Solutions Manual For Accounting Information Systems 4e Vernon Richardson, C
k k k k k k k k kk
hengyee Chang, Rod Smith All Chapters
k k k k k
Chapter 1: Accounting Information Systems and Firm Value
k k k k k k k
MultiplekChoicekQuestions
1. (LOk1-1)kAccountingkinformationksystems
a. arekalwayskcomputerized.
b. reportkonlykfinanciallykrelatedkinformation.
c. arekinformationksystemskthatkrecord,kprocess,kandkreportkonktransactionsktokprovidekfinancialk
andknonfinancialkinformationkforkdecisionkmakingkandkcontrol.
d. requirekakCITPkdesignationktokunderstand.
Answer:kC
2. (LOk1-1)kWhichkofkthekfollowingkiskakcharacteristickofkrelevance?
a. Materiality
b. Timeliness
c. Verifiable
d. Costktokgenerate
kAnswer:kA
3. (LOk1-2)kWhichkofkthekfollowingkiskconsideredktokbekmandatorykinformationkrequiredkbykakregulatory
body?
a. 10-QksubmissionktokthekSecuritieskandkExchangekCommission
b. ThekcostktokproducekakSamsungkGalaxy
c. TheknumberkofkorganickbananaskthatkareksoldkatkWholekFoodskonkJulyk28
d. Thekcostktokbuildkankall-
newkStarbuckskrestaurantkinkShenzhen,kChinakAnswer:kA
4. (LOk1-4)kThekcorrectkorderkofkeventskinkthekvaluekchainkis
a. Inboundklogisticsk➛kOperationsk➛kService.
b. Inboundklogisticsk➛kOutboundklogisticsk➛kMarketingkandksales.
c. Inboundklogisticsk➛kOperationsk➛kOutboundklogistics.
d. Inboundklogisticsk➛kOperationsk➛kMarketingkandkSales.
Answer:kC
5. (LOk1-8)kWhichksystemkcontributeskinformationkonkdirectklaborktokakcostkaccountingksystem?
a. Supplykchainkmanagementksystemk(SCMS)
, EndkofkChapterkSolutionskManual:kRichardson,kChang,kSmith,kAccountingkInformationkSystems,k4thkedition
b. Financialkreportingksystemk(FRS)
c. CustomerkRelationalkManagementk Systemk (CRM)
d. Humankresourcekmanagementksystemk(HRMS)
Answer:kD
k
6. (LOk1-7)kAksupplykchain
a. supplieskjewelrykchains.
b. refersktokthekflowkofkmaterials,kinformation,kpayments,kandkservices.
c. isksimilarkinkfunctionkandkpurposektokthekvaluekchain.
d. doesknotkapplyktokakservicekfirmklikekankaccountingkfirm.
Answer:kB
7. (LOk1-7)kCustomerkrelationshipkmanagementksoftwarekdoesknotkincludekinformationkabout
a. currentkcustomers.
b. prospectivek customers.
c. formerkcustomers.
d. currentkemployees.
Answer:kD
8. (LOk1-
6)kAnkinformationksystemkthatkmeasureskandkrecordskaccountingktransactionskandkreportskthemkinkth
ekfinancialkstatementskiskcalledka
a. financialkreportingksystemk(FRS).
b. enterpriseksystemk(ES).
c. manufacturingksystemk(MS).
d. costkaccountingksystem.
Answer:kA
9. (LOk1-
3)kWhatkisktheknamekofkthekpositionkforkakpersonkresponsiblekforkdeterminingkInformationkneedskofka
kbusinesskandkdesigningkaksystemktokmeetkthosekneeds?
a. Chiefkinformationkofficer
b. Controller
c. ITkauditor
d. Systemskanalyst
Answer:kD
k
, EndkofkChapterkSolutionskManual:kRichardson,kChang,kSmith,kAccountingkInformationkSystems,k4thkedition
10. (LOk1-
9)kThekbalanceksheetkaccountkmostklikelykaffectedkbykankAISkinvestmentkinksupplykchainkmanagem
entksoftwarekwouldkbe
a. inventories.
b. fixedkassets.
c. cashkandkcashkequivalents.
d. unearnedkrevenue.
Answer:kA
11. (LOk1-7)kTheksoftware/systemkthatkhelpskmakeksurekthekretailkfirmkdoesn’tkhavekakstockoutkis
a. supplykchainkmanagementksoftware.
b. customerkrelationshipkmanagementk software.
c. enterpriseksystems.
d. humankresourceksystems.
Answer:kA
12. (LOk1-
9)kDatakanalyticskperformedktokidentifykthekmostkprofitablekcustomerskwouldkbekmostklikelyktokaffectkwhi
chkincomekstatementkaccount?
a. Selling,kgeneral,kandkadministrativekexpensesk(SG&A)
b. Interestkexpense
c. Revenues
d. Costkofkgoodsksold
Answer:kC
k
13. (LOk1-7,kLOk1-9)kCustomerkrelationshipkmanagementksystemskwouldkgenerallykbekconsideredktokbe
an
a. internalkbusinesskprocess.
b. externalkbusinessk process.
c. interiorkbusinesskprocess.
d. exteriorkbusinesskprocess.
Answer:kB
14. (LOk1-
3)kAnkauditorktestingkinternalkcontrolskwouldkgenerallykbekconsideredktokfillkwhichkrolekwithkrespectkto
kaccountingkinformationksystems?
a. User
, EndkofkChapterkSolutionskManual:kRichardson,kChang,kSmith,kAccountingkInformationkSystems,k4thkedition
b. Manager
c. Designer
k k k k k k k k kk
hengyee Chang, Rod Smith All Chapters
k k k k k
Chapter 1: Accounting Information Systems and Firm Value
k k k k k k k
MultiplekChoicekQuestions
1. (LOk1-1)kAccountingkinformationksystems
a. arekalwayskcomputerized.
b. reportkonlykfinanciallykrelatedkinformation.
c. arekinformationksystemskthatkrecord,kprocess,kandkreportkonktransactionsktokprovidekfinancialk
andknonfinancialkinformationkforkdecisionkmakingkandkcontrol.
d. requirekakCITPkdesignationktokunderstand.
Answer:kC
2. (LOk1-1)kWhichkofkthekfollowingkiskakcharacteristickofkrelevance?
a. Materiality
b. Timeliness
c. Verifiable
d. Costktokgenerate
kAnswer:kA
3. (LOk1-2)kWhichkofkthekfollowingkiskconsideredktokbekmandatorykinformationkrequiredkbykakregulatory
body?
a. 10-QksubmissionktokthekSecuritieskandkExchangekCommission
b. ThekcostktokproducekakSamsungkGalaxy
c. TheknumberkofkorganickbananaskthatkareksoldkatkWholekFoodskonkJulyk28
d. Thekcostktokbuildkankall-
newkStarbuckskrestaurantkinkShenzhen,kChinakAnswer:kA
4. (LOk1-4)kThekcorrectkorderkofkeventskinkthekvaluekchainkis
a. Inboundklogisticsk➛kOperationsk➛kService.
b. Inboundklogisticsk➛kOutboundklogisticsk➛kMarketingkandksales.
c. Inboundklogisticsk➛kOperationsk➛kOutboundklogistics.
d. Inboundklogisticsk➛kOperationsk➛kMarketingkandkSales.
Answer:kC
5. (LOk1-8)kWhichksystemkcontributeskinformationkonkdirectklaborktokakcostkaccountingksystem?
a. Supplykchainkmanagementksystemk(SCMS)
, EndkofkChapterkSolutionskManual:kRichardson,kChang,kSmith,kAccountingkInformationkSystems,k4thkedition
b. Financialkreportingksystemk(FRS)
c. CustomerkRelationalkManagementk Systemk (CRM)
d. Humankresourcekmanagementksystemk(HRMS)
Answer:kD
k
6. (LOk1-7)kAksupplykchain
a. supplieskjewelrykchains.
b. refersktokthekflowkofkmaterials,kinformation,kpayments,kandkservices.
c. isksimilarkinkfunctionkandkpurposektokthekvaluekchain.
d. doesknotkapplyktokakservicekfirmklikekankaccountingkfirm.
Answer:kB
7. (LOk1-7)kCustomerkrelationshipkmanagementksoftwarekdoesknotkincludekinformationkabout
a. currentkcustomers.
b. prospectivek customers.
c. formerkcustomers.
d. currentkemployees.
Answer:kD
8. (LOk1-
6)kAnkinformationksystemkthatkmeasureskandkrecordskaccountingktransactionskandkreportskthemkinkth
ekfinancialkstatementskiskcalledka
a. financialkreportingksystemk(FRS).
b. enterpriseksystemk(ES).
c. manufacturingksystemk(MS).
d. costkaccountingksystem.
Answer:kA
9. (LOk1-
3)kWhatkisktheknamekofkthekpositionkforkakpersonkresponsiblekforkdeterminingkInformationkneedskofka
kbusinesskandkdesigningkaksystemktokmeetkthosekneeds?
a. Chiefkinformationkofficer
b. Controller
c. ITkauditor
d. Systemskanalyst
Answer:kD
k
, EndkofkChapterkSolutionskManual:kRichardson,kChang,kSmith,kAccountingkInformationkSystems,k4thkedition
10. (LOk1-
9)kThekbalanceksheetkaccountkmostklikelykaffectedkbykankAISkinvestmentkinksupplykchainkmanagem
entksoftwarekwouldkbe
a. inventories.
b. fixedkassets.
c. cashkandkcashkequivalents.
d. unearnedkrevenue.
Answer:kA
11. (LOk1-7)kTheksoftware/systemkthatkhelpskmakeksurekthekretailkfirmkdoesn’tkhavekakstockoutkis
a. supplykchainkmanagementksoftware.
b. customerkrelationshipkmanagementk software.
c. enterpriseksystems.
d. humankresourceksystems.
Answer:kA
12. (LOk1-
9)kDatakanalyticskperformedktokidentifykthekmostkprofitablekcustomerskwouldkbekmostklikelyktokaffectkwhi
chkincomekstatementkaccount?
a. Selling,kgeneral,kandkadministrativekexpensesk(SG&A)
b. Interestkexpense
c. Revenues
d. Costkofkgoodsksold
Answer:kC
k
13. (LOk1-7,kLOk1-9)kCustomerkrelationshipkmanagementksystemskwouldkgenerallykbekconsideredktokbe
an
a. internalkbusinesskprocess.
b. externalkbusinessk process.
c. interiorkbusinesskprocess.
d. exteriorkbusinesskprocess.
Answer:kB
14. (LOk1-
3)kAnkauditorktestingkinternalkcontrolskwouldkgenerallykbekconsideredktokfillkwhichkrolekwithkrespectkto
kaccountingkinformationksystems?
a. User
, EndkofkChapterkSolutionskManual:kRichardson,kChang,kSmith,kAccountingkInformationkSystems,k4thkedition
b. Manager
c. Designer
