Question 1

Receiving goods from vendors is part of which cycle?

Accepted Answer

A) the revenue cycle 
B) the financing cycle 
C) the expenditure cycle 
D) the payroll cycle 
A) the revenue cycle 
B) the financing cycle 
C) the expenditure cycle 
D) the payroll cycle

Question 2

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

Accepted Answer

A) the revenue cycle 
B) the expenditure cycle 
C) the human resources / payroll cycle 
D) the financing cycle 
A) the revenue cycle 
B) the expenditure cycle 
C) the human resources / payroll cycle 
D) the financing cycle

Question 3

What is the CITP designation and why is it important to AIS?

Accepted Answer

The CITP designation stands for "Certifi

Question 4

A value chain typically consists of five primary activities that can directly provide value to customers.The activities that help to transform inputs into final products or services represent

Accepted Answer

A) inbound logistics. 
B) outbound logistics. 
C) marketing and sales. 
D) operations. 
A) inbound logistics. 
B) outbound logistics. 
C) marketing and sales. 
D) operations.

Question 5

Inventory information for Sun Corp.is provided in real time by a firm's accounting information system.However,the accuracy of this information is questionable.Many store managers often report stock outs of components that the system indicates are in stock.Which of the following characteristics of useful information is absent in the situation described above?

Accepted Answer

A) relevant 
B) reliable 
C) complete 
D) timely 
E) understandable
F)verifiable
G)accessible 
A) relevant 
B) reliable 
C) complete 
D) timely 
E) understandable
F)verifiable
G)accessible

Question 6

Data must be converted into information to be considered useful and meaningful for decision making.There are seven characteristics that make information both useful and meaningful.If information is free from error or bias and accurately represents the events or activities of the organization,it is representative of the characteristic of

Accepted Answer

A) relevancy. 
B) timeliness. 
C) understandability. 
D) reliability. 
A) relevancy. 
B) timeliness. 
C) understandability. 
D) reliability.

Question 7

An AIS that makes information more easily accessible and more widely available is likely to increase pressure for

Accepted Answer

A) centralization and defined procedures. 
B) centralization and autonomy. 
C) decentralization and defined procedures. 
D) decentralization and autonomy. 
A) centralization and defined procedures. 
B) centralization and autonomy. 
C) decentralization and defined procedures. 
D) decentralization and autonomy.

Question 8

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?

Accepted Answer

A well-designed AIS improves the efficie

Question 9

Discuss the seven characteristics of useful information.

Accepted Answer

The seven characteristics of useful info

Question 10

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

Accepted Answer

The AIS can add value by: helping to imp

Question 11

An accounting information system (AIS)processes ________ to provide users with ________.

Accepted Answer

A) data; information 
B) data; transactions 
C) information; data 
D) data; benefits 
A) data; information 
B) data; transactions 
C) information; data 
D) data; benefits

Question 12

________ are examples of activities that constitute inbound logistics.

Accepted Answer

A) Activities that transform inputs into final products or services 
B) Activities that consist of receiving, storing, and distributing the materials used as inputs by the organization to create goods and/or services it sells 
C) Activities that provide post-sale support to customers 
D) Activities that help customers to buy the organization's products or services 
A) Activities that transform inputs into final products or services 
B) Activities that consist of receiving, storing, and distributing the materials used as inputs by the organization to create goods and/or services it sells 
C) Activities that provide post-sale support to customers 
D) Activities that help customers to buy the organization's products or services

Question 13

Sam Jones has been the controller of Downtown Tires for 25 years.Ownership of the firm recently changed hands and the new owners are conducting an audit of the financial records.The audit has been unable to reproduce financial reports that were prepared by Sam.While there is no evidence of wrongdoing,the auditors are concerned that the discrepancies might contribute to poor decisions.Which of the following characteristics of useful information is absent in the situation described above?

Accepted Answer

A) relevant 
B) reliable 
C) complete 
D) timely 
E) understandable
F)verifiable
G)accessible 
A) relevant 
B) reliable 
C) complete 
D) timely 
E) understandable
F)verifiable
G)accessible

Question 14

When a subsystem's goals are inconsistent with the goals of another subsystem or with the system as a whole,it creates

Accepted Answer

A) system inconsistence. 
B) system conflict. 
C) goal inconsistence. 
D) goal conflict. 
A) system inconsistence. 
B) system conflict. 
C) goal inconsistence. 
D) goal conflict.

Question 15

In 2015,Singh Manufacturing implemented a Web-based information system that allows all employees to access mission-critical information.The intention was to increase production efficiency.Unfortunately,it had the opposite effect,as deliveries fell behind schedule and costs increased.Shaman Gupta,the director of information technology services,asked Ashlee Wells to come in and talk with him about the system.Ashlee is a long-time employee of Singh,and her opinion is valued by her peers and by her supervisor. "So Ashlee,how's it going down there in the shop?"
"Not so good,Shaman.Used to be we got a weekly pick list so we knew how to plan production.Now,we got that computer system.Most of us can't figure out how to use it to do our jobs.Is there some way to print out a pick list?"
Shaman thought for a while before responding."Well,Ashlee,to tell you the truth,I'm not so sure how to do it myself,but there must be a way.We'll bring in the consultants that helped us build the system.Maybe they can help."
Which of the following characteristics of useful information is absent in the situation described above?

Accepted Answer

A) relevant 
B) reliable 
C) complete 
D) timely 
E) understandable
F)verifiable
G)accessible 
A) relevant 
B) reliable 
C) complete 
D) timely 
E) understandable
F)verifiable
G)accessible

Question 16

Wisconsin Dells,Wisconsin,is a popular tourist destination.During the winter months,the population dwindles to a meager few,but when summer comes,the size of the town surges.Hunter Jackson is the town sanitation engineer.When the size of the town surges,so do his responsibilities.Among them is management of the sewage processing volume. In an interview with the local paper,Hunter complained that a report on tourist population that he uses to adjust processing volume refers to data that was not always accurate and it is really giving him a hard time to make adjustments.
Which of the following characteristics of useful information is absent in the situation described above?

Accepted Answer

A) relevant 
B) reliable 
C) complete 
D) timely 
E) understandable
F)verifiable
G)accessible 
A) relevant 
B) reliable 
C) complete 
D) timely 
E) understandable
F)verifiable
G)accessible

Question 17

Who of the following is not a stakeholder with whom an accounting information system typically communicates directly?

Accepted Answer

A) The federal government. 
B) Venture capitalist. 
C) Company that supplies raw material. 
D) Company that purchases finished goods for resale to consumers. 
A) The federal government. 
B) Venture capitalist. 
C) Company that supplies raw material. 
D) Company that purchases finished goods for resale to consumers.

Question 18

In which transaction cycle would information for retiring long-term debt be most likely to pass between internal and external accounting information systems?

Accepted Answer

A) the revenue cycle 
B) the expenditure cycle 
C) the human resources / payroll cycle 
D) the financing cycle 
A) the revenue cycle 
B) the expenditure cycle 
C) the human resources / payroll cycle 
D) the financing cycle

Question 19

Wisconsin Dells,Wisconsin,is a popular tourist destination.During the winter months,the population dwindles to a meager few,but when summer comes,the size of the town surges.Hunter Jackson is the town sanitation engineer.When the size of the town surges,so do his responsibilities.Among them is management of the sewage processing volume. In an interview with the local paper,Hunter complained that a report on tourist population that he uses to adjust processing volume refers to data that was collected four days ago and it takes him a week to make adjustments.
Which of the following characteristics of useful information is absent in the situation described above?

Accepted Answer

A) relevant 
B) reliable 
C) complete 
D) timely 
E) understandable
F)verifiable
G)accessible 
A) relevant 
B) reliable 
C) complete 
D) timely 
E) understandable
F)verifiable
G)accessible

Question 20

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

Accepted Answer

A) the revenue cycle 
B) the expenditure cycle 
C) the human resources / payroll cycle 
D) the financing cycle 
A) the revenue cycle 
B) the expenditure cycle 
C) the human resources / payroll cycle 
D) the financing cycle

Receiving goods from vendors is part of which cycle?

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

What is the CITP designation and why is it important to AIS?

A value chain typically consists of five primary activities that can directly provide value to customers.The activities that help to transform inputs into final products or services represent

An AIS that makes information more easily accessible and more widely available is likely to increase pressure for

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?

Discuss the seven characteristics of useful information.

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

An accounting information system (AIS)processes to provide users with .

________ are examples of activities that constitute inbound logistics.

When a subsystem's goals are inconsistent with the goals of another subsystem or with the system as a whole,it creates

Who of the following is not a stakeholder with whom an accounting information system typically communicates directly?

In which transaction cycle would information for retiring long-term debt be most likely to pass between internal and external accounting information systems?

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

Overview of Transaction Processing and Enterprise Resource Planning Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Controls for Information Security

Confidentiality and Privacy Controls

Processing Integrity and Availability Controls

Auditing Computer-Based Information Systems

The Revenue Cycle: Sales to Cash Collections

The Expenditure Cycle: Purchasing to Cash Disbursements

The Production Cycle

The Human Resources Management and Payroll Cycle

General Ledger and Reporting System

Database Design Using the Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development and Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters

Exam 1: Conceptual Foundations of Accounting Information Systems

Receiving goods from vendors is part of which cycle?

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

What is the CITP designation and why is it important to AIS?

A value chain typically consists of five primary activities that can directly provide value to customers.The activities that help to transform inputs into final products or services represent

An AIS that makes information more easily accessible and more widely available is likely to increase pressure for

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?

Discuss the seven characteristics of useful information.

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

An accounting information system (AIS)processes ________ to provide users with ________.

________ are examples of activities that constitute inbound logistics.

When a subsystem's goals are inconsistent with the goals of another subsystem or with the system as a whole,it creates

Who of the following is not a stakeholder with whom an accounting information system typically communicates directly?

In which transaction cycle would information for retiring long-term debt be most likely to pass between internal and external accounting information systems?

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

Overview of Transaction Processing and Enterprise Resource Planning Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Controls for Information Security

Confidentiality and Privacy Controls

Processing Integrity and Availability Controls

Auditing Computer-Based Information Systems

The Revenue Cycle: Sales to Cash Collections

The Expenditure Cycle: Purchasing to Cash Disbursements

The Production Cycle

The Human Resources Management and Payroll Cycle

General Ledger and Reporting System

Database Design Using the Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development and Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters

An accounting information system (AIS)processes to provide users with .