100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage $17.99   Add to cart

Exam (elaborations)

Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage

 6 views  0 purchase
  • 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 ...

[Show more]

Preview 4 out of 746  pages

  • October 2, 2024
  • 746
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Accounting Information Systems
  • Accounting Information Systems
avatar-seller
17dollars
Created tBy: tA tSolution t


TEST tBANK tFOR tACCOUNTING tINFORMATION tSYSTEM
1ST tEDITION tBY tARLINE tSAVAGE tA+
t

Chapter t01: tAccounting tas tInformation
1) Accounting tcommunicates tto tstakeholders
A) minimally trequired tpublic tfinancial tdata.
B) the tfinancial toutcomes tof toperating, tinvesting, tand tfinancing tactivities.
C) the tsales tstrategy tfor tthe toperating, tmarketing, tand tsales tactivities.
D) black tand twhite tdetails tabout tthe teconomics tof toperating tactivities. tAnswer: tB
Diff: t1
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tCommunication
Bloom's: tComprehension tAICPA: tAC: tReporting


2) Accounting tcommunicates tthe tfinancial toutcomes tof ta tbusiness's tactivities tfor
A) operating.
B) investing.
C) financing.
D) All tof tthese tanswer tchoices tare tcorrect. tAnswer: tD
Diff: t1
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tCommunication
Bloom's: tComprehension tAICPA: tAC: tReporting


3) In twhat tway tdo tmanagement tteams tuse taccounting tdata?
A) Management tteams tuse taccounting tdata tto tmake tbusiness tdecisions.
B) Management tteams tuse taccounting tdata tto tmake tand texecute tplans.
C) Management tteams tuse teconomic tand taccounting tdata ttogether tto tmake tdecisions.
D) All tof tthese tanswer tchoices tare tcorrect. tAnswer: tD


A+ Page t1

,Created tBy: tA tSolution t


Diff: t1
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tAnalytic
Bloom's: t tComprehension
AICPA: t tAC: tRisk tAssessment, tAnalysis, tand tManagement
t

4) Which tstatement tis tTRUE?
A) Accounting tconsists tof trigid tblack tand twhite trules.
B) Accountants tcrunch tnumbers, tnot tmake tdecisions.
C) Accounting thelps tsupport ta tprosperous tsociety.
D) Accountants tfocus ton tdebits tand tcredits, tnot tbusiness tactivities. tAnswer: tC
Diff: t1
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tAnalytic
Bloom's: tComprehension tAICPA: tN/A


5) Which tof tthe tfollowing tis tNOT ta tcomponent tof tan tinformation tsystem?
A) Hardware
B) Software
C) Input
D) Network tAnswer: tC tDiff: t1
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tAnalytic
Bloom's: t tKnowledge
AICPA: t tAC: tSystems tand tProcess tManagement


6) Input tto tan tinformation tsystem tconsists tof
A) raw tand tunorganized tdata.


A+ Page t2

,Created tBy: tA tSolution t


B) hardware tand tsoftware.
C) reported tinformation.
D) processed tdata.
Answer: t tA
Diff: t1
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tAnalytic
Bloom's: t tKnowledge
AICPA: t tAC: tSystems tand tProcess tManagement
7) Which tof tthe tfollowing tis ta tdefinition tof toutput tfrom tan tinformation tsystem?
A) Output tis traw tand tunorganized tdata.
B) Output tis tinformation tproduced tby tprocessing tdata.
C) Output tis tdatabase tfacts tand tfigures.
D) Output tis tinformation tcollected tfrom tusers. tAnswer: tB
t

Diff: t1
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tAnalytic
Bloom's: t tComprehension
AICPA: t tAC: tSystems tand tProcess tManagement


8) Which tstatement tconcerning tdata tis tTRUE?
A) Data tis tuseless tto ta tbusiness tuntil ttransformed tinto tinformation.
B) Data tis tthe toutput tfrom tan tinformation tsystem.
C) Data tis torganized tinto tunderstandable tformats.
D) Data tis tprocessed tbefore tbeing tinput tinto tthe tinformation tsystem. tAnswer: tA
Diff: t1
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.




A+ Page t3

, Created tBy: tA tSolution t


Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tAnalytic
Bloom's: t tComprehension
AICPA: t tAC: tSystems tand tProcess tManagement


9) Which tof tthe tfollowing tactivities twould tNOT tresult tin ta ttransaction tin tan taccounting
tinformation tsystem?

A) Sell tgoods tto ta tcustomer ton taccount
B) Purchase tsupplies ton tcredit
C) Prepay tfor tsix tmonths tof tinsurance
D) Receive ta tcustomer torder tAnswer: tD
Diff: t2
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tAnalytic
Bloom's: t tApplication
AICPA: t tAC: tSystems tand tProcess tManagement
t

10) Which tof tthe tfollowing tactivities tresults tin ta ttransaction tan taccounting tinformation
tsystem?

A) Sell tgoods tto ta tcustomer
B) Submit tan torder tto ta tvendor
C) Create testimates tfor ta tcustomer
D) Receive ta tcustomer torder tAnswer: tA
Diff: t2
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tAnalytic
Bloom's: t tApplication
AICPA: t tAC: tSystems tand tProcess tManagement


11) A tbusiness tmodel tis


A+ Page t4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 17dollars. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $17.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82871 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$17.99
  • (0)
  Add to cart