ACCT 310 CH 1 Questions & Answers

ACCT 310 CH 1 Questions & Answers Certified Information Technology Professional (CITP) Which designation is for CPAs with a broad range of technology knowledge and experience? Operator The role of accountants in accounting information systems include all except: Provide information about businesses activities activities to senior management According to a recent study, the informate-up IT strategic role is defined as systems that: Processing The primary transformation of data into transformation takes place in which of the following activities? Selling, General & Administrative Expenses The income statement line item most likely affected by an AIS investment in enterprise systems would be: Management decision-making Discretionary information is most likely to be used in which of the following activities? Lives saved Consider the non-profit organization Doctors without Borders (Medecins Sans Frontieres), a Nobel Peace Prize winning organization that provides medical services in war zones and developing countries. For this type of organization, which of the following would likely be the best measure of business value? Currently information is made available to all users involved in the activities and decisions associated with a company's business processes One of the most important ways that ERPs benefit organizations and their business processes is: Enterprise systems An example of AIS that primarily addresses internal business processes include: automate Many hospitals and doctor's offices are beginning to digitize the medical records of their patients. This is an example of the ____ strategic role. Transform eBay uses information technology to sell goods on the Internet. This would be an example of __ strategic role. Evaluate the internal controls in an AIS The Sarbanes-Oxley Act of 2002 requires that a company's attest auditors be able to perform which of the following activities? Easy to understand Which of the following is not a characteristic of useful information? CRM Which of the following systems would a company be most likely to employ for the primary purpose of generating additional sales revenue? Informate-Up A dental practice implemented an upgrade to its AIS that provides the dentists with daily and weekly patient and financial summaries. The practice's upgrade is an example of which IT strategic role? Fundamentally redefine business processes and relationships According to a recent study, the transform IT strategic rol is defined as systems that: COGS The income statement line item most likely affected by an AIS investment in supply chain that would interface with suppliers would be: Revenues The income statement account most likely affected by an AIS investment in customer relationship management (CRM) would be: Reduced gross margins Effective use Supply Chain Management software is generally expected to provide all of the following benefits except: The overall transformation of data from business need to the ultimate decision. The information Value Chain is defined as: Information Technology Which of the following is not a primary activity in the Value Chain? It is difficult to conceive of accounting independent from IT Which of the following most accurately describes IFAC's description of accounting and IT? Report A simple information system includes all but the following elements system: information overload Bob's manager complains that Bob suffers "Analysis Paralysis" that is, he spends too much time reviewing endless reports and is reluctant to make decisions. Bob most likely suffers from include records, processes, and reports Accounting information systems Financial reports for the Securities & Exchange Commission Which of the following are considered to be mandatory information required by a regulatory body?