Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition (Savage, 2023) - Test Bank
TEST BANK
Accounting Information Systems
Connecting Careers, Systems, and Analytics
Arline A. Savage, Danielle Brannock, Alicja Arnold
1sh Edition
, Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition (Savage, 2023) - Test Bank
Table of contents
Part I: Foundations of AIS
CHAPTER 1: Accounting as Information
CHAPTER 2: Risks and Risk Assessments
CHAPTER 3: Risk Management and Internal Controls
CHAPTER 4: Software and Systems
CHAPTER 5: Data Storage and Analysis
CHAPTER 6: Designing Systems and Databases
CHAPTER 7: Emerging and Disruptive Technologies
CHAPTER 8: Documenting Systems and Processes
Part II: Business Processes
CHAPTER 9: Human Resources and Payroll Processes
CHAPTER 10: Purchasing and Payments Processes
CHAPTER 11: Conversion Processes
CHAPTER 12: Marketing, Sales, and Collections Processes
CHAPTER 13: Financial Reporting Processes
Part III: Risk Assurance
CHAPTER 14: Information Systems and Controls
CHAPTER 15: Fraud
CHAPTER 16: Cybersecurity
Part IV: Technology and Analytics
CHAPTER 17: Data Analytics
CHAPTER 18: Data Visualization
CHAPTER 19: Audit Assurance
,Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition (Savage, 2023) - Test Bank
Accounting Information Systems, 1e (Savage)
Chapter 01: Accounting as Information
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
, Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition (Savage, 2023) - Test Bank
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
TEST BANK
Accounting Information Systems
Connecting Careers, Systems, and Analytics
Arline A. Savage, Danielle Brannock, Alicja Arnold
1sh Edition
, Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition (Savage, 2023) - Test Bank
Table of contents
Part I: Foundations of AIS
CHAPTER 1: Accounting as Information
CHAPTER 2: Risks and Risk Assessments
CHAPTER 3: Risk Management and Internal Controls
CHAPTER 4: Software and Systems
CHAPTER 5: Data Storage and Analysis
CHAPTER 6: Designing Systems and Databases
CHAPTER 7: Emerging and Disruptive Technologies
CHAPTER 8: Documenting Systems and Processes
Part II: Business Processes
CHAPTER 9: Human Resources and Payroll Processes
CHAPTER 10: Purchasing and Payments Processes
CHAPTER 11: Conversion Processes
CHAPTER 12: Marketing, Sales, and Collections Processes
CHAPTER 13: Financial Reporting Processes
Part III: Risk Assurance
CHAPTER 14: Information Systems and Controls
CHAPTER 15: Fraud
CHAPTER 16: Cybersecurity
Part IV: Technology and Analytics
CHAPTER 17: Data Analytics
CHAPTER 18: Data Visualization
CHAPTER 19: Audit Assurance
,Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition (Savage, 2023) - Test Bank
Accounting Information Systems, 1e (Savage)
Chapter 01: Accounting as Information
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
, Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition (Savage, 2023) - Test Bank
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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