Accounting information systems: - Correct Answer an information system that records, processes, and reports on transactions to provide financial and nonfinancial information for decision making and control
Characteristics of relevance? - Correct Answer - confirmatory, or feedback value
- pr...
AIS Exam 1 Ch. 1-4 Multiple Choice
Questions With Complete Solutions
Accounting information systems: - Correct Answer an information system that records, processes, and
reports on transactions to provide financial and nonfinancial information for decision making and control
Characteristics of relevance? - Correct Answer - confirmatory, or feedback value
- predictive value
- materiality
Characteristics of faithful representation? - Correct Answer - complete
- neutrality
- free from error
Which of the following is considered to be mandatory information required by a regulatory body? -
Correct Answer 10-Q submission to the Securities and Exchange Commission
The correct order of events in the value chain is - Correct Answer inbound logistics -> operations ->
outbound logistics -> marketing -> service
What designation would be most appropriate for those professionals possessing IT audit, control, and
security skills? - Correct Answer Certified Information Systems Auditor (CISA)
A supply chain: - Correct Answer refers to the flow of materials, information, payments, and services
from raw materials suppliers, through factories and warehouses, all the way to final customers of the
firm's products
Customer relationship management software does not include information about - Correct Answer
current employees
AIS strategic roles of AIS investments are classified as - Correct Answer automate, informate-up,
informate-down, and transform
, According to a recent study, the AIS strategic role that has the greatest impact on shareholder value is -
Correct Answer transform
The balance sheet account most likely affected by an AIS investment in supply chain management
software would be - Correct Answer inventories
The software/system that helps make sure the retail firm doesn't have a stockout is - Correct Answer
supply chain management software
Customer relationship management software would be most likely to affect which income statement
account? - Correct Answer revenues
Customer Relationship Management systems would generally be considered to be an - Correct Answer
external business process
An auditor testing internal controls would generally be considered to fill which role with respect to
accounting information systems? - Correct Answer evaluator
What is the proper transformation from data to decision according to the information value chain? -
Correct Answer data -> information -> knowledge -> decision
Examples of roles of the accounting function in business - Correct Answer - financial close
- regulatory compliance
- project management
- using IT to make finance and accounting processes more efficient
Examples of business process documentation - Correct Answer - business process models
- training manuals
- organization charts
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