Exam 1: The Information System: an Accountants Perspective

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

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Advantages of cloud computing include all of the following except

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A balance sheet prepared in conformity with GAAP is an example of discretionary reporting.

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The objectives of all information systems include all of the following except

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What factor conceptually distinguishes external auditing and internal auditing?

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Transactions with trading partners include ____________________ and ____________________.

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Useful information must possess all of the following characteristics except

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Transaction processing systems convert non-financial transactions into financial transactions.

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What factors motivate management to outsource IT?

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Name the five characteristics of information.

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When designing the data collection activity, which type of data should be avoided?

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Describe the problem of data redundancy.

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One member of a company's audit committee must be an independent CPA.

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A practice in which an organization sells its IT resources and leases them back is called ___________________________________.

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

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Why is it necessary to distinguish between AIS and MIS?

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Which of the following is not a production support activity?

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

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Which activity is not part of the finance function?

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

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