Exam (elaborations)
Test Bank For Accounting Information Systems 11th Edition Gelinas
Test Bank For Accounting Information Systems 11th Edition Gelinas
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Content preview
TEST BANK FOR ACCOUNTINGINFORMATION SYSTEMS 11TH
EDITION GELINAS
, 9. The Sarbane
nes-
s-Oxl
Oxley
ey A ct of 2002
2002 ha
has
s dramat
atiically
call y change
changed the daily work of fina
fi nancia
ncial
auditors.
ANS: T PTS: 1
10. Accordi
ccording
ng to theSarbanes-Ox
s-Oxlley A ct of 2002,
2002, management must ide
denti
ntiffy, document, a
significant internal controls.
ANS: T PTS: 1
11. m
According
ccordi
ust au ngt and
audi
dit to the
threport
e Sarbane
Sarba
rep nes-O
ort on s-Oxl
audi
au xley
ey A
ditors'
tors' asct
seof
serti 2002
2002
rtions
ons aband
and PC
about
out PCA
theAorga
OBniAzations'
uditing
uditi ng system
nizations' Stand
systemard
s ofNio. 5,rna
nterna
nte m
ANS: F PTS: 1
12. According
ccording to the
the Sarbane
Sarbanes-O
s-Oxl
xley
ey A ct's Section
Section 409,
409, materi
rial
al changes in the organi
organizatio
condition must be disclosed to the public on a rapid and current basis.
ANS: T PTS: 1
13. The Sarbanes-Ox
s-Oxlley Act's
Act's Section
Section 404 creates changes
changes in both
both how compani
nies
es docume
internal control and how auditors audit and report on internal control.
ANS: T PTS: 1
14. Sarbane
Sarbanes-
s-Oxl
Oxleey Section 404
404 compl
pliiance
ance is amajor li
line of busine
business
ss for the bigge
biggest acco
ANS: T PTS: 1
15. The Sarbane
nes
s Oxl
Oxley A ct of 2002
2002 appl
appliies to publicl
ubli cly
y trade
traded
d compani
nies
es and
and not-f
not-for-
or-prof
prof
ANS: F PTS: 1
16. Historicall
storicallyy the
the purposeof an accounti
accounting
ng inform
nformati
tion
on system
system is to c
col
olllect, process, and
aspects of business
business events.
ANS:
AN S: T PTS: 1
17.
17. The MI S is a subsys
subsyste
tem
m of the
the AI S.
ANS: F PTS: 1
18.
18. Sales/ma
Sales/marketing inform
informa
ati
tion
on syste
system is ttrad
radiiti
tiona
onally part of theA IS.
ANS: F PTS: 1
19.
19. Billing/accou
ng/accounts
nts receiva
vable
ble is traditi
tiona
onally part of the
the AI S.
ANS: T PTS: 1
,21. The managem
gement process include
ncludes marketing
arketing and sales.
ANS: F PTS: 1
22. Inf
nforma
ormati
tion
on that
that is capa
capable
ble of making
aking a di
diffference
erence in a decisi
cision-ma
on-maki
king
ng situa
situati
tion,
on, b
by
y re
uncertainty or increasing knowledge for that particular decision, has the quality of relev
ANS: T PTS: 1
23. Inf
nforma
ormati
tion
on about a customer's credit history that is recei
received after thedecisi
cision
on to grant
grant
credit lacks completeness.
ANS: F PTS: 1
24. The consistency pririnci
ncipl
ple
e is viol
violate
ated whe
when afirm uses
uses strai
straight-l
ght-liine depreciation
preciation one
one ye
to declini
decli ning
ng balance
ance depreciation
preciation the next yea
year.
ANS: T PTS: 1
25. Accuracy
ccuracy is the correspondence or agreement be
betwee
tween
n theinf
nforma
ormati
tion
on and theactual e
that the information represents.
ANS: T PTS: 1
26. situation..
Inf
nforma
ormatition
on has
has understa
understandabi
billity when it is capa
capabl
ble
e of making
ki ng a di
diffference
erence in adecisi
cisi
ANS: F PTS: 1
27. The most important
important informa
nformati
tion
on for tactical
tactical mana
nage
gement invol
involves
ves inform
nformation
tion about th
environment.
ANS: F PTS: 1
28. Decidi
Deciding
ng how
how much credi
creditt to grant
grant to acustomer is a structured de
deci
cisi
sion.
on.
ANS: T PTS: 1
29. Str
Strate
ategi
gic
c manage
geme
ment requires
requires more detail
tailed
ed informa
nformati
tion
on than
than operations
rations manage
gem
men
ANS: F PTS: 1
30. The threesteps
steps in decisi
decision
on making
aking take place in thesequence of (1)
(1) inte
intelligence (2) de
ANS: T PTS: 1
31. Str
Strate
ategi
gic
c manage
gers
rs use more informa
nformati
tion
on from
from outside
outside the organizati
organization
on than do
do operati
ANS: T PTS: 1
, 33. Wha
hatt controls
controls will
wil l be ne
neces
cessa
sary
ry is
i s a questi
stion
on that a
an
n accountant answers
nswers in
in thedesign
sign
ANS: T PTS: 1
34. As a de
desi
signe
gner of an AI
AI S the accounta
accountant
nt will
wil l te
test
st ane
new
w system's control
controls.
s.
ANS: F PTS: 1
35. As a user of an A IS an accountant may be called
call ed upon to partici
rti cipa
pate in the
the A IS design
sign
ANS: T PTS: 1
MULTIPLE CHOICE
1. The threethem
themes of the text book include
incl udeall of the fol
olllowing
owing except:
a. enterpri
rprise systems
b. ri
risk
sk assessment
c. e-business
d. internal
rnal control
control
ANS: B PTS: 1
2. Effici
cieency and effective
ctiveness
ness of operati
rations are goals of
of:
a. enterpri
rprise systems
b. ririsk
sk assessment
c. e-business
d. internal
rnal control
control
ANS: D PTS: 1
3. A se
sett of inte
i nterdep
rdepen
ende
dent elements
ents that together
ther accompli
plish
sh spe
specif
cific objectives
objectives is a
a. system
system
b. subsystem
subsystem
c. database
d. accounti
accounting ng informa
nformati
tion
on system
ANS: A PTS: 1
4. A systemcan be further
urther di
divi
vide
ded into
a. input da
data
ta
b. subsystem
subsystems
c. databases
d. enterpri
rprise systems
ANS: B PTS: 1
5. A system that consists
consists of an integrated set of computer-
computer-base
based and manual components
col
colllect, store, and manage dadata
ta and to provide
provide output inf
informa
ormati
tion
on to users is
i s a(n)
a. output
b. ERP
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 mentor2000. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $16.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now