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Chapter 1—Introduction To Accounting Information Systems

3566 words - 15 pages

Chapter 1—Introduction to Accounting Information Systems

TRUE/FALSE

1. The three themes of the text are operating systems, e-business, and internal control.

ANS: F

2. In an assurance service the accountant will provide the original information used for decision making.

ANS: F

3. Financial care for the elderly has been identified by the AICPA as a potential assurance service.

ANS: T

4. Wireless technologies was identified as one of the ten most important 2006 technological challenges and opportunities facing CPAs.

ANS: T

5. Knowledge of Microsoft Access was identified as one of the ten most important 2006 technological challenges and opportunities facing ...view middle of the document...

ANS: T

14. Sarbanes-Oxley Section 404 compliance is a major line of business for the biggest accounting firms.

ANS: T

15. The Sarbanes Oxley Act of 2002 applies to publicly traded companies and not-for-profit entities.

ANS: F

16. The purpose of an accounting information system is to collect, process, and report financial aspects of business events.

ANS: T

17. The MIS is a subsystem of the AIS.

ANS: F

18. Sales/marketing information system is traditionally part of the AIS.

ANS: F

19. Billing/accounts receivable is traditionally part of the AIS.

ANS: T

20. Production and personnel are part of the operations process.

ANS: T

21. The management process includes marketing and sales.

ANS: F

22. Information that is capable of making a difference in a decision-making situation, by reducing uncertainty or increasing knowledge for that particular decision, has the quality of relevance.

ANS: T

23. Information about a customer’s credit history that is received after the decision to grant additional credit lacks completeness.

ANS: F

24. The consistency principle is violated when a firm uses straight-line depreciation one year and changes to declining balance depreciation the next year.

ANS: T

25. Accuracy is the information quality that refers to the extent to which information corresponds to (agrees with) underlying objects or events.

ANS: T

26. Generally, the benefits obtained from improved information are easier to measure than the costs of obtaining those benefits.

ANS: F

27. The most important information for Tactical management involves information about the organization’s environment.

ANS: F

28. How much inventory to reorder is a structured decision.

ANS: T

29. Strategic management requires more detailed information than operations management.

ANS: F

30. The three steps in decision making take place in the sequence of (1) intelligence, (2) design, (3) choice.

ANS: T

31. Much of the information used by strategic managers comes from outside the organization.

ANS: T

32. Middle management requires information that is more accurate and timely than strategic management.

ANS: F

33. Internal control issues are some of the questions the accountant answer in the design of the AIS.

ANS: T

MULTIPLE CHOICE

1. The three themes of the text book include all of the following except:
a. enterprise systems
b. risk assessment
c. e-business
d. internal control

ANS: B

2. Efficiency and effectiveness of operations are goals of:
a. enterprise systems
b. risk assessment
c. e-business
d. internal control

ANS: D

3. A set of interdependent elements that together accomplish specific objectives is a
a. system
b. subsystem
c. database
d. accounting information system

ANS: A

4. A system can be further divided into
a. input data
b. subsystems
c. databases
d. enterprise systems

ANS:...

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