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Accounting Information Systems
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by Vernon Richardson, Chengyee Chang, Rod Smith
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4th Edition
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All Chapters Included ⬛⬛⬛
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Pageg1
All Answers Included ⬛⬛⬛
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, Chapter 1 Accounting Information Systems and Firm Value
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1) AccountinggandgFinancegisgagprimarygactivitygingthegvaluegchain.g
ANSWER:g FALSE
Diff:g1
Topic:gThegValuegChaingandgAccountinggInformationgSystems
LearninggObjective:g 01-
04gDescribeghowgbusinessgprocessesgaffectgthegfirm'sgvaluegchain.gBloom's:g Remember
AACSB:g ReflectivegThinking
AICPA:gBBgIndustry;gFNgDecisiongMaking AllgChaptersg⬛
g⬛g⬛
g
2) AccountinggInformationgSystemsgatgthisgdategaregallgcomputerized.g
ANSWER:g FALSE AllgAnswersg⬛g⬛g⬛
Diff:g1
Topic:g DatagversusgInformation
LearninggObjective:g 01-
02gDistinguishgamonggdata,ginformation,gandganginformationgsystem.gBloom's:g Remember
AACSB:g ReflectivegThinking
AICPA:gBBgIndustry;gFNgDecisiongMaking
3) Businessgvaluegincludesgallgthosegitems,geventsgandginteractionsgthatgdeterminegthegfinancialghealthga
ndgwell-beinggofgthegfirm.
ANSWER:g TRUE
Diff:g1
Topic:gThegValuegChaingandgAccountinggInformationgSystems
LearninggObjective:g 01-
04gDescribeghowgbusinessgprocessesgaffectgthegfirm'sgvaluegchain.gBloom's:g Remember
AACSB:g ReflectivegThinking
AICPA:gBBgIndustry;gFNgDecisiongMaking
4) ThegCertifiedgInformationgTechnologygProfessionalg(CITP)gisgagprofessionalgdesignationgforgthoseg
withgagbroadgrangegofgtechnologygknowledgegandgdoesgnotgrequiregagCPA.
ANSWER:g FALSE
Diff:g1
Topic:g RolegofgAccountantsgingAccountinggInformationgSystems
LearninggObjective:g 01-
03gDistinguishgthegrolesgofgaccountantsgingprovidingginformation,gandgexplaingcertificationsgrelatedg
togaccountingginformationgsystems.
Bloom's:g RemembergAACS
B:gReflectivegThinking
AICPA:gBBgIndustry;gFNgDecisiongMaking
5) ThegCertifiedgInformationgSystemsgAuditorg(CISA)gisgagprofessionalgdesignationggenerallygsoughtg
bygthosegperforminggITgaudits.
ANSWER:g TRUE
Diff:g1
Topic:g RolegofgAccountantsgingAccountinggInformationgSystems
LearninggObjective:g 01-
03gDistinguishgthegrolesgofgaccountantsgingprovidingginformation,gandgexplaingcertificationsgrelatedg
togaccountingginformationgsystems.
,Bloom's:g RemembergAACS
B:gReflectivegThinking
AICPA:gBBgIndustry;gFNgDecisiongMaking
, 6) Informationgisgdefinedgasgbeinggdatagorganizedgingagmeaningfulgwaygthatgisgusefulgtogtheguser.g
ANSWER:g TRUE
Diff:g1
Topic:g DatagversusgInformation
LearninggObjective:g 01-
02gDistinguishgamonggdata,ginformation,gandganginformationgsystem.gBloom's:g Remember
AACSB:g ReflectivegThinking
AICPA:gBBgIndustry;gFNgDecisiongMaking
7) Datagisgdefinedgasgbeingginformationgorganizedgingagmeaningfulgwaygthatgisgusefulgtogtheguser.g
ANSWER:g FALSE
Diff:g1
Topic:g DatagversusgInformation
LearninggObjective:g 01-
02gDistinguishgamonggdata,ginformation,gandganginformationgsystem.gBloom's:g Remember
AACSB:g ReflectivegThinking
AICPA:gBBgIndustry;gFNgDecisiongMaking
8) Agsystemsganalystganalyzesgagbusinessgproblemgthatgmightgbegaddressedgbyganginformationgsystemga
ndgrecommendsgsoftwaregorgsystemsgtogaddressgthatgproblem.
ANSWER:g TRUE
Diff:g1
Topic:gThegValuegChaingandgAccountinggInformationgSystems
LearninggObjective:g 01-
04gDescribeghowgbusinessgprocessesgaffectgthegfirm'sgvaluegchain.gBloom's:g Remember
AACSB:g ReflectivegThinking
AICPA:g BBgIndustry;gFNgDecisiongMaking
9) Agvaluegchaingisgdefinedgasgthegflowgofgmaterials,ginformation,gpayments,gandgservicesgfromgc
ustomergtogsupplier.
ANSWER:g FALSE
Diff:g1
Topic:gThegValuegChaingandgAccountinggInformationgSystems
LearninggObjective:g 01-
04gDescribeghowgbusinessgprocessesgaffectgthegfirm'sgvaluegchain.gBloom's:g Remember
AACSB:g ReflectivegThinking
AICPA:gBBgIndustry;gFNgDecisiongMaking
10) Relevantginformationgisgthatginformationgthatgisgfreegfromgbiasgandgerror.g
ANSWER:g FALSE
Diff:g1
Topic:g DefinitiongofgAccountinggInformationgSystems;gAttributesgofgUsefulgInformation
LearninggObjective:g 01-
01gDefinegangaccountingginformationgsystem,gandgexplaingcharacteristicsgofgusefulginformation.gBloom's:g Remember
AACSB:g ReflectivegThinking
AICPA:g BBgIndustry;gFNgDecisiongMaking