Test Ba nk for Accounting I nformatio n Sy stems 4e 4th Edition by Vernon R ichardso n, Che ngyee Cha ng a nd Ro d Sm ith
Test Bank for Accounting Information Systems 4e 4th Edition by
Vernon Richardson, Chengyee Chang and Rod Smith
Test Bank for Accounting Information
Systems 4e 4th Edition by Vernon
Richardson, Chengyee Chang and Rod
Smith
Chapter 1: Accounting Details Platforms and Firm Value
Multiple Choice Questions
1. (LO 1-1) Accounting details platforms
a. Are always computerized.
b. Report only financially related details.
c. Are details platforms that record, workflow, and report on
operations to provide financial and nonfinancial details for
decision making and measure?
d. Require a CITP designation to understand.
REPLY: C
2. (LO 1-1) Which of the following is a characteristic of relevance?
a. Materiality
b. Timeliness
c. Verifiable
d. Cost to
,Test Ba nk for Accounting I nformatio n Sy stems 4e 4th Edition by Vernon R ichardso n, Che ngyee Cha ng a nd Ro d Sm ith
Test Bank for Accounting Information Systems 4e 4th Edition by
Vernon Richardson, Chengyee Chang and Rod Smith
generate REPLY: A
3.(LO 1-2) Which of the following is considered to be mandatory details
required by a regulatory
Body?
a. 10-Q submission to the Securities and Exchange Commission
b. The cost to produce a Samsung Galaxy
c. The number of organic bananas that are sold at Whole Foods on July 28
d. The cost to build an all-new Starbucks
restaurant in Shenzhen, China REPLY: A
4. (LO 1-4) The correct order of events in the value chain is
a. Inbound logistics ➛ Operations ➛ Service.
b. Inbound logistics ➛ Outbound logistics ➛ Marketing and sales.
c. Inbound logistics ➛ Operations ➛ outbound logistics.
d. Inbound logistics ➛ Operations ➛ Marketing and Sales.
,REPLY: C
5. (LO 1-8) Which platform contributes details on direct labor to a cost
accounting platform?
a. Supply chain management platform (SCMS)
, b. Financial reporting platform (FRS)
c. Customer Relational Management Platform (CRM)
d. Human resource
management platform (HRMS)
REPLY: D
6. (LO 1-7) A supply chain
a. supplies jewelry chains.
b. refers to the flow of materials, details, payments, and services.
c. is similar in function and purpose to the value chain.
d. does not apply to a service firm like an accounting firm.
REPLY: B
7. (LO 1-7) Customer relationship management software does not include
details about
a. current customers.
b. prospective customers.
c. former customers.
d. current employees.
REPLY: D
8. (LO 1-6) An details platform that measures and records
accounting operations and reports them in the financial
statements is called a
Test Bank for Accounting Information Systems 4e 4th Edition by
Vernon Richardson, Chengyee Chang and Rod Smith
Test Bank for Accounting Information
Systems 4e 4th Edition by Vernon
Richardson, Chengyee Chang and Rod
Smith
Chapter 1: Accounting Details Platforms and Firm Value
Multiple Choice Questions
1. (LO 1-1) Accounting details platforms
a. Are always computerized.
b. Report only financially related details.
c. Are details platforms that record, workflow, and report on
operations to provide financial and nonfinancial details for
decision making and measure?
d. Require a CITP designation to understand.
REPLY: C
2. (LO 1-1) Which of the following is a characteristic of relevance?
a. Materiality
b. Timeliness
c. Verifiable
d. Cost to
,Test Ba nk for Accounting I nformatio n Sy stems 4e 4th Edition by Vernon R ichardso n, Che ngyee Cha ng a nd Ro d Sm ith
Test Bank for Accounting Information Systems 4e 4th Edition by
Vernon Richardson, Chengyee Chang and Rod Smith
generate REPLY: A
3.(LO 1-2) Which of the following is considered to be mandatory details
required by a regulatory
Body?
a. 10-Q submission to the Securities and Exchange Commission
b. The cost to produce a Samsung Galaxy
c. The number of organic bananas that are sold at Whole Foods on July 28
d. The cost to build an all-new Starbucks
restaurant in Shenzhen, China REPLY: A
4. (LO 1-4) The correct order of events in the value chain is
a. Inbound logistics ➛ Operations ➛ Service.
b. Inbound logistics ➛ Outbound logistics ➛ Marketing and sales.
c. Inbound logistics ➛ Operations ➛ outbound logistics.
d. Inbound logistics ➛ Operations ➛ Marketing and Sales.
,REPLY: C
5. (LO 1-8) Which platform contributes details on direct labor to a cost
accounting platform?
a. Supply chain management platform (SCMS)
, b. Financial reporting platform (FRS)
c. Customer Relational Management Platform (CRM)
d. Human resource
management platform (HRMS)
REPLY: D
6. (LO 1-7) A supply chain
a. supplies jewelry chains.
b. refers to the flow of materials, details, payments, and services.
c. is similar in function and purpose to the value chain.
d. does not apply to a service firm like an accounting firm.
REPLY: B
7. (LO 1-7) Customer relationship management software does not include
details about
a. current customers.
b. prospective customers.
c. former customers.
d. current employees.
REPLY: D
8. (LO 1-6) An details platform that measures and records
accounting operations and reports them in the financial
statements is called a
