IntroductionExams serve as a fundamental tool in evaluating a student's understanding of a subject, particularly in fields as diverse as business, law, and mathematics. These disciplines
Test Bank For
Accounting Information Systems
15th Edition By
Marshall B. Romney, Paul J. Steinbart
| Verified Chapter's 1 - 24 | Complete
1
, Table of Contents
IntroductionExams serve as a fundamental tool in evaluating a student's understanding of a subject, particularly in fields as diverse as business, law, and mathematics. These disciplines during
math exams, particularly when they are faced with complex, multi-step problems. The pressure to perform well on timed exams can further exacerbate this challenge.7. Future
1. Accounting Information Systems: An Overview
2. Overview of Transaction Processing and Enterprise -Resource Planning Systems
3. Systems Documentation Techniques
4. Relational Databases
5. Introduction to Data Analytics in Accounting
6.Transforming Data
7. Data Analysis and Presentation
8. Fraud and Errors
9. Computer Fraud and Abuse Techniques
10. Control and Accounting Information Systems
11. Controls for Information Security
12. Confidentiality and Privacy Controls
13. Processing Integrity and Availability Controls
14. The Revenue Cycle: Sales to Cash Collections
15. The Expenditure Cycle: Purchasing to Cash Disbursements
16. The Production Cycle
17. The Human Resources Management and Payroll Cycle
18. General Ledger and Reporting System
19. Database Design Using the REA Data Model
20. Implementing an REA Model in a Relational Database
21. Special Topics in REA Modeling
22. Introduction to Systems Development and Systems Analysis
23. AIS Development Strategies
24. Systems Design, Implementation, and Operation
, IntroductionExams serve as a fundamental tool in evaluating a student's understanding of a subject, particularly in fields as diverse as business,
law, and mathematics. These disciplines pressure to perform well on timed exams can further exacerbate this challenge.7. Future
Chapter 1 Accounting Information Systems: An
Overview
1.1 Distinguish data from information, discuss the characteristics of useful information, and explain how
1) Which of the following statements below shows the
contrast between data and information?
A) Data is the output of an AIS.
B) Information is the primary output of an AIS.
C) Data is more useful in decision making than information.
D) Data and information are the same.
Answer: B
2) Information is best described as
A) raw facts about transactions.
B) data that has been organized and processed so that it is meaningful to the
user.
C) facts that are useful when processed in a timely manner.
D) the same thing as data.
Answer: B
3) The value of information can best be determined by
A) its usefulness to decision makers.
B) its relevance to decision makers.
C) the benefits associated with obtaining the information minus the cost of
producing it.
D) the extent to which it optimizes the value chain.
Answer: C
4) An accounting
information system (AIS) processes to provide users with
.
A) data; information
B) data; transactions
C) information; data
D) data; benefits
Answer: A
5) the final answer.For many students, mathematics can be an intimidating subject because it requires both
conceptual understanding and technical skill. As a result, students often experience anxiety or stress during math exams, particularly
when they are faced with complex, multi-step problems. The pressure to perform well on timed exams can further exacerbate this
challenge.7. Future information reduces uncertainty, improves
decision makers' ability to make predictions, or confirms
expectations.
A) Timely
B) Reliable
C) Relevant
D)Complete
Answer: C
, IntroductionExams serve as a fundamental tool in evaluating a student's understanding of a subject, particularly in fields as diverse as business, law, and mathematics. These disciplines math
exams, particularly when they are faced with complex, multi-step problems. The pressure to perform well on timed exams can further exacerbate this challenge.7. Future
6) Information that is free from error or bias and accurately
represents the events or activities of the organization is
A)relevant.
B) reliable / Faithful Representation.
C) verifiable.
D)timely.
Answer: B
7) Information that does not omit important aspects of the
underlying events or activities that it measures is
A)complete.
B) accessible.
C) relevant.
D)timely.
Answer: A
8) Information is when two knowledgeable
people independently produce the same information.
A)verifiable
B) relevant
C) reliable
D)complete
Answer: A
9) Data must be converted into information to be considered
useful and meaningful for decision making. There are six
characteristics that make information both useful and
meaningful. If information is free from error or bias and
accurately represents the events or activities of the organization,
it is representative of the characteristic of
A) relevancy.
B) timeliness.
C) understandability.
D)reliability.
Answer: D
10) Inventory information is provided in real time by a firm's
accounting information system. The accuracy of this information is
questionable, however, since the production manager often
reports stock outs of components that the system indicates are in
stock. Which of the following characteristics of useful information
is absent in the situation described above?
A) relevant
B)reliable
C) complete
D)timely
E)understandable
F)verifiable
G)accessible
Test Bank For
Accounting Information Systems
15th Edition By
Marshall B. Romney, Paul J. Steinbart
| Verified Chapter's 1 - 24 | Complete
1
, Table of Contents
IntroductionExams serve as a fundamental tool in evaluating a student's understanding of a subject, particularly in fields as diverse as business, law, and mathematics. These disciplines during
math exams, particularly when they are faced with complex, multi-step problems. The pressure to perform well on timed exams can further exacerbate this challenge.7. Future
1. Accounting Information Systems: An Overview
2. Overview of Transaction Processing and Enterprise -Resource Planning Systems
3. Systems Documentation Techniques
4. Relational Databases
5. Introduction to Data Analytics in Accounting
6.Transforming Data
7. Data Analysis and Presentation
8. Fraud and Errors
9. Computer Fraud and Abuse Techniques
10. Control and Accounting Information Systems
11. Controls for Information Security
12. Confidentiality and Privacy Controls
13. Processing Integrity and Availability Controls
14. The Revenue Cycle: Sales to Cash Collections
15. The Expenditure Cycle: Purchasing to Cash Disbursements
16. The Production Cycle
17. The Human Resources Management and Payroll Cycle
18. General Ledger and Reporting System
19. Database Design Using the REA Data Model
20. Implementing an REA Model in a Relational Database
21. Special Topics in REA Modeling
22. Introduction to Systems Development and Systems Analysis
23. AIS Development Strategies
24. Systems Design, Implementation, and Operation
, IntroductionExams serve as a fundamental tool in evaluating a student's understanding of a subject, particularly in fields as diverse as business,
law, and mathematics. These disciplines pressure to perform well on timed exams can further exacerbate this challenge.7. Future
Chapter 1 Accounting Information Systems: An
Overview
1.1 Distinguish data from information, discuss the characteristics of useful information, and explain how
1) Which of the following statements below shows the
contrast between data and information?
A) Data is the output of an AIS.
B) Information is the primary output of an AIS.
C) Data is more useful in decision making than information.
D) Data and information are the same.
Answer: B
2) Information is best described as
A) raw facts about transactions.
B) data that has been organized and processed so that it is meaningful to the
user.
C) facts that are useful when processed in a timely manner.
D) the same thing as data.
Answer: B
3) The value of information can best be determined by
A) its usefulness to decision makers.
B) its relevance to decision makers.
C) the benefits associated with obtaining the information minus the cost of
producing it.
D) the extent to which it optimizes the value chain.
Answer: C
4) An accounting
information system (AIS) processes to provide users with
.
A) data; information
B) data; transactions
C) information; data
D) data; benefits
Answer: A
5) the final answer.For many students, mathematics can be an intimidating subject because it requires both
conceptual understanding and technical skill. As a result, students often experience anxiety or stress during math exams, particularly
when they are faced with complex, multi-step problems. The pressure to perform well on timed exams can further exacerbate this
challenge.7. Future information reduces uncertainty, improves
decision makers' ability to make predictions, or confirms
expectations.
A) Timely
B) Reliable
C) Relevant
D)Complete
Answer: C
, IntroductionExams serve as a fundamental tool in evaluating a student's understanding of a subject, particularly in fields as diverse as business, law, and mathematics. These disciplines math
exams, particularly when they are faced with complex, multi-step problems. The pressure to perform well on timed exams can further exacerbate this challenge.7. Future
6) Information that is free from error or bias and accurately
represents the events or activities of the organization is
A)relevant.
B) reliable / Faithful Representation.
C) verifiable.
D)timely.
Answer: B
7) Information that does not omit important aspects of the
underlying events or activities that it measures is
A)complete.
B) accessible.
C) relevant.
D)timely.
Answer: A
8) Information is when two knowledgeable
people independently produce the same information.
A)verifiable
B) relevant
C) reliable
D)complete
Answer: A
9) Data must be converted into information to be considered
useful and meaningful for decision making. There are six
characteristics that make information both useful and
meaningful. If information is free from error or bias and
accurately represents the events or activities of the organization,
it is representative of the characteristic of
A) relevancy.
B) timeliness.
C) understandability.
D)reliability.
Answer: D
10) Inventory information is provided in real time by a firm's
accounting information system. The accuracy of this information is
questionable, however, since the production manager often
reports stock outs of components that the system indicates are in
stock. Which of the following characteristics of useful information
is absent in the situation described above?
A) relevant
B)reliable
C) complete
D)timely
E)understandable
F)verifiable
G)accessible
