Test Bank Complete_
Accounting Information Systems: Connecting Careers,
Systems, And Analytics 1st Edition, (2022)
By Arline A. Savage, Danielle Brannock & Alicja Foksinska
All Chapters 1-19| 4 Units| Latest Version With Verified Answers| Rated A+
From: [Bestmaxsolutions.stuvia
,PART I: FOUNDATIONS OF AIS ___________________________________________________ 3
Chapter 1: Accounting As Information _________________________________________________ 3
Chapter 2: Risks And Risk Assessments ________________________________________________ 53
Chapter 3: Risk Management And Internal Controls _____________________________________ 93
Chapter 4: Software And Systems ___________________________________________________ 136
Chapter 5: Data Storage And Analysis ________________________________________________ 186
Chapter 6: Designing Systems and Databases__________________________________________ 224
Chapter 7: Emerging And Disruptive Technologies ______________________________________ 268
Chapter 8: Documenting Systems And Processes _______________________________________ 312
PART II: BUSINESS PROCESSES _________________________________________________ 364
Chapter 9: Human Resources And Payroll Processes ____________________________________ 364
Chapter 10: Purchasing And Payments Process ________________________________________ 409
Chapter 11: Conversion Processes ___________________________________________________ 462
Chapter 12: Marketing, Sales, And Collection Processes _________________________________ 514
Chapter 13: Financial Reporting Processes ____________________________________________ 573
PART III: RISK ASSURANCE ____________________________________________________ 617
Chapter 14: Information Systems And Controls ________________________________________ 617
Chapter 15: Fraud ________________________________________________________________ 658
Chapter 16: Cybersecurity _________________________________________________________ 705
PART IV: TECHNOLOGY AND ANALYTICS _________________________________________ 754
Chapter 17: Data Analytics_________________________________________________________ 754
Chapter 18: Data Visualization _____________________________________________________ 801
Chapter 19: Audit Assurance _______________________________________________________ 839
,PART I: FOUNDATIONS OF AIS
Chapter 1: Accounting As Information
Savage: Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition, (2022)
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
Accounting Primarily Communicates The Financial Outcomes Of A Company's
Operations, Investments, And Financing Activities To Stakeholders. These Outcomes
Are Critical For Decision-Making And Understanding A Company’s Overall Financial
Health.
Accounting Plays A Vital Role In Presenting How A Business Has Performed Across
Different Activities, Rather Than Just Providing Minimal Data Or Focusing Solely On
Sales Or Specific Operational Details.
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
Bloom's: Comprehension AICPA: AC: Reporting
2) Accounting Communicates The Financial Outcomes Of A Business's Activities For
A) Operating.
B) Investing.
C) Financing.
D) All Of These Answer Choices Are Correct.
,ANSWER: D
Accounting Provides A Comprehensive Picture Of A Business's Financial Outcomes
Across All Major Areas: Operating, Investing, And Financing. All These Activities Are
Integral To Understanding The Financial Performance Of A Business.
To Understand A Company's Financial Standing, One Must Look At How It Performs In
All Of These Areas, Not Just A Single Aspect Like Operations Or Investments.
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
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
Management Teams Rely On Accounting Data In Various Ways—Making Decisions,
Executing Strategies, And Assessing Both Economic And Financial Information
Together For Effective Decision-Making.
Accounting Data Is Essential In The Decision-Making Process, Allowing Managers To
Make Informed Choices About Business Strategy And Operations.
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?
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
Accounting Plays A Crucial Role In Supporting The Economy By Ensuring
Transparency, Trust, And Proper Financial Management, Contributing To A Prosperous
Society.
While Accountants Do Work With Debits And Credits, Their Role Is Far Broader, And
They Contribute Significantly To Societal Economic Health Through Their Work In
Financial Reporting And Decision Support.
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: N/A
5) Which Of The Following Is NOT A Component Of An Information System?
A) Hardware
B) Software
C) Input
D) Network
ANSWER: C
Input Is Not Considered A Component Of The Information System Itself. Rather, Input Is
One Of The Elements That The System Processes. The Components Of An Information
System Are Hardware, Software, And Network.
Information Systems Rely On Structured Components, Such As Hardware And Software,
To Process And Produce Meaningful Outputs From Data Inputs.
,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
6) Input To An Information System Consists Of
A) Raw And Unorganized Data.
B) Hardware And Software.
C) Reported Information.
D) Processed Data.
ANSWER: A
Input Refers To Raw, Unorganized Data That Is Fed Into The System For Processing.
The System's Purpose Is To Organize And Transform This Data Into Useful Information.
Raw Data Needs To Be Processed Before It Can Be Used Meaningfully By Businesses
Or Stakeholders.
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
7) Which Of The Following Is A Definition Of Output From An Information System?
A) Output Is Raw And Unorganized Data.
B) Output Is Information Produced By Processing Data.
C) Output Is Database Facts And Figures.
D) Output Is Information Collected From Users.
, ANSWER: B
Output Refers To The Meaningful Information That Results From Processing Data. This
Is What Is Used For Decision-Making Or Reporting Purposes.
While Input Is Raw Data, Output Is The Final Product Of The Information System—The
Processed, Organized Information.
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: Systems And Process Management
8) Which Statement Concerning Data Is TRUE?
A) Data Is Useless To A Business Until Transformed Into Information.
B) Data Is The Output From An Information System.
C) Data Is Organized Into Understandable Formats.
D) Data Is Processed Before Being Input Into The Information System.
ANSWER: A
Raw Data Alone Is Not Useful Until It Is Processed And Turned Into Meaningful
Information That Can Support Business Decisions.
Data Needs Transformation Through Processing To Become Valuable To A Business,
Which Is Why It’s Often Considered "Raw" And In Need Of Organization Before Being
Useful.
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: Systems And Process Management
Accounting Information Systems: Connecting Careers,
Systems, And Analytics 1st Edition, (2022)
By Arline A. Savage, Danielle Brannock & Alicja Foksinska
All Chapters 1-19| 4 Units| Latest Version With Verified Answers| Rated A+
From: [Bestmaxsolutions.stuvia
,PART I: FOUNDATIONS OF AIS ___________________________________________________ 3
Chapter 1: Accounting As Information _________________________________________________ 3
Chapter 2: Risks And Risk Assessments ________________________________________________ 53
Chapter 3: Risk Management And Internal Controls _____________________________________ 93
Chapter 4: Software And Systems ___________________________________________________ 136
Chapter 5: Data Storage And Analysis ________________________________________________ 186
Chapter 6: Designing Systems and Databases__________________________________________ 224
Chapter 7: Emerging And Disruptive Technologies ______________________________________ 268
Chapter 8: Documenting Systems And Processes _______________________________________ 312
PART II: BUSINESS PROCESSES _________________________________________________ 364
Chapter 9: Human Resources And Payroll Processes ____________________________________ 364
Chapter 10: Purchasing And Payments Process ________________________________________ 409
Chapter 11: Conversion Processes ___________________________________________________ 462
Chapter 12: Marketing, Sales, And Collection Processes _________________________________ 514
Chapter 13: Financial Reporting Processes ____________________________________________ 573
PART III: RISK ASSURANCE ____________________________________________________ 617
Chapter 14: Information Systems And Controls ________________________________________ 617
Chapter 15: Fraud ________________________________________________________________ 658
Chapter 16: Cybersecurity _________________________________________________________ 705
PART IV: TECHNOLOGY AND ANALYTICS _________________________________________ 754
Chapter 17: Data Analytics_________________________________________________________ 754
Chapter 18: Data Visualization _____________________________________________________ 801
Chapter 19: Audit Assurance _______________________________________________________ 839
,PART I: FOUNDATIONS OF AIS
Chapter 1: Accounting As Information
Savage: Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition, (2022)
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
Accounting Primarily Communicates The Financial Outcomes Of A Company's
Operations, Investments, And Financing Activities To Stakeholders. These Outcomes
Are Critical For Decision-Making And Understanding A Company’s Overall Financial
Health.
Accounting Plays A Vital Role In Presenting How A Business Has Performed Across
Different Activities, Rather Than Just Providing Minimal Data Or Focusing Solely On
Sales Or Specific Operational Details.
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
Bloom's: Comprehension AICPA: AC: Reporting
2) Accounting Communicates The Financial Outcomes Of A Business's Activities For
A) Operating.
B) Investing.
C) Financing.
D) All Of These Answer Choices Are Correct.
,ANSWER: D
Accounting Provides A Comprehensive Picture Of A Business's Financial Outcomes
Across All Major Areas: Operating, Investing, And Financing. All These Activities Are
Integral To Understanding The Financial Performance Of A Business.
To Understand A Company's Financial Standing, One Must Look At How It Performs In
All Of These Areas, Not Just A Single Aspect Like Operations Or Investments.
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
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
Management Teams Rely On Accounting Data In Various Ways—Making Decisions,
Executing Strategies, And Assessing Both Economic And Financial Information
Together For Effective Decision-Making.
Accounting Data Is Essential In The Decision-Making Process, Allowing Managers To
Make Informed Choices About Business Strategy And Operations.
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?
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
Accounting Plays A Crucial Role In Supporting The Economy By Ensuring
Transparency, Trust, And Proper Financial Management, Contributing To A Prosperous
Society.
While Accountants Do Work With Debits And Credits, Their Role Is Far Broader, And
They Contribute Significantly To Societal Economic Health Through Their Work In
Financial Reporting And Decision Support.
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: N/A
5) Which Of The Following Is NOT A Component Of An Information System?
A) Hardware
B) Software
C) Input
D) Network
ANSWER: C
Input Is Not Considered A Component Of The Information System Itself. Rather, Input Is
One Of The Elements That The System Processes. The Components Of An Information
System Are Hardware, Software, And Network.
Information Systems Rely On Structured Components, Such As Hardware And Software,
To Process And Produce Meaningful Outputs From Data Inputs.
,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
6) Input To An Information System Consists Of
A) Raw And Unorganized Data.
B) Hardware And Software.
C) Reported Information.
D) Processed Data.
ANSWER: A
Input Refers To Raw, Unorganized Data That Is Fed Into The System For Processing.
The System's Purpose Is To Organize And Transform This Data Into Useful Information.
Raw Data Needs To Be Processed Before It Can Be Used Meaningfully By Businesses
Or Stakeholders.
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
7) Which Of The Following Is A Definition Of Output From An Information System?
A) Output Is Raw And Unorganized Data.
B) Output Is Information Produced By Processing Data.
C) Output Is Database Facts And Figures.
D) Output Is Information Collected From Users.
, ANSWER: B
Output Refers To The Meaningful Information That Results From Processing Data. This
Is What Is Used For Decision-Making Or Reporting Purposes.
While Input Is Raw Data, Output Is The Final Product Of The Information System—The
Processed, Organized Information.
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: Systems And Process Management
8) Which Statement Concerning Data Is TRUE?
A) Data Is Useless To A Business Until Transformed Into Information.
B) Data Is The Output From An Information System.
C) Data Is Organized Into Understandable Formats.
D) Data Is Processed Before Being Input Into The Information System.
ANSWER: A
Raw Data Alone Is Not Useful Until It Is Processed And Turned Into Meaningful
Information That Can Support Business Decisions.
Data Needs Transformation Through Processing To Become Valuable To A Business,
Which Is Why It’s Often Considered "Raw" And In Need Of Organization Before Being
Useful.
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: Systems And Process Management
