Question 1

Accounting information plays major roles in managerial decision making by

Accepted Answer

A) identifying situations requiring management action. 
B) reducing uncertainty. 
C) providing a basis for choosing among alternative actions. 
D) all of the above 
A) identifying situations requiring management action. 
B) reducing uncertainty. 
C) providing a basis for choosing among alternative actions. 
D) all of the above

Question 2

The American Institute of Certified Public Accountants (AICPA)has recognized the importance of AIS and the major impact information technology has on the area of accounting.To recognize individual CPAs who have met educational and experiential requirements in this area,the group formally created the designation known as

Accepted Answer

A) the Certified Information Auditor. 
B) the Certified Internal Auditor. 
C) the Certified Information Technology Professional. 
D) the Certified Data Processing Professional. 
A) the Certified Information Auditor. 
B) the Certified Internal Auditor. 
C) the Certified Information Technology Professional. 
D) the Certified Data Processing Professional.

Question 3

Information is best described as

Accepted Answer

A) raw facts about transactions. 
B) data that has been organized and processed so that it is meaningful to the user. 
C) facts that are useful when processed in a timely manner. 
D) the same thing as data. 
A) raw facts about transactions. 
B) data that has been organized and processed so that it is meaningful to the user. 
C) facts that are useful when processed in a timely manner. 
D) the same thing as data.

Question 4

The primary objective of accounting is to

Accepted Answer

A) implement strong internal controls. 
B) provide useful information to decision makers. 
C) prepare financial statements. 
D) ensure the profitability of an organization. 
A) implement strong internal controls. 
B) provide useful information to decision makers. 
C) prepare financial statements. 
D) ensure the profitability of an organization.

Question 5

Which of the following is not an example of how an AIS adds value to an organization?

Accepted Answer

A) Patient information at a hospital are encrypted and made only available on the hospital's network to the patient with an access code. 
B) Patient billing information at a hospital are encrypted and made only available on the hospital's network to insurance companies with an access code. 
C) Patient information at a hospital are encrypted and made only available on the hospital's webpage to anyone with access to a search engine. 
D) Patient information at a hospital are encrypted and made only available on the hospital's network to healthcare professional with an access code. 
A) Patient information at a hospital are encrypted and made only available on the hospital's network to the patient with an access code. 
B) Patient billing information at a hospital are encrypted and made only available on the hospital's network to insurance companies with an access code. 
C) Patient information at a hospital are encrypted and made only available on the hospital's webpage to anyone with access to a search engine. 
D) Patient information at a hospital are encrypted and made only available on the hospital's network to healthcare professional with an access code.

Question 6

Identify the piece of information below that is typically needed to acquire inventory.

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

Question 7

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 the same information can be reproduced by two independent and knowledgeable people,it is representative of the characteristic of

Accepted Answer

A) reliability. 
B) relevance. 
C) verifiability. 
D) truthful. 
A) reliability. 
B) relevance. 
C) verifiability. 
D) truthful.

Question 8

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 Mary 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 9

The value chain concept is composed of two types of activities known as

Accepted Answer

A) primary and support. 
B) primary and secondary. 
C) support and value. 
D) technology and support. 
A) primary and support. 
B) primary and secondary. 
C) support and value. 
D) technology and support.

Question 10

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

Accepted Answer

A) customer 
B) management 
C) employees 
D) CEO 
A) customer 
B) management 
C) employees 
D) CEO

Question 11

Which of the following is a true statement?

Accepted Answer

A) Business strategy directly influences AIS, but not information technology. 
B) Information technology directly influences organizational culture, but not business strategy. 
C) Organizational culture directly influences business strategy, but not AIS. 
D) AIS directly influences information technology, but not business strategy. 
A) Business strategy directly influences AIS, but not information technology. 
B) Information technology directly influences organizational culture, but not business strategy. 
C) Organizational culture directly influences business strategy, but not AIS. 
D) AIS directly influences information technology, but not business strategy.

Question 12

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 Annie 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 13

Define the concept of a system.

Accepted Answer

A system is a set of two or mo

Question 14

Define data,information,and how the value of information is determined.

Accepted Answer

Data: facts that are collected,entered,r

Question 15

Discuss the components of a supply chain.

Accepted Answer

The supply chain shows how an organizati

Accounting information plays major roles in managerial decision making by

Information is best described as

The primary objective of accounting is to

Which of the following is not an example of how an AIS adds value to an organization?

Identify the piece of information below that is typically needed to acquire inventory.

The value chain concept is composed of two types of activities known as

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

Which of the following is a true statement?

Define the concept of a system.

Define data,information,and how the value of information is determined.

Discuss the components of a supply chain.

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

Accounting information plays major roles in managerial decision making by

Information is best described as

The primary objective of accounting is to

Which of the following is not an example of how an AIS adds value to an organization?

Identify the piece of information below that is typically needed to acquire inventory.

The value chain concept is composed of two types of activities known as

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

Which of the following is a true statement?

Define the concept of a system.

Define data,information,and how the value of information is determined.

Discuss the components of a supply chain.

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