Instructor’s Solutions Manual for Accounting Information Systems 15th Edition by Marshall B Romney, Paul J. Steinbart, Scott L. Summers, David A. Wood 2024 / All Chapters A+

Accounting Information Systems
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nstructor’ nstructor’s Solutions
ManualSS
Accounting Information
Systems
15th Edition


nstructor’ nstructor’s Solutions
ManualSS
Accounting Information
Systems
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Copyright (c) 2021 Pearson Education, Inc.
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, Accounting Information Systems
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15th Edition



Marshall B. Romney VG VG




Professor Emeritus, Brigham Young University
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Paul John Steinbart
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Professor Emeritus, Arizona State University
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Scott L. Summers
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Brigham Young University
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David A. Wood VG VG




Brigham Young University
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, Accounting Information Systems VG VG




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, Accounting Information Systems VG VG




chapter 1 VG




accountinginformationsystems VG V
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: An overview
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Suggested Answers to Discussion Questions
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1.1 The value of information is the difference between the benef
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its realized from using that information and the costs of pro
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ducing it. Would you, or any organization,ever produce inf
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ormation if its expected costs exceededits benefits? If so, p
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rovide some examples. If not, why?VG VG VG VG VG




Most organizations produce information only if its valueexce
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eds its cost. However, there are two situations where inform
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ation may be produced even if its cost exceeds its value.
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a. It is often difficult to estimate accurately the value o
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f information and the cost of producing it. Therefore, o
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rganizations may produce information that they expect w VG VG VG VG VG VG VG




ill produce benefits in excess ofits costs, only to be dis
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appointed after the fact. VG VG VG




b. Production of the information may be mandated by either a VG VG VG VG VG VG VG VG VG




government agency or a private organization. Examples i
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nclude the tax reports required by the IRS and disclosureVG VG VG VG VG VG VG VG VG




requirements forfinancial reporting.
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1.2 Can the characteristics of useful information listed inTabl
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e 1-
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1 be met simultaneously? Or does achieving onemean sacrifici
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ng another?
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Several of the criteria in Table 1.1 can be met simultaneously
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. For example, more timely information is
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