TEST BANK COMPLETE_
ACCOUNTING INFORMATION SYSTEMS 3RD
EDITION, (2020)
BY VERNON RICHARDSON, CHENGYEE JANIE CHANG & ROD E.
SMITH
ALL CHAPTERS 1-18| 5 UNITS| LATEST VERSION WITH VERIFIED
ANSWERS| RATED A+
,PART ONE: AIS AND THE BUSINESS _______________________________________________ 3
CHAPTER 1: ACCOUNTING INFORMATION SYSTEMS AND FIRM VALUE _______________________ 3
CHAPTER 2: ACCOUNTANTS AS BUSINESS ANALYSTS _____________________________________ 42
CHAPTER 3: DATA MODELING _______________________________________________________ 68
CHAPTER 4: RELATIONAL DATABASES AND ENTERPRISE SYSTEMS __________________________ 96
PART TWO: BUSINESS PROCESSES ______________________________________________ 126
CHAPTER 5: SALES AND COLLECTIONS BUSINESS PROCESS _______________________________ 126
CHAPTER 6: PURCHASES AND PAYMENTS BUSINESS PROCESS ____________________________ 151
CHAPTER 7: CONVERSION BUSINESS PROCESS _________________________________________ 189
CHAPTER 8: INTEGRATED PROJECT __________________________________________________ 217
CHAPTER 9: REPORTING PROCESSES AND EXTENSIBLE BUSINESS REPORTING LANGUAGE (XBRL) 229
PART THREE: DATA ANALYTICS AND EMERGING TECHNOLOGIES IN AIS _______________ 254
CHAPTER 10: DATA ANALYTICS IN ACCOUNTING: CONCEPTS AND THE AMPS MODEL _________ 254
CHAPTER 11: DATA ANALYTICS IN ACCOUNTING: TOOLS AND PRACTICE ____________________ 270
CHAPTER 12: EMERGING TECHNOLOGIES: BLOCKCHAIN AND AI AUTOMATION ______________ 284
PART FOUR: MANAGING AND EVALUATING AIS __________________________________ 301
CHAPTER 13: ACCOUNTING INFORMATION SYSTEMS AND INTERNAL CONTROLS _____________ 301
CHAPTER 14: INFORMATION SECURITY AND COMPUTER FRAUD __________________________ 329
CHAPTER 15: MONITORING AND AUDITING AIS ________________________________________ 355
PART FIVE: OPTIONAL AIS TOPICS ______________________________________________ 387
CHAPTER 16:THE BALANCED SCORECARD, BUSINESS MODEL CANVAS, AND BUSINESS VALUE OF
INFORMATION TECHNOLOGY ______________________________________________________ 387
CHAPTER 17: EVALUATING AIS INVESTMENTS _________________________________________ 409
CHAPTER 18: SYSTEMS DEVELOPMENT AND PROJECT MANAGEMENT FOR AIS _______________ 426
,PART ONE: AIS AND THE BUSINESS
CHAPTER 1: ACCOUNTING INFORMATION SYSTEMS AND FIRM VALUE
VERNON RICHARDSON: ACCOUNTING INFORMATION SYSTEMS 3RD EDITION, (2020) TEST BANK
1) AFTER A COLLEGE FOOTBALL GAME, A BOX SCORE IS PRODUCED
DETAILING THE NUMBER OF YARDS PASSING AND RUNNING, RECEPTIONS
MADE AND THE NUMBER OF INTERCEPTIONS AND FUMBLES LOST (AMONG
OTHER STATISTICS). USING THE CHARACTERISTICS OF USEFUL
INFORMATION (INCLUDING RELEVANCE AND RELIABILITY), PLEASE
EXPLAIN HOW THIS BOX SCORE MEETS (OR DOES NOT MEET) THE
CHARACTERISTICS OF USEFUL INFORMATION. HOW WOULD THE
FOOTBALL COACH USE THIS INFORMATION TO PREPARE FOR THE NEXT
GAME, DECIDE WHICH PLAYERS TO START, ETC.?
(ANSWER MAY VARY)
ANSWER:> THE BOX SCORE IS RELEVANT AND RELIABLE AS IT PROVIDES
DETAILED STATISTICS ABOUT INDIVIDUAL AND TEAM PERFORMANCES,
WHICH DIRECTLY INFLUENCE GAME OUTCOMES. IT IS RELEVANT
BECAUSE THE COACH CAN IDENTIFY KEY AREAS SUCH AS OFFENSIVE
EFFICIENCY (PASSING/RUNNING YARDS), DEFENSIVE PERFORMANCE
(INTERCEPTIONS), AND BALL SECURITY (FUMBLES LOST). IT'S RELIABLE IF
THE DATA IS ACCURATE AND CONSISTENTLY RECORDED. THIS HELPS THE
COACH ANALYZE THE STRENGTHS AND WEAKNESSES OF PLAYERS OR
STRATEGIES. FOR EXAMPLE, IF A QUARTERBACK THROWS MANY
INTERCEPTIONS, THE COACH MIGHT FOCUS ON IMPROVING DECISION-
MAKING. IF A RUNNING BACK HAS A HIGH NUMBER OF YARDS, THEY
MIGHT START THAT PLAYER AGAIN. THUS, THE COACH CAN USE THIS
INFORMATION TO ADJUST STRATEGIES AND PLAYER SELECTION FOR THE
NEXT GAME.
, 2) LIST AND EXPLAIN THREE WAYS THAT AIS AFFECTS THE INCOME
STATEMENT AND THE FIRM’S PROFITABILITY.
(ANSWER MAY VARY)
ANSWER:>
REVENUE RECOGNITION: AN ACCOUNTING INFORMATION SYSTEM (AIS)
ENSURES THAT SALES REVENUE IS ACCURATELY RECORDED, HELPING TO
RECOGNIZE REVENUE IN THE CORRECT PERIOD. THIS AFFECTS
PROFITABILITY BY ACCURATELY REFLECTING THE COMPANY’S INCOME.
EXPENSE TRACKING: AIS HELPS TRACK EXPENSES RELATED TO
PRODUCTION, LABOR, AND OVERHEAD, ENSURING THAT COSTS ARE
ACCURATELY CAPTURED. PROPER EXPENSE MANAGEMENT CAN HELP
IMPROVE PROFITABILITY BY IDENTIFYING AREAS FOR COST-CUTTING OR
INEFFICIENCIES.
INVENTORY MANAGEMENT: AIS ALLOWS FOR BETTER INVENTORY
TRACKING, WHICH HELPS IN AVOIDING OVERSTOCKING OR STOCKOUTS.
MANAGING INVENTORY EFFICIENTLY REDUCES WASTE, OPTIMIZES
WORKING CAPITAL, AND ULTIMATELY INCREASES PROFITABILITY.
3) SOME WOULD ARGUE THAT THE ROLE OF ACCOUNTING IS SIMPLY AS
AN INFORMATION PROVIDER. OTHERS SUGGEST THAT ACCOUNTANTS
SERVE THE ROLE OF BUSINESS ANALYST. WHICH ROLE PRODUCES MORE
VALUE FOR A COMPANY LIKE STARBUCKS? IN THE AREA OF ACCOUNTING
INFORMATION SYSTEMS, WHAT SPECIFICALLY CAN THE ACCOUNTANT DO
TO SERVE AS A BUSINESS ANALYST TO HELP ADDRESS BUSINESS
OPPORTUNITIES?
(ANSWER MAY VARY)
ACCOUNTING INFORMATION SYSTEMS 3RD
EDITION, (2020)
BY VERNON RICHARDSON, CHENGYEE JANIE CHANG & ROD E.
SMITH
ALL CHAPTERS 1-18| 5 UNITS| LATEST VERSION WITH VERIFIED
ANSWERS| RATED A+
,PART ONE: AIS AND THE BUSINESS _______________________________________________ 3
CHAPTER 1: ACCOUNTING INFORMATION SYSTEMS AND FIRM VALUE _______________________ 3
CHAPTER 2: ACCOUNTANTS AS BUSINESS ANALYSTS _____________________________________ 42
CHAPTER 3: DATA MODELING _______________________________________________________ 68
CHAPTER 4: RELATIONAL DATABASES AND ENTERPRISE SYSTEMS __________________________ 96
PART TWO: BUSINESS PROCESSES ______________________________________________ 126
CHAPTER 5: SALES AND COLLECTIONS BUSINESS PROCESS _______________________________ 126
CHAPTER 6: PURCHASES AND PAYMENTS BUSINESS PROCESS ____________________________ 151
CHAPTER 7: CONVERSION BUSINESS PROCESS _________________________________________ 189
CHAPTER 8: INTEGRATED PROJECT __________________________________________________ 217
CHAPTER 9: REPORTING PROCESSES AND EXTENSIBLE BUSINESS REPORTING LANGUAGE (XBRL) 229
PART THREE: DATA ANALYTICS AND EMERGING TECHNOLOGIES IN AIS _______________ 254
CHAPTER 10: DATA ANALYTICS IN ACCOUNTING: CONCEPTS AND THE AMPS MODEL _________ 254
CHAPTER 11: DATA ANALYTICS IN ACCOUNTING: TOOLS AND PRACTICE ____________________ 270
CHAPTER 12: EMERGING TECHNOLOGIES: BLOCKCHAIN AND AI AUTOMATION ______________ 284
PART FOUR: MANAGING AND EVALUATING AIS __________________________________ 301
CHAPTER 13: ACCOUNTING INFORMATION SYSTEMS AND INTERNAL CONTROLS _____________ 301
CHAPTER 14: INFORMATION SECURITY AND COMPUTER FRAUD __________________________ 329
CHAPTER 15: MONITORING AND AUDITING AIS ________________________________________ 355
PART FIVE: OPTIONAL AIS TOPICS ______________________________________________ 387
CHAPTER 16:THE BALANCED SCORECARD, BUSINESS MODEL CANVAS, AND BUSINESS VALUE OF
INFORMATION TECHNOLOGY ______________________________________________________ 387
CHAPTER 17: EVALUATING AIS INVESTMENTS _________________________________________ 409
CHAPTER 18: SYSTEMS DEVELOPMENT AND PROJECT MANAGEMENT FOR AIS _______________ 426
,PART ONE: AIS AND THE BUSINESS
CHAPTER 1: ACCOUNTING INFORMATION SYSTEMS AND FIRM VALUE
VERNON RICHARDSON: ACCOUNTING INFORMATION SYSTEMS 3RD EDITION, (2020) TEST BANK
1) AFTER A COLLEGE FOOTBALL GAME, A BOX SCORE IS PRODUCED
DETAILING THE NUMBER OF YARDS PASSING AND RUNNING, RECEPTIONS
MADE AND THE NUMBER OF INTERCEPTIONS AND FUMBLES LOST (AMONG
OTHER STATISTICS). USING THE CHARACTERISTICS OF USEFUL
INFORMATION (INCLUDING RELEVANCE AND RELIABILITY), PLEASE
EXPLAIN HOW THIS BOX SCORE MEETS (OR DOES NOT MEET) THE
CHARACTERISTICS OF USEFUL INFORMATION. HOW WOULD THE
FOOTBALL COACH USE THIS INFORMATION TO PREPARE FOR THE NEXT
GAME, DECIDE WHICH PLAYERS TO START, ETC.?
(ANSWER MAY VARY)
ANSWER:> THE BOX SCORE IS RELEVANT AND RELIABLE AS IT PROVIDES
DETAILED STATISTICS ABOUT INDIVIDUAL AND TEAM PERFORMANCES,
WHICH DIRECTLY INFLUENCE GAME OUTCOMES. IT IS RELEVANT
BECAUSE THE COACH CAN IDENTIFY KEY AREAS SUCH AS OFFENSIVE
EFFICIENCY (PASSING/RUNNING YARDS), DEFENSIVE PERFORMANCE
(INTERCEPTIONS), AND BALL SECURITY (FUMBLES LOST). IT'S RELIABLE IF
THE DATA IS ACCURATE AND CONSISTENTLY RECORDED. THIS HELPS THE
COACH ANALYZE THE STRENGTHS AND WEAKNESSES OF PLAYERS OR
STRATEGIES. FOR EXAMPLE, IF A QUARTERBACK THROWS MANY
INTERCEPTIONS, THE COACH MIGHT FOCUS ON IMPROVING DECISION-
MAKING. IF A RUNNING BACK HAS A HIGH NUMBER OF YARDS, THEY
MIGHT START THAT PLAYER AGAIN. THUS, THE COACH CAN USE THIS
INFORMATION TO ADJUST STRATEGIES AND PLAYER SELECTION FOR THE
NEXT GAME.
, 2) LIST AND EXPLAIN THREE WAYS THAT AIS AFFECTS THE INCOME
STATEMENT AND THE FIRM’S PROFITABILITY.
(ANSWER MAY VARY)
ANSWER:>
REVENUE RECOGNITION: AN ACCOUNTING INFORMATION SYSTEM (AIS)
ENSURES THAT SALES REVENUE IS ACCURATELY RECORDED, HELPING TO
RECOGNIZE REVENUE IN THE CORRECT PERIOD. THIS AFFECTS
PROFITABILITY BY ACCURATELY REFLECTING THE COMPANY’S INCOME.
EXPENSE TRACKING: AIS HELPS TRACK EXPENSES RELATED TO
PRODUCTION, LABOR, AND OVERHEAD, ENSURING THAT COSTS ARE
ACCURATELY CAPTURED. PROPER EXPENSE MANAGEMENT CAN HELP
IMPROVE PROFITABILITY BY IDENTIFYING AREAS FOR COST-CUTTING OR
INEFFICIENCIES.
INVENTORY MANAGEMENT: AIS ALLOWS FOR BETTER INVENTORY
TRACKING, WHICH HELPS IN AVOIDING OVERSTOCKING OR STOCKOUTS.
MANAGING INVENTORY EFFICIENTLY REDUCES WASTE, OPTIMIZES
WORKING CAPITAL, AND ULTIMATELY INCREASES PROFITABILITY.
3) SOME WOULD ARGUE THAT THE ROLE OF ACCOUNTING IS SIMPLY AS
AN INFORMATION PROVIDER. OTHERS SUGGEST THAT ACCOUNTANTS
SERVE THE ROLE OF BUSINESS ANALYST. WHICH ROLE PRODUCES MORE
VALUE FOR A COMPANY LIKE STARBUCKS? IN THE AREA OF ACCOUNTING
INFORMATION SYSTEMS, WHAT SPECIFICALLY CAN THE ACCOUNTANT DO
TO SERVE AS A BUSINESS ANALYST TO HELP ADDRESS BUSINESS
OPPORTUNITIES?
(ANSWER MAY VARY)
