AIS EXAM 1 ACTUAL EXAMINATION TEST
2026 COMPLETE QUESTIONS AND
SOLUTIONS GRADED A+
◉ inputs
Answer: data or resources entering the system
◉ processes
Answer: activities that transform inputs into outputs
◉ outputs
Answer: results produced by the system
◉ feedback
Answer: information about outputs that influence future inputs or
processes
◉ accounting information system
Answer: focused specifically on financial and accounting data;
collects data about business transactions, processes data according
,rules, stores it for current and future use, and produces financial info
for decision-makers inside and outside the organization
◉ data
Answer: raw facts, unprocessed observations, measurements, or
recordings about events and entities
◉ information
Answer: data that has been processed, organized, and presented in a
context that makes it meaningful and useful for decision-making
◉ characteristics of information: relevant
Answer: reduce uncertainty or help confirm expectations about the
decision at hand
◉ characteristics of information reliable
Answer: accurate, unbiased, and verifiable; depends on the quality
of source data and the integrity of processing
◉ characteristics of information: complete
Answer: include everything necessary for the decision at hand
without critical omissions
, ◉ characteristics of information: timely
Answer: information should be available when needed
◉ characteristics of information: understandable
Answer: users can comprehend and use effectively
◉ characteristics of information: verifiable
Answer: independent observers can confirm accuracy; supports
accountability and enables auditing
◉ characteristics of information: accessible
Answer: available to those who need it, when and where they need it
◉ Components of an AIS
Answer: people
procedures and instructions
data
software
information technology infrastructure
internal controls and security measures
◉ COSO Internal Control Framework
2026 COMPLETE QUESTIONS AND
SOLUTIONS GRADED A+
◉ inputs
Answer: data or resources entering the system
◉ processes
Answer: activities that transform inputs into outputs
◉ outputs
Answer: results produced by the system
◉ feedback
Answer: information about outputs that influence future inputs or
processes
◉ accounting information system
Answer: focused specifically on financial and accounting data;
collects data about business transactions, processes data according
,rules, stores it for current and future use, and produces financial info
for decision-makers inside and outside the organization
◉ data
Answer: raw facts, unprocessed observations, measurements, or
recordings about events and entities
◉ information
Answer: data that has been processed, organized, and presented in a
context that makes it meaningful and useful for decision-making
◉ characteristics of information: relevant
Answer: reduce uncertainty or help confirm expectations about the
decision at hand
◉ characteristics of information reliable
Answer: accurate, unbiased, and verifiable; depends on the quality
of source data and the integrity of processing
◉ characteristics of information: complete
Answer: include everything necessary for the decision at hand
without critical omissions
, ◉ characteristics of information: timely
Answer: information should be available when needed
◉ characteristics of information: understandable
Answer: users can comprehend and use effectively
◉ characteristics of information: verifiable
Answer: independent observers can confirm accuracy; supports
accountability and enables auditing
◉ characteristics of information: accessible
Answer: available to those who need it, when and where they need it
◉ Components of an AIS
Answer: people
procedures and instructions
data
software
information technology infrastructure
internal controls and security measures
◉ COSO Internal Control Framework
