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AIS Questions and Answers Graded A+
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AIS Questions and Answers Graded A+ What is an accounting information system? An accounting information system is a structure of interrelated components that collect, store, and process data arising from business events. What are the components of an accounting information system? Procedu...

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  • August 3, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ais questions and answers graded a
  • what is an accounting information system an accou
  • what are the components of an accounting informati
  • why is it important for accountants to know about

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AIS Questions and Answers Graded A+
What is an accounting information system? - answer An accounting information
system is a structure of interrelated components that collect, store, and process data
arising from business events.

What are the components of an accounting information system? - answer
Procedures and instructions, internal controls, data, people, software, and information
technology infrastructure

Why is it important for accountants to know about accounting information systems? -
answer Because accountants use them every day.

What is the main benefit of an accounting information system? - answer The main
benefit AISs provide is that they efficiently gather and store all relevant business event
data for the purpose of extracting information for decision making. Scope of data,
financial/non-financial. Breadth and depth of data. All of this helps for better decision
making.

What is the main disadvantage of an accounting information system? - answer Cost
(implentation, updates, maintenance)

How do accounting information systems differ from traditional double-entry systems? -
answer AISs gather and store all relevant business event data, whereas traditional
double-entry systems gather and store only financial details.

What is a relational database? And why are they useful in building an AIS? - answer
Tables made up of rows and columns linked to other tables. Each table has one focus
which is why relationships are created. Reduces storage costs-data redundancy,
analytical abilities-model real world entities.

How are internal controls relevant to an accounting information system? - answer
Internal controls help maintain the integrity of the accounting information system and the
accounting information system is the platform with which many of the internal controls
are implemented.

What is the purpose of the REA Matrix? - answer To identify and organize the events
and their related agents and resources

What is the purpose of the REA Diagram? - answer It is given to the user to show
how the tables in the database are linked together, in their applicable business cycles,
so that the user can perform updates or maintenance.

, What is the purpose of the Schema? - answer The Schema identifies all of the
primary keys, foreign keys, and other attributes that will be found in each table; it serves
as a guide for the designer of the database to follow and also for auditors and other
users to find out where specific data is stored in the database. (alphabetize)

Describe the REA Matrix - answer Only non-client document, Identify business
events, resources, and agents. Formatted as ERA(events, resources,agent). First step
in the design process.

Describe the REA Diagram - answer Organized in cycles: Production, Payroll,
Revenue, Purchase. Client Document; identify tables and types of relationships.
Indicates where relationship tables will be placed

Describe the Schema - answer Primary keys are underlined, foreign keys in italics.
Client document used to identify fields, primary keys, foreign keys, and other attributes.
Lists REA, relationship, and lookup tables.

Define Control Source - answer Where we are writing the information to, A field in
the table

Define Record SOurce - answer Tables or query that the form is based off of

Define Row Source - answer List source you're pulling from for a combo box

Whats the purpose of a form? - answer mask for entering data into tables

Why use subforms? - answer Writes data to a different table than the form, they are
inserted in another form

Whats the purpose of a query? - answer A question asked to a database, combines
data from different tables and specific fields, allows user to manipulate data

Whats the purpose of a report? - answer To present information in a formal way to
decision makers

Whats the purpose of a table? - answer To hold data

What is the purpose of a relationship table? - answer Allows for many to many
relationships to take place

What is the purpose of referential integrity? - answer Both tables same file, fields in
relationship have same data type, parent table's field is a primary key, child table can
only hold values found in parent table

What are action queries? - answer Append query, update query, delete query

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