Exam 1: Conceptual Foundations of Accounting Information Systems

In which transaction cycle would customer sales transaction information be most likely to pass between internal and external accounting information systems?

Information is ________ when two knowledgeable people independently produce the same information.

In which transaction cycle would information for inventory purchases be most likely to pass between internal and external accounting information systems?

Information is best described as

An accounting information system requires at least one computer.

Clemente Santiago has formed a business that sells carved gourmet coconuts.He has hired five employees.The most senior is Mary,who manages the carving process.Jane is the newest employee.She collects the coconuts.Joe takes calls from unhappy customers.Tom tosses finished coconuts into the sea,sending them to the wholesaler.Annie sends letters to the wholesaler extolling the virtues of the latest production run of nuts that are drifting across the bay. Which of the following functions in the value chain is Tom performing?

How can the value of the information produced by an accounting information system be determined? What would a measurement and verification expert think about quantification and verification of such information?

Arranging delivery of products to customers constitutes ________ in value chain analysis.

Information that does not omit important aspects of the underlying events or activities that it measures is

A change in the AIS that makes information more easily accessible and widely available within an organization is most likely to first influence the

Identify the piece of information below that is typically needed to hire and train employees.

Many modern accounting software packages offer separate transaction cycle modules.What is the reason for this?

The ________ is not a transaction cycle.

In which transaction cycle would information relating to employees benefit be most likely to pass between internal and external accounting information systems?

Discuss the concept of a system and the issues of goal conflict and goal congruence.

Discuss the seven characteristics of useful information.

In which transaction cycle would information for initiating back orders for out of stock goods be most likely to pass between internal and external accounting information systems?

How can an AIS become part of the firm's value chain and add value to the business?

A well-designed AIS can improve the decision making in an organization.Identify the statement below that describes a situation where an AIS may actually inhibit effective decision making.

Accounting information plays major roles in managerial decision making by