TEST BANK
Accounting Information Systems: Connecting Careers, Systems & Analytics
Arline A. Savage
1st Edition
PR
O
FD
O
C
,Table of Contents
1. Accounting as Information
2. Risks and Risk Assessments
3. Risk Management and Internal Controls
4. Software and Systems
5. Data Storage and Analysis
6. Designing Systems and Databases
7. Emerging and Disruptive Technologies
8. Documenting Systems and Processes
9. Human Resources and Payroll Processes
10.Purchasing and Payments Processes
11.Conversion Processes
12.Marketing, Sales, and Collections Processes
13.Financial Reporting Processes
PR
14.Information Systems and Controls
15.Fraud
16.Cybersecurity
17.Data Analytics
18.Data Visualization
19. Audit Assurance
O
FD
O
C
,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 of 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
PR
Bloom's: Comprehension AICPA: AC: Reporting
2) Accounting communicates the financial outcomes of a business's activities for
O
A) operating.
B) investing.
C) financing.
FD
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
O
information.
Section Reference: Why is Accounting Information Important? AACSB: Communication
C
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.
, 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: Analytic
Bloom's: Comprehension
AICPA: AC: Risk Assessment, Analysis, and Management
4) Which statement is TRUE?
PR
A) Accounting consists of rigid black and white rules.
B) Accountants crunch numbers, not make decisions.
C) Accounting helps support a prosperous society.
D) Accountants focus on debits and credits, not business activities. Answer: C
O
Diff: 1
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
FD
information.
Section Reference: Why is Accounting Information Important? AACSB: Analytic
Bloom's: Comprehension AICPA: N/A
O
5) Which of the following is NOT a component of an information system?
A) Hardware
C
B) Software
C) Input
D) Network Answer: C 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: Analytic
Bloom's: Knowledge
AICPA: AC: Systems and Process Management
Accounting Information Systems: Connecting Careers, Systems & Analytics
Arline A. Savage
1st Edition
PR
O
FD
O
C
,Table of Contents
1. Accounting as Information
2. Risks and Risk Assessments
3. Risk Management and Internal Controls
4. Software and Systems
5. Data Storage and Analysis
6. Designing Systems and Databases
7. Emerging and Disruptive Technologies
8. Documenting Systems and Processes
9. Human Resources and Payroll Processes
10.Purchasing and Payments Processes
11.Conversion Processes
12.Marketing, Sales, and Collections Processes
13.Financial Reporting Processes
PR
14.Information Systems and Controls
15.Fraud
16.Cybersecurity
17.Data Analytics
18.Data Visualization
19. Audit Assurance
O
FD
O
C
,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 of 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
PR
Bloom's: Comprehension AICPA: AC: Reporting
2) Accounting communicates the financial outcomes of a business's activities for
O
A) operating.
B) investing.
C) financing.
FD
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
O
information.
Section Reference: Why is Accounting Information Important? AACSB: Communication
C
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.
, 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: Analytic
Bloom's: Comprehension
AICPA: AC: Risk Assessment, Analysis, and Management
4) Which statement is TRUE?
PR
A) Accounting consists of rigid black and white rules.
B) Accountants crunch numbers, not make decisions.
C) Accounting helps support a prosperous society.
D) Accountants focus on debits and credits, not business activities. Answer: C
O
Diff: 1
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
FD
information.
Section Reference: Why is Accounting Information Important? AACSB: Analytic
Bloom's: Comprehension AICPA: N/A
O
5) Which of the following is NOT a component of an information system?
A) Hardware
C
B) Software
C) Input
D) Network Answer: C 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: Analytic
Bloom's: Knowledge
AICPA: AC: Systems and Process Management
