Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage
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Course
Accounting Information Systems
Institution
Accounting Information Systems
Test Bank for Accounting Information Systems: Connecting Careers, Systems, and Analytics, 1st Edition 1e by Arline A. Savage, Danielle Brannock, Alicja Foksinska. Full Chapters test bank are included - Chapter 1 to 19 1 Accounting as Information 1.1 Why Is Accounting Information Important? 1-2 1.2 ...
Test Bank for Accounting Information Systems, 1st
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Edition by Arline A. Savage Latest 2024
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Chaptern01:nAccountingnasnInformation
1) Accountingncommunicatesntonstakeholders
A) minimallynrequirednpublicnfinancialndata.
B) thenfinancialnoutcomesnofnoperating,ninvesting,nandnfinancingnactivities.
C) thensalesnstrategynfornthenoperating,nmarketing,nandnsalesnactivities.
D) blacknandnwhitendetailsnaboutntheneconomicsnofnoperatingnactivities.nAnswer:nBn
Diff:n1
LearningnObjective:n1.1nExplainnhownaccountingnaffectsnbothnthendemandnfornandnsupplynofn
information.
SectionnReference:nWhynisnAccountingnInformationnImportant?nAACSB:nCommunicationn
Bloom's:nComprehensionnAICPA:nAC:nReporting
2) Accountingncommunicatesnthenfinancialnoutcomesnofnanbusiness'snactivitiesnfor
A) operating.
B) investing.
C) financing.
D) Allnofnthesenanswernchoicesnarencorrect.nAnswer:nDn
Diff:n1
LearningnObjective:n1.1nExplainnhownaccountingnaffectsnbothnthendemandnfornandnsupplynofn
information.
SectionnReference:nWhynisnAccountingnInformationnImportant?nAACSB:nCommunicationn
Bloom's:nComprehensionnAICPA:nAC:nReporting
3) Innwhatnwayndonmanagementnteamsnusenaccountingndata?
A) Managementnteamsnusenaccountingndatantonmakenbusinessndecisions.
B) Managementnteamsnusenaccountingndatantonmakenandnexecutenplans.
C) Managementnteamsnuseneconomicnandnaccountingndatantogetherntonmakendecisions.
D) Allnofnthesenanswernchoicesnarencorrect.nAnswer:nD
4) WhichnstatementnisnTRUE?
A) Accountingnconsistsnofnrigidnblacknandnwhitenrules.
B) Accountantsncrunchnnumbers,nnotnmakendecisions.
C) Accountingnhelpsnsupportnanprosperousnsociety.
D) Accountantsnfocusnonndebitsnandncredits,nnotnbusinessnactivities.nAnswer:nCn
Diff:n1
LearningnObjective:n1.1nExplainnhownaccountingnaffectsnbothnthendemandnfornandnsupplynofn
information.
SectionnReference:nWhynisnAccountingnInformationnImportant?nAACSB:nAnalyticn
Bloom's:nComprehensionnAICPA:nN/A
5) WhichnofnthenfollowingnisnNOTnancomponentnofnanninformationnsystem?
A) Hardware
B) Software
C) Input
D) NetworknAnswer:nCnDiff:n1
LearningnObjective:n1.1nExplainnhownaccountingnaffectsnbothnthendemandnfornandnsupplynofn
information.
SectionnReference:nWhynisnAccountingnInformationnImportant?nAACSB:nAnalyticn
Bloom's:n Knowledge
AICPA:n AC:nSystemsnandnProcessnManagement
6) Inputntonanninformationnsystemnconsistsnof
A) rawnandnunorganizedndata.
TestnBank Pagen2
,CreatednBy:nTestnBanks
B) hardwarenandnsoftware.
C) reportedninformation.
D) processedndata.
Answer:n A
Diff:n1
LearningnObjective:n1.1nExplainnhownaccountingnaffectsnbothnthendemandnfornandnsupplynofn
information.
SectionnReference:nWhynisnAccountingnInformationnImportant?nAACSB:nAnalyticn
Bloom's:n Knowledge
AICPA:n AC:nSystemsnandnProcessnManagement
7) Whichnofnthenfollowingnisnandefinitionnofnoutputnfromnanninformationnsystem?
A) Outputnisnrawnandnunorganizedndata.
B) Outputnisninformationnproducednbynprocessingndata.
C) Outputnisndatabasenfactsnandnfigures.
D) Outputnisninformationncollectednfromnusers.nAnswer:nB
8) WhichnstatementnconcerningndatanisnTRUE?
A) Datanisnuselessntonanbusinessnuntilntransformednintoninformation.
B) Datanisnthenoutputnfromnanninformationnsystem.
C) Datanisnorganizednintonunderstandablenformats.
D) Datanisnprocessednbeforenbeingninputnintontheninformationnsystem.nAnswer:nAn
Diff:n1
LearningnObjective:n1.1nExplainnhownaccountingnaffectsnbothnthendemandnfornandnsupplynofn
information.
9) WhichnofnthenfollowingnactivitiesnwouldnNOTnresultninnantransactionninnannaccountingn
informationnsystem?
A) Sellngoodsntonancustomernonnaccount
B) Purchasensuppliesnonncredit
C) Prepaynfornsixnmonthsnofninsurance
D) ReceivenancustomernordernAnswer:nDn
Diff:n2
LearningnObjective:n1.1nExplainnhownaccountingnaffectsnbothnthendemandnfornandnsupplynofn
information.
SectionnReference:nWhynisnAccountingnInformationnImportant?nAACSB:nAnalyticn
Bloom's:n Application
AICPA:n AC:nSystemsnandnProcessnManagement
10) Whichnofnthenfollowingnactivitiesnresultsninnantransactionnannaccountingninformationn
system?
A) Sellngoodsntonancustomer
B) Submitnannorderntonanvendor
C) Createnestimatesnfornancustomer
D) ReceivenancustomernordernAnswer:nAn
Diff:n2
LearningnObjective:n1.1nExplainnhownaccountingnaffectsnbothnthendemandnfornandnsupplynofn
information.
SectionnReference:nWhynisnAccountingnInformationnImportant?nAACSB:nAnalyticn
Bloom's:n Application
AICPA:n AC:nSystemsnandnProcessnManagement
11) Anbusinessnmodelnis
TestnBank Pagen4
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