Accounting Information Systems: An Introduction
v v v v
Answer Key v
True / False Questions
v v v
1. AccountingvandvFinancevisvavprimaryvactivityvinvthevvaluevchain.
Answer: FALSE
AACSB:vReflectivevThinkin
gvAICPAvBB:vIndust
ry
AICPAvFN:vDecisionvMakin
gvBlooms:vRememb
ervDifficulty:v1vEasy
LearningvObjective:v01-04vDescribevhowvbusinessvprocessesvaffectvthevfirm’svvaluevchain.
Topic:vThevValuevChainvandvAccountingvInformationvSystems
2. AccountingvInformationvSystemsvatvthisvdatevarevallvcomputerized.
Answer:vvv FALSE
AACSB:vReflectivevThinkin
gvAICPAvBB:vIndust
ry
AICPAvFN:vDecisionvMakin
gvBlooms:vRememb
ervDifficulty:v1vEasy
LearningvObjective:v01-02vDistinguishvbetweenvdata,vinformationvandvanvinformationvsystem.
Topic:vDatavversusvInformation
3. Businessvvaluevincludesvallvthosevitems,veventsvandvinteractionsvthatvdeterminevthevfinancialvhealthvandv
well-beingvofvthevfirm.
Answer:vvv TRUE
AACSB:vReflectivevThinkin
gvAICPAvBB:vIndust
ry
AICPAvFN:vDecisionvMakin
gvBlooms:vRememb
ervDifficulty:v1vEasy
LearningvObjective:v01-04vDescribevhowvbusinessvprocessesvaffectvthevfirm’svvaluevchain.
Topic:vThevValuevChainvandvAccountingvInformationvSystems
4. ThevCertifiedvInformationvTechnologyvProfessionalv(CITP)visvavprofessionalvdesignationvforvthosevwithvav
broadvrangevofvtechnologyvknowledgevandvdoesvnotvrequirevavCPA.
Answer: FALSE
AACSB:vReflectivevThinkin
gvAICPAvBB:vIndust
ry
AICPAvFN:vDecisionvMakin
gvBlooms:vRememb
ervDifficulty:v1vEasy
LearningvObjective:v01-03vDistinguishvthevrolesvofvaccountantsvinvprovidingvinformationvandvexplainvcertificationsvrelatedvtovaccountingvinformation
systems
vTopic:vRolevofvAccountantsvinvAccountingvInformationvSystem
s
©v2014vbyvMcGraw-
HillvEducation.vThisvisvproprietaryvmaterialvsolelyvforvauthorizedvinstructorvuse.vNotvauthorizedvforvsalevorvdistributionvinvanyvmanner.
Thisvdocumentvmayvnotvbevcopied,vscanned,vduplicated,vforwarded,vdistributed,vorvpostedvonvavwebsite,vinvwholevorvpart.
,5. ThevCertifiedvInformationvSystemsvAuditorv(CISA)visvavprofessionalvdesignationvgenerallyvsoughtvbyvthosev
performingvITvaudits.
Answer:vvv TRUE
AACSB:vReflectivevThinkin
gvAICPAvBB:vIndust
ry
AICPAvFN:vDecisionvMakin
gvBlooms:vRememb
ervDifficulty:v1vEasy
LearningvObjective:v01-03vDistinguishvthevrolesvofvaccountantsvinvprovidingvinformationvandvexplainvcertificationsvrelatedvtovaccountingvinformation
systems
vTopic:vRolevofvAccountantsvinvAccountingvInformationvSystem
s
©v2014vbyvMcGraw-
HillvEducation.vThisvisvproprietaryvmaterialvsolelyvforvauthorizedvinstructorvuse.vNotvauthorizedvforvsalevorvdistributionvinvanyvmanner.
Thisvdocumentvmayvnotvbevcopied,vscanned,vduplicated,vforwarded,vdistributed,vorvpostedvonvavwebsite,vinvwholevorvpart.
, 6. Informationvisvdefinedvasvbeingvdatavorganizedvinvavmeaningfulvwayvthatvisvusefulvtovthevuser.
Answer:vvv TRUE
AACSB:vReflectivevThinkin
gvAICPAvBB:vIndust
ry
AICPAvFN:vDecisionvMakin
gvBlooms:vRememb
ervDifficulty:v1vEasy
LearningvObjective:v01-02vDistinguishvbetweenvdata,vinformationvandvanvinformationvsystem.
Topic:vDatavversusvInformation
©v2014vbyvMcGraw-
HillvEducation.vThisvisvproprietaryvmaterialvsolelyvforvauthorizedvinstructorvuse.vNotvauthorizedvforvsalevorvdistributionvinvanyvmanner.
Thisvdocumentvmayvnotvbevcopied,vscanned,vduplicated,vforwarded,vdistributed,vorvpostedvonvavwebsite,vinvwholevorvpart.