Test Bank Complete_
Accounting Information Systems, 15th Edition, (2021)
By Marshall B. Romney & Paul J. Steinbart
All Chapters 1-24| 6 Units| Latest Version With Verified Answers| Rated A+
From: [Bestmaxsolutions.stuvia
,PART I: CONCEPTUAL FOUNDATIONS OF ACCOUNTING INFORMATION SYSTEMS __________ 3
Chapter 1: Accounting Information Systems: An Overview _________________________________ 3
Chapter 2: Overview Of Transaction Processing And Enterprise Resource Planning Systems _____ 41
Chapter 3: Systems Documentation Techniques ________________________________________ 67
PART II: DATA ANALYTICS _____________________________________________________ 97
Chapter 4: Relational Databases _____________________________________________________ 97
Chapter 5: Introduction To Data Analytics In Accounting ________________________________ 130
Chapter 6: Transforming Data ______________________________________________________ 145
Chapter 7: Data Analysis And Presentation ___________________________________________ 165
PART III: CONTROL OF ACCOUNTING INFORMATION SYSTEMS _______________________ 178
Chapter 8: Fraud And Errors _______________________________________________________ 178
Chapter 9: Computer Fraud And Abuse Techniques _____________________________________ 201
Chapter 10: Control And Accounting Information Systems _______________________________ 225
Chapter 11: Controls For Information Security _________________________________________ 256
Chapter 12: Confidentiality And Privacy Controls_______________________________________ 281
Chapter 13: Processing Integrity And Availability Controls _______________________________ 298
PART IV: ACCOUNTING INFORMATION SYSTEMS APPLICATIONS _____________________ 321
Chapter 14: The Revenue Cycle: Sales To Cash Collections _______________________________ 321
Chapter 15: The Expenditure Cycle: Purchasing To Cash Disbursements ____________________ 348
Chapter 16: The Production Cycle ___________________________________________________ 377
Chapter 17: The Human Resources Management And Payroll Cycle ________________________ 403
Chapter 18: General Ledger And Reporting System _____________________________________ 425
PART V: THE REA DATA MODEL ________________________________________________ 445
Chapter 19: Database Design Using The Rea Data Model ________________________________ 445
Chapter 20: Implementing An Rea Model In A Relational Database ________________________ 470
Chapter 21: Special Topics In Rea Modeling ___________________________________________ 495
PART VI: THE SYSTEMS DEVELOPMENT PROCESS __________________________________ 522
Chapter 22: Introduction To Systems Development And Systems Analysis __________________ 522
Chapter 23: Ais Development Strategies______________________________________________ 555
Chapter 24: Systems Design, Implementation, And Operation ____________________________ 587
,PART I: CONCEPTUAL FOUNDATIONS OF ACCOUNTING INFORMATION SYSTEMS
CHAPTER 1: ACCOUNTING INFORMATION SYSTEMS: AN OVERVIEW
Marshall Romney: Accounting Information Systems 15th Edition, (2020) Test Bank
1. Distinguish Data From Information, Discuss The Characteristics Of Useful Information,
And Explain How To Determine The Value Of Information.
1) Which Of The Following Describes The Relationship Between Data And Information?
A) Data Is Organized And Processed To Become Information.
B) Information Is Raw, Unprocessed Data.
C) Information Is Less Useful Than Data In Decision Making.
D) Data And Information Are Synonymous Terms.
ANSWER: A
Data Becomes Meaningful When It Is Processed And Organized Into Information.
Information Is Data That Has Been Refined To Be Useful In Decision-Making.
Concept: The Concept Of Information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
2) When The Goals Of A Subsystem Conflict With The Overall System’s Goals, It
Results In:
A) System Failure.
B) Goal Incongruence.
C) Subsystem Overlap.
D) Goal Conflict.
ANSWER: D
Goal Conflict Occurs When A Subsystem’s Objectives Are At Odds With The Broader
Organizational Objectives, Hindering The Achievement Of Overall Goals.
Concept: The Concept Of Information
,Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
3) If A Subsystem Achieves Its Own Goals While Simultaneously Contributing To The
Overall Goal Of The System, This Is Known As:
A) Goal Congruence.
B) Subsystem Synergy.
C) System Alignment.
D) Goal Conflict.
ANSWER: A
Goal Congruence Means The Goals Of Individual Subsystems Align With And Support
The Larger System's Objectives.
Concept: The Concept Of Information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
4) Which Of The Following Best Defines Information?
A) Raw Data Collected During Transactions.
B) Data That Is Processed And Organized To Be Meaningful.
C) Facts That Have Not Been Analyzed.
D) The Same As Data.
ANSWER: B
Information Is Data That Has Been Processed, Organized, And Given Context, Making It
Meaningful And Useful For Decision-Making.
Concept: The Concept Of Information
Objective: Learning Objective 1
Difficulty: Easy
,AACSB: Analytical Thinking
5) The Value Of Information Is Determined By:
A) Its Use In Decision-Making.
B) The Cost Of Acquiring It.
C) The Balance Of Benefits Versus Production Costs.
D) The Relevance To The Organization's Goals.
ANSWER: C
The Value Of Information Is Assessed By Considering The Benefits Derived From Using
It In Decision-Making And Comparing These Benefits With The Cost Of Obtaining It.
Concept: The Concept Of Information
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Analytical Thinking
6) An Accounting Information System Processes _____ And Provides Users With _____.
A) Data; Information
B) Data; Transactions
C) Information; Reports
D) Data; Benefits
ANSWER: A
An Accounting Information System Processes Raw Data And Organizes It Into
Meaningful Information For Users To Make Informed Decisions.
Concept: The Concept Of Information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
, 7) Which Of The Following Types Of Information Is Most Effective For Reducing
Uncertainty In Decision-Making?
A) Reliable
B) Relevant
C) Complete
D) Timely
ANSWER: B
Relevant Information Helps Decision-Makers Make Predictions, Reduce Uncertainty,
And Guide Their Decisions In Alignment With The Organization's Objectives.
Concept: Information Needs And Business Processes
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
8) Information That Accurately Reflects The Events Or Activities Of An Organization
And Is Free From Bias Or Errors Is Known As:
A) Reliable
B) Verifiable
C) Complete
D) Relevant
ANSWER: A
Reliable Information Is Both Accurate And Trustworthy, Reflecting The True Nature Of
Business Activities Without Distortion.
Concept: The Concept Of Information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
Accounting Information Systems, 15th Edition, (2021)
By Marshall B. Romney & Paul J. Steinbart
All Chapters 1-24| 6 Units| Latest Version With Verified Answers| Rated A+
From: [Bestmaxsolutions.stuvia
,PART I: CONCEPTUAL FOUNDATIONS OF ACCOUNTING INFORMATION SYSTEMS __________ 3
Chapter 1: Accounting Information Systems: An Overview _________________________________ 3
Chapter 2: Overview Of Transaction Processing And Enterprise Resource Planning Systems _____ 41
Chapter 3: Systems Documentation Techniques ________________________________________ 67
PART II: DATA ANALYTICS _____________________________________________________ 97
Chapter 4: Relational Databases _____________________________________________________ 97
Chapter 5: Introduction To Data Analytics In Accounting ________________________________ 130
Chapter 6: Transforming Data ______________________________________________________ 145
Chapter 7: Data Analysis And Presentation ___________________________________________ 165
PART III: CONTROL OF ACCOUNTING INFORMATION SYSTEMS _______________________ 178
Chapter 8: Fraud And Errors _______________________________________________________ 178
Chapter 9: Computer Fraud And Abuse Techniques _____________________________________ 201
Chapter 10: Control And Accounting Information Systems _______________________________ 225
Chapter 11: Controls For Information Security _________________________________________ 256
Chapter 12: Confidentiality And Privacy Controls_______________________________________ 281
Chapter 13: Processing Integrity And Availability Controls _______________________________ 298
PART IV: ACCOUNTING INFORMATION SYSTEMS APPLICATIONS _____________________ 321
Chapter 14: The Revenue Cycle: Sales To Cash Collections _______________________________ 321
Chapter 15: The Expenditure Cycle: Purchasing To Cash Disbursements ____________________ 348
Chapter 16: The Production Cycle ___________________________________________________ 377
Chapter 17: The Human Resources Management And Payroll Cycle ________________________ 403
Chapter 18: General Ledger And Reporting System _____________________________________ 425
PART V: THE REA DATA MODEL ________________________________________________ 445
Chapter 19: Database Design Using The Rea Data Model ________________________________ 445
Chapter 20: Implementing An Rea Model In A Relational Database ________________________ 470
Chapter 21: Special Topics In Rea Modeling ___________________________________________ 495
PART VI: THE SYSTEMS DEVELOPMENT PROCESS __________________________________ 522
Chapter 22: Introduction To Systems Development And Systems Analysis __________________ 522
Chapter 23: Ais Development Strategies______________________________________________ 555
Chapter 24: Systems Design, Implementation, And Operation ____________________________ 587
,PART I: CONCEPTUAL FOUNDATIONS OF ACCOUNTING INFORMATION SYSTEMS
CHAPTER 1: ACCOUNTING INFORMATION SYSTEMS: AN OVERVIEW
Marshall Romney: Accounting Information Systems 15th Edition, (2020) Test Bank
1. Distinguish Data From Information, Discuss The Characteristics Of Useful Information,
And Explain How To Determine The Value Of Information.
1) Which Of The Following Describes The Relationship Between Data And Information?
A) Data Is Organized And Processed To Become Information.
B) Information Is Raw, Unprocessed Data.
C) Information Is Less Useful Than Data In Decision Making.
D) Data And Information Are Synonymous Terms.
ANSWER: A
Data Becomes Meaningful When It Is Processed And Organized Into Information.
Information Is Data That Has Been Refined To Be Useful In Decision-Making.
Concept: The Concept Of Information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
2) When The Goals Of A Subsystem Conflict With The Overall System’s Goals, It
Results In:
A) System Failure.
B) Goal Incongruence.
C) Subsystem Overlap.
D) Goal Conflict.
ANSWER: D
Goal Conflict Occurs When A Subsystem’s Objectives Are At Odds With The Broader
Organizational Objectives, Hindering The Achievement Of Overall Goals.
Concept: The Concept Of Information
,Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
3) If A Subsystem Achieves Its Own Goals While Simultaneously Contributing To The
Overall Goal Of The System, This Is Known As:
A) Goal Congruence.
B) Subsystem Synergy.
C) System Alignment.
D) Goal Conflict.
ANSWER: A
Goal Congruence Means The Goals Of Individual Subsystems Align With And Support
The Larger System's Objectives.
Concept: The Concept Of Information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
4) Which Of The Following Best Defines Information?
A) Raw Data Collected During Transactions.
B) Data That Is Processed And Organized To Be Meaningful.
C) Facts That Have Not Been Analyzed.
D) The Same As Data.
ANSWER: B
Information Is Data That Has Been Processed, Organized, And Given Context, Making It
Meaningful And Useful For Decision-Making.
Concept: The Concept Of Information
Objective: Learning Objective 1
Difficulty: Easy
,AACSB: Analytical Thinking
5) The Value Of Information Is Determined By:
A) Its Use In Decision-Making.
B) The Cost Of Acquiring It.
C) The Balance Of Benefits Versus Production Costs.
D) The Relevance To The Organization's Goals.
ANSWER: C
The Value Of Information Is Assessed By Considering The Benefits Derived From Using
It In Decision-Making And Comparing These Benefits With The Cost Of Obtaining It.
Concept: The Concept Of Information
Objective: Learning Objective 1
Difficulty: Moderate
AACSB: Analytical Thinking
6) An Accounting Information System Processes _____ And Provides Users With _____.
A) Data; Information
B) Data; Transactions
C) Information; Reports
D) Data; Benefits
ANSWER: A
An Accounting Information System Processes Raw Data And Organizes It Into
Meaningful Information For Users To Make Informed Decisions.
Concept: The Concept Of Information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
, 7) Which Of The Following Types Of Information Is Most Effective For Reducing
Uncertainty In Decision-Making?
A) Reliable
B) Relevant
C) Complete
D) Timely
ANSWER: B
Relevant Information Helps Decision-Makers Make Predictions, Reduce Uncertainty,
And Guide Their Decisions In Alignment With The Organization's Objectives.
Concept: Information Needs And Business Processes
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
8) Information That Accurately Reflects The Events Or Activities Of An Organization
And Is Free From Bias Or Errors Is Known As:
A) Reliable
B) Verifiable
C) Complete
D) Relevant
ANSWER: A
Reliable Information Is Both Accurate And Trustworthy, Reflecting The True Nature Of
Business Activities Without Distortion.
Concept: The Concept Of Information
Objective: Learning Objective 1
Difficulty: Easy
AACSB: Analytical Thinking
