Solutions
Manual
, Savage Accounting Information Systems, 1e Chapter 1
CHAPTER 1 Accounting as Information
Learning Objectives
1. Explain how accounting affects both the demand for and supply of information.
2. Compare traditional transaction-based accounting systems to process-based information systems.
3. Explain management’s relationship to information and information systems.
4. Describe the relationship between accounting and data analytics.
ANSWERS TO MULTIPLE CHOICE QUESTIONS
1. C 12. C
LO 1, Blooms: Ḱnowledge, Difficulty: Easy, TOT: 1 min., AACSB: Technology, LO 3, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB:
AICPA AC: Systems and Process Management, Section: 1.1 Technology, AICPA AC: Systems and Process Management, Section: 1.3
2. D 13. C
LO 1, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB: LO 3, Blooms: Ḱnowledge, Difficulty: Easy, TOT: 1 min., AACSB:
Technology, AICPA AC: Systems and Process Management, Section: 1.1 Communication, AICPA AC: Reporting, Section: 1.3
3. A 14. A
LO 1, Blooms: Ḱnowledge, Difficulty: Easy, TOT: 1 min., AACSB: Technology, LO 3, Blooms: Ḱnowledge, Difficulty: Easy, TOT: 1 min., AACSB:
AICPA AC: Systems and Process Management, Section: 1.1 Communication, AICPA AC: Reporting, Section: 1.3
4. D 15. A
LO 1, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB: Ethics, LO 3, Blooms: Ḱnowledge, Difficulty: Easy, TOT: 1 min., AACSB:
AICPA AC: Systems and Process Management, Section: 1.1 Communication, AICPA AC: Reporting, Section: 1.3
5. A 16. B
LO 2, Blooms: Ḱnowledge, Difficulty: Easy, TOT: 1 min., AACSB: Ethics, AICPA LO 3, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB:
AC: Systems and Process Management, Section: 1.2 Technology, AICPA AC: Systems and Process Management, Section: 1.3
6. B 17. D
LO 2, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB: Ethics, LO 3, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB: Analytic,
AICPA AC: Systems and Process Management, Section: 1.2 AICPA AC: Reporting, Section: 1.3
7. C 18. B
LO 2, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB: Ethics, LO 4, Blooms: Ḱnowledge, Difficulty: Easy, TOT: 1 min., AACSB: Technology,
AICPA AC: Systems and Process Management, Section: 1.2 AICPA AC: Systems and Process Management, Section: 1.4
8. C 19. C
LO 2, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB: Ethics, LO 4, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB:
AICPA AC: Reporting, Section: 1.2 Technology, AICPA AC: Systems and Process Management, Section: 1.4
9. B 20. C
LO 2, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB: Ethics, LO 4, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB:
AICPA AC: Reporting, Section: 1.2 Technology, AICPA AC: Systems and Process Management, Section: 1.4
10. A 21. D
LO 2, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB: LO 4, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB:
Technology, AICPA AC: Systems and Process Management, Section: 1.2 Technology, AICPA AC: Systems and Process Management, Section: 1.4
11. B
LO 3, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB:
Technology, AICPA AC: Reporting, Section: 1.3
1 Solutions Manual Chapter 1 – Accounting as Information 1-1
Copyright © 2022 John Wiley & Sons, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited
, Savage Accounting Information Systems, 1e Chapter 1
ANSWERS TO DISCUSSION AND RESEARCH QUESTIONS
DQ1. Student answers will vary. For example:
(1):
(2):
2 Solutions Manual Chapter 1 – Accounting as Information 1-2
Copyright © 2022 John Wiley & Sons, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited
, Savage Accounting Information Systems, 1e Chapter 1
LO 1, Blooms: Comprehension, Difficulty: Easy, TOT: 10 min., AACSB: Communication, AICPA AC: Reporting, Section: 1.1
3 Solutions Manual Chapter 1 – Accounting as Information 1-3
Copyright © 2022 John Wiley & Sons, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited
Manual
, Savage Accounting Information Systems, 1e Chapter 1
CHAPTER 1 Accounting as Information
Learning Objectives
1. Explain how accounting affects both the demand for and supply of information.
2. Compare traditional transaction-based accounting systems to process-based information systems.
3. Explain management’s relationship to information and information systems.
4. Describe the relationship between accounting and data analytics.
ANSWERS TO MULTIPLE CHOICE QUESTIONS
1. C 12. C
LO 1, Blooms: Ḱnowledge, Difficulty: Easy, TOT: 1 min., AACSB: Technology, LO 3, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB:
AICPA AC: Systems and Process Management, Section: 1.1 Technology, AICPA AC: Systems and Process Management, Section: 1.3
2. D 13. C
LO 1, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB: LO 3, Blooms: Ḱnowledge, Difficulty: Easy, TOT: 1 min., AACSB:
Technology, AICPA AC: Systems and Process Management, Section: 1.1 Communication, AICPA AC: Reporting, Section: 1.3
3. A 14. A
LO 1, Blooms: Ḱnowledge, Difficulty: Easy, TOT: 1 min., AACSB: Technology, LO 3, Blooms: Ḱnowledge, Difficulty: Easy, TOT: 1 min., AACSB:
AICPA AC: Systems and Process Management, Section: 1.1 Communication, AICPA AC: Reporting, Section: 1.3
4. D 15. A
LO 1, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB: Ethics, LO 3, Blooms: Ḱnowledge, Difficulty: Easy, TOT: 1 min., AACSB:
AICPA AC: Systems and Process Management, Section: 1.1 Communication, AICPA AC: Reporting, Section: 1.3
5. A 16. B
LO 2, Blooms: Ḱnowledge, Difficulty: Easy, TOT: 1 min., AACSB: Ethics, AICPA LO 3, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB:
AC: Systems and Process Management, Section: 1.2 Technology, AICPA AC: Systems and Process Management, Section: 1.3
6. B 17. D
LO 2, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB: Ethics, LO 3, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB: Analytic,
AICPA AC: Systems and Process Management, Section: 1.2 AICPA AC: Reporting, Section: 1.3
7. C 18. B
LO 2, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB: Ethics, LO 4, Blooms: Ḱnowledge, Difficulty: Easy, TOT: 1 min., AACSB: Technology,
AICPA AC: Systems and Process Management, Section: 1.2 AICPA AC: Systems and Process Management, Section: 1.4
8. C 19. C
LO 2, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB: Ethics, LO 4, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB:
AICPA AC: Reporting, Section: 1.2 Technology, AICPA AC: Systems and Process Management, Section: 1.4
9. B 20. C
LO 2, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB: Ethics, LO 4, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB:
AICPA AC: Reporting, Section: 1.2 Technology, AICPA AC: Systems and Process Management, Section: 1.4
10. A 21. D
LO 2, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB: LO 4, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB:
Technology, AICPA AC: Systems and Process Management, Section: 1.2 Technology, AICPA AC: Systems and Process Management, Section: 1.4
11. B
LO 3, Blooms: Comprehension, Difficulty: Easy, TOT: 1 min., AACSB:
Technology, AICPA AC: Reporting, Section: 1.3
1 Solutions Manual Chapter 1 – Accounting as Information 1-1
Copyright © 2022 John Wiley & Sons, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited
, Savage Accounting Information Systems, 1e Chapter 1
ANSWERS TO DISCUSSION AND RESEARCH QUESTIONS
DQ1. Student answers will vary. For example:
(1):
(2):
2 Solutions Manual Chapter 1 – Accounting as Information 1-2
Copyright © 2022 John Wiley & Sons, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited
, Savage Accounting Information Systems, 1e Chapter 1
LO 1, Blooms: Comprehension, Difficulty: Easy, TOT: 10 min., AACSB: Communication, AICPA AC: Reporting, Section: 1.1
3 Solutions Manual Chapter 1 – Accounting as Information 1-3
Copyright © 2022 John Wiley & Sons, Ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited
