TEST BANK
Accounting Information Systems 1st Edition
Savage Brannock and Foksinska All 19 Chapters Covered
[III!I WileyPLUS Single-term
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ACCOUNTING
INFORMATION
SYSTEMS
CONNECTING CAREERS, SYSTEMS, AND ANALYTICS
SAVAGE I BRANNOCK I FOKSINSKA
WILEY
,TABLE OF CONTENTS
Part I: Foundations of AIS
1. Accounting as Information
2. Risks and Risk Assessments
3. Risk Management and Internal Control
4. Software and Systems
5. Data Storage and Analysis
6. Designing Systems and Databases
7. Emerging and Disruptive Technologies
8. Documenting Systems and Processes
Part II: Business Processes
9. Human Resources and Payroll Processes
10. Purchasing and Payment Processes
11. Conversion Processes
12. Marketing, Sales, and Collection Processes
13. Financial Reporting Processes
Part Ill: Risk Assurance
14. Information Systems and Control
15. Fraud
16. Cybersecurity
Part IV: Technology and Analytics
17. Data Analytics
18. Data Visualization
Online Chapter
19. Audit Assurance
2
, Accounting Information Systems 1st Edition Savage Test Bank
Instant Access
Accounting Information Systems, 1e (Savage)
Chapter 1 Accounting as Information All Chapters
1) Accounting communicates to stakeholders
A) minimally required public financial data.
B) the financial outcomes of operating, investing, and financing activities.
C) the sales strategy for the operating, marketing, and sales activities.
D) black and white details about the economics of operating activities.
Answer: B
Diff: 1
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
information.
Section Reference: Why is Accounting Information Important?
AACSB: Communication
Bloom's: Comprehension
AICPA: AC: Reporting
2) Accounting communicates the financial outcomes of a business's activities for
A) operating.
B) investing.
C) financing.
D) All of these answer choices are correct.
Answer: D
Diff: 1
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
information.
Section Reference: Why is Accounting Information Important?
AACSB: Communication
Bloom's: Comprehension
AICPA: AC: Reporting
3) In what way do management teams use accounting data?
A) Management teams use accounting data to make business decisions.
B) Management teams use accounting data to make and execute plans.
C) Management teams use economic and accounting data together to make decisions.
D) All of these answer choices are correct.
Answer: D
Diff: 1
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
information.
Section Reference: Why is Accounting Information Important?
AACSB: Analytic
Bloom's: Comprehension
AICPA: AC: Risk Assessment, Analysis, and Management
1
, 4) Which statement is TRUE?
A) Accounting consists of rigid black and white rules.
B) Accountants crunch numbers, not make decisions.
C) Accounting helps support a prosperous society.
D) Accountants focus on debits and credits, not business activities.
Answer: C
Diff: 1
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
information.
Section Reference: Why is Accounting Information Important?
AACSB: Analytic
Bloom's: Comprehension
AICPA: N/A
5) Which of the following is NOT a component of an information system?
A) Hardware
B) Software
C) Input
D) Network
Answer: C
Diff: 1
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
information.
Section Reference: Why is Accounting Information Important?
AACSB: Analytic
Bloom's: Knowledge
AICPA: AC: Systems and Process Management
6) Input to an information system consists of
A) raw and unorganized data.
B) hardware and software.
C) reported information.
D) processed data.
Answer: A
Diff: 1
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
information.
Section Reference: Why is Accounting Information Important?
AACSB: Analytic
Bloom's: Knowledge
AICPA: AC: Systems and Process Management
7) Which of the following is a definition of output from an information system?
A) Output is raw and unorganized data.
B) Output is information produced by processing data.
C) Output is database facts and figures.
D) Output is information collected from users.
Answer: B
2
Accounting Information Systems 1st Edition
Savage Brannock and Foksinska All 19 Chapters Covered
[III!I WileyPLUS Single-term
(II it'?
= Le
o
El
ACCOUNTING
INFORMATION
SYSTEMS
CONNECTING CAREERS, SYSTEMS, AND ANALYTICS
SAVAGE I BRANNOCK I FOKSINSKA
WILEY
,TABLE OF CONTENTS
Part I: Foundations of AIS
1. Accounting as Information
2. Risks and Risk Assessments
3. Risk Management and Internal Control
4. Software and Systems
5. Data Storage and Analysis
6. Designing Systems and Databases
7. Emerging and Disruptive Technologies
8. Documenting Systems and Processes
Part II: Business Processes
9. Human Resources and Payroll Processes
10. Purchasing and Payment Processes
11. Conversion Processes
12. Marketing, Sales, and Collection Processes
13. Financial Reporting Processes
Part Ill: Risk Assurance
14. Information Systems and Control
15. Fraud
16. Cybersecurity
Part IV: Technology and Analytics
17. Data Analytics
18. Data Visualization
Online Chapter
19. Audit Assurance
2
, Accounting Information Systems 1st Edition Savage Test Bank
Instant Access
Accounting Information Systems, 1e (Savage)
Chapter 1 Accounting as Information All Chapters
1) Accounting communicates to stakeholders
A) minimally required public financial data.
B) the financial outcomes of operating, investing, and financing activities.
C) the sales strategy for the operating, marketing, and sales activities.
D) black and white details about the economics of operating activities.
Answer: B
Diff: 1
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
information.
Section Reference: Why is Accounting Information Important?
AACSB: Communication
Bloom's: Comprehension
AICPA: AC: Reporting
2) Accounting communicates the financial outcomes of a business's activities for
A) operating.
B) investing.
C) financing.
D) All of these answer choices are correct.
Answer: D
Diff: 1
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
information.
Section Reference: Why is Accounting Information Important?
AACSB: Communication
Bloom's: Comprehension
AICPA: AC: Reporting
3) In what way do management teams use accounting data?
A) Management teams use accounting data to make business decisions.
B) Management teams use accounting data to make and execute plans.
C) Management teams use economic and accounting data together to make decisions.
D) All of these answer choices are correct.
Answer: D
Diff: 1
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
information.
Section Reference: Why is Accounting Information Important?
AACSB: Analytic
Bloom's: Comprehension
AICPA: AC: Risk Assessment, Analysis, and Management
1
, 4) Which statement is TRUE?
A) Accounting consists of rigid black and white rules.
B) Accountants crunch numbers, not make decisions.
C) Accounting helps support a prosperous society.
D) Accountants focus on debits and credits, not business activities.
Answer: C
Diff: 1
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
information.
Section Reference: Why is Accounting Information Important?
AACSB: Analytic
Bloom's: Comprehension
AICPA: N/A
5) Which of the following is NOT a component of an information system?
A) Hardware
B) Software
C) Input
D) Network
Answer: C
Diff: 1
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
information.
Section Reference: Why is Accounting Information Important?
AACSB: Analytic
Bloom's: Knowledge
AICPA: AC: Systems and Process Management
6) Input to an information system consists of
A) raw and unorganized data.
B) hardware and software.
C) reported information.
D) processed data.
Answer: A
Diff: 1
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
information.
Section Reference: Why is Accounting Information Important?
AACSB: Analytic
Bloom's: Knowledge
AICPA: AC: Systems and Process Management
7) Which of the following is a definition of output from an information system?
A) Output is raw and unorganized data.
B) Output is information produced by processing data.
C) Output is database facts and figures.
D) Output is information collected from users.
Answer: B
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