TEST BANK FOR Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition by Arline A. Savage, Danielle Brannock , Alicja Foksinska ISBN: 978-1119744474 COMPLETE GUIDE 100% VERIFIED A+ GRADE ASSURED!!!!!NEW LATEST UPDATE!!!!!!

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TEST BANK FOR Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition by Arline A. Savage, Danielle Brannock , Alicja Foksinska ISBN: 978-1119744474 COMPLETE GUIDE 100% VERIFIED A+ GRADE ASSURED!!!!!NEW LATEST UPDATE!!!!!!

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773 pages

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Institution Accounting Information Systems

Course Accounting Information Systems

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1

,TEST BANK x#

Accounting Information System 1st Edition x# x# x# x#

Chapter 01: Accounting as Information
x# x# x# x#

1) Accounting communicates to stakeholders x# x# x#

A) minimally required public financial data.x# x# x# x#

B) the financial outcomes of operating, investing, and financing activities.
x# x# x# x# x# x# x# x#

C) the sales strategy for the operating, marketing, and sales activities.
x# x# x# x# x# x# x# x# x#

D) black and white details about the economics of operating activitie
x# x# x# x# x# x# x# x# x#

s. Answer: B
x# x #

Diff: 1 x#

Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of inf
x# x # x# x# x# x# x# x# x# x# x# x# x# x#

ormation.
Section Reference: Why is Accounting Information Important? AA
x# x # x# x# x# x# x#

CSB: Communication
x #

Bloom's: Comprehensio x #

n AICPA: AC: Reportin
x# x # x#

g

2) Accounting communicates the financial outcomes of a business's activities for
x# x# x# x# x# x# x# x# x#

A) operating.
B) investing.
C) financing.
D) All of these answer choices are correct
x# x# x# x# x# x#

. Answer: D
x# x #

Diff: 1 x#

Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of inf
x# x # x# x# x# x# x# x# x# x# x# x# x# x#

ormation.
Section Reference: Why is Accounting Information Important? AA
x# x # x# x# x# x# x#

CSB: Communication
x #

Bloom's: Comprehensio x #

n AICPA: AC: Reportin
x# x # x#

g

3) In what way do management teams use accounting data?
x# x# x# x# x# x# x# x#

A) Management teams use accounting data to make business decisions.
x# x# x# x# x# x# x# x#

B) Management teams use accounting data to make and execute plans.
x# x# x# x# x# x# x# x# x#

C) Management teams use economic and accounting data together to make decisions.
x# x# x# x# x# x# x# x# x# x#

D) All of these answer choices are correct
x# x# x# x# x# x#

. Answer: D
x# x #

Diff: 1 x#

Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of inf
x# x # x# x# x# x# x# x# x# x# x# x# x# x#

ormation.
Section Reference: Why is Accounting Information Important? AA
x# x # x# x# x# x# x#

CSB: Analytic
x #

Bloom's: Comprehension x # x #

AICPA: AC: Risk Assessment, Analysis, and Management
x# x# x# x# x# x# x#

2

,4) Which statement is TRUE? x# x# x#

A) Accounting consists of rigid black and white rules. x# x# x# x# x# x# x#

B) Accountants crunch numbers, not make decisions. x# x# x# x# x#

C) Accounting helps support a prosperous society. x# x# x# x# x#

D) Accountants focus on debits and credits, not business activitie x# x# x# x# x# x# x# x#

s. Answer: C
x# x #

Diff: 1 x#

Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of inf
x# x # x# x# x# x# x# x# x# x# x# x# x# x#

ormation.
Section Reference: Why is Accounting Information Important? AA
x# x # x# x# x# x# x#

CSB: Analytic
x #

Bloom's: Comprehensio x #

n AICPA: N/A
x# x #

5) Which of the following is NOT a component of an information system?
x# x# x# x# x# x# x# x# x# x# x#

A) Hardware
B) Software
C) Input
D) Network
Answer: C
x# x#

Diff: 1
x# x#

Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of inf
x# x # x# x# x# x# x# x# x# x# x# x# x# x#

ormation.
Section Reference: Why is Accounting Information Important? AA
x# x # x# x# x# x# x#

CSB: Analytic
x #

Bloom's: Knowledge x # x #

AICPA: AC: Systems and Process Management
x#x# x# x# x# x#

6) Input to an information system consists of
x# x# x# x# x# x#

A) raw and unorganized data.
x# x# x#

B) hardware and software. x# x#

C) reported information. x#

D) processed data. x#

Answer: A x# x#

Diff: 1 x#

Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of inf
x# x # x# x# x# x# x# x# x# x# x# x# x# x#

ormation.
Section Reference: Why is Accounting Information Important? AA
x# x # x# x# x# x# x#

CSB: Analytic
x #

Bloom's: Knowledge x # x #

AICPA: AC: Systems and Process Management
x#x# x# x# x# x#

7) Which of the following is a definition of output from an information system?
x# x# x# x# x# x# x# x# x# x# x# x#

A) Output is raw and unorganized data.
x# x# x# x# x#

B) Output is information produced by processing data.
x# x# x# x# x# x#

C) Output is database facts and figures.
x# x# x# x# x#

D) Output is information collected from users
x# x# x# x# x#

. Answer: B
x# x #

3

, Diff: 1 x#

Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of inf
x# x # x# x# x# x# x# x# x# x# x# x# x# x#

ormation.
Section Reference: Why is Accounting Information Important? AA
x# x # x# x# x# x# x#

CSB: Analytic
x #

Bloom's: Comprehension x # x #

AICPA: AC: Systems and Process Management
x#x# x# x# x# x#

8) Which statement concerning data is TRUE?
x# x# x# x# x#

A) Data is useless to a business until transformed into information.
x# x# x# x# x# x# x# x# x#

B) Data is the output from an information system.
x# x# x# x# x# x# x#

C) Data is organized into understandable formats.
x# x# x# x# x#

D) Data is processed before being input into the information syste
x# x# x# x# x# x# x# x# x#

m. Answer: A
x# x #

Diff: 1 x#

Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of inf
x# x # x# x# x# x# x# x# x# x# x# x# x# x#

ormation.
Section Reference: Why is Accounting Information Important? AA
x# x # x# x# x# x# x#

CSB: Analytic
x #

Bloom's: Comprehension x # x #

AICPA: AC: Systems and Process Management
x#x# x# x# x# x#

9) Which of the following activities would NOT result in a transaction in an accounti
x# x# x# x# x# x# x# x# x# x# x# x# x#

ng information system?
x# x#

A) Sell goods to a customer on account
x# x# x# x# x# x#

B) Purchase supplies on credit x# x# x#

C) Prepay for six months of insurance
x# x# x# x# x#

D) Receive a customer order x# x# x#

Answer: D
x# x #

Diff: 2 x#

Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of inf
x# x # x# x# x# x# x# x# x# x# x# x# x# x#

ormation.
Section Reference: Why is Accounting Information Important? AA
x# x # x# x# x# x# x#

CSB: Analytic
x #

Bloom's: Application x # x #

AICPA: AC: Systems and Process Management
x#x# x# x# x# x#

4

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Arline A. Savage, Danielle Brannock, Alicja Foksinska Accounting Information Systems

Publisher: 2022 ISBN: 9781119744474 Edition: Unknown

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TEST BANK FOR Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition by Arline A. Savage, Danielle Brannock , Alicja Foksinska ISBN: 978-1119744474 COMPLETE GUIDE 100% VERIFIED A+ GRADE ASSURED!!!!!NEW LATEST UPDATE!!!!!!

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