AIS 455 Exam 1 Review Ch Question and answers already passed 2024/2025 AIS 455 Exam 1 Review Ch. 1-6
Accounting Information Systems:
a. are always computerized
b. report only financial information
c. are an information system that records, processes, and reports on transactions to provide f...
AIS 455 Exam 1 Review Ch. 1-6
Accounting Information Systems:
a. are always computerized
b. report only financial information
c. are an information system that records, processes, and reports on
transactions to provide financial and nonfinancial information for decision
making and control
d. require a CITP designation to understand - correct answer ✔c. are an
information system that records, processes, and reports on transactions to
provide financial and nonfinancial information for decision making and control
Which of the following is not a characteristic of useful information?
a. Predictive value
b. Timeliness
c. Varifiable
d. Expensive to generate - correct answer ✔d. Expensive to generate
Which of the following is considered to be mandatory information required by
a regulatory body?
a. U.S. tax return
b. The cost to produce a textbook
c. The number of U.S. flags that are sold on July 4
d. The cost to build an all-new Starbucks restaurant in Shanghai, China -
correct answer ✔a. U.S. Tax Return
The correct order of effects in the value chain is:
a. Inbound logistics -> Operations -> Service
,b. Inbound logistics -> Outbound logistics -> Marketing and Sales
c. Inbound Logistics -> Operations -> Outbound logistics
d. Inbound logistics -> Operations -> Marketing and Sales - correct answer
✔c. Inbound logistics -> Operations -> Outbound logistics
What designation would be most appropriate for those professionals
possessing IT audit, control, and security skills?
a. Certified Internal Auditor (CIA)
b. Certified Public Accountant (CPA)
c. Certified Information Technology Professional (CITP)
d. Certified Information Systems Auditor (CISA) - correct answer ✔d.
Certified Information Systems Auditor (CISA)
A supply chain:
a. supplies bicycle chains
b. refers to the flow of materials, information, payments, and services
c. is similar in function and purpose to the value chain
d. does not apply to a service firm like an accounting firm - correct answer
✔b. refers to the flow of materials, information, payments, and services
Customer relationship management software does not include information
about:
a. current customers
b. prospective customers
c. former customers
d. current suppliers - correct answer ✔d. current suppliers
IT strategic roles of AIS investments are classified as:
,a. automate, informate, transform
b. value creation, value destruction, value neutral
c. digitize, report, transform
d. automate, digitze, transprot - correct answer ✔a. automate, informate,
transform
According to a recent study, the IT strategic role that has the greates impact
on shareholder value is:
a. informate
b. digitize
c. automate
d. transform - correct answer ✔d. Transform
The income statement account most likely affected by an AIS investment in
supply chain management software would be:
a. revenues
b. cost of goods sold
c. sellings, general, and administrative expenses
d. unearned revenue - correct answer ✔b. cost of goods sold
The balance sheet account most likely to be affected by supply chain
managment software would be:
a. Owner's equity
b. Inventory
c. Short-term Marketable Secruities
d. Property, Plant, and Equipment - correct answer ✔b. Inventory
, Customer relationship management software would be most likely to affect
which income statement account?
a. Selling, General, and Administrative Expenses
b. Interest Expense
c. Revenues
d. Cost of Goods Sold - correct answer ✔c. Revenues
Enterpise systems would generally be considered to be an:
a. internal business process
b. external business process
c. interior business process
d. exterior business process - correct answer ✔a. internal business process
A systems analyst would generally be considered to fill which role with respect
to accounting information systems?
a. User
b. Manager
c. Designer
d. Evaluator - correct answer ✔c. Designer
Which of these represents the proper transformation from data to decison
according to the information value chain?
a. Data -> Information -> Knowledge -> Decision
b. Data -> Knowledge -> Information -> Decision
c. Data -> Business Event -> Information -> Decision
d. Data -> Analysis -> Information -> Decision - correct answer ✔a. Data ->
Information -> Knowledge -> Decision
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