100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Chapter 1 Quiz Accounting Information Systems An Overview questions & answers. $8.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Accounting Information System
  4.  
  5. Accounting Information System

Exam (elaborations)

Chapter 1 Quiz Accounting Information Systems An Overview questions & answers.
 6 views  0 purchase
  • Course
  • Accounting Information System
  • Institution
  • Accounting Information System

Chapter 1 Quiz Accounting Information Systems An Overview questions & answers.

Preview 1 out of 2  pages

Document information

  • September 5, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • chapter 1 quiz accounting information systems an o

Written for

  • Accounting Information System
  • Accounting Information System

Seller

avatar-seller
Professorkaylee

Content preview

Chapter 1 Quiz Accounting Information
Systems An Overview questions &
answers.
Information is best described as ANS - data that have been organized and processed to provide meaning
and improve decision making



The value of information can be best determined by ANS - the benefit provided by information less the
cost of producing it



_____ information reduces uncertainty, improves decision making, or confirms or corrects prior
expectations ANS - Relevant



Joey Smith has been the controller of Nadia Cake for the past 5 years. The owners of Nadia have
recently decided to expand their operation and are in the process of obtaining a loan from a local bank.
In order to be qualified for the loan, the bank asks Nadia to conduct an audit of the financial records.
The auditors have been unable to obtain Nadia's financial statements that were prepared by Joey. While
there is no evidence of wrongdoing, the auditors are not able to complete the audit. Which of the
following characteristics of useful information is absent in the situation described above? ANS -
Accessible



Before a company can identify the information needed to effectively manage a process, the company
must ANS - understand its business process



In which transaction cycle would information for generating customer orders be most likely to pass
between internal and external accounting information systems? ANS - The revenue cycle



Which of the following is not a transaction cycle? ANS - The general ledger cycle



Which of the following is an example of a common activity in an AIS? ANS - Selling goods and services
and collecting cash

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 Professorkaylee. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $8.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 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
$8.99
  • (0)
  Add to cart