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Solution Manual for Accounting Information Systems, 4th
Edition by Vernon Richardson, Chengyee Chang, Rod Smith
All Chapters included
,
,Chapter 1: Accounting Information Systems and Firm Value
Multiple Choice Questions
1. (LO 1-1) Accounting information systems
a. are always computerized.
b. report only financially related information.
c. are information systems that record, process, and report on transactions to provide
financial and nonfinancial information for decision making and control.
d. require a CITP designation to understand.
Answer: C
2. (LO 1-1) Which of the following is a characteristic of relevance?
a. Materiality
b. Timeliness
c. Verifiable
d. Cost to
generate Answer: A
3. (LO 1-2) Which of the following is considered to be mandatory information required by a
regulatory body?
a. 10-Q submission to the Securities and Exchange Commission
b. The cost to produce a Samsung Galaxy
c. The number of organic bananas that are sold at Whole Foods on July 28
d. The cost to build an all-new Starbucks restaurant in Shenzhen,
China Answer: A
4. (LO 1-4) The correct order of events in the value chain is
a. Inbound logistics ➛ Operations ➛ Service.
b. Inbound logistics ➛ Outbound logistics ➛ Marketing and sales.
c. Inbound logistics ➛ Operations ➛ Outbound logistics.
d. Inbound logistics ➛ Operations ➛ Marketing and Sales.
Answer: C
5. (LO 1-8) Which system contributes information on direct labor to a cost accounting system?
, a. Supply chain management system (SCMS)
b. Financial reporting system (FRS)
c. Customer Relational Management System (CRM)
d. Human resourcemanagement system
(HRMS) Answer: D
6. (LO 1-7) A supply chain
a. supplies jewelry chains.
b. refers to the flow of materials, information, payments, and services.
c. is similar in function and purpose to the value chain.
d. does not apply to a service firm like an accounting firm.
Answer: B
7. (LO 1-7) Customer relationship management software does not include information
about
a. current customers.
b. prospective customers.
c. former customers.
d. current employees.
Answer: D
8. (LO 1-6) An information system that measures and records accounting transactions
and reports them in the financial statements is called a
a. financial reporting system (FRS).
b. enterprise system (ES).
c. manufacturing system (MS).
d. cost accounting system.
Answer: A
9. (LO 1-3) What is the name of the position for a person responsible for determining
Information needs of a business and designing a system to meet those needs?
a. Chief information officer
b. Controller
c. IT auditor
d. Systems
analyst Answer: D
Solution Manual for Accounting Information Systems, 4th
Edition by Vernon Richardson, Chengyee Chang, Rod Smith
All Chapters included
,
,Chapter 1: Accounting Information Systems and Firm Value
Multiple Choice Questions
1. (LO 1-1) Accounting information systems
a. are always computerized.
b. report only financially related information.
c. are information systems that record, process, and report on transactions to provide
financial and nonfinancial information for decision making and control.
d. require a CITP designation to understand.
Answer: C
2. (LO 1-1) Which of the following is a characteristic of relevance?
a. Materiality
b. Timeliness
c. Verifiable
d. Cost to
generate Answer: A
3. (LO 1-2) Which of the following is considered to be mandatory information required by a
regulatory body?
a. 10-Q submission to the Securities and Exchange Commission
b. The cost to produce a Samsung Galaxy
c. The number of organic bananas that are sold at Whole Foods on July 28
d. The cost to build an all-new Starbucks restaurant in Shenzhen,
China Answer: A
4. (LO 1-4) The correct order of events in the value chain is
a. Inbound logistics ➛ Operations ➛ Service.
b. Inbound logistics ➛ Outbound logistics ➛ Marketing and sales.
c. Inbound logistics ➛ Operations ➛ Outbound logistics.
d. Inbound logistics ➛ Operations ➛ Marketing and Sales.
Answer: C
5. (LO 1-8) Which system contributes information on direct labor to a cost accounting system?
, a. Supply chain management system (SCMS)
b. Financial reporting system (FRS)
c. Customer Relational Management System (CRM)
d. Human resourcemanagement system
(HRMS) Answer: D
6. (LO 1-7) A supply chain
a. supplies jewelry chains.
b. refers to the flow of materials, information, payments, and services.
c. is similar in function and purpose to the value chain.
d. does not apply to a service firm like an accounting firm.
Answer: B
7. (LO 1-7) Customer relationship management software does not include information
about
a. current customers.
b. prospective customers.
c. former customers.
d. current employees.
Answer: D
8. (LO 1-6) An information system that measures and records accounting transactions
and reports them in the financial statements is called a
a. financial reporting system (FRS).
b. enterprise system (ES).
c. manufacturing system (MS).
d. cost accounting system.
Answer: A
9. (LO 1-3) What is the name of the position for a person responsible for determining
Information needs of a business and designing a system to meet those needs?
a. Chief information officer
b. Controller
c. IT auditor
d. Systems
analyst Answer: D
