AIS EXAM Ch 1-5 Richardson
1. 1 An accounting information system is defined as <answer> a system
that records, processes, summarizes and reports on business transactions to
provide financial and nonfinancial information to facilitate decision making
2. 2.Benefits of enterprise system or enterprise resource planning
<answer> a central- ized database that collects data from throughout the firm
Can significantly lower the cost of support processes included in sales, general and
admin expenses
3. 3. As business analysts and info providers, accountants understand what
data is needed to solve a problem and are, thus, in a unique position to serve
as a of accounting information systems <answer> designer
4. Certified Information Systems Auditor (CISA) <answer> professionals in IT
audit, con- trol, and security skills
(will perform IT audits to evaluate the accounting info system's internal control
design)
5. Information <answer> data organized in a meaningful way to be useful to the
user
6. data <answer> raw facts that describe the characteristics of an event that, in
isolation, have little meaning
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,7. Discretionary Information <answer> information that is generated according to
one's own judgement
8. Managerial accounting information (activity based costing) is generally
produced for internal information purposes and would be considered
<answer> discre- tionary information
9. Mandatory Information <answer> information that is required to be generated
or provided by law or regulation
(usually produced at the lowest possible cost to comply with the laws and regulators)
10. a corporate tax return and information produced for investors, banks, the
SEC and the IRS would be considered to be <answer> mandatory info
11. because discretionary info is not required, <answer> management must
determine if the benefits of receiving that info are greater than the costs of
producing it
12. Storage <answer> recorded transactions that are saved in the cloud
13. input <answer> sales recorded in a cash register or point of sale terminal
14. output <answer> a monthly sales report produced by an IS
15. information from an AIS must be <answer> relevant, and reliable to be useful
to decision makers
16. information value chain <answer> overall transformation from a
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, business need and business event to the collection of data and info to an
ultimate decision
17. when auditors assess the internal controls in an AIS as part of the Sar-
banes-Oxley Act, they are serving in their role as <answer> evaluators of
the system
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1. 1 An accounting information system is defined as <answer> a system
that records, processes, summarizes and reports on business transactions to
provide financial and nonfinancial information to facilitate decision making
2. 2.Benefits of enterprise system or enterprise resource planning
<answer> a central- ized database that collects data from throughout the firm
Can significantly lower the cost of support processes included in sales, general and
admin expenses
3. 3. As business analysts and info providers, accountants understand what
data is needed to solve a problem and are, thus, in a unique position to serve
as a of accounting information systems <answer> designer
4. Certified Information Systems Auditor (CISA) <answer> professionals in IT
audit, con- trol, and security skills
(will perform IT audits to evaluate the accounting info system's internal control
design)
5. Information <answer> data organized in a meaningful way to be useful to the
user
6. data <answer> raw facts that describe the characteristics of an event that, in
isolation, have little meaning
1/
18
,7. Discretionary Information <answer> information that is generated according to
one's own judgement
8. Managerial accounting information (activity based costing) is generally
produced for internal information purposes and would be considered
<answer> discre- tionary information
9. Mandatory Information <answer> information that is required to be generated
or provided by law or regulation
(usually produced at the lowest possible cost to comply with the laws and regulators)
10. a corporate tax return and information produced for investors, banks, the
SEC and the IRS would be considered to be <answer> mandatory info
11. because discretionary info is not required, <answer> management must
determine if the benefits of receiving that info are greater than the costs of
producing it
12. Storage <answer> recorded transactions that are saved in the cloud
13. input <answer> sales recorded in a cash register or point of sale terminal
14. output <answer> a monthly sales report produced by an IS
15. information from an AIS must be <answer> relevant, and reliable to be useful
to decision makers
16. information value chain <answer> overall transformation from a
2/
18
, business need and business event to the collection of data and info to an
ultimate decision
17. when auditors assess the internal controls in an AIS as part of the Sar-
banes-Oxley Act, they are serving in their role as <answer> evaluators of
the system
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18
