TEST BANK FOR ACCOUNTING INFORMATION SYSTEMS 2ND EDITION VERNON RICHARDSON, CHENGYEE CHANG, ROD SMITH

1. Accountants now face a challenge of helping businesses optimize processes. Answer: True AICPA: Analytic AICPA BB: Leveraging Technology AICPA FN: Leveraging Technology Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-01 Describe the roles of the accounting/finance function in business and why those roles require knowledge of technology and business processes Source: Original Topic: Changing Roles of Accountants in Business 2. To be valuable business partners, accountants must understand how the business delivers value to its employees. Answer: False AICPA: Analytic AICPA BB: Leveraging Technology AICPA FN: Leveraging Technology Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-01 Describe the roles of the accounting/finance function in business and why those roles require knowledge of technology and business processes Source: Original Topic: Changing Roles of Accountants in Business 3. A business process constrains business rules. Answer: False AICPA: Analytic AICPA BB: Leveraging Technology AICPA FN: Leveraging Technology Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-03 Recognize the value of business models Source: Original Topic: Value of Business Models 4. A business model is typically a graphical depiction of the essential business process information. Answer: True AICPA: Analytic AICPA BB: Leveraging Technology AICPA FN: Leveraging Technology Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-03 Recognize the value of business models Source: Original Topic: Value of Business Models 5. Documentation can be thought of as a tool for information transmission and communication. Answer: True AICPA: Analytic AICPA BB: Leveraging Technology AICPA FN: Leveraging Technology Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-02 Understand the importance of business process documentation Source: Original Topic: Business Process Documentation 6. Documentation helps with training but won’t help with regulatory compliance issues. Answer: False AICPA: Analytic AICPA BB: Leveraging Technology AICPA FN: Leveraging Technology Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-02 Understand the importance of business process documentation Source: Original Topic: Business Process Documentation 7. Models should be simpler than the processes and systems they depict