Question 1

The Management Reporting System provides the internal financial information needed to manage a business.

Accepted Answer

A) True 
 B)False

Question 2

The term "accounting independence" refers to

Accepted Answer

A)  data integrity 
B)  separation of duties,such as record keeping and custody of physical resources 
C)  generation of accurate and timely information 
D)  business segmentation by function 
A)  data integrity 
B)  separation of duties,such as record keeping and custody of physical resources 
C)  generation of accurate and timely information 
D)  business segmentation by function

Question 3

Which individuals may be involved in the Systems Development Life Cycle?

Accepted Answer

A)  accountants 
B)  systems professionals 
C)  end users 
D)  all of the above 
A)  accountants 
B)  systems professionals 
C)  end users 
D)  all of the above

Question 4

Three activities that are part of the finance function are __________________________,__________________________,and __________________________.

Accepted Answer

portfolio management

Question 5

How has SOX legislation impacted the consulting practices of public accounting firms?

Accepted Answer

Prior to SOX,a gray area of overlap exis

Question 6

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 7

Name and explain the purpose of the three major subsystems of the AIS:

Accepted Answer

None

Question 8

Retrieval is the task of permanently removing obsolete or redundant records from the database.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is not a cloud computing service?

Accepted Answer

A)  Software as a service 
B)  Infrastructure as a service 
C)  Network as a service 
D)  Platform as a service 
A)  Software as a service 
B)  Infrastructure as a service 
C)  Network as a service 
D)  Platform as a service

Question 10

Attestation services are performed by

Accepted Answer

A)  external auditors 
B)  internal accountants 
C)  internal auditors 
D)  third-party accountants 
A)  external auditors 
B)  internal accountants 
C)  internal auditors 
D)  third-party accountants

Question 11

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 12

An example of a nonfinancial transaction is

Accepted Answer

A)  sale of products 
B)  cash disbursement 
C)  log of customer calls 
D)  purchase of inventory 
A)  sale of products 
B)  cash disbursement 
C)  log of customer calls 
D)  purchase of inventory

Question 13

Useful information must possess all of the following characteristics except

Accepted Answer

A)  relevance 
B)  precision 
C)  accuracy 
D)  completeness 
A)  relevance 
B)  precision 
C)  accuracy 
D)  completeness

Question 14

The internal auditor represents the interests of third-party outsiders.

Accepted Answer

A) True 
 B)False

Question 15

What factors motivate management to outsource IT?

Accepted Answer

Management may be motivated to outsource

Question 16

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

Accepted Answer

The advantages of cloud comput

Question 17

Transactions with trading partners include ____________________ and ____________________.

Accepted Answer

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

Question 18

Motivations for IT outsourcing include each of the following except

Accepted Answer

A)  IT's highly technical nature 
B)  Long term contracts in IT outsourcing 
C)  Expense of IT 
D)  Dynamically changing nature of IT 
A)  IT's highly technical nature 
B)  Long term contracts in IT outsourcing 
C)  Expense of IT 
D)  Dynamically changing nature of IT

Question 19

Accountants play many roles relating to the accounting information system,including all of the following except

Accepted Answer

A)  system users 
B)  system designers 
C)  system auditors 
D)  system converters 
A)  system users 
B)  system designers 
C)  system auditors 
D)  system converters

Question 20

The objectives of an information system include each of the following except

Accepted Answer

A)  support for the stewardship responsibilities of management 
B)  furthering the financial interests of shareholders 
C)  support for management decision making 
D)  support for the firm's day-to-day operations 
A)  support for the stewardship responsibilities of management 
B)  furthering the financial interests of shareholders 
C)  support for management decision making 
D)  support for the firm's day-to-day operations

The Management Reporting System provides the internal financial information needed to manage a business.

The term "accounting independence" refers to

Which individuals may be involved in the Systems Development Life Cycle?

Three activities that are part of the finance function are ,,and __.

How has SOX legislation impacted the consulting practices of public accounting firms?

Which subsystem is not part of the Accounting Information System?

Name and explain the purpose of the three major subsystems of the AIS:

Retrieval is the task of permanently removing obsolete or redundant records from the database.

Which of the following is not a cloud computing service?

Attestation services are performed by

The author distinguishes between the Accounting Information System and the management Information System based on

An example of a nonfinancial transaction is

Useful information must possess all of the following characteristics except

The internal auditor represents the interests of third-party outsiders.

What factors motivate management to outsource IT?

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

Transactions with trading partners include and .

Motivations for IT outsourcing include each of the following except

Accountants play many roles relating to the accounting information system,including all of the following except

The objectives of an information system include each of the following except

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

General Ledger,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

Construct,deliver,and Maintain Systems Projects

IT Controls Part I: Sarbanes-Oxley and It Governance

IT Controls Part II: Security and Access

IT Controls Part III: Systems Development, program Changes, and Application Controls

Filters

Exam 1: The Information System: an Accountants Perspective

The Management Reporting System provides the internal financial information needed to manage a business.

The term "accounting independence" refers to

Which individuals may be involved in the Systems Development Life Cycle?

Three activities that are part of the finance function are __________________________,__________________________,and __________________________.

How has SOX legislation impacted the consulting practices of public accounting firms?

Which subsystem is not part of the Accounting Information System?

Name and explain the purpose of the three major subsystems of the AIS:

Retrieval is the task of permanently removing obsolete or redundant records from the database.

Which of the following is not a cloud computing service?

Attestation services are performed by

The author distinguishes between the Accounting Information System and the management Information System based on

An example of a nonfinancial transaction is

Useful information must possess all of the following characteristics except

The internal auditor represents the interests of third-party outsiders.

What factors motivate management to outsource IT?

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

Transactions with trading partners include ____________________ and ____________________.

Motivations for IT outsourcing include each of the following except

Accountants play many roles relating to the accounting information system,including all of the following except

The objectives of an information system include each of the following except

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

General Ledger,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

Construct,deliver,and Maintain Systems Projects

IT Controls Part I: Sarbanes-Oxley and It Governance

IT Controls Part II: Security and Access

IT Controls Part III: Systems Development, program Changes, and Application Controls

Filters

Three activities that are part of the finance function are ,,and __.

Transactions with trading partners include and .