Accounting Information Systems: Connecting Careers, Systems, and
Analytics
by Arline A. Savage
2nd Edition
1
,Testbank
Chapter01: Accounting As Information
1) Accounting Communicates To Stakeholders
A) Minimallyrequired Public Financial Data.
B) Thefinancial Outcomes Of Operating,Investing, Andfinancingactivities.
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C) Thesalesstrategyfortheoperating,Marketing, Andsalesactivities.
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D) Blackandwhitedetailsabouttheeconomicsofoperating
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Activities.Answer: B
Diff:1
Learningobjective: 1.1explainhowaccountingaffectsboththedemand forand Supply
o o
Ofinformation.
rl
Sectionreference:Whyisaccountinginformation Important?Aacsb: Communication
Bloom's:
Comprehensionaicpa: rl
Ac:Reporting
2) Accountingcommunicatesthefinancialoutcomesofabusiness'sactivitiesfor
a
o
A) Operating.
B) Investing.
C) Financing.
D) Alloftheseanswerchoicesare
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Correct.Answer: D
Diff:1
Learningobjective: 1.1explainhowaccountingaffects boththedemandforand Supply
o
Ofinformation.
rl
Sectionreference:Whyisaccountinginformation Important?Aacsb: Communication
Bloom's:
Comprehensionaicpa: rl
Ac:Reporting
3) In What Waydo Management Teamsuseaccountingdata?
A) Managementteams Useaccountingdatatomakebusinessdecisions.
B) Managementteamsuseaccountingdatatomakeandexecuteplans.
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C) Management teams Useeconomicandaccountingdatatogethertomakedecisions.
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D) Alloftheseanswerchoicesare
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Correct.Answer: D
Diff:1
Learningobjective: 1.1explainhowaccountingaffectsboththedemand forand Supply
o o
Ofinformation.
rl
Sectionreference: Whyisaccountinginformation Important?Aacsb:
Analytic
Bloom's: Comprehension
Aicpa: Ac:Riskassessment,Analysis,Andmanagement
2
,4) Whichstatementis true? o
A) Accountingconsistsofrigidblack andwhite Rules. o
B) Accountantscrunchnumbers,Notmakedecisions. o
C) Accountinghelpssupport Aprosperous Society.
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D) Accountantsfocusondebitsandcredits,Notbusiness
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Activities.Answer: C
Diff:1
Learningobjective: 1.1explainhowaccountingaffectsboththedemand forand Supply
o o
Ofinformation.
rl
Sectionreference:Whyisaccounting information Important?Aacsb: Analytic
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Bloom's:
Comprehensionaicpa: rl
N/A
5) Whichofthefollowingis Notacomponent of Aninformation system?
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A) Hardware
B) Software
C) Input
D) Network
Answer: C
Diff: 1
Learningobjective: 1.1explainhowaccountingaffectsboththedemand forand Supply
o o
Ofinformation.
rl
Sectionreference:Whyisaccounting information Important?Aacsb: Analytic
oa
Bloom's: Knowledge
Aicpa: Ac:Systemsand processmanagement o
6) Inputto aninformationsystemconsistsof
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A) Rawandunorganizeddata.
B) Hardwareandsoftware.
C) Reported Information.
D) Processeddata.
Answer: A
Diff: 1
Learningobjective: 1.1explainhowaccountingaffectsboththedemand forand Supply
o o
Ofinformation.
rl
Sectionreference:Whyisaccountinginformation Important?Aacsb:
Analytic
Bloom's: Knowledge
Aicpa: Ac:Systemsandprocessmanagement
7) Whichofthefollowingis adefinitionofoutputfrom Aninformationsystem?
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A) Outputis raw And unorganizeddata.
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B) Outputisinformationproduced Byprocessing data. oa
C) Output isdatabasefacts Andfigures.
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D) Outputis information Collectedfrom
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3
, Users.Answer: B
4