Citp exam study guide 2 - Study guides, Class notes & Summaries
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ATI ACCOUNTING FINAL EXAM STUDY GUIDE
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ATI ACCOUNTING FINAL EXAM 
STUDY GUIDE 
Accounting Information Systems - CORRECT ANSWER -A system that records, processes, summarizes, 
reports and communicates the results of business transactions to provide financial and nonfinancial 
information to facilitate decision making. 
It is designed to ensure appropriate levels of internal controls for those transactions. 
What makes information useful? - CORRECT ANSWER -In order for information to be useful, it must be 
relevant and be a faithf...
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AIS Exam 1 Study Guide Questions and Answers
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AIS Exam 1 Study Guide Questions and Answers 
Chapter 1 
AIS: An Overview 
 
 
 
Information 
Different from data. It is data that have been organized and processed to provide meaning to a user. 
 
 
 
Data 
Facts that are collected, recorded, stored, and processed by an information system. The raw material and building blocks of information. 
 
 
 
System 
A set of interrelated components that interact to achieve a goal. 
 
 
 
Value of Information 
Value of Information = Benefits - Costs. 
 
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CITP - EXAM STUDY GUIDE 2 QUESTIONS AND ANSWERS WITH VERIFIED SOLUTIONS 2024
- Exam (elaborations) • 24 pages • 2024
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CITP - EXAM STUDY GUIDE 2 QUESTIONS AND ANSWERS WITH VERIFIED SOLUTIONS 2024
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