TEST BANK FOR ACCOUNTING INFORMATION SYSTEMS 2ND EDITION VERNON RICHARDSON, CHENGYEE CHANG, ROD SMITH

TEST BANK FOR ACCOUNTING INFORMATION SYSTEMS 2ND EDITION VERNON RICHARDSON, CHENGYEE CHANG, ROD SMITH Chapter 02 Accountants as Business Analysts Answer Key True / False Answers 1. Accountants now face a challenge of helping businesses optimize processes. Answer: True AICPA: Analytic AICPA BB: Leveraging Technology AICPA FN: Leveraging Technology Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-01 Describe the roles of the accounting/finance function in business and why those roles require knowledge of technology and business processes Source: Original Topic: Changing Roles of Accountants in Business 2. To be valuable business partners, accountants must understand how the business delivers value to its employees. Answer: False AICPA: Analytic AICPA BB: Leveraging Technology AICPA FN: Leveraging Technology Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-01 Describe the roles of the accounting/finance function in business and why those roles require knowledge of technology and business processes Source: Original Topic: Changing Roles of Accountants in Business 3. A business process constrains business rules. Answer: False AICPA: Analytic AICPA BB: Leveraging Technology AICPA FN: Leveraging Technology Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-03 Recognize the value of business models Source: Original Topic: Value of Business Models 4. A business model is typically a graphical depiction of the essential business process information. Answer: True AICPA: Analytic AICPA BB: Leveraging Technology AICPA FN: Leveraging Technology Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-03 Recognize the value of business models