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Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage $15.99   Add to cart

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

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  • Accounting Information Systems
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  • 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 ...

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  • October 2, 2024
  • 754
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Accounting Information Systems
  • Accounting Information Systems
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HIGRADES
Created fBy: fTest
fBanks


Test fBank ffor fAccounting fInformation fSystems, f1st
Edition fby fArline fA. fSavage fLatest f2024
f


Chapter f01: fAccounting fas fInformation
1) Accounting fcommunicates fto fstakeholders
A) minimally frequired fpublic ffinancial fdata.
B) the ffinancial foutcomes fof foperating, finvesting, fand ffinancing factivities.
C) the fsales fstrategy ffor fthe foperating, fmarketing, fand fsales factivities.
D) black fand fwhite fdetails fabout fthe feconomics fof foperating factivities.
fAnswer: fB fDiff: f1

Learning fObjective: f1.1 fExplain fhow faccounting faffects fboth fthe fdemand ffor fand fsupply fof
finformation.

Section fReference: fWhy fis fAccounting fInformation fImportant? fAACSB:
fCommunication fBloom's: fComprehension fAICPA: fAC: fReporting




2) Accounting fcommunicates fthe ffinancial foutcomes fof fa fbusiness's factivities ffor
A) operating.
B) investing.
C) financing.
D) All fof fthese fanswer fchoices fare fcorrect. fAnswer:
fD fDiff: f1

Learning fObjective: f1.1 fExplain fhow faccounting faffects fboth fthe fdemand ffor fand fsupply fof
finformation.

Section fReference: fWhy fis fAccounting fInformation fImportant? fAACSB:
fCommunication fBloom's: fComprehension fAICPA: fAC: fReporting




3) In fwhat fway fdo fmanagement fteams fuse faccounting fdata?
A) Management fteams fuse faccounting fdata fto fmake fbusiness fdecisions.
B) Management fteams fuse faccounting fdata fto fmake fand fexecute fplans.
C) Management fteams fuse feconomic fand faccounting fdata ftogether fto fmake fdecisions.
D) All fof fthese fanswer fchoices fare fcorrect. fAnswer: fD

Test fBank Page f1

,Created fBy: fTest
fBanks

Diff: f1
Learning fObjective: f1.1 fExplain fhow faccounting faffects fboth fthe fdemand ffor fand fsupply fof
finformation.

Section fReference: fWhy fis fAccounting fInformation fImportant? fAACSB: fAnalytic
fBloom's: f Comprehension

AICPA: f AC: fRisk fAssessment, fAnalysis, fand fManagement


4) Which fstatement fis fTRUE?
A) Accounting fconsists fof frigid fblack fand fwhite frules.
B) Accountants fcrunch fnumbers, fnot fmake fdecisions.
C) Accounting fhelps fsupport fa fprosperous fsociety.
D) Accountants ffocus fon fdebits fand fcredits, fnot fbusiness factivities.
fAnswer: fC fDiff: f1

Learning fObjective: f1.1 fExplain fhow faccounting faffects fboth fthe fdemand ffor fand fsupply fof
finformation.

Section fReference: fWhy fis fAccounting fInformation fImportant? fAACSB: fAnalytic
fBloom's: fComprehension fAICPA: fN/A




5) Which fof fthe ffollowing fis fNOT fa fcomponent fof fan finformation fsystem?
A) Hardware
B) Software
C) Input
D) Network fAnswer: fC fDiff: f1
Learning fObjective: f1.1 fExplain fhow faccounting faffects fboth fthe fdemand ffor fand fsupply fof
finformation.

Section fReference: fWhy fis fAccounting fInformation fImportant? fAACSB: fAnalytic
fBloom's: f Knowledge

AICPA: f AC: fSystems fand fProcess fManagement


6) Input fto fan finformation fsystem fconsists fof
A) raw fand funorganized fdata.


Test fBank Page f2

,Created fBy: fTest
fBanks

B) hardware fand fsoftware.
C) reported finformation.
D) processed
fdata.

Answer: f A
Diff: f1
Learning fObjective: f1.1 fExplain fhow faccounting faffects fboth fthe fdemand ffor fand fsupply fof
finformation.

Section fReference: fWhy fis fAccounting fInformation fImportant? fAACSB: fAnalytic
fBloom's: f Knowledge

AICPA: f AC: fSystems fand fProcess fManagement
7) Which fof fthe ffollowing fis fa fdefinition fof foutput ffrom fan finformation fsystem?
A) Output fis fraw fand funorganized fdata.
B) Output fis finformation fproduced fby fprocessing fdata.
C) Output fis fdatabase ffacts fand ffigures.
D) Output fis finformation fcollected ffrom fusers. fAnswer: fB


Diff: f1
Learning fObjective: f1.1 fExplain fhow faccounting faffects fboth fthe fdemand ffor fand fsupply fof
finformation.

Section fReference: fWhy fis fAccounting fInformation fImportant? fAACSB: fAnalytic
fBloom's: f Comprehension

AICPA: f AC: fSystems fand fProcess fManagement


8) Which fstatement fconcerning fdata fis fTRUE?
A) Data fis fuseless fto fa fbusiness funtil ftransformed finto finformation.
B) Data fis fthe foutput ffrom fan finformation fsystem.
C) Data fis forganized finto funderstandable fformats.
D) Data fis fprocessed fbefore fbeing finput finto fthe finformation fsystem.
fAnswer: fA fDiff: f1

Learning fObjective: f1.1 fExplain fhow faccounting faffects fboth fthe fdemand ffor fand fsupply fof
finformation.

Test fBank Page f3

, Created fBy: fTest
fBanks

Section fReference: fWhy fis fAccounting fInformation fImportant? fAACSB: fAnalytic
fBloom's: f Comprehension

AICPA: f AC: fSystems fand fProcess fManagement


9) Which fof fthe ffollowing factivities fwould fNOT fresult fin fa ftransaction fin fan
faccounting finformation fsystem?

A) Sell fgoods fto fa fcustomer fon faccount
B) Purchase fsupplies fon fcredit
C) Prepay ffor fsix fmonths fof finsurance
D) Receive fa fcustomer forder fAnswer:
fD fDiff: f2

Learning fObjective: f1.1 fExplain fhow faccounting faffects fboth fthe fdemand ffor fand fsupply fof
finformation.

Section fReference: fWhy fis fAccounting fInformation fImportant? fAACSB: fAnalytic
fBloom's: f Application

AICPA: f AC: fSystems fand fProcess fManagement


10) Which fof fthe ffollowing factivities fresults fin fa ftransaction fan faccounting
finformation fsystem?

A) Sell fgoods fto fa fcustomer
B) Submit fan forder fto fa fvendor
C) Create festimates ffor fa fcustomer
D) Receive fa fcustomer forder fAnswer:
fA fDiff: f2

Learning fObjective: f1.1 fExplain fhow faccounting faffects fboth fthe fdemand ffor fand fsupply fof
finformation.

Section fReference: fWhy fis fAccounting fInformation fImportant? fAACSB: fAnalytic
fBloom's: f Application

AICPA: f AC: fSystems fand fProcess fManagement


11) A fbusiness fmodel fis


Test fBank Page f4

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