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Accounting Information System (AIS) Questions and Answers correct
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Accounting Information System (AIS) Questions and Answers correct what is information? 1. facts provided or learned about something or someone 2. what is conveyed or represented by a particular arrangement or sequence of things what is a system? 1. a set of things working together as par...

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  • August 4, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • accounting information system ais questions and
  • what is information 1 facts provided or learned
  • what is a system 1 a set of things working toget
  • what is an information system the set of formal p

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Accounting Information System (AIS)
Questions and Answers correct
what is information? - answer 1. facts provided or learned about something or
someone
2. what is conveyed or represented by a particular arrangement or sequence of things

what is a system? - answer 1. a set of things working together as parts of a
mechanism or interconnecting network
2. a set of principles or procedures according to which something is done; an organized
scheme or method

what is an information system? - answer the set of formal procedures by which data
are collected, stored, processed into information, and distributed to users

what is an accounting information system (AIS) - answer a system that records,
processes, summarizes, and reports on business transactions to provide financial and
nonfinancial information to facilitate decision making. In addition, an AIS is designed to
ensure appropriate levels or internal controls for those transactions

what are the six elements of an AIS? - answer 1. people
2. procedures
3. data (source data)
4. software
5. IT Infrastructure
6. Internal Controls

what are data? - answer data are simply raw facts that describe the characteristics of
an event that, in isolation, have little meaning

4 activities related to data - answer 1. data sourcing
2. data collection
3. data processing
4. data storage (database management)

what is information related to data? - answer information is defined as data
organized in a meaningful way to be useful to the user

characteristics of GOOD information - answer relevant and reliable (faithful)

relevant - answer 1. predictive value
2. feedback value
3. timeliness

, 4. material

reliable (faithful) - answer 1. security / confidentiality
2. privacy
3. processing integrity
4. availability
5. dependable

list the type and the primary use of the software:

MS Excel - answer -spreadsheet
- easy data input, transformation, & visualization

list the type and the primary use of the software:

MS Access - answer -database builder
-creates relation datebase

list the type and the primary use of the software:

Quickooks - answer -prebuilt database
- AIS for small and medium businesses

list the type and the primary use of the software:

SAP - answer -ERP
- AIS for large businesses

list the type and the primary use of the software:

Power BI - answer -Data analytics
-data visualization

list the type and the primary use of the software:

Taleau - answer -data analytics
-data visualization

roles for accountants within an AIS
AIS User - answer -input journal entries
-calculate the cost of a product
-prepare financial statements
-prepare tax returns
-use anti-virus software to protect the system

roles for accountants within an AIS

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