Exam 1: Accounting Information Systems and the Accountant

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The Sarbanes-Oxley Act prohibits companies from using the same auditing firms for performing both auditing and management consulting services.

(True/False)
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The path that data follow in an AIS,for example from manual source document to completed output report,is called an audit trail.

(True/False)
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AISs often create information that is useful to non-accountants.

(True/False)
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As used in this chapter,the acronym SAR stands for "suspicious accounting reports."

(True/False)
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All of the following are possible uses of AIS or accounting personnel that were discussed in the chapter except:

(Multiple Choice)
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Which of the following is true?

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Which of the following is intended to solve the problem that financial data used in one application is not easily transferable to other applications?

(Multiple Choice)
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The acronym AIS stands for "Accounting Information Standards."

(True/False)
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An advantage of cloud computing is that:

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As used in Chapter 1,a dashboard is an up-to-the-minute graphic depiction of one or more business activities.

(True/False)
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Students majoring in AIS are unlikely to assume jobs in traditional accounting positions because they know too much.

(True/False)
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Which of these terms is most closely associated with cloud computing?

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Computers tend to make audit trails easier to follow because everything is computerized.

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Accounting information systems must be computerized to be effective.

(True/False)
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Some possible career opportunities for AIS majors or minors include consulting positions,computerized auditing,or system computer auditing positions.

(True/False)
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What has been the effect on accountants in those organizations which have computerized their data processing functions?

(Multiple Choice)
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As used in chapter 1,the term "dashboard" refers to a quick and easy plan to install a computerized accounting system in an organization.

(True/False)
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"Cost accounting" tasks are usually performed by financial accountants.

(True/False)
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The "S" in the acronym "AIS" stands for:

(Multiple Choice)
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A good performance measurement system should evaluate:

(Multiple Choice)
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