Exam 1: Accounting Information Systems and the Accountant

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

AISs are only concerned with financial information.

Which of the following is intended to solve the problem that financial data used in one application is not easily transferable to other applications?

As used in this chapter, the acronym SAR stands for "suspicious accounting reports."

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

Accounting systems are useful for performing accounting tasks, but cannot be used for such security purposes as countering terrorism.

Which of the following is true about the terms "data" and "information" within the context of Chapter 1?

Which of these businesses is not required to report suspicious activities under current federal laws?

"Excessive data reporting" can result in:

Which of these statements best describes the relationship between "AISs" and "countering terrorism?"

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.

The "S" in the acronym "AIS" stands for:

Information systems auditors are:

A company's audit trail is normally easier to follow under a manual data processing system compared to a computerized information processing system.

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

AISs often create information that is useful to non-accountants.

The authors consider accountants to be "knowledge workers."

Which of these is least likely to be an example of a cloud computing service?

An advantage of computerized AISs is that they do not need to be programmed to catch simple input errors such as entering "4.0" instead of "40.0" for hours worked in a payroll application.

The Sarbanes-Oxley Act includes a provision that requires documenting and evaluating IT controls.