100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Solutions Manual for Accounting Information Systems 4th Edition by Richardson, Chang & Smith A+ $12.99   Add to cart

Exam (elaborations)

Solutions Manual for Accounting Information Systems 4th Edition by Richardson, Chang & Smith A+

 6 views  0 purchase
  • Course
  • Institution
  • Book

Solutions Manual for Accounting Information Systems 4th Edition by Richardson, Chang & Smith A+ ..

Preview 4 out of 322  pages

  • October 23, 2024
  • 322
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
avatar-seller
Created By: A Solution


Solutions Manual for Accounting Information Systems 4th Edition

by Richardson, Chang & Smith A+

Chapter 1: Accounting Information Systems and Firm Value

Multiple Choice Questions



1. (LO 1-1) Accounting information systems



a. are always computerized.

b. report only financially related information.

c. are information systems that record, process, and report on transactions to provide

financial and nonfinancial information for decision making and control.

d. require a CITP designation to understand.



Answer: C



2. (LO 1-1) Which of the following is a characteristic of relevance?



a. Materiality

b. Timeliness

c. Verifiable

d. Cost to generate Answer: A

3. (LO 1-2) Which of the following is considered to be mandatory information required by a

regulatory body?

1

,Created By: A Solution




a. 10-Q submission to the Securities and Exchange Commission

b. The cost to produce a Samsung Galaxy

c. The number of organic bananas that are sold at Whole Foods on July 28

d. The cost to build an all-new Starbucks restaurant in Shenzhen, China Answer: A

4. (LO 1-4) The correct order of events 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.



Answer: C



5. (LO 1-8) Which system contributes information on direct labor to a cost accounting

system?



a. Supply chain management system (SCMS)

b. Financial reporting system (FRS)

c. Customer Relational Management System (CRM)




2

,Created By: A Solution


d. Human resource management system (HRMS) Answer: D

6. (LO 1-7) A supply chain



a. supplies jewelry 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.



Answer: B



7. (LO 1-7) Customer relationship management software does not include information about



a. current customers.

b. prospective customers.

c. former customers.

d. current employees.



Answer: D



8. (LO 1-6) An information system that measures and records accounting transactions and

reports them in the financial statements is called a



a. financial reporting system (FRS).


3

, Created By: A Solution


b. enterprise system (ES).

c. manufacturing system (MS).

d. cost accounting system.



Answer: A



9. (LO 1-3) What is the name of the position for a person responsible for determining

Information needs of a business and designing a system to meet those needs?



a. Chief information officer

b. Controller

c. IT auditor

d. Systems analyst Answer: D

10. (LO 1-9) The balance sheet account most likely affected by an AIS investment in supply

chain management software would be



a. inventories.

b. fixed assets.

c. cash and cash equivalents.




d. unearned revenue.


4

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 ASolution. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

83225 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
$12.99
  • (0)
  Add to cart