Solutions Manual Accounting Information Systems 4th Edition Richardson

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,Chapter1:AccountingInformationSystemsandFirmValue
MultipleLChoiceLQuestions

1. (LOL1-1)LAccountingLinformationLsystems

a. areLalwaysLcomputerized.
b. report’onlyLfinanciallyLrelatedLinformation.
c. areLinformationLsystems’that’record,Lprocess,LandLreportLonLtransactionsLtoLprovide
LfiLnancialLandLnonfinancialLinformationLforLdecisionLmakingLandLcontrol.
d. requireLaLCITPLdesignationLtoLunderstand.

Answer:LC

2. (LOL1-1)LWhichLof’theLfollowing’isLaLcharacteristic’of’relevance?

a. Materiality
b. Timeliness
c. Verifiable
d. CostLtogenerate

LAnswer:LA


3. (LOL1-
2) WhichLofLtheLfollowingLisLconsideredLtoLbeLmandatoryLinformationLrequiredLbyLaLregulat
oryLbody?

a. 10-Q’submissionLtoLtheLSecuritiesLandLExchangeLCommission
b. TheLcostLtoLproduceLaLSamsungLGalaxy
c. TheLnumberLof’organicLbananasLthatLareLsoldLatLWholeLFoodsLonLJulyL28
d. TheLcostLtoLbuildLanLall-

newLStarbucksLrestaurant’inLShenzhen,LChinaLAnswer:LA

4. (LOL1-4)LTheLcorrectLorder’ofLeventsLinLtheLvalueLchainLis

a. InboundLlogisticsL➛LOperationsL ➛Service.
b. InboundLlogisticsL➛LOutboundLlogisticsL➛MarketingLandLsales.
c. InboundLlogisticsL ➛LOperationsL➛LOutboundLlogistics.
d. InboundLlogisticsL➛LOperationsL➛MarketingLandLSales.

Answer:LC

5. (LOL1-8)LWhichLsystemLcontributesLinformationLonLdirectLlaborLtoLaLcostLaccountingLsystem?

a. SupplyLchainLmanagementLsystemL(SCMS)
b. FinancialLreportingLsystemL(FRS)
c. Customer’RelationalLManagementLSystemL(CRM)




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, d. HumanLresourceLmanagementLsystemL(HRMS

)LAnswer:LD

6. (LOL1-7)LALsupplyLchain

a. suppliesLjewelryLchains.
b. refersLtoLtheLflowLof’materials,Linformation,Lpayments,LandLservices.
c. isLsimilarLinLfunctionLandLpurposeLtoLtheLvalueLchain.
d. doesLnotLapplyLtoLaLserviceLfirmLlikeLanLaccountingLfirm.

Answer:LB

7. (LOL1-7)LCustomer’relationshipLmanagementLsoftwareLdoesLnot’includeLinformationLabout

a. current’customers.
b. prospectiveL customers.
c. formerLcustomers.
d. currentLemployees.

Answer:LD

8. (LOL1-
6)LAnLinformationLsystemLthatLmeasuresLandLrecordsLaccounting’transactionsLandLreportsLt
hLemLinLtheLfinancialLstatementsLisLcalledLa

a. financialLreporting’systemL(FRS).
b. enterprisesystemL(ES).
c. manufacturingLsystemL(MS).
d. cost’accountingLsystem.

Answer:LA

9. (LOL1-
3) WhatLisLtheLnameLof’theLpositionLforLaLpersonLresponsibleLforLdetermining’Informat
ioLnLneedsLofLaLbusinessLandLdesigningLaLsystemLtoLmeetLthoseLneeds?

a. Chief’informationLofficer
b. Controller
c. ITLauditor
d. SystemsLanalyst

LAnswer:LD


10. (LOL1-
9)LTheLbalanceLsheetLaccountLmostLlikelyLaffectedLbyLanLAIS’investment’inLsupplyLchainLma
naLgementLsoftwareLwouldLbe

a. inventories.
b. fixedLassets.
c. cashLandLcashLequivalents.
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, d. unearnedLrevenue.

Answer:LA

11. (LOL1-7)LTheLsoftware/systemLthatLhelpsLmakeLsureLtheLretailLfirmLdoesn’tLhaveLaLstockoutLis

a. supplyLchainLmanagementLsoftware.
b. customer’relationshipL management’software.
c. enterprisesystems.
d. humanLresourceLsystems.

Answer:LA

12. (LOL1-
9)LDataLanalyticsLperformedLtoLidentifyLtheLmostLprofitableLcustomersLwouldLbeLmost’lik
elyLtoLaffectLwhichLincomeLstatementLaccount?

a. Selling,Lgeneral,LandLadministrativeLexpensesL(SG&A)
b. InterestLexpense
c. Revenues
d. CostLofgoodsLsold

LAnswer:LC


13. (LOL1-7,LLOL1-
9)LCustomerLrelationshipLmanagementLsystemsLwouldLgenerallyLbeLconsideredLtoLbeLan

a. internalLbusinessLprocess.
b. externalLbusinessLprocess.
c. interior’businessLprocess.
d. exterior’businessLprocess.

Answer:LB

14. (LOL1-
3)LAnLauditorLtestingLinternalLcontrolsLwouldLgenerallyLbeLconsideredLto’fillLwhichLroleLwith
LreLspectLtoLaccounting’informationLsystems?


a. User
b. Manager
c. Designer
d. Evaluator

LAnswer:LD


15. (LOL1-
2) WhichLofLtheseLrepresentsLtheLproperLtransformationLfromLdataLtoLdecisionLaccordin
gLtLoLtheLinformationLvalueLchain?

a. DataL➛LInformationL➛LKnowledgeL➛Decision
b. DataL➛LKnowledgeL➛LInformationL➛Decision
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