121 test bank for accounting information systems 9th edition

Free Test Bank with Answers for Accounting Information Systems 1st Free Test Bank with Answers for Accounting Information Systems 1st Free Test Bank with Answers for Accounting Information Systems 1st Test Bank with Answers for Intermediate Accounting Principles and Analysis 2nd Test Bank with Answers for Intermediate Accounting Principles and Analysis 2nd Test Bank with Answers for Financial Accounting An Introduction. Free Test Bank with Answers for Auditing and Assurance Services Understandin Test Bank with Answers for Financial Accounting An Introduction to Concepts Methods and Uses Test Bank with Answers for Financial Accounting An Introduction to Concepts Methods and Uses Test Bank with Answers for Advanced Accounting 12th Edition Test Bank with Answers for Auditing A Business Risk Approach 8th Edition Free Test Bank for Management Accounting with Answers Ngân hàng câu hỏi trắc nghiệm Hệ thống thông tin kế toán, Ngân hàng câu hỏi kèm đáp án đề trắc nghiệm Tài chính kế toán, đề trắc nghiệm Quản trị kế toán, kế toán nâng cao, Đề trắc nghiệm có đáp án Tài chính kế toán, Kế toán kiểm toán, kế toán quản trji Test Bank for Managerial Accounting with Answers Đề trắc nghiệm kế toán, trắc nghiệm tài chính, Test bank for Accounting, Test bank with Answer, Test Bank Financial Accounting

121 Test Bank for Accounting Information Systems 9th Edition

Multiple Choice Questions

All of the following are components of reliability except:

1 Output, Input, Processing, Users

2 Input, Processing, Output, Users

3 Processing, Input, Users, Output

4 Users, Processing, Input, Output

E-business does not include

1 business processes between individuals and organizations

2 electronic networks

3 ERP systems

4 interaction between back-office and front-office processes

A man-made system consisting of people, equipment, organization, policies and procedures with the objective of accomplishing the work of the

The Sarbanes-Oxley Act of 2002 dramatically changed the daily work of

financial accountants and auditors because it

1 expanded the scope of the audit beyond financial information

2 required that organizations work with their auditors to design systems of internal control

3 required that external auditors report on the effectiveness of an organizations system

of internal control

4 expanded the opportunities for auditors to engage in consulting activities with their audit clients

Which of the following is an unstructured decision?

1 how much inventory to reorder

2 how fast an assembly line should operate

3 when scheduled maintenance should be performed

4 which research and development projects should be undertaken

At which level of the organization are decisions most unstructured?

1 operations and business event processing level

2 strategic management level

3 operations management level

4 tactical management level

improves the decision maker's capacity to predict, confirm, or correct earlier expectations

1 understandability

2 predictive value and feedback value

3 neutrality

4 comparability

Which of the following statements is true?

1 With a more structured decision, there is a need for less accurate information.

2 With a more structured decision, there is a need for summarized data.

3 With a more structured decision, there is a need for well defined, more accurate data.

4 With a less structured decision, there is a need for well defined more accurate data.

Generally, which of the following is NOT one of the three roles an accountant typically fills in relation to the AIS?

1 designer

2 programmer

1 strategic management, tactical management, operations management, operations and business event processing

2 operations and business event processing, strategic management, tactical

management, operations management

3 tactical management, operations management, strategic management, operations and business event processing

4 operations and business event processing, operations management, tactical

management, strategic management

Which of the following statements is false?

1 Management designs the operations and information processes and establishes these processes with people, equipment, and policies.

2 Information process users include operations personnel, management, and people outside the organization.

3 Operations related and accounting related processes are designed by those external to the organization.

4 None of the statements are true.

Historically, the relationship between an information system and an

accounting information system has been:

1 the AIS is a part of the IS

2 the IS is a part of the AIS

3 the IS and the AIS are one in the same

4 the IS and AIS are unrelated

A man-made system that generally consists of an integrated set of based components and manual components established to collect, store, and manage data and to provide output information to users

4 operations and business event processing

The information quality that enables users to identify similarities and

differences in two pieces of information is

Internal control is a process designed to provide absolute assurance

regarding achieving objectives in which of the following?

1 efficiency and effectiveness of operations

2 reliability of reporting

3 compliance with applicable laws and regulations

4 none of the above

A system can be further divided into

3 operations management

4 operations and business event processing

If information arrives too late to impact a decision then there is a problem with

Which of the following statements is true?

1 The information process facilitates operations by maintaining data such as inventory and customer data.

2 The information process provides the means by which management monitors the operations process.

3 Management designs the operations and information processes.

4 All of the statements are true.

The correspondence or agreement between the information and the actual events or objects that the information represents is known as

The text takes the following view of the relationship between an IS and an AIS:

1 the AIS is part of the IS

2 the IS is part of the AIS

3 the IS and the AIS are one in the same

4 the AIS is the primary system and the IS the subsystem

Accounting is an activity of the

Which of the following statements is false?

1 Strategic planning is relatively unstructured.

2 Strategic planning uses much information from outside the firm.

3 Tactical management focuses on relevant operations units and uses some external information.

4 Tactical management uses the most detailed and accurate information.

Enterprise systems

1 integrate back-office and front-office processes

2 can include ERP systems

3 have become fairly easy to implement

4 facilitate business processes between organizations

A primary reason that the FASB requires that GAAP be consistently applied from one period to the next is

3 Occupational Outlook Handbook

4 Accounting Information System

Which of the following is an element of the operations process?

4 accounting information system

The degree to which information includes data about every relevant object or event necessary to make a decision is

1 output

1 what will be recorded

2 what controls are necessary

3 what reports will be produced

4 all of the above

A man-made system consisting of people, authority, organization, policies and procedures whose objective is to accomplish the work of planning and controlling the operations of the organization

1 is composed of only the computer-based information resources of an organization

2 may consist of both computer-based and manual components

3 is different from a data processing system because it uses computers

4 is not generally used for transaction processing

Efficiency and effectiveness of operations are goals of:

4 internal control

True - False Questions

An information system consists of an integrated set of computer-based and manual components established to provide information to users

The three steps in decision making take place in the sequence of (1)

intelligence (2) design (3) choice

1 True

2 False

Information about a customer's credit history that is received after the

decision to grant additional credit lacks completeness

Sales/marketing information system is traditionally part of the AIS

1 True

2 False

Internal control is a process that provides complete assurance that the

organization is meeting its objectives, such as efficiency and effectiveness of operations and reliable reporting

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

2 False

The consistency principle is violated when a firm uses straight-line

depreciation one year and changes to declining balance depreciation the next year

According to the Sarbanes-Oxley Act of 2002 and PCAOB Auditing Standard

No 5, management must audit and report on auditors' assertions about the organizations' systems of internal controls

Historically the purpose of an accounting information system is to collect, process, and report financial aspects of business events

Information systems reliability and electronic commerce have been identified

by the AICPA as potential assurance services

2 False

The Sarbanes-Oxley Act's Section 404 creates changes in both how

companies document and evaluate internal control and how auditors audit and report on internal control

Enterprise systems integrate an organization's business processes and information from all of an organization's functional areas

1 True

2 False

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

1 True

2 False

According to the Sarbanes-Oxley Act's Section 409, material changes in the organization's financial condition must be disclosed to the public on a rapid and current basis

1 True

2 False

Free Text Questions - Page 1

Software packages that can be used for the core systems necessary to

support enterprise systems are called .

is a process¾effected by an entity's board

of directors, management, and other personnel¾designed to provide

reasonable assurance regarding achieving objectives in the following

categories: efficiency and effectiveness of operations, reliability of reporting, and compliance with applicable laws and regulations.

Answer Given

Internal control

A(n) system generally consists of both computerized and manual components that operate to collect, store, and manage data and to provide output information to users.

Answer Given

information management information

The units of the Big Four public

accounting firms have accounted for a significant percentage of the firm's business and, prior to the Sarbanes-Oxley Act of 2002, were growing faster than the accounting, auditing, and tax portions of their businesses.

Answer Given

Enterprise systems, e-business, internal control

Three of the five proposed core services of the

are assurance and information integrity, management consulting and performance measurement, and technology services.

Answer Given

CPA Vision Project

Historically, the accountant has performed a(n)

function to determine the reliability of financial information presented in printed financial statements.

oral and written communication skills

is the application of electronic networks (including the Internet) to undertake business processes between individuals and organizations.

Answer Given

E-business

Input, processing, , and users are included

in a functional model of an information system.

Answer Given

output

A(n) is a set of independent elements that together accomplish specific objectives.

Answer Given

system

To provide non-audit services the

accountant will be required to have core competencies that include

"interpretation of converging information" (able to interpret and provide a broader context using financial and nonfinancial information) and ''technology adept'' (able to use and leverage technology in ways that add value to clients, customers, and employers).

The quality of information deals with information being relevant and pertinent to the business process as well as being delivered in a timely, correct, consistent, and usable manner.

Answer Given

Effectiveness

is the correspondence or agreement

between the information and the actual events or objects that the information represents.

methods The accountant is also a user of the AIS and will provide feedback on how well the system works, how easy or difficult it is to use, and on what items can be changed or improved from a user perspective The accountant performs a number of functions within the organization such as controller, treasurer, financial analyst, all of which are users of the AIS Accountants, as users of the system can also be effective

in the design process because of the functions they perform As internal and external auditors, accountants audit the AIS or provide assurance services about internal control or other items discussed in the chapter Auditors are interested in the reliability

of accounting data and of the reports produced by the system They may test the system's controls, assess the system's efficiency and effectiveness, and participate in the system design process The auditor must possess knowledge of internal controls, systems development techniques, technology and the design and operation of the AIS

to be effective.

The quality of information concerns the provision of information through the optimal (most productive and

economical) use of resources.

neutrality freedom from bias

Section of the Sarbanes-Oxley Act of 2002 requires management to identify, document and evaluate significant internal controls.

Answer Given

404

The quality of information that enables users to identify similarities and

differences in two pieces of information is referred to as

.

Answer Given

comparability

Section of the Sarbanes-Oxley Act of 2002 requires disclosure to the public on a rapid and current basis of material changes in an organization's financial condition.

Answer Given

verifiability

In the management hierarchy, the level that lies between strategic

management and operations management is called

The is a man-made system consisting of the people, authority, organization, policies, and procedures whose objective

is to plan and control the operations of the organization

is the degree to which information

includes data about every relevant object or event necessary to make a

decision and includes that information only once.

Answer Given

completeness

Describe the activities performed and information used by each of the

following levels in the management structure: Operations management

Answer Given

Information useful to operations management personnel is often an aggregate of data related to several business events For example, a report summarizing shipments made each day might be useful to the shipping manager At the operations

management level, supervisors use this type of information to monitor the daily

functioning of their operating units The vertical information useful to operations management is a summarized and tailored version of the information that flows

horizontally.

is data presented in a form that is useful in

Describe the activities performed and information used by each of the

following levels in the management structure: Tactical management

information about the timeliness of shipments each month.

Information about actual authorized events and objects has

Answer Given

404

Describe the activities performed and information used by each of the

following levels in the management structure: Strategic management

Answer Given

Strategic management requires information to assess the environment and to project future events and conditions Such information is even more summarized, broader in scope, and comes from outside the organization more than does the information used

by tactical management To be useful to division managers, chief financial officers (CFOs), and chief executive officers (CEOs), information must relate to longer time periods, be sufficiently broad in scope, and be summarized to provide a means for judging the long-term effectiveness of management policies External financial

statements, annual sales reports, and division income statements are but a few

examples of strategic-level information.