AIS EXAM 2025 With 100% Correct
Answers
Data - CORRECT ANSWER✔✔acts that are collected, recorded, stored, and processed by an
information system (input)
-Most useful when it is in machine-readable form
Information - CORRECT ANSWER✔✔data that have been organized and processed to provide
meaning and improve the decision-making process (output)
Value of information - CORRECT ANSWER✔✔the benefit provided by information less the cost
of producing it
transaction - CORRECT ANSWER✔✔an agreement between two entities to exchange goods or
services; any other event that can be measured in economic terms by an organization.
Business processes/Transaction cycle - CORRECT ANSWER✔✔-Revenue
-Expenditure
-Payroll
-Production
-Financing
Components of an AIS - CORRECT ANSWER✔✔1. PEOPLE who use the system.
2. PROCEDURES and instructions used to collect, process, and store data.
3. DATA about the organization and its business activities.
4. SOFTWARE used to process the data.
,5. The information technology INFRASTRUCTURE including computers, peripheral devices, and
network communication devices used to collect, store, process, and transmit data and
information.
6. The internal CONTROLS and security measures that safeguard the data in the AIS.
Accounting Information Systems - CORRECT ANSWER✔✔Overall goal -produce information for
decision makers
Add value by
-Improving the quality and reducing the costs of products or services
-Improving efficiency
-Sharing knowledge
-Improving efficiency and effectiveness of its supply chain
Improving the internal control structure
-Improving decision making
data Analytics - CORRECT ANSWER✔✔is the use of software and algorithms to find and solve
problems and improve business performance
data dashboard - CORRECT ANSWER✔✔A set of visual displays that organizes and presents
information that is used to monitor the performance of a company or organization in a manner
that is easy to read, understand, and interpret.
Analytics Improve Decision Making - CORRECT ANSWER✔✔basic-Identify a problem or issue
Intermediate-Collect data needed to solve the problem and make recommendations to
management
, Advanced-Actionable insights can be integrated into the systems used to make decisions
Blockchain - CORRECT ANSWER✔✔chains blocks of data together using cryptography
algorithms that create hashes. The hash of a prior block is included in the latest block, creating
the chain.
Steps in a Blockchain Transaction - CORRECT ANSWER✔✔1.Initiate transaction
2.Validate transaction
3.Create a block
4.Calculate and insert a hash
5.Complete transaction
Blockchain Advantages - CORRECT ANSWER✔✔-Accuracy
•Transparency
•Data consistency
•Trust
•No need for third parties
•Single set of books
•Cost
•Decentralization
•Efficiency
•Privacy
•Security
•Provenance
Blockchain Disadvantages - CORRECT ANSWER✔✔•Cost
Loss of privacy and confidentiality
Answers
Data - CORRECT ANSWER✔✔acts that are collected, recorded, stored, and processed by an
information system (input)
-Most useful when it is in machine-readable form
Information - CORRECT ANSWER✔✔data that have been organized and processed to provide
meaning and improve the decision-making process (output)
Value of information - CORRECT ANSWER✔✔the benefit provided by information less the cost
of producing it
transaction - CORRECT ANSWER✔✔an agreement between two entities to exchange goods or
services; any other event that can be measured in economic terms by an organization.
Business processes/Transaction cycle - CORRECT ANSWER✔✔-Revenue
-Expenditure
-Payroll
-Production
-Financing
Components of an AIS - CORRECT ANSWER✔✔1. PEOPLE who use the system.
2. PROCEDURES and instructions used to collect, process, and store data.
3. DATA about the organization and its business activities.
4. SOFTWARE used to process the data.
,5. The information technology INFRASTRUCTURE including computers, peripheral devices, and
network communication devices used to collect, store, process, and transmit data and
information.
6. The internal CONTROLS and security measures that safeguard the data in the AIS.
Accounting Information Systems - CORRECT ANSWER✔✔Overall goal -produce information for
decision makers
Add value by
-Improving the quality and reducing the costs of products or services
-Improving efficiency
-Sharing knowledge
-Improving efficiency and effectiveness of its supply chain
Improving the internal control structure
-Improving decision making
data Analytics - CORRECT ANSWER✔✔is the use of software and algorithms to find and solve
problems and improve business performance
data dashboard - CORRECT ANSWER✔✔A set of visual displays that organizes and presents
information that is used to monitor the performance of a company or organization in a manner
that is easy to read, understand, and interpret.
Analytics Improve Decision Making - CORRECT ANSWER✔✔basic-Identify a problem or issue
Intermediate-Collect data needed to solve the problem and make recommendations to
management
, Advanced-Actionable insights can be integrated into the systems used to make decisions
Blockchain - CORRECT ANSWER✔✔chains blocks of data together using cryptography
algorithms that create hashes. The hash of a prior block is included in the latest block, creating
the chain.
Steps in a Blockchain Transaction - CORRECT ANSWER✔✔1.Initiate transaction
2.Validate transaction
3.Create a block
4.Calculate and insert a hash
5.Complete transaction
Blockchain Advantages - CORRECT ANSWER✔✔-Accuracy
•Transparency
•Data consistency
•Trust
•No need for third parties
•Single set of books
•Cost
•Decentralization
•Efficiency
•Privacy
•Security
•Provenance
Blockchain Disadvantages - CORRECT ANSWER✔✔•Cost
Loss of privacy and confidentiality
