Question 1

Why have accounting software packages been designed with separate transaction modules?

Accepted Answer

Since every organization does not necess

Question 2

Which of the following statements below shows the contrast between data and information?

Accepted Answer

A) Data is the output of an AIS. 
B) Information is the primary output of an AIS. 
C) Data is more useful in decision making than information. 
D) Data and information are the same. 
A) Data is the output of an AIS. 
B) Information is the primary output of an AIS. 
C) Data is more useful in decision making than information. 
D) Data and information are the same.

Question 3

The transaction cycle approach yields efficiencies when processing of a large number of transactions because

Accepted Answer

A) a large number of transactions within a given cycle can be categorized into a relatively small number of distinct types. 
B) transaction cycles are easier to computerize. 
C) the transaction cycle approach represents the natural order of business. 
D) transaction cycles are easy to understand. 
A) a large number of transactions within a given cycle can be categorized into a relatively small number of distinct types. 
B) transaction cycles are easier to computerize. 
C) the transaction cycle approach represents the natural order of business. 
D) transaction cycles are easy to understand.

Question 4

In which transaction cycle would information for borrowing money 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 5

What is the purpose behind the five primary activities in the value chain?

Accepted Answer

The goal of the five primary activities

Question 6

Define an accounting information system.

Accepted Answer

An AIS is a system that collec

Question 7

________ 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 8

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

Accepted Answer

A) organizational culture. 
B) customer base. 
C) external financial statement users. 
D) production activity. 
A) organizational culture. 
B) customer base. 
C) external financial statement users. 
D) production activity.

Question 9

Paid time-off policies,job descriptions,and procedures manuals are examples of information needed to support key decisions in what business process?

Accepted Answer

A) hire and train employees 
B) acquire inventory 
C) sell merchandise 
D) collect payment from customers 
A) hire and train employees 
B) acquire inventory 
C) sell merchandise 
D) collect payment from customers

Question 10

Differentiate between an AIS course and other accounting courses.

Accepted Answer

Other accounting courses assume the prep

Question 11

The ________ is not a transaction cycle.

Accepted Answer

A) general ledger and reporting cycle 
B) expenditure cycle 
C) revenue cycle 
D) human resources cycle 
A) general ledger and reporting cycle 
B) expenditure cycle 
C) revenue cycle 
D) human resources cycle

Question 12

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 13

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 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

Discuss the components of a supply chain.

Accepted Answer

The supply chain shows how an organizati

Question 16

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 17

Identify the components of an accounting information system.

Accepted Answer

A well-designed AIS consists o

Question 18

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

Accepted Answer

A) shipping 
B) inbound logistics 
C) outbound logistics 
D) delivery 
A) shipping 
B) inbound logistics 
C) outbound logistics 
D) delivery

Question 19

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 20

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

Accepted Answer

A) the use of a corporate database to help staff identify the relevant experts who can help with a particular client. 
B) the use of tablets to access a network for messaging worldwide. 
C) the monitoring of production equipment to watch for defects. 
D) the use of point-of-sale data to determine hot-selling items. 
A) the use of a corporate database to help staff identify the relevant experts who can help with a particular client. 
B) the use of tablets to access a network for messaging worldwide. 
C) the monitoring of production equipment to watch for defects. 
D) the use of point-of-sale data to determine hot-selling items.

Exam 1: Accounting Information Systems: an Overview

Why have accounting software packages been designed with separate transaction modules?

Which of the following statements below shows the contrast between data and information?

The transaction cycle approach yields efficiencies when processing of a large number of transactions because

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

What is the purpose behind the five primary activities in the value chain?

Define an accounting information system.

________ are examples of activities that constitute inbound logistics

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

Paid time-off policies,job descriptions,and procedures manuals are examples of information needed to support key decisions in what business process?

Differentiate between an AIS course and other accounting courses.

The ________ is not a transaction cycle.

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

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

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

Discuss the components of a supply chain.

Information is best described as

Identify the components of an accounting information system.

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

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

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

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 .