Exam (elaborations)

TEST BANK FOR ACCOUNTING INFORMATION SYSTEMS 1st EDITION BY VERNON RICHARDSON, CHENGYEE CHANG AND ROD SMITH ALL CHAPTERS INCLUDED 2023/2024.

0 purchase

Course
ACCOUNTING

Institution
Liberty University

Book
Accounting Information Systems

TEST BANK FOR ACCOUNTING INFORMATION SYSTEMS 1st EDITION BY VERNON RICHARDSON, CHENGYEE CHANG AND ROD SMITH ALL CHAPTERS INCLUDED 2023/2024. 1 | P a g e Chapter 01 Accounting Information Systems and Firm Value True / False Questions 1. Accounting and Finance is a primary activity in th...

[Show more]

Preview 4 out of 46 pages

View example

Uploaded on November 10, 2023
Number of pages 46
Written in 2023/2024
Type Exam (elaborations)
Contains Questions & answers

test bank for accounting information systems 1st

Tutor23 Member since 3 year 1866 documents sold

117

$20.49

Add to cart

Save

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

TEST BANK FOR ACCOUNTING
INFORMATION SYSTEMS 1st
EDITION BY VERNON
RICHARDSON, CHENGYEE
CHANG AND ROD SMITH ALL
CHAPTERS
INCLUDED 2023/2024.

, Chapter 01

Accounting Information Systems and Firm Value

True / False Questions

1. Accounting and Finance is a primary activity in the value chain.

True False

2. Accounting Information Systems at this date are all computerized.

True False

3. Business value includes all those items, events and interactions that determine the financial
health and well-being of the firm.

True False

4. The Certified Information Technology Professional (CITP) is a professional designation for those
with broad range of technology knowledge and does not require a CPA.

True False

5. The Certified Information Systems Auditor (CISA) is a professional designation generally sought
by those performing IT audits.

True False

6. Information is defined as being data organized in a meaningful way to be useful to the user.

True False

1|Page

,7. Data is defined as being information organized in a meaningful way to be useful to the user.

True False

8. A systems analyst analyzes a business problem that might be addressed by an information
system and recommends software or systems to address that problem.

True False

9. A value chain is defined as the flow of materials, information, payments, and services from
customer to supplier.

True False

10. Relevant information is that information that is free from bias and error.

True False

11. The characteristics of relevant information include predictive value, feedback value and
timeliness.

True False

12. The characteristics of reliable information are that the information is verifiable, without bias and
timely.

True False

13. Information overload is defined as the difficulty a person faces in understanding a problem and
making a decision as a consequence of too much information.

True False

2|Page

, 14. The main financial benefit of Customer Relationship Management practices reduces the cost of
goods sold.

True False

15. An efficient Enterprise System can significantly lower the cost of support processes included in
sales, general, and administrative expenses.

True False

16. An accounting information system (AIS) is defined as being an information system that records,
processes and reports on transactions to provide financial information for decision making and
control.

True False

17. An enterprise system is a centralized database that collects data from throughout the firm. This
includes data from orders, customers, sales, inventory and employees

True False

18. Outbound logistics are the activities associated with receiving and storing raw materials and other
partially completed materials, and distributing those materials to manufacturing when and where
they are needed.

True False

19. Service Activities as defined in the value chain are those activities that provide the support of
customers after the products and services are sold to them (e.g. warranty repairs, parts,
instruction manuals, etc.).

True False

3|Page

The benefits of buying summaries with Stuvia:

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

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

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 Tutor23. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $20.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

66902 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Exam (elaborations)

TEST BANK FOR ACCOUNTING INFORMATION SYSTEMS 1st EDITION BY VERNON RICHARDSON, CHENGYEE CHANG AND ROD SMITH ALL CHAPTERS INCLUDED 2023/2024.

Document information

Subjects

Connected book

More summaries for

Written for

Seller

Reviews received

Content preview