Study guides, Class notes & Summaries

AIS Exam 1 with Verified & Updated Solutions An accounting information system must be able to perform which of the following tasks? A. collect transaction data B. process transaction data C. provide adequate controls D. All of these - ANSWER ️️ D. All of these Paid time-off policies, job descriptions, and procedures manuals are examples of information needed to support key decisions in what business process? Select one: A. sell merchandise B. hire and train employees C. acquire i...

AIS Exam #1 (Chapters 1-3) Questions and Answers System - ANS ️️ a set of two or more interrelated components interacting to achieve a goal Goal Conflict - ANS ️️ occurs when components act in their own interest w/o regard for the overall goal Goal Congruence - ANS ️️ occurs when components acting in their own interest contribute toward the overall goal Synergy - ANS ️️ when the sum is greater than the individual parts Data - ANS ️️ raw facts and figures that are coll...

AIS Exam 1 with Detailed & Verified Solutions Supply Chain Managment - ANSWER ️️ tracks inventory effects: dec COGS, Interest Expense, AND NI ERP - ANSWER ️️ - centralized database effects: dec S, G, & AND NI CRM - ANSWER ️️ customer satisfaction effects: inc revenue AND NI Data - ANSWER ️️ raw facts describe event (input) Info - ANSWER ️️ organized data (output) Info Value Chain - ANSWER ️️ Business Need and Event --> data --> Info --> Knowledge -->...

AIS Exam with Complete| Verified & Updated Solutions Which of the folliwing is NOT true about accounting information systems? - ANS ️️ All AIS are computerized Which of the following is likely to be information rather than data? - ANS ️️ Net Profit With respect to a computerized AIS, computers - ANS ️️ cannot catch mistakes as well as humans A dashboard is - ANS ️️ A summary screen typically used by managers The Sarbanes-Oxley Act of 2002 - ANS ️️ Forbids companies fr...

AIS Exam with Correct Answers Which of the following is usually a benefit of using electronic funds transfer for international cash transactions? - ANS ️️ Reduction of the frequency of data entry errors An enterprise resource planning system is designed to: - ANS ️️ Integrate data from all aspects of an organizations activities In an accounting information system, which of the following types of computer files most likely would be a master file? - ANS ️️ Inventory subsidiary ...

AIS Exam 2 (Questions & Answers| Complete & Verified) Which kind of flowchart shows the logic associated with instructions given to a computer? - ANSWER ️️ Program Which kind of flowchart shows relationships between computers, printers, monitors and similar devices? - ANSWER ️️ Hardware Which of the following is most likely to be seen in a hardware flowchart? - ANSWER ️️ Scanner Which of the following would best be depicted with a systems flowchart: (i) steps in the accountin...

AIS - Exam #1 (Chapter 2) Questions and Answers Accounting - ANSWER ️️ Bookkeeping is typically done before accounting, the process of identifying, measuring, and communicating economic decisions to permit informed judgments Bookkeeping - ANSWER ️️ A part of accounting that involves only the recording of economic events Not guaranteed success in the accounting profession The accounting cycle - ANSWER ️️ the process by which companies produce their financial statements for a s...

AIS Exam #1 with correct Answers output - ANSWER ️️ A monthly sales report produced by an information system would be an example of an __________ activity transactions - ANSWER ️️ An accounting information system is defined as a system that records, processes and reports on business __________ (decisions/transactions) discretionary information - ANSWER ️️ managerial accounting information is generally produced for internal information purposes and would be considered to be __...

AIS Exam 2 Questions & Answers What is the maximum fine imposed by the DATA 2009 law for failure to send notification of a breach of personal identifying information? - ANSWER ️️ $5 million ADS is a standard format for data files and fields typically needed to support an external audit in a given financial business process area that was developed by the AICPA. The acronym ADS stands for what three words? - ANSWER ️️ Audit data standards Which of the following, on its own, is not ...