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
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
, ACCOUNTING INFORMATION SYSTEMS (RICHARDSON)
2) Accounting Information Systems at this date are all computerized.
ANSWER: FALSE
Diff: 1
Topic: Data versus Information
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 Accountants in 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 Accountants in 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
6) Information is defined as being data organized in a meaningful way that is useful to the user.
ANSWER: TRUE
Diff: 1
Topic: Data versus Information
Learning Objective: 01-02 Distinguish among data, information, and an
information system. Bloom's: Remember
Page 2
, ACCOUNTING INFORMATION SYSTEMS (RICHARDSON)
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making
7) Data is vdefined vas vbeing vinformation vorganized vin va vmeaningful vway vthat vis vuseful vto
vthe vuser. vANSWER: v FALSE
Diff: v1
Topic: v Data vversus vInformation
Learning vObjective: v 01-02 vDistinguish vamong vdata, vinformation, vand van
vinformation vsystem. vBloom's: v Remember
AACSB: v Reflective vThinking
AICPA: v BB vIndustry; vFN vDecision vMaking
8) A vsystems vanalyst vanalyzes va vbusiness vproblem vthat vmight vbe vaddressed vby van vinformation
vsystem vand vrecommends vsoftware vor vsystems vto vaddress vthat vproblem.
ANSWER: v TRUE
Diff: v1
Topic: v The vValue vChain vand vAccounting vInformation vSystems
Learning vObjective: v 01-04 vDescribe vhow vbusiness vprocesses vaffect vthe
vfirm's vvalue vchain. vBloom's: v Remember
AACSB: v Reflective vThinking
AICPA: v BB vIndustry; vFN vDecision vMaking
9) A vvalue vchain vis vdefined vas vthe vflow vof vmaterials, vinformation, vpayments, vand
vservices vfrom vcustomer vto vsupplier.
ANSWER: v FALSE
Diff: v1
Topic: v The vValue vChain vand vAccounting vInformation vSystems
Learning vObjective: v 01-04 vDescribe vhow vbusiness vprocesses vaffect vthe
vfirm's vvalue vchain. vBloom's: v Remember
AACSB: v Reflective vThinking
AICPA: v BB vIndustry; vFN vDecision vMaking
10) Relevant vinformation vis vthat vinformation vthat vis vfree vfrom vbias vand
verror. vANSWER: v FALSE
Diff: v1
Topic: v Definition vof vAccounting vInformation vSystems; vAttributes vof vUseful vInformation
Learning vObjective: v 01-01 vDefine van vaccounting vinformation vsystem, vand vexplain vcharacteristics
vof vuseful vinformation. vBloom's: v Remember
AACSB: v Reflective vThinking
AICPA: v BB vIndustry; vFN vDecision vMaking
11) The vcharacteristics vof vrelevant vinformation vinclude vpredictive vvalue, vfeedback vvalue vand
vtimeliness. vANSWER: v TRUE
Diff: v1
Topic: v Definition vof vAccounting vInformation vSystems; vAttributes vof vUseful vInformation
Learning vObjective: v 01-01 vDefine van vaccounting vinformation vsystem, vand vexplain vcharacteristics
vof vuseful vinformation. vBloom's: v Remember
AACSB: v Reflective vThinking
AICPA: v BB vIndustry; vFN vDecision vMaking
Page 3
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
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
, ACCOUNTING INFORMATION SYSTEMS (RICHARDSON)
2) Accounting Information Systems at this date are all computerized.
ANSWER: FALSE
Diff: 1
Topic: Data versus Information
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 Accountants in 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 Accountants in 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
6) Information is defined as being data organized in a meaningful way that is useful to the user.
ANSWER: TRUE
Diff: 1
Topic: Data versus Information
Learning Objective: 01-02 Distinguish among data, information, and an
information system. Bloom's: Remember
Page 2
, ACCOUNTING INFORMATION SYSTEMS (RICHARDSON)
AACSB: Reflective Thinking
AICPA: BB Industry; FN Decision Making
7) Data is vdefined vas vbeing vinformation vorganized vin va vmeaningful vway vthat vis vuseful vto
vthe vuser. vANSWER: v FALSE
Diff: v1
Topic: v Data vversus vInformation
Learning vObjective: v 01-02 vDistinguish vamong vdata, vinformation, vand van
vinformation vsystem. vBloom's: v Remember
AACSB: v Reflective vThinking
AICPA: v BB vIndustry; vFN vDecision vMaking
8) A vsystems vanalyst vanalyzes va vbusiness vproblem vthat vmight vbe vaddressed vby van vinformation
vsystem vand vrecommends vsoftware vor vsystems vto vaddress vthat vproblem.
ANSWER: v TRUE
Diff: v1
Topic: v The vValue vChain vand vAccounting vInformation vSystems
Learning vObjective: v 01-04 vDescribe vhow vbusiness vprocesses vaffect vthe
vfirm's vvalue vchain. vBloom's: v Remember
AACSB: v Reflective vThinking
AICPA: v BB vIndustry; vFN vDecision vMaking
9) A vvalue vchain vis vdefined vas vthe vflow vof vmaterials, vinformation, vpayments, vand
vservices vfrom vcustomer vto vsupplier.
ANSWER: v FALSE
Diff: v1
Topic: v The vValue vChain vand vAccounting vInformation vSystems
Learning vObjective: v 01-04 vDescribe vhow vbusiness vprocesses vaffect vthe
vfirm's vvalue vchain. vBloom's: v Remember
AACSB: v Reflective vThinking
AICPA: v BB vIndustry; vFN vDecision vMaking
10) Relevant vinformation vis vthat vinformation vthat vis vfree vfrom vbias vand
verror. vANSWER: v FALSE
Diff: v1
Topic: v Definition vof vAccounting vInformation vSystems; vAttributes vof vUseful vInformation
Learning vObjective: v 01-01 vDefine van vaccounting vinformation vsystem, vand vexplain vcharacteristics
vof vuseful vinformation. vBloom's: v Remember
AACSB: v Reflective vThinking
AICPA: v BB vIndustry; vFN vDecision vMaking
11) The vcharacteristics vof vrelevant vinformation vinclude vpredictive vvalue, vfeedback vvalue vand
vtimeliness. vANSWER: v TRUE
Diff: v1
Topic: v Definition vof vAccounting vInformation vSystems; vAttributes vof vUseful vInformation
Learning vObjective: v 01-01 vDefine van vaccounting vinformation vsystem, vand vexplain vcharacteristics
vof vuseful vinformation. vBloom's: v Remember
AACSB: v Reflective vThinking
AICPA: v BB vIndustry; vFN vDecision vMaking
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