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Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage

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Accounting Information Systems

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Accounting Information Systems

Test Bank for Accounting Information Systems: Connecting Careers, Systems, and Analytics, 1st Edition 1e by Arline A. Savage, Danielle Brannock, Alicja Foksinska. Full Chapters test bank are included - Chapter 1 to 19 1 Accounting as Information 1.1 Why Is Accounting Information Important? 1-2 1.2 ...

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accounting information systems 1st edition

Instelling Accounting Information Systems
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Created tBy: tA tSolution t

TEST tBANK tFOR tACCOUNTING tINFORMATION tSYSTEM
1ST tEDITION tBY tARLINE tSAVAGE tA+
t

Chapter t01: tAccounting tas tInformation
1) Accounting tcommunicates tto tstakeholders
A) minimally trequired tpublic tfinancial tdata.
B) the tfinancial toutcomes tof toperating, tinvesting, tand tfinancing tactivities.
C) the tsales tstrategy tfor tthe toperating, tmarketing, tand tsales tactivities.
D) black tand twhite tdetails tabout tthe teconomics tof toperating tactivities. tAnswer: tB
Diff: t1
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tCommunication
Bloom's: tComprehension tAICPA: tAC: tReporting

2) Accounting tcommunicates tthe tfinancial toutcomes tof ta tbusiness's tactivities tfor
A) operating.
B) investing.
C) financing.
D) All tof tthese tanswer tchoices tare tcorrect. tAnswer: tD
Diff: t1
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tCommunication
Bloom's: tComprehension tAICPA: tAC: tReporting

3) In twhat tway tdo tmanagement tteams tuse taccounting tdata?
A) Management tteams tuse taccounting tdata tto tmake tbusiness tdecisions.
B) Management tteams tuse taccounting tdata tto tmake tand texecute tplans.
C) Management tteams tuse teconomic tand taccounting tdata ttogether tto tmake tdecisions.
D) All tof tthese tanswer tchoices tare tcorrect. tAnswer: tD

A+ Page t1

,Created tBy: tA tSolution t

Diff: t1
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tAnalytic
Bloom's: t tComprehension
AICPA: t tAC: tRisk tAssessment, tAnalysis, tand tManagement
t

4) Which tstatement tis tTRUE?
A) Accounting tconsists tof trigid tblack tand twhite trules.
B) Accountants tcrunch tnumbers, tnot tmake tdecisions.
C) Accounting thelps tsupport ta tprosperous tsociety.
D) Accountants tfocus ton tdebits tand tcredits, tnot tbusiness tactivities. tAnswer: tC
Diff: t1
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tAnalytic
Bloom's: tComprehension tAICPA: tN/A

5) Which tof tthe tfollowing tis tNOT ta tcomponent tof tan tinformation tsystem?
A) Hardware
B) Software
C) Input
D) Network tAnswer: tC tDiff: t1
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tAnalytic
Bloom's: t tKnowledge
AICPA: t tAC: tSystems tand tProcess tManagement

6) Input tto tan tinformation tsystem tconsists tof
A) raw tand tunorganized tdata.

A+ Page t2

,Created tBy: tA tSolution t

B) hardware tand tsoftware.
C) reported tinformation.
D) processed tdata.
Answer: t tA
Diff: t1
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tAnalytic
Bloom's: t tKnowledge
AICPA: t tAC: tSystems tand tProcess tManagement
7) Which tof tthe tfollowing tis ta tdefinition tof toutput tfrom tan tinformation tsystem?
A) Output tis traw tand tunorganized tdata.
B) Output tis tinformation tproduced tby tprocessing tdata.
C) Output tis tdatabase tfacts tand tfigures.
D) Output tis tinformation tcollected tfrom tusers. tAnswer: tB
t

Diff: t1
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tAnalytic
Bloom's: t tComprehension
AICPA: t tAC: tSystems tand tProcess tManagement

8) Which tstatement tconcerning tdata tis tTRUE?
A) Data tis tuseless tto ta tbusiness tuntil ttransformed tinto tinformation.
B) Data tis tthe toutput tfrom tan tinformation tsystem.
C) Data tis torganized tinto tunderstandable tformats.
D) Data tis tprocessed tbefore tbeing tinput tinto tthe tinformation tsystem. tAnswer: tA
Diff: t1
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

A+ Page t3

, Created tBy: tA tSolution t

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tAnalytic
Bloom's: t tComprehension
AICPA: t tAC: tSystems tand tProcess tManagement

9) Which tof tthe tfollowing tactivities twould tNOT tresult tin ta ttransaction tin tan taccounting
tinformation tsystem?

A) Sell tgoods tto ta tcustomer ton taccount
B) Purchase tsupplies ton tcredit
C) Prepay tfor tsix tmonths tof tinsurance
D) Receive ta tcustomer torder tAnswer: tD
Diff: t2
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tAnalytic
Bloom's: t tApplication
AICPA: t tAC: tSystems tand tProcess tManagement
t

10) Which tof tthe tfollowing tactivities tresults tin ta ttransaction tan taccounting tinformation
tsystem?

A) Sell tgoods tto ta tcustomer
B) Submit tan torder tto ta tvendor
C) Create testimates tfor ta tcustomer
D) Receive ta tcustomer torder tAnswer: tA
Diff: t2
Learning tObjective: t1.1 tExplain thow taccounting taffects tboth tthe tdemand tfor tand tsupply tof
tinformation.

Section tReference: tWhy tis tAccounting tInformation tImportant? tAACSB: tAnalytic
Bloom's: t tApplication
AICPA: t tAC: tSystems tand tProcess tManagement

11) A tbusiness tmodel tis

A+ Page t4

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