Test Bank Accounting Information Systems: Connecting Careers, Systems, and Analytics. 1st Edition by Arline A. Savage, Danielle Brannock, Alicja Foksinska. All Chapters Covered|| Latest Edition|| Fully Verified Answers

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Test Bank
Accounting Information Systems: Connecting Careers, Systems, and Analytics
1st Edition
by Arline A. Savage, Danielle Brannock, Alicja Foksinska.
All Chapters Covered|| Latest Edition|| Fully Verified Answers




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Accounting Information System 1st Edition
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




C
Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
information. LE
Section Reference: Why is Accounting Information Important? AACSB: Communication

Bloom's: Comprehension AICPA: AC: Reporting
ST
2) Accounting communicates the financial outcomes of a business's activities for
A) operating.

B) investing.
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C) financing.

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: Communication

Bloom's: Comprehension AICPA: AC: Reporting


3) In what way do management teams use accounting data?




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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




C
AICPA: AC: Risk Assessment, Analysis, and Management



4) Which statement is TRUE?
LE
A) Accounting consists of rigid black and white rules.
ST
B) Accountants crunch numbers, not make decisions.

C) Accounting helps support a prosperous society.

D) Accountants focus on debits and credits, not business activities.
BE


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: Comprehension AICPA: N/A


5) Which of the following is NOT a component of an information system?

A) Hardware

B) Software
C) Input


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D) Network

Answer: C

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.




C
B) hardware and software.

C) reported information. LE
D) processed data.

Answer: A
ST
Diff: 1

Learning Objective: 1.1 Explain how accounting affects both the demand for and supply of
information.
BE


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




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