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Accounting Information Systems
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by Vernon Richardson, Chengyee Chang, Rod Smith
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4th Edition
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All Chapters Included ⬛⬛
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Page 1
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All Answers Included ⬛
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, Chapter 1 %fc % f c
Accounting Information Systems and Firm Value %fc %fc %fc %fc %fc
1) Accounting and Finance is a primary activity in the value
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chain. ANSWER: FALSE
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Diff: 1
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Topic: The Value Chain and Accounting Information Systems
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Learning Objective: 01-04 Describe how business processes affect the firm's value
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chain. Bloom's: Remember
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AACSB: Reflective Thinking
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AICPA: BB Industry; FN Decision Making
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2) Accounting Information Systems at this date are all
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computerized. ANSWER: FALSE
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Diff: 1
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Topic: Data versus Information
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Learning Objective: 01-02 Distinguish among data, information, and an information
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system. Bloom's: Remember
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AACSB: Reflective Thinking
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AICPA: BB Industry; FN Decision Making
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3) Business value includes all those items, events and interactions that determine the financial
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health and well-being of the firm.
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ANSWER: TRUE % f c
Diff: 1
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Topic: The Value Chain and Accounting Information Systems
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Learning Objective: 01-04 Describe how business processes affect the firm's value
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chain. Bloom's: Remember
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AACSB: Reflective Thinking
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AICPA: BB Industry; FN Decision Making
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4) The Certified Information Technology Professional (CITP) is a professional designation for
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those with a broad range of technology knowledge and does not require a CPA.
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ANSWER: FALSE % f c
Diff: 1
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Topic: Role of Accountants in Accounting Information Systems
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Learning Objective: 01-03 Distinguish the roles of accountants in providing information, and explain
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certifications related to accounting information systems.
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Bloom's: Remember % f c
AACSB: Reflective
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Thinking
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AICPA: BB Industry; FN Decision Making
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5) The Certified Information Systems Auditor (CISA) is a professional designation generally
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sought by those performing IT audits.
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ANSWER: TRUE % f c
Diff: 1
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Topic: Role of Accountants in Accounting Information Systems
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Learning Objective: 01-03 Distinguish the roles of accountants in providing information, and explain
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certifications related to accounting information systems.
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,Bloom's: Remember
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AACSB: Reflective
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Thinking
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AICPA: BB Industry; FN Decision Making
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, 6) Information is defined as being data organized in a meaningful way that is useful to the user.
ANSWER: TRUE
Diff: 1
Topic: Data versus Information
Learning Objective: 01-02 Distinguish among data, information, and an information system.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making
7) Data is defined as being information organized in a meaningful way that is useful to the user.
ANSWER: FALSE
Diff: 1
Topic: Data versus Information
Learning Objective: 01-02 Distinguish among data, information, and an information system.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making
8) A systems analyst analyzes a business problem that might be addressed by an information system
and recommends software or systems to address that problem.
ANSWER: TRUE
Diff: 1
Topic: The Value Chain and Accounting Information Systems
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making
9) A value chain is defined as the flow of materials, information, payments, and services from
customer to supplier.
ANSWER: FALSE
Diff: 1
Topic: The Value Chain and Accounting Information Systems
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making
10) Relevant information is that information that is free from bias and error.
ANSWER: FALSE
Diff: 1
Topic: Definition of Accounting Information Systems; Attributes of Useful Information
Learning Objective: 01-01 Define an accounting information system, and explain characteristics of useful information.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making
Accounting Information Systems
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by Vernon Richardson, Chengyee Chang, Rod Smith
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4th Edition
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All Chapters Included ⬛⬛
%fc %fc %fc%
c
f %fc
⬛
%fc
Page 1
%fc
All Answers Included ⬛
%fc %fc %fc %fc
⬛
%fc
⬛
%fc
, Chapter 1 %fc % f c
Accounting Information Systems and Firm Value %fc %fc %fc %fc %fc
1) Accounting and Finance is a primary activity in the value
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chain. ANSWER: FALSE
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Diff: 1
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Topic: The Value Chain and Accounting Information Systems
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Learning Objective: 01-04 Describe how business processes affect the firm's value
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chain. Bloom's: Remember
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AACSB: Reflective Thinking
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AICPA: BB Industry; FN Decision Making
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2) Accounting Information Systems at this date are all
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computerized. ANSWER: FALSE
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Diff: 1
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Topic: Data versus Information
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Learning Objective: 01-02 Distinguish among data, information, and an information
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system. Bloom's: Remember
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AACSB: Reflective Thinking
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AICPA: BB Industry; FN Decision Making
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3) Business value includes all those items, events and interactions that determine the financial
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health and well-being of the firm.
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ANSWER: TRUE % f c
Diff: 1
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Topic: The Value Chain and Accounting Information Systems
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Learning Objective: 01-04 Describe how business processes affect the firm's value
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chain. Bloom's: Remember
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AACSB: Reflective Thinking
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AICPA: BB Industry; FN Decision Making
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4) The Certified Information Technology Professional (CITP) is a professional designation for
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those with a broad range of technology knowledge and does not require a CPA.
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ANSWER: FALSE % f c
Diff: 1
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Topic: Role of Accountants in Accounting Information Systems
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Learning Objective: 01-03 Distinguish the roles of accountants in providing information, and explain
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certifications related to accounting information systems.
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Bloom's: Remember % f c
AACSB: Reflective
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Thinking
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AICPA: BB Industry; FN Decision Making
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5) The Certified Information Systems Auditor (CISA) is a professional designation generally
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sought by those performing IT audits.
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ANSWER: TRUE % f c
Diff: 1
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Topic: Role of Accountants in Accounting Information Systems
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Learning Objective: 01-03 Distinguish the roles of accountants in providing information, and explain
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certifications related to accounting information systems.
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,Bloom's: Remember
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AACSB: Reflective
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Thinking
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AICPA: BB Industry; FN Decision Making
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, 6) Information is defined as being data organized in a meaningful way that is useful to the user.
ANSWER: TRUE
Diff: 1
Topic: Data versus Information
Learning Objective: 01-02 Distinguish among data, information, and an information system.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making
7) Data is defined as being information organized in a meaningful way that is useful to the user.
ANSWER: FALSE
Diff: 1
Topic: Data versus Information
Learning Objective: 01-02 Distinguish among data, information, and an information system.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making
8) A systems analyst analyzes a business problem that might be addressed by an information system
and recommends software or systems to address that problem.
ANSWER: TRUE
Diff: 1
Topic: The Value Chain and Accounting Information Systems
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making
9) A value chain is defined as the flow of materials, information, payments, and services from
customer to supplier.
ANSWER: FALSE
Diff: 1
Topic: The Value Chain and Accounting Information Systems
Learning Objective: 01-04 Describe how business processes affect the firm's value chain.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making
10) Relevant information is that information that is free from bias and error.
ANSWER: FALSE
Diff: 1
Topic: Definition of Accounting Information Systems; Attributes of Useful Information
Learning Objective: 01-01 Define an accounting information system, and explain characteristics of useful information.
Bloom's: Remember
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making
