Question 1

The path that data follow in an AIS, for example from manual source document to completed output report, is called an audit trail.

Accepted Answer

A) True 
 B)False

Question 2

In order to be useful, raw accounting data must be processed by a computer.

Accepted Answer

A) True 
 B)False

Question 3

The purpose of the assurance services of an accounting firm is to give a company's managers moral support when they are audited by the federal or state government.

Accepted Answer

A) True 
 B)False

Question 4

XBRL is a business reporting language that is used to define interactive financial data.

Accepted Answer

A) True 
 B)False

Question 5

All of the following are possible uses of AIS or accounting personnel that were discussed in the chapter except:

Accepted Answer

A) Countering terrorism 
B) Foiling future accounting scandals 
C) Providing assurance services 
D) Performing monetary exchanges 
A) Countering terrorism 
B) Foiling future accounting scandals 
C) Providing assurance services 
D) Performing monetary exchanges

Question 6

The letter "P" in the acronym "ERP" stands for:

Accepted Answer

A) Production 
B) Planning 
C) Project 
D) none of these 
A) Production 
B) Planning 
C) Project 
D) none of these

Question 7

One major difference between financial accounting and managerial accounting is that financial accountants use dashboards while managerial accountants do not.

Accepted Answer

A) True 
 B)False

Question 8

Within the traditional AIS, a sales order would not be considered an accounting transaction.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following describes "cloud computing"?

Accepted Answer

A) It is a is a way of using business applications over the Internet 
B) It is an internal business process over the organizations intranet 
C) It is an internal business process over the organizations extranet 
D) none of these 
A) It is a is a way of using business applications over the Internet 
B) It is an internal business process over the organizations intranet 
C) It is an internal business process over the organizations extranet 
D) none of these

Question 10

AISs are only concerned with financial information.

Accepted Answer

A) True 
 B)False

Question 11

There are limited career opportunities available for students who study both accounting and information systems.

Accepted Answer

A) True 
 B)False

Question 12

The starting point for an audit trail of a production department might be the purchase order for raw materials.

Accepted Answer

A) True 
 B)False

Question 13

Managerial accounting principally provides decision?making information to a company's internal managers.

Accepted Answer

A) True 
 B)False

Question 14

The starting point for an audit trail of a weekly payroll system might be an employee time card.

Accepted Answer

A) True 
 B)False

Question 15

An example of a value-added reseller (VAR)is a dealer who sells software but does not help with the installation, training and customization of that software for the customer.

Accepted Answer

A) True 
 B)False

Question 16

Accountants are usually classified as "line workers" within business organizations.

Accepted Answer

A) True 
 B)False

Question 17

The Sarbanes-Oxley Act prohibits companies from using the same auditing firms for performing both auditing and management consulting services.

Accepted Answer

A) True 
 B)False

Question 18

Because accountants are not normally computer programmers working within the information processing subsystem, it is unnecessary for them to understand the capabilities and limitations of computers.

Accepted Answer

A) True 
 B)False

Question 19

One major difference between financial accounting and managerial accounting is that financial accountants prepare financial statements for external investors while managerial accountants prepare financial statements for internal managers.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following best describes a data warehouse?

Accepted Answer

A) A repository of historical information from one accounting application 
B) A repository of historical information from a set of accounting applications 
C) A repository of information from a wide range of services-some not accounting-stored within a company 
D) A repository of information from many businesses in the same industry 
A) A repository of historical information from one accounting application 
B) A repository of historical information from a set of accounting applications 
C) A repository of information from a wide range of services-some not accounting-stored within a company 
D) A repository of information from many businesses in the same industry

The path that data follow in an AIS, for example from manual source document to completed output report, is called an audit trail.

In order to be useful, raw accounting data must be processed by a computer.

The purpose of the assurance services of an accounting firm is to give a company's managers moral support when they are audited by the federal or state government.

XBRL is a business reporting language that is used to define interactive financial data.

All of the following are possible uses of AIS or accounting personnel that were discussed in the chapter except:

The letter "P" in the acronym "ERP" stands for:

One major difference between financial accounting and managerial accounting is that financial accountants use dashboards while managerial accountants do not.

Within the traditional AIS, a sales order would not be considered an accounting transaction.

Which of the following describes "cloud computing"?

AISs are only concerned with financial information.

There are limited career opportunities available for students who study both accounting and information systems.

The starting point for an audit trail of a production department might be the purchase order for raw materials.

Managerial accounting principally provides decision?making information to a company's internal managers.

The starting point for an audit trail of a weekly payroll system might be an employee time card.

An example of a value-added reseller (VAR)is a dealer who sells software but does not help with the installation, training and customization of that software for the customer.

Accountants are usually classified as "line workers" within business organizations.

The Sarbanes-Oxley Act prohibits companies from using the same auditing firms for performing both auditing and management consulting services.

Because accountants are not normally computer programmers working within the information processing subsystem, it is unnecessary for them to understand the capabilities and limitations of computers.

One major difference between financial accounting and managerial accounting is that financial accountants prepare financial statements for external investors while managerial accountants prepare financial statements for internal managers.

Which of the following best describes a data warehouse?

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

The path that data follow in an AIS, for example from manual source document to completed output report, is called an audit trail.

In order to be useful, raw accounting data must be processed by a computer.

The purpose of the assurance services of an accounting firm is to give a company's managers moral support when they are audited by the federal or state government.

XBRL is a business reporting language that is used to define interactive financial data.

All of the following are possible uses of AIS or accounting personnel that were discussed in the chapter except:

The letter "P" in the acronym "ERP" stands for:

One major difference between financial accounting and managerial accounting is that financial accountants use dashboards while managerial accountants do not.

Within the traditional AIS, a sales order would not be considered an accounting transaction.

Which of the following describes "cloud computing"?

AISs are only concerned with financial information.

There are limited career opportunities available for students who study both accounting and information systems.

The starting point for an audit trail of a production department might be the purchase order for raw materials.

Managerial accounting principally provides decision?making information to a company's internal managers.

The starting point for an audit trail of a weekly payroll system might be an employee time card.

An example of a value-added reseller (VAR)is a dealer who sells software but does not help with the installation, training and customization of that software for the customer.

Accountants are usually classified as "line workers" within business organizations.

The Sarbanes-Oxley Act prohibits companies from using the same auditing firms for performing both auditing and management consulting services.

Because accountants are not normally computer programmers working within the information processing subsystem, it is unnecessary for them to understand the capabilities and limitations of computers.

One major difference between financial accounting and managerial accounting is that financial accountants prepare financial statements for external investors while managerial accountants prepare financial statements for internal managers.

Which of the following best describes a data warehouse?

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