Question 1

Obtaining financing from outside investors is part of which cycle?

Accepted Answer

A)  the revenue cycle 
B)  the financing cycle 
C)  the production cycle 
D)  the payroll cycle 
A)  the revenue cycle 
B)  the financing cycle 
C)  the production cycle 
D)  the payroll cycle

Question 2

Identify how firms use predictive analysis.

Accepted Answer

A)  to provide an educated guess regarding what is expected to occur in the near future 
B)  to engage in data warehousing 
C)  to engage in a low-cost strategy 
D)  to design the most effective accounting information system 
A)  to provide an educated guess regarding what is expected to occur in the near future 
B)  to engage in data warehousing 
C)  to engage in a low-cost strategy 
D)  to design the most effective accounting information system

Question 3

Identify the piece of information below that is typically needed to hire and train employees.

Accepted Answer

A)  job descriptions 
B)  vendor performance 
C)  market coverage 
D)  capacity needs 
A)  job descriptions 
B)  vendor performance 
C)  market coverage 
D)  capacity needs

Question 4

One activity within the value chain is research and development.This activity can be identified as a

Accepted Answer

A)  firm infrastructure activity. 
B)  human resources activity. 
C)  technology activity. 
D)  purchasing activity. 
A)  firm infrastructure activity. 
B)  human resources activity. 
C)  technology activity. 
D)  purchasing activity.

Question 5

A good example of how an AIS is used to share knowledge within an organization is

Accepted Answer

A)  the use of a corporate database to help staff identify the relevant experts who can help with a particular client. 
B)  the use of tablets to access a network for messaging worldwide. 
C)  the monitoring of production equipment to watch for defects. 
D)  the use of point-of-sale data to determine hot-selling items. 
A)  the use of a corporate database to help staff identify the relevant experts who can help with a particular client. 
B)  the use of tablets to access a network for messaging worldwide. 
C)  the monitoring of production equipment to watch for defects. 
D)  the use of point-of-sale data to determine hot-selling items.

Question 6

Discuss the seven characteristics of useful information.

Accepted Answer

The seven characteristics of useful info

Question 7

In which transaction cycle would information for paying employees be most likely to pass between internal and external accounting information systems?

Accepted Answer

A)  the revenue cycle 
B)  the expenditure cycle 
C)  the human resources / payroll cycle 
D)  the financing cycle 
A)  the revenue cycle 
B)  the expenditure cycle 
C)  the human resources / payroll cycle 
D)  the financing cycle

Question 8

Information that is free from error or bias and accurately represents the events or activities of the organization is

Accepted Answer

A)  relevant. 
B)  reliable. 
C)  verifiable. 
D)  timely. 
A)  relevant. 
B)  reliable. 
C)  verifiable. 
D)  timely.

Question 9

________ information reduces uncertainty,improves decision makers' ability to make predictions,or confirms expectations.

Accepted Answer

A)  Timely 
B)  Reliable 
C)  Relevant 
D)  Complete 
A)  Timely 
B)  Reliable 
C)  Relevant 
D)  Complete

Question 10

Wisconsin Dells,Wisconsin,is a popular tourist destination.During the winter months,the population dwindles to a meager few,but when summer comes,the size of the town surges.Hunter Jackson is the town sanitation engineer.When the size of the town surges,so do his responsibilities.Among them is management of the sewage processing volume. In an interview with the local paper,Hunter complained that a report on tourist population that he uses to adjust processing volume refers to data that was collected four days ago and it takes him a week to make adjustments.Which of the following characteristics of useful information is absent in the situation described above?

Accepted Answer

A)  relevant 
B)  reliable 
C)  complete 
D)  timely 
E)  understandable
F) verifiable
G) accessible 
A)  relevant 
B)  reliable 
C)  complete 
D)  timely 
E)  understandable
F) verifiable
G) accessible

Question 11

What is a key decision that needs to be made with regards to acquiring equipment?

Accepted Answer

A)  the location 
B)  pro forma income statement 
C)  how much capital to acquire 
D)  job descriptions 
A)  the location 
B)  pro forma income statement 
C)  how much capital to acquire 
D)  job descriptions

Question 12

Identify the piece of information below that is typically needed to acquire a building.

Accepted Answer

A)  job descriptions 
B)  vendor performance 
C)  market coverage 
D)  capacity needs 
A)  job descriptions 
B)  vendor performance 
C)  market coverage 
D)  capacity needs

Question 13

One group that relies on both the adequate collection and transformation of data for decision-making purposes for an organization is

Accepted Answer

A)  management. 
B)  interested outsiders. 
C)  competitors. 
D)  the government. 
A)  management. 
B)  interested outsiders. 
C)  competitors. 
D)  the government.

Question 14

Which of the following is a true statement?

Accepted Answer

A)  Business strategy directly influences AIS, but not information technology. 
B)  Information technology directly influences organizational culture, but not business strategy. 
C)  Organizational culture directly influences business strategy, but not AIS. 
D)  AIS directly influences information technology, but not business strategy. 
A)  Business strategy directly influences AIS, but not information technology. 
B)  Information technology directly influences organizational culture, but not business strategy. 
C)  Organizational culture directly influences business strategy, but not AIS. 
D)  AIS directly influences information technology, but not business strategy.

Question 15

Explain what an AIS is,describe the basic tasks it performs in an organization,and give some examples of the types of accounting transactions it processes.

Accepted Answer

An AIS consists of six components: peopl

Question 16

In Chapter 1,Figure 1-4 shows the factors that influence the design of AIS.The diagram shows a bi-directional arrow between the organizational culture and the AIS.The reason for this two-way interchange between organizational culture and AIS is

Accepted Answer

A)  that the AIS should not influence the values of the organizational culture. 
B)  because the organization's culture influences the AIS, and likewise the AIS influences the organization's culture by controlling the flow of information within the organization. 
C)  due to the transfer of managers between the two corporate elements. 
D)  the AIS impacts the organization's key strategies. 
A)  that the AIS should not influence the values of the organizational culture. 
B)  because the organization's culture influences the AIS, and likewise the AIS influences the organization's culture by controlling the flow of information within the organization. 
C)  due to the transfer of managers between the two corporate elements. 
D)  the AIS impacts the organization's key strategies.

Question 17

Identify the piece of information below that is typically needed to acquire inventory.

Accepted Answer

A)  job descriptions 
B)  vendor performance 
C)  market coverage 
D)  capacity needs 
A)  job descriptions 
B)  vendor performance 
C)  market coverage 
D)  capacity needs

Question 18

Why have accounting software packages been designed with separate transaction modules?

Accepted Answer

Since every organization does not necess

Question 19

The ________ is not a transaction cycle.

Accepted Answer

A)  general ledger and reporting cycle 
B)  expenditure cycle 
C)  revenue cycle 
D)  human resources cycle 
A)  general ledger and reporting cycle 
B)  expenditure cycle 
C)  revenue cycle 
D)  human resources cycle

Question 20

Corporate strategy should affect the way a firm deploys an accounting information system.

Accepted Answer

A) True 
 B)False

Exam 1: Accounting Information Systems: an Overview

Obtaining financing from outside investors is part of which cycle?

Identify how firms use predictive analysis.

Identify the piece of information below that is typically needed to hire and train employees.

One activity within the value chain is research and development.This activity can be identified as a

A good example of how an AIS is used to share knowledge within an organization is

Discuss the seven characteristics of useful information.

In which transaction cycle would information for paying employees be most likely to pass between internal and external accounting information systems?

Information that is free from error or bias and accurately represents the events or activities of the organization is

________ information reduces uncertainty,improves decision makers' ability to make predictions,or confirms expectations.

What is a key decision that needs to be made with regards to acquiring equipment?

Identify the piece of information below that is typically needed to acquire a building.

One group that relies on both the adequate collection and transformation of data for decision-making purposes for an organization is

Which of the following is a true statement?

Explain what an AIS is,describe the basic tasks it performs in an organization,and give some examples of the types of accounting transactions it processes.

In Chapter 1,Figure 1-4 shows the factors that influence the design of AIS.The diagram shows a bi-directional arrow between the organizational culture and the AIS.The reason for this two-way interchange between organizational culture and AIS is

Identify the piece of information below that is typically needed to acquire inventory.

Why have accounting software packages been designed with separate transaction modules?

The ________ is not a transaction cycle.

Corporate strategy should affect the way a firm deploys an accounting information system.

Overview of Transaction Processing and Enterprise Resource Planning Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Controls for Information Security

Confidentiality and Privacy Controls

Processing Integrity and Availability Controls

Auditing Computer-Based Information Systems

The Revenue Cycle: Sales to Cash Collections

The Expenditure Cycle: Purchasing to Cash Disbursements

The Production Cycle

The Human Resources Management and Payroll Cycle

General Ledger and Reporting System

Database Design Using the Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development and Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

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