Accounting Information Systems (AIS) Chapters 1-3 ||
WELL-ENLIGHTENED QUESTIONS WITH
CORRECT SOLUTIONS!!
Validity correct answers Information about actual authorized events and objectives.
Data correct answers Facts or figures in raw form. Represents the measurement of
observation of objects an events to be useful to a decision maker it most be transformed into
information.
Accounting Information Systems (AIS) correct answers Is a specialized subsystem of the IS
that collects,processes and reports information related to the financial aspects of business.
Management Processes correct answers A system consisting of the people, authority,
organization, policies, and procedures whose objective is to plan, and control the operations
of the organization.
Comparability correct answers Information quality that enables users to identify similarities
and differences in two pieces of information.
Neutrality or Freedom From Bias correct answers Means that the information is objective.
Timeliness correct answers Information available to a decision maker before it loses its
capacity to influence a decision.
Efficiency correct answers Concerns the obtaining and use of information through the
optimal must productive and economical use of resources.
Sarbanes Oxley Act correct answers Management must identify, document, evaluate
significant internal controls.
Auditors must report on the effectiveness of the organization's system of internal controls.
Control correct answers Of business processes. The means by which we make sure the
intended actually happens.
Relevance correct answers Information that is capable of making a difference in a decision-
making situation by reducing uncertainty or increasing knowledge for that particular decision.
E-Business correct answers Is the application of electronic networks to undertake business
processes between individuals and organizations.
Predictive Value & Feedback Value correct answers Improve a decision makers capability to
predict, confirm, or correct earlier expectations.
Reliability correct answers The Information is true and credible
Availability correct answers Information quality goals under the accessibility and security
heading.
, Integrity correct answers The Information is free from errors and complete
Compliance correct answers Information must conform to specifications is covered by any of
the information quality goals, depending on the requirements.
Database correct answers The Full accounting Cycle, however, includes data collection, and
storage.
Choice correct answers Selecting a Course of Action
Subsystem correct answers A part of a system. Whiten limits, any subsystem can be further
divided into its component parts or subsystems.
Event Processing correct answers As organizations undertake their business operations,
events- such as sales, and purchases- occur. Data about these events must be captured and
recorded to mirror and monitor the business operations.
Management Decision Making correct answers The information used for a decision must be
tailored to the type of decision under consideration. The information is more useful if it
recognizes the personal management styles and preferences of the decision maker.
Technology correct answers Ability to plan and manage business or operations depends
partly on knowledge of the technology available.
Information Systems correct answers A man-made system that generally consist of an
integrated set of computer-based components and manual components established to collect,
store, manage data and to provide output of information to users.
Understandability correct answers Enables users to perceive the information's significance.
Effectiveness correct answers Information is effective if it meets the needs of the information
consumers who uses the information for a specific task.
Logical Components of Business Processes correct answers Operations processes,
Management Processes, Management uses of Information.
Horizontal Information Flow correct answers Relate to specific business events, such as one
shipment, or to individual inventory items.
Reporting correct answers To design reports generated by an information system, the
accountant must know what output are required or are desirable.
System Development Operation correct answers The information systems that process
business events and provide information for management decision making must be designed,
implemented, and effectively operated.
Design correct answers Inventing, developing, ad analyzing possible courses of action.
Application Program interface (API) correct answers A means for connecting to a system or a
application provided by the developer of that system or application.
WELL-ENLIGHTENED QUESTIONS WITH
CORRECT SOLUTIONS!!
Validity correct answers Information about actual authorized events and objectives.
Data correct answers Facts or figures in raw form. Represents the measurement of
observation of objects an events to be useful to a decision maker it most be transformed into
information.
Accounting Information Systems (AIS) correct answers Is a specialized subsystem of the IS
that collects,processes and reports information related to the financial aspects of business.
Management Processes correct answers A system consisting of the people, authority,
organization, policies, and procedures whose objective is to plan, and control the operations
of the organization.
Comparability correct answers Information quality that enables users to identify similarities
and differences in two pieces of information.
Neutrality or Freedom From Bias correct answers Means that the information is objective.
Timeliness correct answers Information available to a decision maker before it loses its
capacity to influence a decision.
Efficiency correct answers Concerns the obtaining and use of information through the
optimal must productive and economical use of resources.
Sarbanes Oxley Act correct answers Management must identify, document, evaluate
significant internal controls.
Auditors must report on the effectiveness of the organization's system of internal controls.
Control correct answers Of business processes. The means by which we make sure the
intended actually happens.
Relevance correct answers Information that is capable of making a difference in a decision-
making situation by reducing uncertainty or increasing knowledge for that particular decision.
E-Business correct answers Is the application of electronic networks to undertake business
processes between individuals and organizations.
Predictive Value & Feedback Value correct answers Improve a decision makers capability to
predict, confirm, or correct earlier expectations.
Reliability correct answers The Information is true and credible
Availability correct answers Information quality goals under the accessibility and security
heading.
, Integrity correct answers The Information is free from errors and complete
Compliance correct answers Information must conform to specifications is covered by any of
the information quality goals, depending on the requirements.
Database correct answers The Full accounting Cycle, however, includes data collection, and
storage.
Choice correct answers Selecting a Course of Action
Subsystem correct answers A part of a system. Whiten limits, any subsystem can be further
divided into its component parts or subsystems.
Event Processing correct answers As organizations undertake their business operations,
events- such as sales, and purchases- occur. Data about these events must be captured and
recorded to mirror and monitor the business operations.
Management Decision Making correct answers The information used for a decision must be
tailored to the type of decision under consideration. The information is more useful if it
recognizes the personal management styles and preferences of the decision maker.
Technology correct answers Ability to plan and manage business or operations depends
partly on knowledge of the technology available.
Information Systems correct answers A man-made system that generally consist of an
integrated set of computer-based components and manual components established to collect,
store, manage data and to provide output of information to users.
Understandability correct answers Enables users to perceive the information's significance.
Effectiveness correct answers Information is effective if it meets the needs of the information
consumers who uses the information for a specific task.
Logical Components of Business Processes correct answers Operations processes,
Management Processes, Management uses of Information.
Horizontal Information Flow correct answers Relate to specific business events, such as one
shipment, or to individual inventory items.
Reporting correct answers To design reports generated by an information system, the
accountant must know what output are required or are desirable.
System Development Operation correct answers The information systems that process
business events and provide information for management decision making must be designed,
implemented, and effectively operated.
Design correct answers Inventing, developing, ad analyzing possible courses of action.
Application Program interface (API) correct answers A means for connecting to a system or a
application provided by the developer of that system or application.
