Exam (elaborations)
ACCT 320 - Accounting Information Systems - Exam 1, Chapters 1-3 questions with actual answers.
- Course
- Institution
ACCT 320 - Accounting Information Systems - Exam 1, Chapters 1-3 questions with actual answers.
[Show more]
Seller
Follow
Content preview
ACCT 320 - Accounting InformationSystems - Exam 1, Chapters 1-3
questions with actual answers.
Accounting Information Systems lacks a...? ANS - well-defined body of knowledge
What is an Information System? ANS - An information system is the set of formal procedures by which
data are collected, processed into information, and distributed to users.
Financial transactions ANS - economic events that affect the assets and equities of the organization (e.g.,
paying employees)
Nonfinancial activity ANS - all other events processed by the organization's information system (e.g.,
hiring of employees, changes in customer/vendor information)
Accounting Information System ANS - processes financial transactions; processes non-financial activity
that directly affects the processing of financial transactions; One form of non-financial activity that has
become a major challenge to process is referred to as Big Data
Big Data ANS - is "high-volume, high-velocity, and high variety information assets that demand cost-
effective, innovative forms of information processing for enhanced insight and decision making," as
noted in the Gartner IT Glossary.
data warehouse ANS - For many companies, data resides across multiple systems on different platforms.
As a result, many companies seek to consolidate the data into a ___________________________
Cloud computing ANS - refers to the delivery of computing services over a proprietary network or the
Internet.
On-demand, self-service
Available anytime, anywhere
, Pooling of provider resources
Service is scalable and elastic
Pay-as-you-go ANS - What are the characteristics associated with cloud computing?
Infrastructure-as-a-Service (IaaS)
Platform-as-a-Service (PaaS)
Software-as-a-Service (SaaS) ANS - What are the 3 different types of cloud computing?
Public, Private & Hybrid ANS - What are the 3 different delivery methods of cloud computing?
Less expensive
Fewer staff people
Increased Agility/Scalability
Remote access
Disaster Recovery
Easier to use
Improved service and performance ANS - What are the benefits of Cloud Computing?
Downtime
Device security
Data integrity
Privacy & confidentiality of data
Compliance ANS - What are the downfalls of Cloud Computing?
Domain Experts ANS - Accountants are the _________________ _____________________ and are
responsible for the conceptual design of the Accounting Information System; , the accountant
determines the nature of the information required, its sources, its destination, and the accounting rules
that need to be applied.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Professorkaylee. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82956 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now