TESTBANK
ACCOUNTING INFORMATIONSYSTEM 1ST f# f#
EDITION
f#
Chapter01: Accounting f#as f#Information
1) Accountingf#communicatesf#tof#stakeholders
A) minimallyrequired f#publicf#financial f#data.
B) thefinancialoutcomesofoperating,investing, f# andfinancingactivities. oa
C) thesalesstrategyforthe operating,marketing, f # andsalesactivities.
oa oa
D) black andwhitedetailsabouttheeconomicsofoperating
oa oa
f#activities.Answer: f#B
Diff:1
LearningObjective:#f1.1Explainhowaccountingaffects boththedemand forand supply
oa oa oa
f# ofinformation.
lr
SectionReference:Whyis Accounting Information f#Important?AACSB:
oa oa
f#Communication
Bloom's:
ComprehensionAICPA: lr
AC:Reporting
2) Accountingcommunicatesthefinancialoutcomesofabusiness'sactivitiesfor
a
o
A) operating.
B) investing.
C) financing.
D) Alloftheseanswerchoicesare
oa oa
f#correct.Answer: f#D
Diff:1
LearningObjective:#f1.1Explainhowaccountingaffects boththedemand forand supply oa oa
f# ofinformation.
lr
SectionReference:Whyis Accounting Information f#Important?AACSB:
oa oa
f#Communication
Bloom's:
ComprehensionAICPA: lr
AC:Reporting
3) Inf#what f#waydo f#management f#teamsuseaccountingdata?
A) Managementteamsuse accountingdatato makebusinessdecisions.
oa a
o
B) Management teamsuseaccountingdatatomakeandexecuteplans.
oa a
o
C) Managementteamsuseeconomicand accountingdatatogetherto make decisions.
oa oa oa
D) Alloftheseanswerchoicesare
oa oa
f#correct.Answer: f#D
Diff:1
LearningObjective:#f1.1Explainhowaccountingaffects boththedemand forand supply
oa oa oa
f# ofinformation.
lr
SectionReference: f#WhyisAccountingInformation f#Important?AACSB:
f#Analytic
1
,Bloom's: Comprehension
AICPA: AC:RiskAssessment,Analysis,andManagement
2
,4) Whichstatementis TRUE?
oa oa
A) Accountingconsists ofrigidblack and white f # rules.
a
o oa oa oa
B) Accountants crunchnumbers,not makedecisions.
oa oa
C) Accountinghelpssupport f#aprosperous f#society.
a
o a
o
D) Accountantsfocusondebitsand credits,notbusiness oa oa
f#activities.Answer: f#C
Diff:1
LearningObjective:#f1.1Explainhowaccountingaffects boththedemand forand supply oa oa oa
f# ofinformation.
lr
SectionReference:WhyisAccounting Information f#Important?AACSB: oa
f#Analytic
Bloom's:
ComprehensionAICPA: lr
N/A
5) WhichofthefollowingisNOTacomponent of f# aninformation system?
oa a
o oa oa
A) Hardware
B) Software
C) Input
D) Network
f#Answer:
f#C f#Diff:f#1
LearningObjective:#f1.1Explainhowaccountingaffects boththedemand forand supply oa oa oa
f# ofinformation.
lr
SectionReference:WhyisAccounting Information f#Important?AACSB: oa
f#Analytic
Bloom's: Knowledge
AICPA: AC:Systemsand Process Management oa oa
6) Inputto an informationsystemconsists of
oa oa oa
A) rawand unorganized data.
oa oa
B) hardwareand software. oa
C) reported f#information.
D) processeddata.
f#Answer: A
f#Diff:f#1
LearningObjective:#f1.1Explainhowaccountingaffects boththedemand forand supply oa oa oa
f# ofinformation.
lr
SectionReference:Whyis Accounting Information f#Important?AACSB: oa oa
f#Analytic
Bloom's: Knowledge
AICPA: AC:SystemsandProcessManagement
7) Whichofthefollowingis a definitionofoutputfrom f # aninformationsystem? a
o oa oa
A) Outputis raw f#and unorganizeddata.
oa oa
B) Outputisinformation produced byprocessingdata. oa
C) Output isdatabasefactsandfigures.
oa oa
D) Outputis information f#collectedfrom
oa
3
, users.Answer: f # B
4
ACCOUNTING INFORMATIONSYSTEM 1ST f# f#
EDITION
f#
Chapter01: Accounting f#as f#Information
1) Accountingf#communicatesf#tof#stakeholders
A) minimallyrequired f#publicf#financial f#data.
B) thefinancialoutcomesofoperating,investing, f# andfinancingactivities. oa
C) thesalesstrategyforthe operating,marketing, f # andsalesactivities.
oa oa
D) black andwhitedetailsabouttheeconomicsofoperating
oa oa
f#activities.Answer: f#B
Diff:1
LearningObjective:#f1.1Explainhowaccountingaffects boththedemand forand supply
oa oa oa
f# ofinformation.
lr
SectionReference:Whyis Accounting Information f#Important?AACSB:
oa oa
f#Communication
Bloom's:
ComprehensionAICPA: lr
AC:Reporting
2) Accountingcommunicatesthefinancialoutcomesofabusiness'sactivitiesfor
a
o
A) operating.
B) investing.
C) financing.
D) Alloftheseanswerchoicesare
oa oa
f#correct.Answer: f#D
Diff:1
LearningObjective:#f1.1Explainhowaccountingaffects boththedemand forand supply oa oa
f# ofinformation.
lr
SectionReference:Whyis Accounting Information f#Important?AACSB:
oa oa
f#Communication
Bloom's:
ComprehensionAICPA: lr
AC:Reporting
3) Inf#what f#waydo f#management f#teamsuseaccountingdata?
A) Managementteamsuse accountingdatato makebusinessdecisions.
oa a
o
B) Management teamsuseaccountingdatatomakeandexecuteplans.
oa a
o
C) Managementteamsuseeconomicand accountingdatatogetherto make decisions.
oa oa oa
D) Alloftheseanswerchoicesare
oa oa
f#correct.Answer: f#D
Diff:1
LearningObjective:#f1.1Explainhowaccountingaffects boththedemand forand supply
oa oa oa
f# ofinformation.
lr
SectionReference: f#WhyisAccountingInformation f#Important?AACSB:
f#Analytic
1
,Bloom's: Comprehension
AICPA: AC:RiskAssessment,Analysis,andManagement
2
,4) Whichstatementis TRUE?
oa oa
A) Accountingconsists ofrigidblack and white f # rules.
a
o oa oa oa
B) Accountants crunchnumbers,not makedecisions.
oa oa
C) Accountinghelpssupport f#aprosperous f#society.
a
o a
o
D) Accountantsfocusondebitsand credits,notbusiness oa oa
f#activities.Answer: f#C
Diff:1
LearningObjective:#f1.1Explainhowaccountingaffects boththedemand forand supply oa oa oa
f# ofinformation.
lr
SectionReference:WhyisAccounting Information f#Important?AACSB: oa
f#Analytic
Bloom's:
ComprehensionAICPA: lr
N/A
5) WhichofthefollowingisNOTacomponent of f# aninformation system?
oa a
o oa oa
A) Hardware
B) Software
C) Input
D) Network
f#Answer:
f#C f#Diff:f#1
LearningObjective:#f1.1Explainhowaccountingaffects boththedemand forand supply oa oa oa
f# ofinformation.
lr
SectionReference:WhyisAccounting Information f#Important?AACSB: oa
f#Analytic
Bloom's: Knowledge
AICPA: AC:Systemsand Process Management oa oa
6) Inputto an informationsystemconsists of
oa oa oa
A) rawand unorganized data.
oa oa
B) hardwareand software. oa
C) reported f#information.
D) processeddata.
f#Answer: A
f#Diff:f#1
LearningObjective:#f1.1Explainhowaccountingaffects boththedemand forand supply oa oa oa
f# ofinformation.
lr
SectionReference:Whyis Accounting Information f#Important?AACSB: oa oa
f#Analytic
Bloom's: Knowledge
AICPA: AC:SystemsandProcessManagement
7) Whichofthefollowingis a definitionofoutputfrom f # aninformationsystem? a
o oa oa
A) Outputis raw f#and unorganizeddata.
oa oa
B) Outputisinformation produced byprocessingdata. oa
C) Output isdatabasefactsandfigures.
oa oa
D) Outputis information f#collectedfrom
oa
3
, users.Answer: f # B
4
