Test Bank
Accounting Information Systems
By Vernon Richardson
4th Edition
,Table Of Contents
Ch. 1 Accounting Information Systems And Firm Value
Ch. 2 Accountants As Business Analysts
Ch. 3 Data Modeling
Ch. 4 Relational Databases And Enterprise Systems
Ch. 5 Sales And Collections Business Process
Ch. 6 Purchases And Payments Business Process
Ch. 7 Conversion Business Process
Ch. 8 Integrated Project
Ch. 9 Reporting Processes And Extensible Business Reporting Language (Xbrl)
Ch. 10 Data Analytics In Accounting: Concepts And The Amps Model
Ch. 11 Data Analytics In Accounting: Tools And Practice
Ch. 12 Emerging Technologies: Blockchain And Ai Automation
Ch. 13 Accounting Information Systems And Internal Controls
Ch. 14 Information Security And Computer Fraud
Ch. 15 Monitoring And Auditing Ais
Ch. 16 The Balanced Scorecard, Business Model Canvas, And Business Value Of Information Technology
Ch. 17 Evaluating Ais Investments
Ch. 18 Systems Development And Project Management For Ais
,Chapter 1: Accounting Information Systems And Firm Value
Multiple Choice Questions
1. (Lo 1-1) Accounting Information Systems
a. Are Always Computerized.
b. Report Only Financially Related Information.
c. Are Information Systems That Record, Process, And Report On Transactions To
Provide Financial And Nonfinancial Information For Decision Making And Control.
d. Require A Citp Designation To Understand.
ANS: C
2. (Lo 1-1) Which Of The Following Is A Characteristic Of Relevance?
a. Materiality
b. Timeliness
c. Verifiable
d. Cost To
Generate ANS: A
3. (Lo 1-2) Which Of The Following Is Considered To Be Mandatory Information Required By
A Regulatory Body?
a. 10-Q Submission To The Securities And Exchange Commission
b. The Cost To Produce A Samsung Galaxy
c. The Number Of Organic Bananas That Are Sold At Whole Foods On July 28
d. The Cost To Build An All-New Starbucks Restaurant In Shenzhen,
China ANS: A
4. (Lo 1-4) The Correct Order Of Events In The Value Chain Is
a. Inbound Logistics ➛ Operations ➛ Service.
b. Inbound Logistics ➛ Outbound Logistics ➛ Marketing And Sales.
c. Inbound Logistics ➛ Operations ➛ Outbound Logistics.
d. Inbound Logistics ➛ Operations ➛ Marketing And Sales.
ANS: C
5. (Lo 1-8) Which System Contributes Information On Direct Labor To A Cost Accounting System?
a. Supply Chain Management System (Scms)
b. Financial Reporting System (Frs)
c. Customer Relational Management System (Crm)
2
, d. Human Resource Management System (Hrms)
ANS: D
6. (Lo 1-7) A Supply Chain
a. Supplies Jewelry Chains.
b. Refers To The Flow Of Materials, Information, Payments, And Services.
c. Is Similar In Function And Purpose To The Value Chain.
d. Does Not Apply To A Service Firm Like An Accounting Firm.
ANS: B
7. (Lo 1-7) Customer Relationship Management Software Does Not Include Information About
a. Current Customers.
b. Prospective Customers.
c. Former Customers.
d. Current Employees.
ANS: D
8. (Lo 1-6) An Information System That Measures And Records Accounting Transactions
And Reports Them In The Financial Statements Is Called A
a. Financial Reporting System (Frs).
b. Enterprise System (Es).
c. Manufacturing System (Ms).
d. Cost Accounting System.
ANS: A
9. (Lo 1-3) What Is The Name Of The Position For A Person Responsible For
Determining Information Needs Of A Business And Designing A System To Meet
Those Needs?
a. Chief Information Officer
b. Controller
c. It Auditor
d. Systems
Analyst ANS: D
10. (Lo 1-9) The Balance Sheet Account Most Likely Affected By An Ais Investment In
Supply Chain Management Software Would Be
a. Inventories.
b. Fixed Assets.
c. Cash And Cash Equivalents.
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Accounting Information Systems
By Vernon Richardson
4th Edition
,Table Of Contents
Ch. 1 Accounting Information Systems And Firm Value
Ch. 2 Accountants As Business Analysts
Ch. 3 Data Modeling
Ch. 4 Relational Databases And Enterprise Systems
Ch. 5 Sales And Collections Business Process
Ch. 6 Purchases And Payments Business Process
Ch. 7 Conversion Business Process
Ch. 8 Integrated Project
Ch. 9 Reporting Processes And Extensible Business Reporting Language (Xbrl)
Ch. 10 Data Analytics In Accounting: Concepts And The Amps Model
Ch. 11 Data Analytics In Accounting: Tools And Practice
Ch. 12 Emerging Technologies: Blockchain And Ai Automation
Ch. 13 Accounting Information Systems And Internal Controls
Ch. 14 Information Security And Computer Fraud
Ch. 15 Monitoring And Auditing Ais
Ch. 16 The Balanced Scorecard, Business Model Canvas, And Business Value Of Information Technology
Ch. 17 Evaluating Ais Investments
Ch. 18 Systems Development And Project Management For Ais
,Chapter 1: Accounting Information Systems And Firm Value
Multiple Choice Questions
1. (Lo 1-1) Accounting Information Systems
a. Are Always Computerized.
b. Report Only Financially Related Information.
c. Are Information Systems That Record, Process, And Report On Transactions To
Provide Financial And Nonfinancial Information For Decision Making And Control.
d. Require A Citp Designation To Understand.
ANS: C
2. (Lo 1-1) Which Of The Following Is A Characteristic Of Relevance?
a. Materiality
b. Timeliness
c. Verifiable
d. Cost To
Generate ANS: A
3. (Lo 1-2) Which Of The Following Is Considered To Be Mandatory Information Required By
A Regulatory Body?
a. 10-Q Submission To The Securities And Exchange Commission
b. The Cost To Produce A Samsung Galaxy
c. The Number Of Organic Bananas That Are Sold At Whole Foods On July 28
d. The Cost To Build An All-New Starbucks Restaurant In Shenzhen,
China ANS: A
4. (Lo 1-4) The Correct Order Of Events In The Value Chain Is
a. Inbound Logistics ➛ Operations ➛ Service.
b. Inbound Logistics ➛ Outbound Logistics ➛ Marketing And Sales.
c. Inbound Logistics ➛ Operations ➛ Outbound Logistics.
d. Inbound Logistics ➛ Operations ➛ Marketing And Sales.
ANS: C
5. (Lo 1-8) Which System Contributes Information On Direct Labor To A Cost Accounting System?
a. Supply Chain Management System (Scms)
b. Financial Reporting System (Frs)
c. Customer Relational Management System (Crm)
2
, d. Human Resource Management System (Hrms)
ANS: D
6. (Lo 1-7) A Supply Chain
a. Supplies Jewelry Chains.
b. Refers To The Flow Of Materials, Information, Payments, And Services.
c. Is Similar In Function And Purpose To The Value Chain.
d. Does Not Apply To A Service Firm Like An Accounting Firm.
ANS: B
7. (Lo 1-7) Customer Relationship Management Software Does Not Include Information About
a. Current Customers.
b. Prospective Customers.
c. Former Customers.
d. Current Employees.
ANS: D
8. (Lo 1-6) An Information System That Measures And Records Accounting Transactions
And Reports Them In The Financial Statements Is Called A
a. Financial Reporting System (Frs).
b. Enterprise System (Es).
c. Manufacturing System (Ms).
d. Cost Accounting System.
ANS: A
9. (Lo 1-3) What Is The Name Of The Position For A Person Responsible For
Determining Information Needs Of A Business And Designing A System To Meet
Those Needs?
a. Chief Information Officer
b. Controller
c. It Auditor
d. Systems
Analyst ANS: D
10. (Lo 1-9) The Balance Sheet Account Most Likely Affected By An Ais Investment In
Supply Chain Management Software Would Be
a. Inventories.
b. Fixed Assets.
c. Cash And Cash Equivalents.
3
