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AIS Exam 1 Questions and Answers 100% correct
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AIS Exam 1 Questions and Answers 100% correct What is AIS? a system that collects, records, stores, and processes data to produce useful information for decision makers What are the three major components of AIS? Inputs, Processing methods, and outputs Inputs raw transaction data ...

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  • August 3, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ais exam 1 questions and answers 100 correct
  • what is ais a system that collects records stor
  • what are the three major components of ais inputs
  • inputs raw transaction data

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AIS Exam 1 Questions and Answers
100% correct
What is AIS? - answer a system that collects, records, stores, and processes data to
produce useful information for decision makers

What are the three major components of AIS? - answer Inputs, Processing methods,
and outputs

Inputs - answer raw transaction data

Processing methods - answer sorting, organizing, calculating, and applying
accounting procedures

Outputs - answer useful information such as management reports, financial
statements, etc

What are the three elements of AIS? - answer Accounting, Information, Systems

Accounting - answer Financial, managerial, auditing, and taxation

Information (vs data) - answer - data = raw facts about events that have little
organization or meaning
- information is processed data
- raw data can be useful without being processed
- some data can also be information

Systems - answer - usually refers to "computer systems"

AIS answers what question? - answer Where does information come from?

How can the study of AIS help you? - answer - understand major transaction cycles
(business processes)
- develop specialized skills in designing an AIS
- design and evaluate internal controls within an IT environment

Traditional Accounting Career Opportunities - answer - Certified Information
Technology Professional (CITP)

System Consulting - answer - Value-added resellers (VARs)
- A special type of systems consultant who is licensed to sell particular software
packages and provide organizations with consulting services related to that software

, Information Technology Auditing and Security - answer Certified Information System
Auditors (CISAs)

The "S" in the acronym "AIS" stands for:
a) Standard
b) System
c) Symbol
d) none of these - answer b) System

Most AISs perform all of these functions except:
a) Collect raw accounting data
b) Store accounting data for future uses
c) Process data into useful information
d) AISs perform all of these functions - answer d) AISs perform all of these functions

Which of the following is true?
a) An AIS must be computerized to be useful
b) An AIS always produces useful information
c) An AIS always produces financial information
d) none of these - answer d) none of these

The designation for a licensed information systems audit professional is:
a) CPA
b) CMA
c) CIA
d) CISA - answer d) CISA

Which of the following best describes "predictive analysis"?
a) It is a method auditors use to predict when managers might have a weak internal
control system
b) It is a technique that uses data stored in data warehouses to create systems that
allow managers to use their data to improve performance
c) It is a method used to prevent managers from overriding internal controls
d) none of the above - answer b) It is a technique that uses data stored in data
warehouses to create systems that allow managers to use their data to improve
performance

Which of the following accounting functions has been automated by most companies'
information processing subsystems?
a) Posting to ledgers
b) Recording journal entries
c) Preparing trial balances
d) all of the above - answer d) all of the above

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