Exam 1: Accounting Information Systems: an Overview

Robinson Crusoe has formed a business that sells carved gourmet coconuts.He has hired five employees.The most senior is Friday,who manages the carving process.Monday is the newest employee.She collects the coconuts.Tuesday,as you might expect,takes calls from curstomers,oops,I mean customers,who are unhappy with their coconuts.Wednesday tosses finished coconuts into the sea,whereupon they drift to the wholesaler.Thursday sends smoke signals 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 Friday performing?

(Multiple Choice)

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Question 21

Message left on an answering machine: "Hi Bob! Just got into town.How about dinner this evening if you're available.Call me!"Which of the following characteristics of useful information is absent in the situation described above?

(Multiple Choice)

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Question 22

Which of the following is not one of the three basic types of data about a specific sales transaction that should be captured by an Accounting Information System?

(Multiple Choice)

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Question 23

The primary objective of accounting is to

(Multiple Choice)

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Question 24

Joe Marzetti has been the controller of Fairview 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 Marzetti.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?

(Multiple Choice)

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Question 25

An AIS provides value by

(Multiple Choice)

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Question 26

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

(Multiple Choice)

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Question 27

Define an accounting information system.

(Essay)

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Question 28

Razzmataz,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.Chuck Hewitt 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,Chuck complained that a report on tourist population that he uses to adjust processing volume refers to data that was collected five 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?

(Multiple Choice)

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Question 29

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

(Multiple Choice)

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Question 30

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

(Multiple Choice)

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Question 31

Robinson Crusoe has formed a business that sells carved gourmet coconuts.He has hired five employees.The most senior is Friday,who manages the carving process.Monday is the newest employee.She collects the coconuts.Tuesday,as you might expect,takes calls from curstomers,oops,I mean customers,who are unhappy with their coconuts.Wednesday tosses finished coconuts into the sea,whereupon they drift to the wholesaler.Thursday sends smoke signals 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 Wednesday performing?

(Multiple Choice)

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Question 32

When two knowledgeable people acting independently each produce the same information,this information is said to be

(Multiple Choice)

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Question 33

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

(Essay)

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Question 34

Tri-Anything,Limited,is a British 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:

(Multiple Choice)

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Question 35

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

(Essay)

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Question 36

Refer to the chart above.At what point,measured in terms of the net cost of information,does information overload begin?

(Multiple Choice)

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Question 37

A good example of how an AIS is used to share knowledge within an organization is

(Multiple Choice)

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Question 38

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

(Essay)

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Question 39

Groups of related business activities such as the acquisition of merchandise and payment of vendors are called

(Multiple Choice)

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Question 40

Showing 21 - 40 of 79

Message left on an answering machine: "Hi Bob! Just got into town.How about dinner this evening if you're available.Call me!"Which of the following characteristics of useful information is absent in the situation described above?

Which of the following is not one of the three basic types of data about a specific sales transaction that should be captured by an Accounting Information System?

The primary objective of accounting is to

An AIS provides value by

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

Define an accounting information system.

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

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

When two knowledgeable people acting independently each produce the same information,this information is said to be

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

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

Refer to the chart above.At what point,measured in terms of the net cost of information,does information overload begin?

A good example of how an AIS is used to share knowledge within an organization is

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

Groups of related business activities such as the acquisition of merchandise and payment of vendors are called

Overview of Transaction Processing and Erp Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Information Systems Controls for System Reliability Part 1: Information Security

Information Systems Controls for Systems Reliability Part 2: Confidentiality and Privacy

Information Systems Controls for Systems Reliability Part 3: Processing Integrity and Availability

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

The Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

Filters