lOMoAR cPSD| 21361722
lOMoAR cPSD| 21361722
Test
ormation
BankAccounting
System
With Answers
(AIS)
Information
Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~~~~~~~~~~~~
System
With Answers
(AIS) Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~
With Answers ALL CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((
AIS TEST BANK - ALL CHAPTERS TEST BANK WITH
QUESTIONS AND CORRECT ANSWERS 100% PASS (2023-2024)
Chapter 1—The Information System: An Accountant’s Perspective
TRUE/FALSE
1. Information is a business resource.
ANS: T
2. An information system is an example of a natural system.
ANS: F
3. Transaction processing systems convert non-financial transactions into financial transactions.
ANS: F
4. Information lacking reliability may still have value.
ANS: F
5. A balance sheet prepared in conformity with GAAP is an example of discretionary reporting.
ANS: F
6. The Management Reporting System provides the internal financial information needed to manage a
business.
ANS: T
7. Most of the inputs to the General Ledger System come from the Financial Reporting System.
ANS: F
8. When preparing discretionary reports, organizations can choose what information to report and how to
present it.
ANS: T
9. Retrieval is the task of permanently removing obsolete or redundant records from the database.
ANS: F
10. Systems development represents 80 to 90 percent of the total cost of a computer system.
ANS: F
11. The database administrator is responsible for the security and integrity of the database.
ANS: T
Test
ormation
BankAccounting
System
With Answers
(AIS)
Information
Test
ALLBank
12. CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~~~~~~~~~~~~
A System
With Answers
(AIS)system
backbone Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~
With Answers finished,
is completely ALL CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((
tested, and ready for implementation.
, lOMoAR cPSD| 21361722
Test
ormation
BankAccounting
System
With Answers
(AIS)
Information
Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~~~~~~~~~~~~
System
With Answers
(AIS) Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~
With Answers ALL CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((
ANS: F
13. The internal auditor represents the interests of third-party outsiders.
ANS: F
14. Information Technology (IT) audits can be performed by both internal and external auditors.
ANS: T
15. The single largest user of computer services is the personnel function.
ANS: F
16. Increased control is one of the key advantages of distributed data processing.
ANS: F
17. The flat-file approach is most often associated with so-called legacy systems.
ANS: T
18. In a flat-file system, files are easily shared by users.
ANS: F
19. Legacy systems were eliminated in the effort to make systems Y2K compliant.
ANS: F
20. One of the greatest disadvantages of database systems is that all data is always available to all users.
ANS: F
21. Under SOX legislation auditors are no longer allowed to provide consulting services to audit clients.
ANS: T
22. Under SOX legislation auditors are no loger allowed to provide consulting services to their clients.
ANS: F
They cannot provide such services to audit clients but may still provide them to non-audit clients
MULTIPLE CHOICE
1. Which of the following is not a business resource?
a. raw material
b. labor
c. information
d. all are business resources
ANS: D
Test
ormation
BankAccounting
System
With Answers
(AIS)
Information
Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~~~~~~~~~~~~
System
With Answers
(AIS) Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~
With Answers ALL CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((
, lOMoAR cPSD| 21361722
Test
ormation
BankAccounting
System
With Answers
(AIS)
Information
Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~~~~~~~~~~~~
System
With Answers
(AIS) Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~
With Answers ALL CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((
2. Which level of management is responsible for short-term planning and coordination of activities
necessary to accomplish organizational objectives?
a. operations management
b. middle management
c. top management
d. line management
ANS: B
3. Which level of management is responsible for controlling day-to-day operations?
a. top management
b. middle management
c. operations management
d. executive management
ANS: C
4. The ability to achieve the goals of a system depends upon the effective functioning and harmonious
interaction between its subsystems. This is called
a. system decomposition
b. system redundancy
c. backup system
d. subsystem interdependency
ANS: D
5. The value of information for users is determined by all of the following but
a. reliability
b. relevance
c. convenience
d. completeness
ANS: C
6. An example of a nonfinancial transaction is
a. sale of products
b. cash disbursement
c. log of customer calls
d. purchase of inventory
ANS: C
7. An example of a financial transaction is
a. the purchase of computer
b. a supplier‟s price list
c. a delivery schedule
d. an employee benefit brochure
ANS: A
8. Which subsystem is not part of the Accounting Information System?
a. Transaction Processing System
b. Expert System
c. General Ledger/Financial Reporting System
d. Management Reporting System
Test
ormation
BankAccounting
System
With Answers
(AIS)
Information
Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~~~~~~~~~~~~
System
With Answers
(AIS) Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~
With Answers ALL CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((
, lOMoAR cPSD| 21361722
Test
ormation
BankAccounting
System
With Answers
(AIS)
Information
Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~~~~~~~~~~~~
System
With Answers
(AIS) Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~
With Answers ALL CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((
ANS: B
9. The major difference between the Financial Reporting System (FRS) and the Management Reporting
System (MRS) is the
a. FRS provides information to internal and external users; the MRS provides information to
internal users
b. FRS provides discretionary information; the MRS provides nondiscretionary information
c. FRS reports are prepared using information provided by the General Ledger System; the
MRS provides information to the General Ledger System
d. FRS reports are prepared in flexible, nonstandardized formats; the MRS reports are
prepared in standardized, formal formats
ANS: A
10. The purpose of the Transaction Processing System includes all of the following except
a. converting economic events into financial transactions
b. recording financial transactions in the accounting records
c. distributing essential information to operations personnel to support their daily operations
d. measuring and reporting the status of financial resources and the changes in those
resources
ANS: D
11. The Transaction Processing System includes all of the following cycles except
a. the revenue cycle
b. the administrative cycle
c. the expenditure cycle
d. the conversion cycle
ANS: B
12. The primary input to the Transaction Processing System is
a. a financial transaction
b. an accounting record
c. an accounting report
d. a nonfinancial transaction
ANS: A
13. When designing the data collection activity, which type of data should be avoided?
a. data that is relevant
b. data that is efficient
c. data that is redundant
d. data that is accurate
ANS: C
14. The most basic element of useful data in the database is
a. the record
b. the key
c. the file
d. the attribute
ANS: D
15. In a database, a complete set of attributes for a single occurrence of an entity class is called
Test
ormation
BankAccounting
System
With Answers
(AIS)
Information
Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~~~~~~~~~~~~
System
With Answers
(AIS) Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~
With Answers ALL CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((
lOMoAR cPSD| 21361722
Test
ormation
BankAccounting
System
With Answers
(AIS)
Information
Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~~~~~~~~~~~~
System
With Answers
(AIS) Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~
With Answers ALL CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((
AIS TEST BANK - ALL CHAPTERS TEST BANK WITH
QUESTIONS AND CORRECT ANSWERS 100% PASS (2023-2024)
Chapter 1—The Information System: An Accountant’s Perspective
TRUE/FALSE
1. Information is a business resource.
ANS: T
2. An information system is an example of a natural system.
ANS: F
3. Transaction processing systems convert non-financial transactions into financial transactions.
ANS: F
4. Information lacking reliability may still have value.
ANS: F
5. A balance sheet prepared in conformity with GAAP is an example of discretionary reporting.
ANS: F
6. The Management Reporting System provides the internal financial information needed to manage a
business.
ANS: T
7. Most of the inputs to the General Ledger System come from the Financial Reporting System.
ANS: F
8. When preparing discretionary reports, organizations can choose what information to report and how to
present it.
ANS: T
9. Retrieval is the task of permanently removing obsolete or redundant records from the database.
ANS: F
10. Systems development represents 80 to 90 percent of the total cost of a computer system.
ANS: F
11. The database administrator is responsible for the security and integrity of the database.
ANS: T
Test
ormation
BankAccounting
System
With Answers
(AIS)
Information
Test
ALLBank
12. CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~~~~~~~~~~~~
A System
With Answers
(AIS)system
backbone Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~
With Answers finished,
is completely ALL CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((
tested, and ready for implementation.
, lOMoAR cPSD| 21361722
Test
ormation
BankAccounting
System
With Answers
(AIS)
Information
Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~~~~~~~~~~~~
System
With Answers
(AIS) Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~
With Answers ALL CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((
ANS: F
13. The internal auditor represents the interests of third-party outsiders.
ANS: F
14. Information Technology (IT) audits can be performed by both internal and external auditors.
ANS: T
15. The single largest user of computer services is the personnel function.
ANS: F
16. Increased control is one of the key advantages of distributed data processing.
ANS: F
17. The flat-file approach is most often associated with so-called legacy systems.
ANS: T
18. In a flat-file system, files are easily shared by users.
ANS: F
19. Legacy systems were eliminated in the effort to make systems Y2K compliant.
ANS: F
20. One of the greatest disadvantages of database systems is that all data is always available to all users.
ANS: F
21. Under SOX legislation auditors are no longer allowed to provide consulting services to audit clients.
ANS: T
22. Under SOX legislation auditors are no loger allowed to provide consulting services to their clients.
ANS: F
They cannot provide such services to audit clients but may still provide them to non-audit clients
MULTIPLE CHOICE
1. Which of the following is not a business resource?
a. raw material
b. labor
c. information
d. all are business resources
ANS: D
Test
ormation
BankAccounting
System
With Answers
(AIS)
Information
Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~~~~~~~~~~~~
System
With Answers
(AIS) Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~
With Answers ALL CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((
, lOMoAR cPSD| 21361722
Test
ormation
BankAccounting
System
With Answers
(AIS)
Information
Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~~~~~~~~~~~~
System
With Answers
(AIS) Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~
With Answers ALL CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((
2. Which level of management is responsible for short-term planning and coordination of activities
necessary to accomplish organizational objectives?
a. operations management
b. middle management
c. top management
d. line management
ANS: B
3. Which level of management is responsible for controlling day-to-day operations?
a. top management
b. middle management
c. operations management
d. executive management
ANS: C
4. The ability to achieve the goals of a system depends upon the effective functioning and harmonious
interaction between its subsystems. This is called
a. system decomposition
b. system redundancy
c. backup system
d. subsystem interdependency
ANS: D
5. The value of information for users is determined by all of the following but
a. reliability
b. relevance
c. convenience
d. completeness
ANS: C
6. An example of a nonfinancial transaction is
a. sale of products
b. cash disbursement
c. log of customer calls
d. purchase of inventory
ANS: C
7. An example of a financial transaction is
a. the purchase of computer
b. a supplier‟s price list
c. a delivery schedule
d. an employee benefit brochure
ANS: A
8. Which subsystem is not part of the Accounting Information System?
a. Transaction Processing System
b. Expert System
c. General Ledger/Financial Reporting System
d. Management Reporting System
Test
ormation
BankAccounting
System
With Answers
(AIS)
Information
Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~~~~~~~~~~~~
System
With Answers
(AIS) Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~
With Answers ALL CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((
, lOMoAR cPSD| 21361722
Test
ormation
BankAccounting
System
With Answers
(AIS)
Information
Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~~~~~~~~~~~~
System
With Answers
(AIS) Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~
With Answers ALL CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((
ANS: B
9. The major difference between the Financial Reporting System (FRS) and the Management Reporting
System (MRS) is the
a. FRS provides information to internal and external users; the MRS provides information to
internal users
b. FRS provides discretionary information; the MRS provides nondiscretionary information
c. FRS reports are prepared using information provided by the General Ledger System; the
MRS provides information to the General Ledger System
d. FRS reports are prepared in flexible, nonstandardized formats; the MRS reports are
prepared in standardized, formal formats
ANS: A
10. The purpose of the Transaction Processing System includes all of the following except
a. converting economic events into financial transactions
b. recording financial transactions in the accounting records
c. distributing essential information to operations personnel to support their daily operations
d. measuring and reporting the status of financial resources and the changes in those
resources
ANS: D
11. The Transaction Processing System includes all of the following cycles except
a. the revenue cycle
b. the administrative cycle
c. the expenditure cycle
d. the conversion cycle
ANS: B
12. The primary input to the Transaction Processing System is
a. a financial transaction
b. an accounting record
c. an accounting report
d. a nonfinancial transaction
ANS: A
13. When designing the data collection activity, which type of data should be avoided?
a. data that is relevant
b. data that is efficient
c. data that is redundant
d. data that is accurate
ANS: C
14. The most basic element of useful data in the database is
a. the record
b. the key
c. the file
d. the attribute
ANS: D
15. In a database, a complete set of attributes for a single occurrence of an entity class is called
Test
ormation
BankAccounting
System
With Answers
(AIS)
Information
Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~~~~~~~~~~~~
System
With Answers
(AIS) Test
ALLBank
CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((*~~~~~~~~~~~~~~~~~
With Answers ALL CHAPTERS.pdf~~~~~~~~~~~~~~~~~~~~~~~~!!!!!!!_(*))))))))))))))))))*@&^#(&^~&*@&*&!~&*@((
