Exam 1: Introduction to Accounting Information Systems

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Generally, which of the following is NOT one of the three roles an accountant typically fills in relation to the AIS?

(Multiple Choice)
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Information has understandability when it is capable of making a difference in a decision-making situation..

(True/False)
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Describe the activities performed and information used by each of the following levels in the management structure: a.Strategic management b.Tactical management c.Operations management

(Essay)
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______________________________ is the degree to which information includes data about every relevant object or event necessary to make a decision and includes that information only once.

(Short Answer)
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______________________________, ______________________________, and ______________________________ are the three themes of the textbook.

(Short Answer)
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Information about actual authorized events and objects has ______________________________.

(Short Answer)
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The three logical components of a business process include all of the following except:

(Multiple Choice)
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Information that is available before it loses its capacity to influence a user's decision possesses the quality of ______________________________.

(Short Answer)
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A(n) ______________________________ is a set of independent elements that together accomplish specific objectives.

(Short Answer)
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Which of the following statements is true?

(Multiple Choice)
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The quality of information that enables users to identify similarities and differences in two pieces of information is referred to as ______________________________.

(Short Answer)
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To present the results of their endeavors effectively, accountants must possess strong ______________________________.

(Short Answer)
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At which level of the organization are decisions most unstructured?

(Multiple Choice)
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The ____________ _________________ units of large and small public accounting firms have accounted for a significant percentage of the firms' business and were growing faster than the accounting, auditing, and tax portions of their businesses.

(Short Answer)
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According to the Sarbanes-Oxley Act of 2002, management must identify, document, and evaluate significant internal controls.

(True/False)
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Historically, the accountant has performed a(n) ______________________________ function to determine the reliability of financial information presented in printed financial statements.

(Short Answer)
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A system that consists of an integrated set of computer-based and manual components established to collect, store, and manage data and to provide output information to users is a(n)

(Multiple Choice)
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The __________ of information must be evaluated in relation to the purpose to be served (decision making).

(Short Answer)
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According to the Sarbanes-Oxley Act's Section 409, material changes in the organization's financial condition must be disclosed to the public on a rapid and current basis.

(True/False)
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Sarbanes-Oxley Section 404 compliance is a major line of business for the biggest accounting firms.

(True/False)
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