepted Answer

A) True 
 B)False  True

Question 4

Students majoring in AIS are unlikely to assume jobs in traditional accounting positions because they know too much.

Accepted Answer

A) True 
 B)False

Question 5

Suspicious activity reporting:

Accepted Answer

A) Only applies to banking transactions 
B) Is mandated by state, but not federal, regulations 
C) Is mostly concerned with embezzlement issues 
D) Requires CPAs to report questionable financial transactions to the U.S.Treasury Department. 
A) Only applies to banking transactions 
B) Is mandated by state, but not federal, regulations 
C) Is mostly concerned with embezzlement issues 
D) Requires CPAs to report questionable financial transactions to the U.S.Treasury Department.

Question 6

The P in the acronym KPI stands for:

Accepted Answer

A) Processing 
B) Performance 
C) Planning 
D) Personnel 
E) none of these 
A) Processing 
B) Performance 
C) Planning 
D) Personnel 
E) none of these

Question 7

Most AISs perform all of these functions except:

Accepted Answer

A) Collect raw accounting data 
B) Store accounting data for future uses 
C) Process data into useful information 
D) AISs perform all of these functions 
A) Collect raw accounting data 
B) Store accounting data for future uses 
C) Process data into useful information 
D) AISs perform all of these functions

Question 8

Which of the following captures the same idea as the term "Garbage In Garbage Out?"

Accepted Answer

A) Too much information is the same as garbage 
B) The quality of computer output is determined by the quality of the input 
C) Great investments lead to great returns 
D) Too many cooks spoil the broth 
A) Too much information is the same as garbage 
B) The quality of computer output is determined by the quality of the input 
C) Great investments lead to great returns 
D) Too many cooks spoil the broth

Question 9

An example of a financial report that would be prepared by a managerial accountant (instead of a financial accountant)is a budget report.

Accepted Answer

A) True 
 B)False

Question 10

The designation for a licensed information systems audit professional is:

Accepted Answer

A) CPA 
B) CMA 
C) CIA 
D) CISA 
A) CPA 
B) CMA 
C) CIA 
D) CISA

Question 11

Which one of the following best describes the performance elements contained in most balanced scorecards? 
$\quad $$\quad $Financial $\quad $$\quad $$\quad $$\quad $$\quad $Nonfinancial
Performance Measures$\quad $ Performance Measures

Accepted Answer

A) $\quad $$\quad $No $\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $No 
B) $\quad $$\quad $No $\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $Yes 
C) $\quad $$\quad $Yes $\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $No 
D) $\quad $$\quad $Yes$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $ Yes 
A) $\quad $$\quad $No $\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $No 
B) $\quad $$\quad $No $\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $Yes 
C) $\quad $$\quad $Yes $\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $No 
D) $\quad $$\quad $Yes$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $$\quad $ Yes

Question 12

One possible career for AIS majors is in the traditional area of financial or managerial accounting.

Accepted Answer

A) True 
 B)False

Question 13

It is best to view an AIS as an accounting system that must be computerized.

Accepted Answer

A) True 
 B)False

Question 14

A major output of financial accounting is the preparation of financial statements such as an income statement.

Accepted Answer

A) True 
 B)False

Question 15

Computers tend to make audit trails easier to follow because everything is computerized.

Accepted Answer

A) True 
 B)False

Question 16

Bernard Madoff is most closely associated with which of the following terms?

Accepted Answer

A) The father of activity-based costing systems 
B) SAR 
C) Ponzi scheme 
D) Sarbanes-Oxley Act of 2002 
E) Key sponsor of the Patriot Act 
A) The father of activity-based costing systems 
B) SAR 
C) Ponzi scheme 
D) Sarbanes-Oxley Act of 2002 
E) Key sponsor of the Patriot Act

Question 17

For performance reports to achieve their control objectives, they must:

Accepted Answer

A) Include relevant information so that necessary action may be taken to accomplish organizational goals 
B) Be timely so that minimal time elapses between an activity's occurrence and the feedback reflecting the activity's efficient or inefficient performance 
C) Provide subsystem managers with suggestions as to how they can operate their subsystems more efficiently 
D) all of the above 
E) a and b only 
A) Include relevant information so that necessary action may be taken to accomplish organizational goals 
B) Be timely so that minimal time elapses between an activity's occurrence and the feedback reflecting the activity's efficient or inefficient performance 
C) Provide subsystem managers with suggestions as to how they can operate their subsystems more efficiently 
D) all of the above 
E) a and b only

Question 18

Managerial accounting principally provides information to:

Accepted Answer

A) Stockholders 
B) Government regulators (e.g., SEC, Federal bank examiners) 
C) Internal company management 
D) Potential creditors 
A) Stockholders 
B) Government regulators (e.g., SEC, Federal bank examiners) 
C) Internal company management 
D) Potential creditors

Question 19

The acronym ERP stands for "electronic reporting plan."

Accepted Answer

A) True 
 B)False

Question 20

In a responsibility accounting system, managers trace unfavorable performance to the department or persons causing the inefficiencies.

Accepted Answer

A) True 
 B)False

As used in chapter 1, the term "dashboard" refers to a quick and easy plan to install a computerized accounting system in an organization.

Which of the following is not a component of the balanced scorecard?

The authors consider accountants to be "knowledge workers."

Students majoring in AIS are unlikely to assume jobs in traditional accounting positions because they know too much.

Suspicious activity reporting:

The P in the acronym KPI stands for:

Most AISs perform all of these functions except:

Which of the following captures the same idea as the term "Garbage In Garbage Out?"

An example of a financial report that would be prepared by a managerial accountant (instead of a financial accountant)is a budget report.

The designation for a licensed information systems audit professional is:

Which one of the following best describes the performance elements contained in most balanced scorecards? $\quad$ $\quad$ Financial $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Nonfinancial Performance Measures $\quad$ Performance Measures

One possible career for AIS majors is in the traditional area of financial or managerial accounting.

It is best to view an AIS as an accounting system that must be computerized.

A major output of financial accounting is the preparation of financial statements such as an income statement.

Computers tend to make audit trails easier to follow because everything is computerized.

Bernard Madoff is most closely associated with which of the following terms?

For performance reports to achieve their control objectives, they must:

Managerial accounting principally provides information to:

The acronym ERP stands for "electronic reporting plan."

In a responsibility accounting system, managers trace unfavorable performance to the department or persons causing the inefficiencies.

Accounting on the Internet

Information Technology and Aiss

Accounting and Data Analytics

Integrated Accounting and Enterprise Software

Introduction to Internal Control Systems and Risk Management

Computer Controls for Organizations and Accounting Information Systems

Accounting Information Systems and Business Processes: Part I

Accounting Information Systems and Business Processes: Part II

Cybercrime, Fraud, and Ethics

Information Technology Auditing

Documenting Accounting Information Systems

Developing and Implementing Effective Accounting Information Systems

Database Design

Organizing and Manipulating the Data in Databases

Database Forms and Reports

Filters

Exam 1: Accounting Information Systems and the Accountant

As used in chapter 1, the term "dashboard" refers to a quick and easy plan to install a computerized accounting system in an organization.

Which of the following is not a component of the balanced scorecard?

The authors consider accountants to be "knowledge workers."

Students majoring in AIS are unlikely to assume jobs in traditional accounting positions because they know too much.

Suspicious activity reporting:

The P in the acronym KPI stands for:

Most AISs perform all of these functions except:

Which of the following captures the same idea as the term "Garbage In Garbage Out?"

An example of a financial report that would be prepared by a managerial accountant (instead of a financial accountant)is a budget report.

The designation for a licensed information systems audit professional is:

Which one of the following best describes the performance elements contained in most balanced scorecards? \quad \quad Financial \quad \quad \quad \quad \quad Nonfinancial Performance Measures \quad Performance Measures

One possible career for AIS majors is in the traditional area of financial or managerial accounting.

It is best to view an AIS as an accounting system that must be computerized.

A major output of financial accounting is the preparation of financial statements such as an income statement.

Computers tend to make audit trails easier to follow because everything is computerized.

Bernard Madoff is most closely associated with which of the following terms?

For performance reports to achieve their control objectives, they must:

Managerial accounting principally provides information to:

The acronym ERP stands for "electronic reporting plan."

In a responsibility accounting system, managers trace unfavorable performance to the department or persons causing the inefficiencies.

Accounting on the Internet

Information Technology and Aiss

Accounting and Data Analytics

Integrated Accounting and Enterprise Software

Introduction to Internal Control Systems and Risk Management

Computer Controls for Organizations and Accounting Information Systems

Accounting Information Systems and Business Processes: Part I

Accounting Information Systems and Business Processes: Part II

Cybercrime, Fraud, and Ethics

Information Technology Auditing

Documenting Accounting Information Systems

Developing and Implementing Effective Accounting Information Systems

Database Design

Organizing and Manipulating the Data in Databases

Database Forms and Reports

Filters

Which one of the following best describes the performance elements contained in most balanced scorecards? $\quad$ $\quad$ Financial $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Nonfinancial Performance Measures $\quad$ Performance Measures