TEST BANK COMPLETE_
ACCOUNTING INFORMATION SYSTEMS 4TH EDITION,
(2023)
BY VERNON RICHARDSON, CHENGYEE JANIE CHANG, ROD E. SMITH
ALL CHAPTERS 1-17| LATEST VERSION WITH VERIFIED ANSWERS| RATED A+
,chapter 1: accounting information systems and firm value ____________________________ 3
chapter 2: data analytics: addressing accounting questions with data _________________ 26
chapter 3: data analytics: data visualizations _____________________________________ 33
chapter 4: process modeling and documentation tools ______________________________ 44
chapter 5: data modeling and control concepts ____________________________________ 63
chapter 6: relational databases and enterprise systems _____________________________ 75
chapter 7: sales and collections business process __________________________________ 108
chapter 8: purchases and payments business process ______________________________ 127
chapter 9: conversion business process __________________________________________ 140
chapter 10: integrated project _________________________________________________ 156
chapter 11: accounting information systems and internal controls ___________________ 165
chapter 12: cybersecurity and computer fraud ____________________________________ 181
chapter 13: monitoring and auditing ais _________________________________________ 223
chapter 14: extensible business reporting language (xbrl) __________________________ 236
chapter 15: emerging technologies: blockchain and ai automation ___________________ 253
chapter 16: the balanced scorecard and business value of information technology ______ 264
chapter 17: justifying and planning it initiatives using project management techniques __ 281
,Chapter 1: accounting information systems and firm value
vernon richardson: accounting information systems 4th edition, (2023) test bank
Multiple choice questions
1. (lo 1-1) accounting information systems
A. Are always computerized.
B. Report only financially related information.
C. Are information systems that record, process, and report on transactions to provide
financial and nonfinancial information for decision making and control.
D. Require a citp designation to understand.
ANSWER:> c
Accounting information systems (ais) are designed to record, process, and report both
financial and non-financial information. They support decision-making and control,
helping businesses manage transactions and other activities. While ais may often be
computerized, this is not always the case, so option (a) is incorrect. Option (b) is too
limiting because ais can handle both financial and non-financial information. The citp
designation is not required to understand these systems, making option (d) incorrect.
2. (lo 1-1) which of the following is a characteristic of relevance?
A. Materiality
B. Timeliness
C. Verifiable
D. Cost to generate
ANSWER:> a
Relevance refers to information that is capable of influencing decisions. Materiality is an
important characteristic of relevance because information is material if its omission or
misstatement could affect decision-making. Timeliness (b) refers to the importance of
, information being available when needed but doesn't directly define relevance.
Verifiability (c) and cost to generate (d) are not core characteristics of relevance.
3. (lo 1-2) which of the following is considered to be mandatory information 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
ANSWER:> a
The 10-q is a mandatory filing that companies must submit to the securities and exchange
commission (sec), providing quarterly financial reports. Options (b), (c), and (d) are not
regulatory requirements, and thus are not mandatory in the same way.
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
ANSWER:> c
The correct order of events in the value chain begins with inbound logistics, followed by
operations (where products are produced), and then outbound logistics (distributing the
finished product). This sequence reflects how products are created and delivered. Options
(a), (b), and (d) are incorrect because they mix the order of processes involved in the
value chain.
5. (lo 1-8) which system contributes information on direct labor to a cost accounting
system?
A. Supply chain management system (scms)
ACCOUNTING INFORMATION SYSTEMS 4TH EDITION,
(2023)
BY VERNON RICHARDSON, CHENGYEE JANIE CHANG, ROD E. SMITH
ALL CHAPTERS 1-17| LATEST VERSION WITH VERIFIED ANSWERS| RATED A+
,chapter 1: accounting information systems and firm value ____________________________ 3
chapter 2: data analytics: addressing accounting questions with data _________________ 26
chapter 3: data analytics: data visualizations _____________________________________ 33
chapter 4: process modeling and documentation tools ______________________________ 44
chapter 5: data modeling and control concepts ____________________________________ 63
chapter 6: relational databases and enterprise systems _____________________________ 75
chapter 7: sales and collections business process __________________________________ 108
chapter 8: purchases and payments business process ______________________________ 127
chapter 9: conversion business process __________________________________________ 140
chapter 10: integrated project _________________________________________________ 156
chapter 11: accounting information systems and internal controls ___________________ 165
chapter 12: cybersecurity and computer fraud ____________________________________ 181
chapter 13: monitoring and auditing ais _________________________________________ 223
chapter 14: extensible business reporting language (xbrl) __________________________ 236
chapter 15: emerging technologies: blockchain and ai automation ___________________ 253
chapter 16: the balanced scorecard and business value of information technology ______ 264
chapter 17: justifying and planning it initiatives using project management techniques __ 281
,Chapter 1: accounting information systems and firm value
vernon richardson: accounting information systems 4th edition, (2023) test bank
Multiple choice questions
1. (lo 1-1) accounting information systems
A. Are always computerized.
B. Report only financially related information.
C. Are information systems that record, process, and report on transactions to provide
financial and nonfinancial information for decision making and control.
D. Require a citp designation to understand.
ANSWER:> c
Accounting information systems (ais) are designed to record, process, and report both
financial and non-financial information. They support decision-making and control,
helping businesses manage transactions and other activities. While ais may often be
computerized, this is not always the case, so option (a) is incorrect. Option (b) is too
limiting because ais can handle both financial and non-financial information. The citp
designation is not required to understand these systems, making option (d) incorrect.
2. (lo 1-1) which of the following is a characteristic of relevance?
A. Materiality
B. Timeliness
C. Verifiable
D. Cost to generate
ANSWER:> a
Relevance refers to information that is capable of influencing decisions. Materiality is an
important characteristic of relevance because information is material if its omission or
misstatement could affect decision-making. Timeliness (b) refers to the importance of
, information being available when needed but doesn't directly define relevance.
Verifiability (c) and cost to generate (d) are not core characteristics of relevance.
3. (lo 1-2) which of the following is considered to be mandatory information 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
ANSWER:> a
The 10-q is a mandatory filing that companies must submit to the securities and exchange
commission (sec), providing quarterly financial reports. Options (b), (c), and (d) are not
regulatory requirements, and thus are not mandatory in the same way.
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
ANSWER:> c
The correct order of events in the value chain begins with inbound logistics, followed by
operations (where products are produced), and then outbound logistics (distributing the
finished product). This sequence reflects how products are created and delivered. Options
(a), (b), and (d) are incorrect because they mix the order of processes involved in the
value chain.
5. (lo 1-8) which system contributes information on direct labor to a cost accounting
system?
A. Supply chain management system (scms)
