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AIS Exam 1 Study Guide Questions & Answers 2024/2025
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AIS Exam 1 Study Guide Questions & Answers 2024/2025 What is AIS? - ANSWERSa system that collects, records, stores, and processes data to produce useful information for decision makers What are the three major components of AIS? - ANSWERSInputs, Processing methods, and outputs Inputs - A...

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  • August 9, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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AIS Exam 1 Study Guide Questions &
Answers 2024/2025

What is AIS? - ANSWERSa system that collects, records, stores, and processes data to produce useful
information for decision makers



What are the three major components of AIS? - ANSWERSInputs, Processing methods, and outputs



Inputs - ANSWERSraw transaction data



Processing methods - ANSWERSsorting, organizing, calculating, and applying accounting procedures



Outputs - ANSWERSuseful information such as management reports, financial statements, etc



What are the three elements of AIS? - ANSWERSAccounting, Information, Systems



Accounting - ANSWERSFinancial, managerial, auditing, and taxation



Information (vs data) - ANSWERS- data = raw facts about events that have little organization or meaning

- information is processed data

- raw data can be useful without being processed

- some data can also be information



Systems - ANSWERS- usually refers to "computer systems"



AIS answers what question? - ANSWERSWhere does information come from?

,How can the study of AIS help you? - ANSWERS- understand major transaction cycles (business
processes)

- develop specialized skills in designing an AIS

- design and evaluate internal controls within an IT environment



Traditional Accounting Career Opportunities - ANSWERS- Certified Information Technology Professional
(CITP)



System Consulting - ANSWERS- Value-added resellers (VARs)

- A special type of systems consultant who is licensed to sell particular software packages and provide
organizations with consulting services related to that software



Information Technology Auditing and Security - ANSWERSCertified Information System Auditors (CISAs)



The "S" in the acronym "AIS" stands for:

a) Standard

b) System

c) Symbol

d) none of these - ANSWERSb) System



Most AISs perform all of these functions except:

a) Collect raw accounting data

b) Store accounting data for future uses

c) Process data into useful information

d) AISs perform all of these functions - ANSWERSd) AISs perform all of these functions



Which of the following is true?

a) An AIS must be computerized to be useful

b) An AIS always produces useful information

c) An AIS always produces financial information

, d) none of these - ANSWERSd) none of these



The designation for a licensed information systems audit professional is:

a) CPA

b) CMA

c) CIA

d) CISA - ANSWERSd) CISA



Which of the following best describes "predictive analysis"?

a) It is a method auditors use to predict when managers might have a weak internal control system

b) It is a technique that uses data stored in data warehouses to create systems that allow managers to
use their data to improve performance

c) It is a method used to prevent managers from overriding internal controls

d) none of the above - ANSWERSb) It is a technique that uses data stored in data warehouses to create
systems that allow managers to use their data to improve performance



Which of the following accounting functions has been automated by most companies' information
processing subsystems?

a) Posting to ledgers

b) Recording journal entries

c) Preparing trial balances

d) all of the above - ANSWERSd) all of the above



A special type of systems consultant who is licensed to sell particular software packages and provide
organizations with consulting services related to that software is called ___________________.

a) CPA

b) SAR

c) VAR

d) CISA - ANSWERSc) VAR

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