Question 1

The major difference between the financial reporting system (FRS)and the management reporting system (MRS)is the

Accepted Answer

A) FRS provides information to internal and external users; the MRS provides information to internal users 
B) FRS provides discretionary information; the MRS provides nondiscretionary information 
C) FRS reports are prepared using information provided by the general ledger system; the MRS provides information to the general ledger system 
D) FRS reports are prepared in flexible, nonstandard formats; the MRS reports are prepared in standardized, formal formats 
A) FRS provides information to internal and external users; the MRS provides information to internal users 
B) FRS provides discretionary information; the MRS provides nondiscretionary information 
C) FRS reports are prepared using information provided by the general ledger system; the MRS provides information to the general ledger system 
D) FRS reports are prepared in flexible, nonstandard formats; the MRS reports are prepared in standardized, formal formats

Question 2

Which of the following is not a production support activity?

Accepted Answer

A) maintenance 
B) marketing 
C) production planning 
D) quality control 
A) maintenance 
B) marketing 
C) production planning 
D) quality control

Question 3

Name the five characteristics of information.

Accepted Answer

Relevance,accuracy,c

Question 4

An example of a financial transaction is

Accepted Answer

A) the purchase of computer 
B) a supplier's price list 
C) a delivery schedule 
D) an employee benefit brochure 
A) the purchase of computer 
B) a supplier's price list 
C) a delivery schedule 
D) an employee benefit brochure

Question 5

The author distinguishes between the accounting information system and the management information system based on

Accepted Answer

A) whether the transactions are financial or nonfinancial 
B) whether discretionary or nondiscretionary reports are prepared 
C) the end users of the reports 
D) the organizational structure of the business 
A) whether the transactions are financial or nonfinancial 
B) whether discretionary or nondiscretionary reports are prepared 
C) the end users of the reports 
D) the organizational structure of the business

Question 6

Transactions with trading partners include ____________________ and ____________________.

Accepted Answer

The answer of Transactions with trading partners include ____________________ and...

Question 7

Several advantages of cloud computing have been discussed.Discuss at least three.

Accepted Answer

The advantages of cloud comput

Question 8

In a database,a complete set of attributes for a single occurrence of an entity class is called a

Accepted Answer

A) key 
B) file 
C) record 
D) character 
A) key 
B) file 
C) record 
D) character

Question 9

What factors motivate management to outsource IT?

Accepted Answer

Management may be motivated to outsource

Question 10

Describe the problem of data redundancy.

Accepted Answer

Information systems have limited collect

Question 11

Which subsystem is not part of the accounting information system?

Accepted Answer

A) transaction processing system 
B) expert system 
C) general ledger/financial reporting system 
D) management reporting system 
A) transaction processing system 
B) expert system 
C) general ledger/financial reporting system 
D) management reporting system

Question 12

Which of the following is not part of the accounting function?

Accepted Answer

A) managing the financial information resource of the firm 
B) capturing and recording transactions in the database 
C) distributing transaction information to operations personnel 
D) managing the physical information system of the firm 
A) managing the financial information resource of the firm 
B) capturing and recording transactions in the database 
C) distributing transaction information to operations personnel 
D) managing the physical information system of the firm

Question 13

The three major subsystems of the accounting information system are _______________________________,___________________________,and _______________________________.

Accepted Answer

the transaction processing sys

Question 14

Cloud computing is a practice in which the organization sells its IT resources to a third-party outsourcing vendor then leases back IT services from the vendor for a contract period.

Accepted Answer

A) True 
 B)False

Question 15

Which level of management is responsible for controlling day-to-day operations?

Accepted Answer

A) top management 
B) middle management 
C) operations management 
D) executive management 
A) top management 
B) middle management 
C) operations management 
D) executive management

Question 16

Location-independent computing in which shared data centers deliver hosted IT services over the Internet is called

Accepted Answer

A) IT outsourcing 
B) network administration 
C) cloud computing 
D) custom software 
A) IT outsourcing 
B) network administration 
C) cloud computing 
D) custom software

Question 17

What factor conceptually distinguishes external auditing and internal auditing?

Accepted Answer

A) tests of controls 
B) substantive tests 
C) education 
D) constituencies 
A) tests of controls 
B) substantive tests 
C) education 
D) constituencies

Question 18

Which function manages the financial resources of the firm through portfolio management,banking,credit evaluation,and cash receipts and disbursements?

Accepted Answer

A) accounting 
B) finance 
C) materials management 
D) distribution 
A) accounting 
B) finance 
C) materials management 
D) distribution

Question 19

In the distributed data processing approach

Accepted Answer

A) computer services are consolidated and managed as a shared organization resource 
B) the computer service function is a cost center 
C) the end users are billed using a charge-back system 
D) computer services are organized into small information processing units under the control of end users 
A) computer services are consolidated and managed as a shared organization resource 
B) the computer service function is a cost center 
C) the end users are billed using a charge-back system 
D) computer services are organized into small information processing units under the control of end users

Question 20

Custom software is developed and maintained by enterprise resource planners.

Accepted Answer

A) True 
 B)False

The major difference between the financial reporting system (FRS)and the management reporting system (MRS)is the

Which of the following is not a production support activity?

Name the five characteristics of information.

An example of a financial transaction is

The author distinguishes between the accounting information system and the management information system based on

Transactions with trading partners include and .

Several advantages of cloud computing have been discussed.Discuss at least three.

In a database,a complete set of attributes for a single occurrence of an entity class is called a

What factors motivate management to outsource IT?

Describe the problem of data redundancy.

Which subsystem is not part of the accounting information system?

Which of the following is not part of the accounting function?

The three major subsystems of the accounting information system are _________________,_,and ___________________.

Cloud computing is a practice in which the organization sells its IT resources to a third-party outsourcing vendor then leases back IT services from the vendor for a contract period.

Which level of management is responsible for controlling day-to-day operations?

Location-independent computing in which shared data centers deliver hosted IT services over the Internet is called

What factor conceptually distinguishes external auditing and internal auditing?

Which function manages the financial resources of the firm through portfolio management,banking,credit evaluation,and cash receipts and disbursements?

In the distributed data processing approach

Custom software is developed and maintained by enterprise resource planners.

Introduction to Transaction Processing

Ethics,fraud,and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part II: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

Financial Reporting,and Management Reporting Systems

Database Management Systems

The Rea Approach to Business Process Modeling

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Auditing It Controls Part I: Sarbanes-Oxley and It Governance

Auditing It Controls Part II: Security and Access

Auditing It Controls Part III: Systems Development, program Changes, and Application Auditing

Filters

Exam 1: The Information System: an Accountants Perspective

The major difference between the financial reporting system (FRS)and the management reporting system (MRS)is the

Which of the following is not a production support activity?

Name the five characteristics of information.

An example of a financial transaction is

The author distinguishes between the accounting information system and the management information system based on

Transactions with trading partners include ____________________ and ____________________.

Several advantages of cloud computing have been discussed.Discuss at least three.

In a database,a complete set of attributes for a single occurrence of an entity class is called a

What factors motivate management to outsource IT?

Describe the problem of data redundancy.

Which subsystem is not part of the accounting information system?

Which of the following is not part of the accounting function?

The three major subsystems of the accounting information system are _______________________________,___________________________,and _______________________________.

Cloud computing is a practice in which the organization sells its IT resources to a third-party outsourcing vendor then leases back IT services from the vendor for a contract period.

Which level of management is responsible for controlling day-to-day operations?

Location-independent computing in which shared data centers deliver hosted IT services over the Internet is called

What factor conceptually distinguishes external auditing and internal auditing?

Which function manages the financial resources of the firm through portfolio management,banking,credit evaluation,and cash receipts and disbursements?

In the distributed data processing approach

Custom software is developed and maintained by enterprise resource planners.

Introduction to Transaction Processing

Ethics,fraud,and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part II: Payroll Processing and Fixed Asset Procedures

The Conversion Cycle

Financial Reporting,and Management Reporting Systems

Database Management Systems

The Rea Approach to Business Process Modeling

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Auditing It Controls Part I: Sarbanes-Oxley and It Governance

Auditing It Controls Part II: Security and Access

Auditing It Controls Part III: Systems Development, program Changes, and Application Auditing

Filters

Transactions with trading partners include and .

The three major subsystems of the accounting information system are _________________,_,and ___________________.