Test Bank for Accounting Information Systems 1st Edition by Arline Savage – A+ Exam Prep

Test Bank for Accounting Info Edition by Arline
A. Savage




TEST BANK FOR ACCOUNTING
INFORMATION SYSTEM
1ST EDITION BY ARLINE SAVAGE A+

, Chapter 01: Accounting as Information
1) Accounting communicates to stakeholders
A) minimally required public financial data.
B) the financial outcomes of operating, investing, and
financing activities.
C) the sales strategy for the operating, marketing, and
sales activities.
D) black and white details about the economics o
operating activities. Answer: B
Diff: 1
Learning Objective: 1.1 Explain how

,accounting affects both the demand for and
supply of information.
Section Reference: Why is Accounting
Information Important? AACSB:
Communication Bloom's: Comprehension
AICPA: AC: Reporting

2) Accounting communicates the financial outcome
of a business's activities for
A) operating.
B) investing.
C) financing.
D) All of these answer choices are correct. Answer: D
Diff: 1
Learning Objective: 1.1 Explain how
accounting affects both the demand for and
supply of information.
Section Reference: Why is Accounting
Information Important? AACSB:
Communication Bloom's: Comprehension

, AICPA: AC: Reporting

3) In what way do management teams use accounting
data?
A) Management teams use accounting data to make
business decisions.
B) Management teams use accounting data to make
and execute plans.
C) Management teams use economic and accounting
data together to make decisions.

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