TEST BANK for Accounting Information Systems 4th Edition by Robert Hurt ISBN 978-4. TABLE OF CONTENTS Chapter 01 Role and Purpose of Accounting Information Chapter 02Transaction Processing in the AIS Chapter 03 Internal Controls Chapter 04 Management Concepts Chapter 05 Information Systems Concepts...
,3. An accounting information system is defined by the text as a set of three interrelated
elements. Which of the following choices best gives an example of each element?
A. Buying inventory, selling inventory, balance sheet
B. Buying inventory, sales invoice, general ledger software
C. Selling inventory, sales invoice, balance sheet
D. Selling inventory, writing a check, general ledger software
4. An accounting information system transforms inputs into outputs via processes such as:
A. Journalizing transactions and posting them to the ledger
B. Identifying the elements of the FASB Conceptual Framework
C. Always utilizing information technology
D. Recognizing and adapting to the cost-benefit constraint
5. Which of the following best fits the definition of an accounting information system explained
in the text?
A. A checkbook register
B. A publicly-traded corporation's financial statements
C. Processed source documents leading to the general purpose financial statements
D. An Excel spreadsheet of financial statement ratios
, 6. April compiled checks, receipts and invoices, then entered them into Quickbooks. She printed
out her financial statements and took them to the bank as documentation for a loan
application. In that scenario, checks, receipts and invoices could be referred to as:
A. Documents and data
B. Data and information
C. Documents and information
D. Documents, data and information
7. Claudia borrowed money from her bank, signing a five-year note payable. She then calculated
the monthly payment needed to pay off the loan within three years. Which of the following
statements is/are most true?
A. The required monthly payment is an example of "information," as the term is used in the
definition of an accounting information system.
B. The five-year note payable would be considered a "technology" if it were prepared with
computer software.
C. Both the required monthly payment is an example of "information," as the term is used in
the definition of an accounting information system and the five-year note payable would
be considered a "technology" if it were prepared with computer software are true.
D. Neither the required monthly payment is an example of "information," as the term is used
in the definition of an accounting information system nor the five-year note payable would
be considered a "technology" if it were prepared with computer software is true.
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