(2026 Accounting Information Systems, 4th Edition – Vernon Richardson – Test Bank with Practice Questions and Verified Answers)
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ser/coursecrack
Accounting Information
Systems, 4th Edition – Vernon
Richardson – Test Bank with
Practice Questions and
Verified Answers
This document contains a comprehensive test bank for Accounting Information Systems, 4th Edition by Vernon Richardson-- It includes multiple-choice questions,
problem-based exercises, and answer keys covering the core concepts of AIS--
The material aligns with the chapters of the textbook and helps students prepare for quizzes, midterms, and final exams-- It is useful for reviewing key topics and
practicing exam-style questions--
1} Accounting and Finance is a primary activity in the value chain--
⊚ true
⊚ false
2} As of today, Accounting Information Systems are all computerized--
⊚ true
⊚ false
3} Business value includes all those items, events and interactions that determine the financial health and well-being of the firm--
⊚ true
⊚ false
4} The Certified Information Technology Professional {CITP} is a professional designation for those with a broad range of technology
knowledge and does not require a CPA--
⊚ true
⊚ false
3/11/2026, 10:58:36 PM 3/11/2026, 10:58:39 PM 3/11/2026, 10:58:34 PM
, (2026 Accounting Information Systems, 4th Edition – Vernon Richardson – Test Bank with Practice Questions and Verified Answers)
https://www.stuvia.com/user/coursecrackhttps://www.stuvia.com/user/coursecrackhttps://www.stuvia.com/u
ser/coursecrack
5} The Certified Information Systems Auditor {CISA} is a professional designation generally sought by those performing IT audits--
⊚ true
⊚ false
6} Information is defined as being data organized in a meaningful way that is useful to the user--
⊚ true
⊚ false
7} Data is defined as being information organized in a meaningful way that is useful to the user--
⊚ true
⊚ false
1
8} An AIS may create value by giving access to management information relevant to the decision makers--
⊚ true
⊚ false
9} An AIS may create value by providing an internal control structure needed to make sure the information is secure, reliable, and free
from error--
⊚ true
⊚ false
10} Relevant information’s most defining characteristic is that it is free from bias and error--
⊚ true
⊚ false
11} The characteristics of relevant information include predictive value, feedback value and timeliness--
⊚ true
⊚ false
12} A faithful representation of the underlying event should reflect the bias of the system analyst--
⊚ true
⊚ false
13} Information overload is defined as the difficulty a person faces in understanding a problem and making a decision as a
consequence of too much information--
⊚ true
3/11/2026, 10:58:36 PM 3/11/2026, 10:58:39 PM 3/11/2026, 10:58:34 PM
, (2026 Accounting Information Systems, 4th Edition – Vernon Richardson – Test Bank with Practice Questions and Verified Answers)
https://www.stuvia.com/user/coursecrackhttps://www.stuvia.com/user/coursecrackhttps://www.stuvia.com/u
ser/coursecrack
⊚ false
14} The main financial benefit of Customer Relationship Management practices reduces the cost of goods sold--
⊚ true
⊚ false
15} An efficient Enterprise System can significantly lower the cost of support processes included in sales, general, and administrative
expenses--
⊚ true
⊚ false
16} An accounting information system {AIS} is defined as being an information system that records, processes and reports on
transactions to provide financial and nonfinancial information for decision making and control--
⊚ true
⊚ false
17} An enterprise system is a centralized database that collects data from throughout the firm-- This includes data from orders,
customers, sales, inventory and employees-- ⊚ true
⊚ false
18} Outbound logistics are the activities associated with receiving and storing raw materials as well as activities that transform these
inputs into finished goods--
⊚ true
⊚ false
19} Service Activities as defined in the value chain are those activities that provide the support of customers after the products and
services are sold to them {e--g-- warranty repairs, parts, instruction manuals, etc--}--
⊚ true
⊚ false
20} A well-designed and well-functioning AIS can be expected to create value by providing relevant information helpful to management
to increase revenues and reduce expenses--
⊚ true
⊚ false
3/11/2026, 10:58:36 PM 3/11/2026, 10:58:39 PM 3/11/2026, 10:58:34 PM
, (2026 Accounting Information Systems, 4th Edition – Vernon Richardson – Test Bank with Practice Questions and Verified Answers)
https://www.stuvia.com/user/coursecrackhttps://www.stuvia.com/user/coursecrackhttps://www.stuvia.com/u
ser/coursecrack
21} Production of a 1040 tax form from the AIS to be delivered to the Internal Revenue Service is an example of discretionary
information--
⊚ true
⊚ false
22} Enterprise Systems do not exist to facilitate decision making--
⊚ true
⊚ false
23} The Sarbanes-Oxley Act of 2002 is a federal law in the United States that set new and enhanced standards for all U--S-- public
companies, their management and public accounting firms--
⊚ true
⊚ false
24} CRM software often includes the use of database marketing tools to learn more about the customers and to develop strong
firm-to-customer relationships--
⊚ true
⊚ false
25} The Certified Information Technology Professional is the position created by the AICPA to recognize CPAs who have the ability to
provide skilled professional services on Information Technology--
⊚ true
⊚ false
26} Accounting Information Systems which are computerized do not need to maintain internal controls--
⊚ true
⊚ false
4
27} Accounting information systems:
A} Are always computerized--
B} Report only accounting information--
C} Include records, processes and reports--
D} Are for computer games--
28} Which of the following is not an attribute of useful information?
A} Bias--
3/11/2026, 10:58:36 PM 3/11/2026, 10:58:39 PM 3/11/2026, 10:58:34 PM
, (2026 Accounting Information Systems, 4th Edition – Vernon Richardson – Test Bank with Practice Questions and Verified Answers)
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ser/coursecrack
B} Feedback value--
C} Predictive value--
D} Verifiability--
29} Which of the following are considered to be mandatory information required by a regulatory body?
A} Financial reports for the Securities and Exchange Commission--
B} The amount of taxes saved by a merger--
C} The total dollar value of fireworks that are sold on July 4--
D} The cost to build an all-new Starbucks restaurant in Abu Dhabi--
30} The correct order of effects in the value chain are:
A} Inbound Logistics → Operations → Service--
B} Inbound Logistics → Outbound Logistics → Marketing & Sales--
C} Inbound Logistics → Operations → Outbound Logistics--
D} Inbound Logistics → Operations → Shipping--
31} Which designation would be most appropriate for those professionals possessing IT audit, control and security skills?
A} Certified Internal Auditor {CIA}--
B} Certified Public Accountant {CPA}--
C} Certified Information Technology Professional {CITP}--
D} Certified Information Systems Auditors {CISA}--
5
32} Which designation is for CPAs with a broad range of technology knowledge and experience? A} Certified Internal Auditor {CIA}--
B} Certified Public Accountant {CPA}--
C} Certified Information Technology Professional {CITP}--
D} Certified Information Systems Auditors {CISA}--
33} A supply chain:
A} Refers to the supplies needed to build products--
B} Refers to the flow of materials, information, payments and services--
C} Refers to how costs are tracking in an AIS--
D} Does not apply to a service firm like an accounting firm--
3/11/2026, 10:58:36 PM 3/11/2026, 10:58:39 PM 3/11/2026, 10:58:34 PM
https://www.stuvia.com/user/coursecrackhttps://www.stuvia.com/user/coursecrackhttps://www.stuvia.com/u
ser/coursecrack
Accounting Information
Systems, 4th Edition – Vernon
Richardson – Test Bank with
Practice Questions and
Verified Answers
This document contains a comprehensive test bank for Accounting Information Systems, 4th Edition by Vernon Richardson-- It includes multiple-choice questions,
problem-based exercises, and answer keys covering the core concepts of AIS--
The material aligns with the chapters of the textbook and helps students prepare for quizzes, midterms, and final exams-- It is useful for reviewing key topics and
practicing exam-style questions--
1} Accounting and Finance is a primary activity in the value chain--
⊚ true
⊚ false
2} As of today, Accounting Information Systems are all computerized--
⊚ true
⊚ false
3} Business value includes all those items, events and interactions that determine the financial health and well-being of the firm--
⊚ true
⊚ false
4} The Certified Information Technology Professional {CITP} is a professional designation for those with a broad range of technology
knowledge and does not require a CPA--
⊚ true
⊚ false
3/11/2026, 10:58:36 PM 3/11/2026, 10:58:39 PM 3/11/2026, 10:58:34 PM
, (2026 Accounting Information Systems, 4th Edition – Vernon Richardson – Test Bank with Practice Questions and Verified Answers)
https://www.stuvia.com/user/coursecrackhttps://www.stuvia.com/user/coursecrackhttps://www.stuvia.com/u
ser/coursecrack
5} The Certified Information Systems Auditor {CISA} is a professional designation generally sought by those performing IT audits--
⊚ true
⊚ false
6} Information is defined as being data organized in a meaningful way that is useful to the user--
⊚ true
⊚ false
7} Data is defined as being information organized in a meaningful way that is useful to the user--
⊚ true
⊚ false
1
8} An AIS may create value by giving access to management information relevant to the decision makers--
⊚ true
⊚ false
9} An AIS may create value by providing an internal control structure needed to make sure the information is secure, reliable, and free
from error--
⊚ true
⊚ false
10} Relevant information’s most defining characteristic is that it is free from bias and error--
⊚ true
⊚ false
11} The characteristics of relevant information include predictive value, feedback value and timeliness--
⊚ true
⊚ false
12} A faithful representation of the underlying event should reflect the bias of the system analyst--
⊚ true
⊚ false
13} Information overload is defined as the difficulty a person faces in understanding a problem and making a decision as a
consequence of too much information--
⊚ true
3/11/2026, 10:58:36 PM 3/11/2026, 10:58:39 PM 3/11/2026, 10:58:34 PM
, (2026 Accounting Information Systems, 4th Edition – Vernon Richardson – Test Bank with Practice Questions and Verified Answers)
https://www.stuvia.com/user/coursecrackhttps://www.stuvia.com/user/coursecrackhttps://www.stuvia.com/u
ser/coursecrack
⊚ false
14} The main financial benefit of Customer Relationship Management practices reduces the cost of goods sold--
⊚ true
⊚ false
15} An efficient Enterprise System can significantly lower the cost of support processes included in sales, general, and administrative
expenses--
⊚ true
⊚ false
16} An accounting information system {AIS} is defined as being an information system that records, processes and reports on
transactions to provide financial and nonfinancial information for decision making and control--
⊚ true
⊚ false
17} An enterprise system is a centralized database that collects data from throughout the firm-- This includes data from orders,
customers, sales, inventory and employees-- ⊚ true
⊚ false
18} Outbound logistics are the activities associated with receiving and storing raw materials as well as activities that transform these
inputs into finished goods--
⊚ true
⊚ false
19} Service Activities as defined in the value chain are those activities that provide the support of customers after the products and
services are sold to them {e--g-- warranty repairs, parts, instruction manuals, etc--}--
⊚ true
⊚ false
20} A well-designed and well-functioning AIS can be expected to create value by providing relevant information helpful to management
to increase revenues and reduce expenses--
⊚ true
⊚ false
3/11/2026, 10:58:36 PM 3/11/2026, 10:58:39 PM 3/11/2026, 10:58:34 PM
, (2026 Accounting Information Systems, 4th Edition – Vernon Richardson – Test Bank with Practice Questions and Verified Answers)
https://www.stuvia.com/user/coursecrackhttps://www.stuvia.com/user/coursecrackhttps://www.stuvia.com/u
ser/coursecrack
21} Production of a 1040 tax form from the AIS to be delivered to the Internal Revenue Service is an example of discretionary
information--
⊚ true
⊚ false
22} Enterprise Systems do not exist to facilitate decision making--
⊚ true
⊚ false
23} The Sarbanes-Oxley Act of 2002 is a federal law in the United States that set new and enhanced standards for all U--S-- public
companies, their management and public accounting firms--
⊚ true
⊚ false
24} CRM software often includes the use of database marketing tools to learn more about the customers and to develop strong
firm-to-customer relationships--
⊚ true
⊚ false
25} The Certified Information Technology Professional is the position created by the AICPA to recognize CPAs who have the ability to
provide skilled professional services on Information Technology--
⊚ true
⊚ false
26} Accounting Information Systems which are computerized do not need to maintain internal controls--
⊚ true
⊚ false
4
27} Accounting information systems:
A} Are always computerized--
B} Report only accounting information--
C} Include records, processes and reports--
D} Are for computer games--
28} Which of the following is not an attribute of useful information?
A} Bias--
3/11/2026, 10:58:36 PM 3/11/2026, 10:58:39 PM 3/11/2026, 10:58:34 PM
, (2026 Accounting Information Systems, 4th Edition – Vernon Richardson – Test Bank with Practice Questions and Verified Answers)
https://www.stuvia.com/user/coursecrackhttps://www.stuvia.com/user/coursecrackhttps://www.stuvia.com/u
ser/coursecrack
B} Feedback value--
C} Predictive value--
D} Verifiability--
29} Which of the following are considered to be mandatory information required by a regulatory body?
A} Financial reports for the Securities and Exchange Commission--
B} The amount of taxes saved by a merger--
C} The total dollar value of fireworks that are sold on July 4--
D} The cost to build an all-new Starbucks restaurant in Abu Dhabi--
30} The correct order of effects in the value chain are:
A} Inbound Logistics → Operations → Service--
B} Inbound Logistics → Outbound Logistics → Marketing & Sales--
C} Inbound Logistics → Operations → Outbound Logistics--
D} Inbound Logistics → Operations → Shipping--
31} Which designation would be most appropriate for those professionals possessing IT audit, control and security skills?
A} Certified Internal Auditor {CIA}--
B} Certified Public Accountant {CPA}--
C} Certified Information Technology Professional {CITP}--
D} Certified Information Systems Auditors {CISA}--
5
32} Which designation is for CPAs with a broad range of technology knowledge and experience? A} Certified Internal Auditor {CIA}--
B} Certified Public Accountant {CPA}--
C} Certified Information Technology Professional {CITP}--
D} Certified Information Systems Auditors {CISA}--
33} A supply chain:
A} Refers to the supplies needed to build products--
B} Refers to the flow of materials, information, payments and services--
C} Refers to how costs are tracking in an AIS--
D} Does not apply to a service firm like an accounting firm--
3/11/2026, 10:58:36 PM 3/11/2026, 10:58:39 PM 3/11/2026, 10:58:34 PM
