Question 1

The IT strategic roles of AIS investments are classified as:

Accepted Answer

A)  Automate, Informate, Transform 
B)  Value creation, Value Destruction, Value Neutral 
C)  Digitize, Report, Transform 
D)  Automate, Digitize, Transport 
A)  Automate, Informate, Transform 
B)  Value creation, Value Destruction, Value Neutral 
C)  Digitize, Report, Transform 
D)  Automate, Digitize, Transport

Question 2

The income statement account most likely affected by an AIS investment in customer relationship management (CRM)would be:

Accepted Answer

A)  Revenues 
B)  Cost of Goods Sold 
C)  Selling, General and Administrative Expenses 
D)  Unearned Revenue 
A)  Revenues 
B)  Cost of Goods Sold 
C)  Selling, General and Administrative Expenses 
D)  Unearned Revenue

Question 3

An enterprise system is a centralized database that collects data from throughout the firm.This includes data from orders,customers,sales,inventory and employees

Accepted Answer

A) True 
 B)False

Question 4

Information is defined as being data organized in a meaningful way to be useful to the user.

Accepted Answer

A) True 
 B)False

Question 5

A systems analyst analyzes a business problem that might be addressed by an information system and recommends software or systems to address that problem.

Accepted Answer

A) True 
 B)False

Question 6

EBay uses information technology to sell goods on the internet.This would be an example of the ___________ strategic role.

Accepted Answer

A)  Automate 
B)  Informate - up 
C)  Transform 
D)  Informate - down 
A)  Automate 
B)  Informate - up 
C)  Transform 
D)  Informate - down

Question 7

A supply chain system does not include information about

Accepted Answer

A)  Current customers 
B)  Prospective customers 
C)  Availability of inventory 
D)  Current suppliers 
A)  Current customers 
B)  Prospective customers 
C)  Availability of inventory 
D)  Current suppliers

Question 8

Which of the following are considered to be mandatory information required by a regulatory body?

Accepted Answer

A)  Financial reports for the Securities and Exchange Commission 
B)  The amount of taxes saved by a merger 
C)  The total dollar value of fireworks that are sold on July 4. 
D)  The cost to build an all-new Starbucks restaurant in Abu Dhabi. 
A)  Financial reports for the Securities and Exchange Commission 
B)  The amount of taxes saved by a merger 
C)  The total dollar value of fireworks that are sold on July 4. 
D)  The cost to build an all-new Starbucks restaurant in Abu Dhabi.

Question 9

The International Federation of Accountants says:
"IT has grown (and will continue to grow)in importance at such a rapid pace and with such far reaching effects that it can no longer be considered a discipline peripheral to accounting.Rather,professional accounting has merged and developed with IT to such an extent that one can hardly conceive of accounting independent from IT."
In your opinion,why is accounting now interdependent with IT?

Accepted Answer

Accounting is now interdependent with IT

Question 10

The characteristics of reliable information are that the information is verifiable,without bias and timely.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following are not a characteristic of useful information?

Accepted Answer

A)  Easy to understand 
B)  Feedback value. 
C)  Timely 
D)  Representational Faithfulness 
A)  Easy to understand 
B)  Feedback value. 
C)  Timely 
D)  Representational Faithfulness

Question 12

Wal-Mart's Retail Link database is one of the world's largest databases and allows many of their suppliers to view real-time sales data of their products for each store.This allows suppliers to assess the demand for their products and to optimize their own level of inventory and related logistics costs.How is this cost savings ultimately passed on to Wal-Mart and its customers?

Accepted Answer

By allowing suppliers to view real-time

Question 13

According to a recent study,the transform IT strategic role is defined as systems that:

Accepted Answer

A)  replacing human labor in automating business processes 
B)  provides information about business activities to all employees 
C)  provide information about business activities to senior management 
D)  fundamentally redefine business processes and relationships 
A)  replacing human labor in automating business processes 
B)  provides information about business activities to all employees 
C)  provide information about business activities to senior management 
D)  fundamentally redefine business processes and relationships

Question 14

The income statement line item most likely affected by an AIS investment in enterprise systems would be:

Accepted Answer

A)  Revenues 
B)  Cost of Goods Sold 
C)  Selling, General and Administrative Expenses 
D)  Unearned Revenue 
A)  Revenues 
B)  Cost of Goods Sold 
C)  Selling, General and Administrative Expenses 
D)  Unearned Revenue

Question 15

The American Institute of Certified Public Accountants (AICPA)and International Federation of Accountants (IFAC)assumes that,at a minimum,all accountants will be proficient in the AIS user role and at least one other role listed above (manager or designer or evaluator).Why would the AICPA and IFAC expect this proficiency?

Accepted Answer

The AICPA and IFAC would expect accounta

Question 16

The correct order of effects in the value chain are:

Accepted Answer

A)  Inbound Logistics → Operations → Service 
B)  Inbound Logistics → Outbound Logistics → Marketing & Sales 
C)  Inbound Logistics → Operations → Outbound Logistics 
D)  Inbound Logistics → Operations → Shipping 
A)  Inbound Logistics → Operations → Service 
B)  Inbound Logistics → Outbound Logistics → Marketing & Sales 
C)  Inbound Logistics → Operations → Outbound Logistics 
D)  Inbound Logistics → Operations → Shipping

Question 17

Support activities in the value chain does not include:

Accepted Answer

A)  Firm Infrastructure 
B)  Human Resource Management 
C)  Procurement 
D)  Accounting and Finance 
A)  Firm Infrastructure 
B)  Human Resource Management 
C)  Procurement 
D)  Accounting and Finance

Question 18

After a college football game,a box score is produced detailing the number of yards passing and running,receptions made and the number of interceptions and fumbles lost (among other statistics).Using the characteristics of useful information (including relevance and reliability),please explain how this box score meets (or does not meet)the characteristics of useful information.How would the football coach use this information to prepare for the next game,decide which players to start,etc.?

Accepted Answer

The box score produced after a college f

Question 19

According to a recent study,the informate-up IT strategic role is defined as systems that:

Accepted Answer

A)  replacing human labor in automating business processes 
B)  provides information about business activities to all employees 
C)  provide information about business activities to senior management 
D)  fundamentally redefine business processes and relationships 
A)  replacing human labor in automating business processes 
B)  provides information about business activities to all employees 
C)  provide information about business activities to senior management 
D)  fundamentally redefine business processes and relationships

Question 20

Why would the transform IT strategic role be more impactful on stock price than the automate IT strategic role?

Accepted Answer

The strategic role of IT within an organ

The IT strategic roles of AIS investments are classified as:

The income statement account most likely affected by an AIS investment in customer relationship management (CRM)would be:

An enterprise system is a centralized database that collects data from throughout the firm.This includes data from orders,customers,sales,inventory and employees

Information is defined as being data organized in a meaningful way to be useful to the user.

A systems analyst analyzes a business problem that might be addressed by an information system and recommends software or systems to address that problem.

EBay uses information technology to sell goods on the internet.This would be an example of the ___________ strategic role.

A supply chain system does not include information about

Which of the following are considered to be mandatory information required by a regulatory body?

The characteristics of reliable information are that the information is verifiable,without bias and timely.

Which of the following are not a characteristic of useful information?

According to a recent study,the transform IT strategic role is defined as systems that:

The income statement line item most likely affected by an AIS investment in enterprise systems would be:

The correct order of effects in the value chain are:

Support activities in the value chain does not include:

According to a recent study,the informate-up IT strategic role is defined as systems that:

Why would the transform IT strategic role be more impactful on stock price than the automate IT strategic role?

Accountants As Business Analysts

Data Modeling

Relational Databases and Enterprise Systems

Sales and Collections Business Process

Purchases and Payments Business Process

Conversion Business Process

Reporting Processes and Extensible Business Reporting Language XBRL

Accounting Information Systems and Internal Controls

Information Security and Computer Fraud

Monitoring and Auditing AIS

The Balanced Scorecard and Business Value of Information Technology

Evaluating AIS Investments

The Systems Development Life Cycle and Project Management: Addressing the Challenges of Building Ais Systems

Filters

Exam 1: Accounting Information Systems and Firm Value

The IT strategic roles of AIS investments are classified as:

The income statement account most likely affected by an AIS investment in customer relationship management (CRM)would be:

An enterprise system is a centralized database that collects data from throughout the firm.This includes data from orders,customers,sales,inventory and employees

Information is defined as being data organized in a meaningful way to be useful to the user.

A systems analyst analyzes a business problem that might be addressed by an information system and recommends software or systems to address that problem.

EBay uses information technology to sell goods on the internet.This would be an example of the ___________ strategic role.

A supply chain system does not include information about

Which of the following are considered to be mandatory information required by a regulatory body?

The characteristics of reliable information are that the information is verifiable,without bias and timely.

Which of the following are not a characteristic of useful information?

According to a recent study,the transform IT strategic role is defined as systems that:

The income statement line item most likely affected by an AIS investment in enterprise systems would be:

The correct order of effects in the value chain are:

Support activities in the value chain does not include:

According to a recent study,the informate-up IT strategic role is defined as systems that:

Why would the transform IT strategic role be more impactful on stock price than the automate IT strategic role?

Accountants As Business Analysts

Data Modeling

Relational Databases and Enterprise Systems

Sales and Collections Business Process

Purchases and Payments Business Process

Conversion Business Process

Reporting Processes and Extensible Business Reporting Language XBRL

Accounting Information Systems and Internal Controls

Information Security and Computer Fraud

Monitoring and Auditing AIS

The Balanced Scorecard and Business Value of Information Technology

Evaluating AIS Investments

The Systems Development Life Cycle and Project Management: Addressing the Challenges of Building Ais Systems

Filters