Exam 1: Introduction to Accounting Information Systems

Production and personnel are part of the operations process.

GAAP is applied ____________________ when we can compare financial statements and related information from one period to the next.

The ability of more than one individual to come to the same measurement is known as

Billing/accounts receivable is traditionally part of the AIS.

The _________________________ Act of 2002 changed the daily work of financial accountants, auditors, and others.

Which of the following questions might the accountant answer in the design of the AIS?

Accuracy is the correspondence or agreement between the information and the actual events or objects that the information represents.

A man made system consisting of people, authority, organization, policies and procedures with the objective of accomplishing the work of the planning and controlling the operations of the organization.

Describe the three roles that an accountant can play in the AIS?

____________________ is the application of electronic networks (including the Internet) to undertake business processes between individuals and organizations.

Which of the following statements is false?

All of the following are components of reliability except:

The correspondence or agreement between the information and the actual events or objects that the information represents is known as

____ requires information to assess the environment and to project future events and conditions.

The three themes of the text are operating systems, e-business, and internal control.

The consistency principle is violated when a firm uses straight-line depreciation one year and changes to declining balance depreciation the next year.

Internal control issues are some of the questions the accountant answer in the design of the AIS.

Sarbanes-Oxley Section 404 compliance is a major line of business for the biggest accounting firms.

Enterprise systems provide complete integration of an organization's business events and information processing systems.

Section ____________________ of the Sarbanes-Oxley Act of 2002 requires disclosure to the public on a rapid and current basis of material changes in an organization's financial condition.