Exam (elaborations)

Accounting Information Systems, 3rd Edition TEST BANK by Vernon Richardson, Verified Chapters 1 - 18, Complete Newest Version

5 views 0 purchase

Course
Accounting Information Systems, 3rd Edition

Institution
Accounting Information Systems, 3rd Edition

Accounting Information Systems, 3rd Edition TEST BANK by Vernon Richardson, Verified Chapters 1 - 18, Complete Newest Version TEST BANK For Accounting Information Systems, 3rd Edition by Vernon Richardson, Verified Chapters 1 - 18, Complete Newest Version TEST BANK For Accounting Information Sys...

[Show more]

Preview 10 out of 368 pages

View example

Uploaded on March 11, 2024
Number of pages 368
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

accounting information systems
accounting information systems 3rd edition
accounting information systems 3rd edition test b
accounting information systems 3e answers keys

Institution Accounting Information Systems, 3rd Edition
Course Accounting Information Systems, 3rd Edition

LectWarren

Member since 1 year 238 documents sold

CA$29.73

Added

Add to cart

Add to wishlist

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

TEST BANK For Accounting Information Systems,
4th Edition by Vernon Richardson,
Verified Chapters 1 - 17, Complete

, Chapter 1: Accounting Information Systems and Firm Value

Chapter 2: Data Analytics: Addressing Accounting Questions with Data

Chapter 3: Data Analytics: Data Visualizations

Chapter 4: Process Modeling and Documentation Tools

Chapter 5: Data Modeling and Control Concepts

Chapter 6: Relational Databases and Enterprise Systems

Chapter 7: Sales and Collections Business Process

Chapter 8: Purchases and Payments Business Process

Chapter 9: Conversion Business Process

Chapter 10: Integrated Project

Chapter 11: Accounting Information Systems and Internal Controls

Chapter 12: Cybersecurity and Computer Fraud

Chapter 13: Monitoring and Auditing AIS

Chapter 14: eXtensible Business Reporting Language (XBRL)

Chapter 15: Emerging Technologies: Blockchain and AI Automation

Chapter 16: The Balanced Scorecard and Business Value of Information Technology

Chapter 17: Justifying and Planning IT Initiatives Using Project Management Techniques

, ACCOUNTING INFORMATION SYSTEMS (RICHARDSON)

Chapter 1 Accounting Information Systems and Firm Value

1) Accounting and Finance is a primary activity in the value chain.
ANSWER: FALSE
Diff: 1
Topic: The Value Chain and Accounting Information Systems
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

2) Accounting Information Systems at this date are all
computerized. ANSWER: FALSE
Diff: 1
Topic: Data versus Information
Learning Objective: 01-02 Distinguish among data, information, and an information system.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

3) Business value includes all those items, events and interactions that determine the financial
health and well-being of the firm.
ANSWER: TRUE
Diff: 1
Topic: The Value Chain and Accounting Information Systems
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

4) The Certified Information Technology Professional (CITP) is a professional designation for those
with a broad range of technology knowledge and does not require a CPA.
ANSWER: FALSE
Diff: 1
Topic: Role of Accountants in Accounting Information Systems
Learning Objective: 01-03 Distinguish the roles of accountants in providing information, and explain certifications
related to accounting information systems.
Bloom's: Remember AACSB:
Reflective Thinking
AICPA: BB Industry; FN Decision Making

5) The Certified Information Systems Auditor (CISA) is a professional designation generally sought
by those performing IT audits.
ANSWER: TRUE
Diff: 1
Topic: Role of Accountants in Accounting Information Systems
Learning Objective: 01-03 Distinguish the roles of accountants in providing information, and explain certifications
related to accounting information systems.
Page 1

, ACCOUNTING INFORMATION SYSTEMS (RICHARDSON)
Bloom's: Remember AACSB:
Reflective Thinking
AICPA: BB Industry; FN Decision Making

Page 2

, ACCOUNTING INFORMATION SYSTEMS (RICHARDSON)

6) Information is defined as being data organized in a meaningful way that is useful to the
user. ANSWER: TRUE
Diff: 1
Topic: Data versus Information
Learning Objective: 01-02 Distinguish among data, information, and an information system.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

7) Data is defined as being information organized in a meaningful way that is useful to the
user. ANSWER: FALSE
Diff: 1
Topic: Data versus Information
Learning Objective: 01-02 Distinguish among data, information, and an information system.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

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.
ANSWER: TRUE
Diff: 1
Topic: The Value Chain and Accounting Information Systems
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

9) A value chain is defined as the flow of materials, information, payments, and services
from customer to supplier.
ANSWER: FALSE
Diff: 1
Topic: The Value Chain and Accounting Information Systems
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

10) Relevant information is that information that is free from bias and
error. ANSWER: FALSE
Diff: 1
Topic: Definition of Accounting Information Systems; Attributes of Useful Information
Learning Objective: 01-01 Define an accounting information system, and explain characteristics of useful information.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

Page 3

, ACCOUNTING INFORMATION SYSTEMS (RICHARDSON)

11) The characteristics of relevant information include predictive value, feedback value and
timeliness. ANSWER: TRUE
Diff: 1
Topic: Definition of Accounting Information Systems; Attributes of Useful Information
Learning Objective: 01-01 Define an accounting information system, and explain characteristics of useful information.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

12) The characteristics of reliable information are that the information is verifiable, without bias
and timely.
ANSWER: FALSE
Diff: 1
Topic: Definition of Accounting Information Systems; Attributes of Useful Information
Learning Objective: 01-01 Define an accounting information system, and explain characteristics of useful information.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

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.
ANSWER: TRUE
Diff: 1
Topic: Definition of Accounting Information Systems; Attributes of Useful Information
Learning Objective: 01-02 Distinguish among data, information, and an information system.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

14) The main financial benefit of Customer Relationship Management practices reduces the cost
of goods sold.
ANSWER: FALSE
Diff: 1
Topic: AIS, Firm Profitability, and Stock Prices
Learning Objective: 01-08 Assess the impact of AIS on firm profitability and stock prices.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

15) An efficient Enterprise System can significantly lower the cost of support processes included in
sales, general, and administrative expenses.
ANSWER: TRUE
Diff: 1
Topic: AIS, Firm Profitability, and Stock Prices
Learning Objective: 01-08 Assess the impact of AIS on firm profitability and stock prices.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

Page 4

, ACCOUNTING INFORMATION SYSTEMS (RICHARDSON)

16) An accounting information system (AIS) is defined as being an information system that records,
processes and reports on transactions to provide financial and nonfinancial information for
decision making and control.
ANSWER: TRUE
Diff: 1
Topic: Definition of Accounting Information Systems
Learning Objective: 01-01 Define an accounting information system, and explain characteristics of useful information.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

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.
ANSWER: TRUE
Diff: 1
Topic: AIS and Internal Business Processes
Learning Objective: 01-06 Describe how AIS assists the firm's internal business processes.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

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.
ANSWER: FALSE
Diff: 1
Topic: The Value Chain and Accounting Information Systems
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

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.).
ANSWER: TRUE
Diff: 1
Topic: The Value Chain and Accounting Information Systems
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

20) A well-designed and well-functioning AIS can be expected to create value by providing relevant
information helpful to management to increase revenues and reduce expenses.
ANSWER: TRUE
Diff: 1
Topic: AIS, Firm Profitability, and Stock Prices
Learning Objective: 01-08 Assess the impact of AIS on firm profitability and stock prices.
Bloom's: Remember
AACSB: Reflective Thinking
Page 5

, ACCOUNTING INFORMATION SYSTEMS (RICHARDSON)
AICPA: BB Industry; FN Decision Making

Page 6

, ACCOUNTING INFORMATION SYSTEMS (RICHARDSON)

21) Production of a 1040 tax form from the AIS to be delivered to the Internal Revenue Service is an
example of discretionary information.
ANSWER: FALSE
Diff: 1
Topic: Data versus Information
Learning Objective: 01-02 Distinguish among data, information, and an information system.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

22) An enterprise system is primarily used to manage and nurture a firm's interactions with its
current and potential clients.
ANSWER: FALSE
Diff: 1
Topic: AIS and Internal Business Processes
Learning Objective: 01-06 Describe how AIS assists the firm's internal business processes.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

23) The Sarbanes-Oxley Act of 2002 is a federal law in the United States that set new and
enhanced standards for all U.S. public companies, their management and public accounting
firms.
ANSWER: TRUE
Diff: 1
Topic: Role of Accountants in Accounting Information Systems
Learning Objective: 01-03 Distinguish the roles of accountants in providing information, and explain certifications
related to accounting information systems.
Bloom's: Remember AACSB:
Reflective Thinking
AICPA: BB Industry; FN Decision Making

24) CRM software often includes the use of database marketing tools to learn more about
the customers and to develop strong firm-to-customer relationships.
ANSWER: TRUE
Diff: 1
Topic: AIS and External Business Processes
Learning Objective: 01-07 Assess how AIS facilitates the firm's external business processes.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making

25) The Certified Information Technology Professional is the position created by the AICPA to
recognize CPAs who have the ability to provide skilled professional services on Information
Technology.
ANSWER: TRUE
Diff: 1
Topic: Data versus Information
Learning Objective: 01-03 Distinguish the roles of accountants in providing information, and explain certifications
related to accounting information systems.
Bloom's: Remember AACSB:
Page 7

, ACCOUNTING INFORMATION SYSTEMS (RICHARDSON)
Reflective Thinking
AICPA: BB Industry; FN Decision Making

Page 8

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 LectWarren. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$29.73. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75632 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Exam (elaborations)

Accounting Information Systems, 3rd Edition TEST BANK by Vernon Richardson, Verified Chapters 1 - 18, Complete Newest Version

Document information

Subjects

Written for

Seller

Reviews received

Content preview