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AIS Exam Review Questions and Answers
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AIS Exam Review Questions and Answers An accounting information system (AIS) processes ________ to provide users with ________ data; information data; transactions information; data data; benefits data; information Accounting information plays major roles in managerial decisi...

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  • August 4, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ais exam review questions and answers
  • an accounting information system ais processes
  • accounting information plays major roles in manage
  • which of the following is not one of the component

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  • Ais
  • Ais

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AIS Exam Review Questions and
Answers
An accounting information system (AIS) processes ________ to provide users with
________


data; information

data; transactions

information; data

data; benefits - answer data; information

Accounting information plays major roles in managerial decision making by


identifying situations requiring management action.

reducing uncertainty.

providing a basis for choosing among alternative actions.

All of these - answer All of these

Which of the following is not one of the components of an AIS?



internal controls and security measures

people

procedures and instructions

hardware - answer Hardware

Data must be converted into information to be considered useful and meaningful for
decision making. There are seven characteristics that make information both useful and
meaningful. If the information is free from error or bias, it is representative of the
characteristic of

, reliability.

relevance.

verifiability.

truthful - answer reliability.

Message left on voicemail: "Hi Nikki! Just landed at the airport. How about dinner this
evening if you're available. Call me!" Which of the following characteristics of useful
information is absent in the situation described above?

relevant
reliable
complete
accessible - answer complete

Which statement below is true with regards to an audit trail?


A. An audit trail begins with the general journal.

B. An audit trail provides the means to check the accuracy and validity of ledger
postings.

C. An audit trail is a summary of recorded transactions.

D. An audit trail is automatically created in every computer-based information system. -
answer B. An audit trail provides the means to check the accuracy and validity of
ledger postings.

In Petaluma, California, electric power is provided to consumers by Pacific Power. Each
month Pacific Power mails bills to 186,000 households and then processes payments
as they are received. What is the best way for this business to ensure that payment
data entry is efficient and accurate?


well-designed paper forms

source data automation

turnaround documents

sequentially numbered bills - answer turnaround documents

Identify the statement below that is false with regards to effective coding practices.

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