TEST BANK For Accounting Information Systems, 4th Edition by Vernon Richardson, Verified Chapters 1 - 17, Complete

Chapter 1: Accounting Information Systems and Firm Value Chapter 2: Data Analytics: Addressing Accounting Questions with Data Chapter 3: Data Analytics: Data Visualizations Chapter 4: Process Modeling and Documentation Tools Chapter 5: Data Modeling and Control Concepts Chapter 6: Relational Databases and Enterprise Systems Chapter 7: Sales and Collections Business Process Chapter 8: Purchases and Payments Business Process Chapter 9: Conversion Business Process Chapter 10: Integrated Project Chapter 11: Accounting Information Systems and Internal Controls Chapter 12: Cybersecurity and Computer Fraud Chapter 13: Monitoring and Auditing AIS Chapter 14: eXtensible Business Reporting Language (XBRL) Chapter 15: Emerging Technologies: Blockchain and AI Automation Chapter 16: The Balanced Scorecard and Business Value of Information Technology Chapter 17: Justifying and Planning IT Initiatives Using Project Management Techniques ACCOUNTING INFORMATION SYSTEMS (RICHARDSON) Page 1 Chapter 1 Accounting Information Systems and Firm Value 1) Accounting and Finance is a primary activity in the value chain. 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 2) Accounting Information Systems at this date are all computerized. ANSWER: FALSE Diff: 1 Topic: Data versusInformation Learning Objective: 01-02 Distinguish among data, information, and an information system. Bloom's: Remember AACSB: Reflective Thinking AICPA: BB Industry; FN Decision Making 3) Business value includes all those items, events and interactions that determine the financial health and well-being of the firm. 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 4) The Certified Information Technology Professional (CITP) is a professional designation for those with a broad range of technology knowledge and does not require a CPA. ANSWER: FALSE Diff: 1 Topic: Role of Accountantsin Accounting Information Systems Learning Objective: 01-03 Distinguish the roles of accountants in providing information, and explain certifications related to accounting information systems. Bloom's: Remember AACSB: Reflective Thinking AICPA: BB Industry; FN Decision Making 5) The Certified Information Systems Auditor (CISA) is a professional designation generally sought by those performing IT audits. ANSWER: TRUE Diff: 1 Topic: Role of Accountantsin Accounting Information Systems Learning Objective: 01-03 Distinguish the roles of accountants in providing information, and explain certifications related to accounting information systems. ACCOUNTING INFORMATION SYSTEMS (RICHARDSON) Page 2 Bloom's: Remember AACSB: Reflective Thinking AICPA: BB Industry; FN Decision Making ACCOUNTING INFORMATION SYSTEMS (RICHARDSON) Page 3 6) Information is defined as being data organized in a meaningful way that is useful to the user. ANSWER: TRUE Diff: 1 Topic: Data versusInformation 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 versusInformation 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