Test Bank for Accounting Information Systems: Connecting Careers, Systems, and Analytics 1st Edition by (Savage/Brannock/Foksinska)

TESTBANK
ACCOUNTING INFORMATIONSYSTEM 1ST f# f#




EDITION
f#




Chapter01: Accounting f#as f#Information

1) Accountingf#communicatesf#tof#stakeholders
A) minimallyrequired f#publicf#financial f#data.
B) thefinancialoutcomesofoperating,investing, f# andfinancingactivities. oa




C) thesalesstrategyforthe operating,marketing, f # andsalesactivities.
oa oa




D) black andwhitedetailsabouttheeconomicsofoperating
oa oa




f#activities.Answer: f#B

Diff:1
LearningObjective:#f1.1Explainhowaccountingaffects boththedemand forand supply
oa oa oa




f# ofinformation.
lr



SectionReference:Whyis Accounting Information f#Important?AACSB:
oa oa




f#Communication

Bloom's:
ComprehensionAICPA: lr



AC:Reporting

2) Accountingcommunicatesthefinancialoutcomesofabusiness'sactivitiesfor
a
o




A) operating.
B) investing.
C) financing.
D) Alloftheseanswerchoicesare
oa oa




f#correct.Answer: f#D

Diff:1
LearningObjective:#f1.1Explainhowaccountingaffects boththedemand forand supply oa oa




f# ofinformation.
lr



SectionReference:Whyis Accounting Information f#Important?AACSB:
oa oa




f#Communication

Bloom's:
ComprehensionAICPA: lr



AC:Reporting

3) Inf#what f#waydo f#management f#teamsuseaccountingdata?
A) Managementteamsuse accountingdatato makebusinessdecisions.
oa a
o




B) Management teamsuseaccountingdatatomakeandexecuteplans.
oa a
o




C) Managementteamsuseeconomicand accountingdatatogetherto make decisions.
oa oa oa




D) Alloftheseanswerchoicesare
oa oa




f#correct.Answer: f#D

Diff:1
LearningObjective:#f1.1Explainhowaccountingaffects boththedemand forand supply
oa oa oa




f# ofinformation.
lr



SectionReference: f#WhyisAccountingInformation f#Important?AACSB:
f#Analytic



1

,Bloom's: Comprehension
AICPA: AC:RiskAssessment,Analysis,andManagement




2

,4) Whichstatementis TRUE?
oa oa




A) Accountingconsists ofrigidblack and white f # rules.
a
o oa oa oa




B) Accountants crunchnumbers,not makedecisions.
oa oa




C) Accountinghelpssupport f#aprosperous f#society.
a
o a
o




D) Accountantsfocusondebitsand credits,notbusiness oa oa




f#activities.Answer: f#C

Diff:1
LearningObjective:#f1.1Explainhowaccountingaffects boththedemand forand supply oa oa oa




f# ofinformation.
lr



SectionReference:WhyisAccounting Information f#Important?AACSB: oa




f#Analytic

Bloom's:
ComprehensionAICPA: lr



N/A

5) WhichofthefollowingisNOTacomponent of f# aninformation system?
oa a
o oa oa




A) Hardware
B) Software
C) Input
D) Network
f#Answer:

f#C f#Diff:f#1

LearningObjective:#f1.1Explainhowaccountingaffects boththedemand forand supply oa oa oa




f# ofinformation.
lr



SectionReference:WhyisAccounting Information f#Important?AACSB: oa




f#Analytic

Bloom's: Knowledge
AICPA: AC:Systemsand Process Management oa oa




6) Inputto an informationsystemconsists of
oa oa oa




A) rawand unorganized data.
oa oa




B) hardwareand software. oa




C) reported f#information.
D) processeddata.
f#Answer: A
f#Diff:f#1

LearningObjective:#f1.1Explainhowaccountingaffects boththedemand forand supply oa oa oa




f# ofinformation.
lr



SectionReference:Whyis Accounting Information f#Important?AACSB: oa oa




f#Analytic

Bloom's: Knowledge
AICPA: AC:SystemsandProcessManagement

7) Whichofthefollowingis a definitionofoutputfrom f # aninformationsystem? a
o oa oa




A) Outputis raw f#and unorganizeddata.
oa oa




B) Outputisinformation produced byprocessingdata. oa




C) Output isdatabasefactsandfigures.
oa oa




D) Outputis information f#collectedfrom
oa




3

, users.Answer: f # B




4