Question 1

When the AIS provides information in a timely and accurate manner,it stands as an example of

Accepted Answer

A) improved decision making. 
B) improving the quality and reducing the costs of products or services. 
C) improving efficiency. 
D) all of the above 
A) improved decision making. 
B) improving the quality and reducing the costs of products or services. 
C) improving efficiency. 
D) all of the above

Question 2

Corporate strategy should affect the way a firm deploys an accounting information system.

Accepted Answer

A) True 
 B)False

Question 3

How can an AIS add value to the organization?

Accepted Answer

An AIS can increase the efficiency and e

Question 4

Which of the following is a primary activity in the value chain?

Accepted Answer

A) infrastructure 
B) technology 
C) purchasing 
D) marketing and sales 
A) infrastructure 
B) technology 
C) purchasing 
D) marketing and sales

Question 5

How are "Give and Take" transactions classified in business today and what impact does this have on AIS?

Accepted Answer

The concept of "Give and Take" transacti

Question 6

Differentiate between an AIS course and other accounting courses.

Accepted Answer

Other accounting courses assume the prep

Question 7

Chopra,Limited,is an Indian company operating in New York state.It offers stylized,boutique public relations services to upscale retailers in quaint New England towns.A major source of revenue is a weekly newsletter that reports on current and projected tourist travel and spending patterns.Preparation of the newsletter requires study and analysis of weather conditions,economic activity,and travel costs.It is available at an annual subscription rate of $299.99.There are currently 190 subscribers.Preparation and distribution of the newsletter costs $12,000 annually.The value of information to subscribers is

Accepted Answer

A) $236.83. 
B) $44,998.10. 
C) less than $63.16. 
D) at least $300.00. 
A) $236.83. 
B) $44,998.10. 
C) less than $63.16. 
D) at least $300.00.

Question 8

Which of the following is not an example of a common activity in an AIS?

Accepted Answer

A) buy and pay for goods and services 
B) sell goods and services and collect cash 
C) summarize and report results to interested parties 
D) record sales calls for marketing purposes 
A) buy and pay for goods and services 
B) sell goods and services and collect cash 
C) summarize and report results to interested parties 
D) record sales calls for marketing purposes

Question 9

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?

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 10

Transaction cycles can be summarized on a high level as "give-get" transactions.An example of "give-get" in the revenue cycle would be

Accepted Answer

A) give cash, get goods. 
B) give goods, get cash. 
C) give cash, get labor. 
D) give cash, get cash. 
A) give cash, get goods. 
B) give goods, get cash. 
C) give cash, get labor. 
D) give cash, get cash.

Question 11

Identify how firms use predictive analysis.

Accepted Answer

A) to provide an educated guess regarding what is expected to occur in the near future 
B) to engage in data warehousing 
C) to engage in a low-cost strategy 
D) to design the most effective accounting information system 
A) to provide an educated guess regarding what is expected to occur in the near future 
B) to engage in data warehousing 
C) to engage in a low-cost strategy 
D) to design the most effective accounting information system

Question 12

One group that relies on both the adequate collection and transformation of data for decision-making purposes for an organization is

Accepted Answer

A) management. 
B) interested outsiders. 
C) competitors. 
D) the government. 
A) management. 
B) interested outsiders. 
C) competitors. 
D) the government.

Question 13

Who of the following would not be involved in the expenditure cycle?

Accepted Answer

A) Accounts payable clerk. 
B) Receiving clerk. 
C) Cashier. 
D) Requisition manager. 
A) Accounts payable clerk. 
B) Receiving clerk. 
C) Cashier. 
D) Requisition manager.

Question 14

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

Accepted Answer

A) verifiable 
B) relevant 
C) reliable 
D) complete 
A) verifiable 
B) relevant 
C) reliable 
D) complete

Question 15

Define an accounting information system.

Accepted Answer

An AIS is a system that collec

Question 16

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 Joe performing?

Accepted Answer

A) Inbound logistics 
B) Operations 
C) Outbound logistics 
D) Marketing and sales 
E) Service 
A) Inbound logistics 
B) Operations 
C) Outbound logistics 
D) Marketing and sales 
E) Service

Question 17

Identify the party below that is not external to the firm.

Accepted Answer

A) customer 
B) vendor 
C) government agencies 
D) CEO 
A) customer 
B) vendor 
C) government agencies 
D) CEO

Question 18

Explain what an AIS is,describe the basic tasks it performs in an organization,and give some examples of the types of accounting transactions it processes.

Accepted Answer

An AIS consists of six components: peopl

Question 19

The process of creating value for customers is the result of nine activities that form a

Accepted Answer

A) value chain. 
B) capitalist operation. 
C) profitable business. 
D) information system. 
A) value chain. 
B) capitalist operation. 
C) profitable business. 
D) information system.

Question 20

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

Accepted Answer

A) job descriptions 
B) vendor performance 
C) market coverage 
D) capacity needs 
A) job descriptions 
B) vendor performance 
C) market coverage 
D) capacity needs

When the AIS provides information in a timely and accurate manner,it stands as an example of

Corporate strategy should affect the way a firm deploys an accounting information system.

How can an AIS add value to the organization?

Which of the following is a primary activity in the value chain?

How are "Give and Take" transactions classified in business today and what impact does this have on AIS?

Differentiate between an AIS course and other accounting courses.

Which of the following is not an example of a common activity in an AIS?

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?

Transaction cycles can be summarized on a high level as "give-get" transactions.An example of "give-get" in the revenue cycle would be

Identify how firms use predictive analysis.

One group that relies on both the adequate collection and transformation of data for decision-making purposes for an organization is

Who of the following would not be involved in the expenditure cycle?

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

Define an accounting information system.

Identify the party below that is not external to the firm.

Explain what an AIS is,describe the basic tasks it performs in an organization,and give some examples of the types of accounting transactions it processes.

The process of creating value for customers is the result of nine activities that form a

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

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

When the AIS provides information in a timely and accurate manner,it stands as an example of

Corporate strategy should affect the way a firm deploys an accounting information system.

How can an AIS add value to the organization?

Which of the following is a primary activity in the value chain?

How are "Give and Take" transactions classified in business today and what impact does this have on AIS?

Differentiate between an AIS course and other accounting courses.

Which of the following is not an example of a common activity in an AIS?

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?

Transaction cycles can be summarized on a high level as "give-get" transactions.An example of "give-get" in the revenue cycle would be

Identify how firms use predictive analysis.

One group that relies on both the adequate collection and transformation of data for decision-making purposes for an organization is

Who of the following would not be involved in the expenditure cycle?

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

Define an accounting information system.

Identify the party below that is not external to the firm.

Explain what an AIS is,describe the basic tasks it performs in an organization,and give some examples of the types of accounting transactions it processes.

The process of creating value for customers is the result of nine activities that form a

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

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