Test Bank for Accounting Information Systems

Test Bank for Accounting Information Systems Chapter 1: Systems fundamentals – Introduction Multiple-choice questions 1. The role of the accountant has changed in recent times because: a. professional bodies have sought to redefine and reposition the accounting function. *b. computer systems have emerged to handle the classification and recording tasks traditionally associated with the accounting function. c. the accounting cycle is too complex and involved to be performed solely by the accountant. d. knowledge workers have increasingly replaced accountants in the performance of recording and classification tasks. Correct answer: b Learning objective 1.1 – critically evaluate accounting practices, reflecting on how accounting information systems enrich and extend the role of the accountant. 2. As computer systems have been developed to perform the recording and classification tasks associated with business activities, the nature of accounting and the work of the accountant have also been pushed in a new direction. Increasingly, the role of the accountant is seen to be to: a. use computer programs rather than manual journals. b. ensure that businesses invest in new software. *c. add value and provide and interpret information for an organisation. d. outsource accounting work to bookkeepers. Correct answer: c Learning objective 1.1 – critically evaluate accounting practices, reflecting on how accounting information systems enrich and extend the role of the accountant. 3. The ICAA requires that its members should bring their analytic expertise to several fields. Which one of the following is NOT specified by the ICAA? a. Strategic planning and change management. b. Market analysis and compliance. c. The use of information technology. *d. Human resource management. Correct answer: d Learning objective 1.1 – critically evaluate accounting practices, reflecting on how accounting information systems enrich and extend the role of the accountant. Testbank to accompany: Accounting information systems 5e by Parkes et al. 1.2 4. What does ERP stand for? *a. Enterprise Resource Planning. b. Enterprise Resource Package. c. Electronic Resource Planning. d. Electronic Resource Package. Correct answer: a Learning objective 1.1 – critically evaluate accounting practices, reflecting on how accounting information systems enrich and extend the role of the accountant. 5. Which of the following statements is NOT a major reason of why accountants of the twenty-first century must be comfortable with information systems concepts? a. Computer systems are playing an increasing part in the management and functioning of the organisation. b. Accountants are increasingly exposed to and working with technology and information systems. c. Accountants need to know how computers manage knowledge and its data resources. *d. Accountants need to lead and oversee the design of an accounting information system. Correct answer: d Learning objective 1.1 – critically evaluate accounting practices, reflecting on how accounting information systems enrich and extend the role of the accountant.