,Table of Contents
1. Accounting Information Systems: An Overview
2. Overview of Transaction Processing and Enterprise -Resource Planning Systems
3. Systems Documentation Techniques
4. Relational Databases
5. Introduction to Data Analytics in Accounting
6. Transforming Data
7. Data Analysis and Presentation
8. Fraud and Errors
9. Computer Fraud and Abuse Techniques
10. Control and Accounting Information Systems
11. Controls for Information Security
12. Confidentiality and Privacy Controls
13. Processing Integrity and Availability Controls
14. The Revenue Cycle: Sales to Cash Collections
15. The Expenditure Cycle: Purchasing to Cash Disbursements
16. The Production Cycle
17. The Human Resources Management and Payroll Cycle
18. General Ledger and Reporting System
19. Database Design Using the REA Data Model
20. Implementing an REA Model in a Relational Database
21. Special Topics in REA Modeling
22. Introduction to Systems Development and Systems Analysis
23. AIS Development Strategies
24. Systems Design, Implementation, and Operation
2
, Chapter 1 Accounting Information Systems: An Overview
1.1 Distinguish Data From Information, Discuss The Characteristics Of Useful Information,
AndExplain How To Determine The Value Of Information.
1) Which Of The Following Statements Below Shows The Contrast Between Data
AndInformation?
A) Data Is The Output Of An AIS.
B) Information Is The Primary Output Of An AIS.
C) Data Is More Useful In Decision Making Than Information.
D) Data And Information Are The Same.
Answer: B
2) Information Is Best Described As
A) Raw Facts About Transactions.
B) Data That Has Been Organized And Processed So That It Is Meaningful To The User.
C) Facts That Are Useful When Processed In A Timely Manner.
D) The Same Thing As Data.
Answer: B
3) The Value Of Information Can Best Be Determined By
A) Its Usefulness To Decision Makers.
B) Its Relevance To Decision Makers.
C) The Benefits Associated With Obtaining The Information Minus The Cost Of Producing It.
D) The Extent To Which It Optimizes The Value Chain.
Answer: C
4) An Accounting Information System (AIS) Processes To Provide Users With
.
A) Data; Information
B) Data; Transactions
C) Information; Data
D) Data;Benefits
Answer: A
5) Information Reduces Uncertainty, Improves Decision Makers' Ability To
MakePredictions, Or Confirms Expectations.
A) Timely
1
, B) Reliable
C) Relevant
D) Complete
Answer: C
6) Information That Is Free From Error Or Bias And Accurately Represents The Events Or
ActivitiesOf The Organization Is
A) Relevant.
B) Reliable / Faithful Representation.
C) Verifiable.
D) Timely.
Answer: B
7) Information That Does Not Omit Important Aspects Of The Underlying Events Or
ActivitiesThat It Measures Is
A) Complete.
B) Accessible.
C) Relevant.
D) Timely.
Answer: A
8) Information Is When Two Knowledgeable People Independently Produce
TheSame Information.
A) Verifiable
B) Relevant
C) Reliable
D) Complet
eAnswer: A
9) Data Must Be Converted Into Information To Be Considered Useful And Meaningful For
Decision Making. There Are Six Characteristics That Make Information Both Useful And
Meaningful. If Information Is Free From Error Or Bias And Accurately Represents The Events
OrActivities Of The Organization, It Is Representative Of The Characteristic Of
A) Relevancy.
B) Timeliness.
C) Understandability.
D) Reliability.
2
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