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Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage with complete solution Grade A+ $15.49
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Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage with complete solution Grade A+
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Test Bank for Accounting Information Systems, 1st Edition by Arline A. Savage with complete solution Grade A+

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Document information

  • September 14, 2024
  • 754
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • 1st edition
  • accounting information systems
  • accounting information system
  • arline a savage with complete solution grade a
  • test bank for accounting information systems 1st

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  • Accounting Information Systems
  • Accounting Information Systems

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CreatedjBy:jTestjBanks


Test Bank forAccounting Information Systems, 1st Editi
j n j j j j j




on by Arline A. Savage Latest 2024
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Chapterj01:jAccountingjasjInformation
1) Accountingjcommunicatesjtojstakeholders
A) minimallyjrequiredjpublicjfinancialjdata.
B) thejfinancialjoutcomesjofjoperating,jinvesting,jandjfinancingjactivities.
C) thejsalesjstrategyjforjthejoperating,jmarketing,jandjsalesjactivities.
D) blackjandjwhitejdetailsjaboutjthejeconomicsjofjoperatingjactivities.jAnswer:jBjDi
ff:j1
LearningjObjective:j1.1jExplainjhowjaccountingjaffectsjbothjthejdemandjforjandjsupplyjofjinformation
.
SectionjReference:jWhyjisjAccountingjInformationjImportant?jAACSB:jCommunicationjBl
oom's:jComprehensionjAICPA:jAC:jReporting


2) Accountingjcommunicatesjthejfinancialjoutcomesjofjajbusiness'sjactivitiesjfor
A) operating.
B) investing.
C) financing.
D) Alljofjthesejanswerjchoicesjarejcorrect.jAnswer:jDjD
iff:j1
LearningjObjective:j1.1jExplainjhowjaccountingjaffectsjbothjthejdemandjforjandjsupplyjofjinformation
.
SectionjReference:jWhyjisjAccountingjInformationjImportant?jAACSB:jCommunicationjBl
oom's:jComprehensionjAICPA:jAC:jReporting


3) Injwhatjwayjdojmanagementjteamsjusejaccountingjdata?
A) Managementjteamsjusejaccountingjdatajtojmakejbusinessjdecisions.
B) Managementjteamsjusejaccountingjdatajtojmakejandjexecutejplans.
C) Managementjteamsjusejeconomicjandjaccountingjdatajtogetherjtojmakejdecisions.
D) Alljofjthesejanswerjchoicesjarejcorrect.jAnswer:jD

Testj Bank Pagej 1

,CreatedjBy:jTestjBanks

Diff:j1
LearningjObjective:j1.1jExplainjhowjaccountingjaffectsjbothjthejdemandjforjandjsupplyjofjinformation
.
SectionjReference:jWhyjisjAccountingjInformationjImportant?jAACSB:jAnalyticjBloom's:j
Comprehension
AICPA:j AC:jRiskjAssessment,jAnalysis,jandjManagement


4) WhichjstatementjisjTRUE?
A) Accountingjconsistsjofjrigidjblackjandjwhitejrules.
B) Accountantsjcrunchjnumbers,jnotjmakejdecisions.
C) Accountingjhelpsjsupportjajprosperousjsociety.
D) Accountantsjfocusjonjdebitsjandjcredits,jnotjbusinessjactivities.jAnswer:jCjDi
ff:j1
LearningjObjective:j1.1jExplainjhowjaccountingjaffectsjbothjthejdemandjforjandjsupplyjofjinformation
.
SectionjReference:jWhyjisjAccountingjInformationjImportant?jAACSB:jAnalyticjBloom's:j
ComprehensionjAICPA:jN/A


5) WhichjofjthejfollowingjisjNOTjajcomponentjofjanjinformationjsystem?
A) Hardware
B) Software
C) Input
D) NetworkjAnswer:jCjDiff:j1
LearningjObjective:j1.1jExplainjhowjaccountingjaffectsjbothjthejdemandjforjandjsupplyjofjinformatio
n.
SectionjReference:jWhyjisjAccountingjInformationjImportant?jAACSB:jAnalyticjBloom's:j
Knowledge
AICPA:j AC:jSystemsjandjProcessjManagement


6) Inputjtojanjinformationjsystemjconsistsjof
A) rawjandjunorganizedjdata.


Testj Bank Pagej 2

,CreatedjBy:jTestjBanks

B) hardwarejandjsoftware.
C) reportedjinformation.
D) processedjdata.j
Answer:j A
Diff:j1
LearningjObjective:j1.1jExplainjhowjaccountingjaffectsjbothjthejdemandjforjandjsupplyjofjinformation
.
SectionjReference:jWhyjisjAccountingjInformationjImportant?jAACSB:jAnalyticjBloom's:j
Knowledge
AICPA:j AC:jSystemsjandjProcessjManagement
7) Whichjofjthejfollowingjisjajdefinitionjofjoutputjfromjanjinformationjsystem?
A) Outputjisjrawjandjunorganizedjdata.
B) Outputjisjinformationjproducedjbyjprocessingjdata.
C) Outputjisjdatabasejfactsjandjfigures.
D) Outputjisjinformationjcollectedjfromjusers.jAnswer:jB


Diff:j1
LearningjObjective:j1.1jExplainjhowjaccountingjaffectsjbothjthejdemandjforjandjsupplyjofjinformation
.
SectionjReference:jWhyjisjAccountingjInformationjImportant?jAACSB:jAnalyticjBloom's:j
Comprehension
AICPA:j AC:jSystemsjandjProcessjManagement


8) WhichjstatementjconcerningjdatajisjTRUE?
A) Datajisjuselessjtojajbusinessjuntiljtransformedjintojinformation.
B) Datajisjthejoutputjfromjanjinformationjsystem.
C) Datajisjorganizedjintojunderstandablejformats.
D) Datajisjprocessedjbeforejbeingjinputjintojthejinformationjsystem.jAnswer:jAjDi
ff:j1
LearningjObjective:j1.1jExplainjhowjaccountingjaffectsjbothjthejdemandjforjandjsupplyjofjinformation
.


Testj Bank Pagej 3

, CreatedjBy:jTestjBanks

SectionjReference:jWhyjisjAccountingjInformationjImportant?jAACSB:jAnalyticjBloom's:j
Comprehension
AICPA:j AC:jSystemsjandjProcessjManagement


9) WhichjofjthejfollowingjactivitiesjwouldjNOTjresultjinjajtransactionjinjanjaccountingjinf
ormationjsystem?
A) Selljgoodsjtojajcustomerjonjaccount
B) Purchasejsuppliesjonjcredit
C) Prepayjforjsixjmonthsjofjinsurance
D) ReceivejajcustomerjorderjAnswer:jDj
Diff:j2
LearningjObjective:j1.1jExplainjhowjaccountingjaffectsjbothjthejdemandjforjandjsupplyjofjinformation
.
SectionjReference:jWhyjisjAccountingjInformationjImportant?jAACSB:jAnalyticjBloom's:j
Application
AICPA:j AC:jSystemsjandjProcessjManagement


10) Whichjofjthejfollowingjactivitiesjresultsjinjajtransactionjanjaccountingjinformationjsys
tem?
A) Selljgoodsjtojajcustomer
B) Submitjanjorderjtojajvendor
C) Createjestimatesjforjajcustomer
D) ReceivejajcustomerjorderjAnswer:jAj
Diff:j2
LearningjObjective:j1.1jExplainjhowjaccountingjaffectsjbothjthejdemandjforjandjsupplyjofjinformation
.
SectionjReference:jWhyjisjAccountingjInformationjImportant?jAACSB:jAnalyticjBloom's:j
Application
AICPA:j AC:jSystemsjandjProcessjManagement


11) Ajbusinessjmodeljis


Testj Bank Pagej 4

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