100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
(WGU D217) ACCT 3360 - Accounting Information Systems - Final Assessment Guide CA$18.11   Add to cart
Quickly navigate to
Preview
  2.  
  3. Western Governors University
  4.  
  5. ACCOUNTING

Exam (elaborations)

(WGU D217) ACCT 3360 - Accounting Information Systems - Final Assessment Guide

 4 views  0 purchase
  • Course
  • ACCOUNTING
  • Institution
  • Western Governors University

(WGU D217) ACCT 3360 - Accounting Information Systems - Final Assessment Guide (WGU D217) ACCT 3360 - Accounting Information Systems - Final Assessment Guide (WGU D217) ACCT 3360 - Accounting Information Systems - Final Assessment Guide (WGU D217) ACCT 3360 - Accounting Information Systems - Final ...

[Show more]

Preview 3 out of 29  pages

Document information

  • September 2, 2024
  • 29
  • 2024/2025
  • Exam (elaborations)
  • Unknown

Subjects

  • wgu d217 acct 3360 accounting information syst

Written for

  • Western Governors University
  • ACCOUNTING
All documents for this subject (56)

Seller

avatar-seller
Bankart

Reviews received

Content preview

D217 ACCT 3360



Accounting Information Systems




FINAL ASSESSMENT GUIDE




© WGU 2024/2025

,1. Multiple Choice: What is the primary purpose of an Accounting
Information System (AIS)?
a) To collect financial data
b) To process financial transactions
c) To provide financial reporting to stakeholders
d) To ensure compliance with tax laws
Correct Answer: c) To provide financial reporting to
stakeholders
Rationale: The main purpose of an AIS is to aggregate, process,
and communicate financial information to decision-makers.


2. Fill-in-the-Blank: The __________ is a set of rules and
procedures designed to ensure the accuracy and integrity of
financial reports.
Correct Answer: internal control system
Rationale: The internal control system is crucial for ensuring the
reliability of financial reporting.


3. True/False: XBRL (eXtensible Business Reporting Language) is
only used for reporting financial information to external
stakeholders.
Correct Answer: False

© WGU 2024/2025

, Rationale: XBRL is used for both internal and external financial
reporting, enhancing the communication process.


4. Multiple Response: Which of the following are objectives of
financial accounting? (Select all that apply)
a) Recording transactions
b) Budgeting and forecasting
c) Reporting to external stakeholders
d) Decision making
Correct Answers: a) Recording transactions, c) Reporting to
external stakeholders
Rationale: Financial accounting focuses on recording historical
financial information and providing reports to external parties.


5. Multiple Choice: In an AIS, which component is responsible for
collecting raw financial data?
a) The user interface
b) The database management system
c) The input devices
d) The output devices
Correct Answer: c) The input devices
Rationale: Input devices are used to collect and enter raw data
into the system.
© WGU 2024/2025

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 Bankart. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$18.11. 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

Recently viewed by you

Exam (elaborations) ·

(1)

C954 PKDV

CA$18.11
  • (0)
  Add to cart