Exam 1: Introduction to Accounting Information Systems

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A(n) ____________________ system generally consists of both computerized and manual components that operate to collect, store, and manage data and to provide output information to users.

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

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___________________________________, ____________________, and ______________________________ are the three themes of the textbook.

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The Sarbanes-Oxley Act's Section 404 creates changes in both how companies document and evaluate internal control and how auditors audit and report on internal control.

(True/False)
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Knowledge of Microsoft Access was identified as one of the ten most important 2008 technological challenges and opportunities facing CPAs.

(True/False)
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A man made system consisting of people, equipment, organization, policies and procedures with the objective of accomplishing the work of the organization.

(Multiple Choice)
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Information that improves a decision makers ability to predict, confirm, or correct earlier expectations has the quality known as ______________________________.

(Short Answer)
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The highest level of management activity and the one with the broadest scope is ____________________ management.

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____ are facts and figures in raw form.

(Multiple Choice)
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At which level of the organization are decisions most unstructured?

(Multiple Choice)
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Sales/marketing information system is traditionally part of the AIS.

(True/False)
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The ______________________________ units of the Big Four public accounting firms have accounted for a significant percentage of the firm's business and were growing faster than the accounting, auditing, and tax portions of their businesses.

(Short Answer)
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Financial care for the elderly has been identified by the AICPA as a potential assurance service.

(True/False)
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Mobile and remote computing was identified as one of the ten most important 2008 technological challenges and opportunities facing CPAs.

(True/False)
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The central repository for all the data related to the enterprise's business activities and resources.

(Multiple Choice)
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Middle management requires information that is more accurate and timely than strategic management.

(True/False)
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The Sarbanes-Oxley Act of 2002 has dramatically changed the daily work of financial accountants and auditors.

(True/False)
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_________________________ is a process-effected by an entity's board of directors, management, and other personnel- designed to provide reasonable assurance regarding achieving objectives in the following categories: efficiency and effectiveness of operations, reliability of reporting, and compliance with applicable laws and regulations.

(Short Answer)
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Generally, the benefits obtained from improved information are easier to measure than the costs of obtaining those benefits.

(True/False)
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Accounting is an activity of the

(Multiple Choice)
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