Exam 1: Introduction to Accounting Information Systems

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If information arrives too late to impact a decision then there is a problem with

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____ requires information that focuses on the day to day management of the business.

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Information that is capable of making a difference in a decision of a user is said to possess the quality of ____________________.

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The process of selecting the organization's long term objectives such as product lines and profitability is

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The MIS is a subsystem of the AIS.

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Describe each of the following items from the management problem structure: a.Strategic planning b.Tactical planning c.Operations planning

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Internal control is a process that provides complete assurance that the organization is meeting its objectives, such as efficiency and effectiveness of operations and reliable reporting.

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A system can be further divided into

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____ is (are) data presented in a form that is useful to decision makers.

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The functional model of an information system can be described as

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To provide non-audit ____________________ services the accountant will be required to have core competencies that include "interpretation of converging information" (able to interpret and provide a broader context using financial and nonfinancial information) and ''technology adept'' (able to use and leverage technology in ways that add value to clients, customers, and employers).

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According to the Sarbanes-Oxley Act of 2002, management must audit and report on auditors' assertions about the organizations' systems of internal controls.

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Which of the following is an element of the operations process?

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The Sarbanes Oxley Act of 2002 applies to publicly traded companies and not-for-profit entities.

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The management process includes marketing and sales.

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