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ATI ACCOUNTING FINAL EXAM STUDY GUIDE
ATI ACCOUNTING FINAL EXAM STUDY GUIDE 
Accounting Information Systems - CORRECT ANSWER -A system that records, processes, summarizes, reports and communicates the results of business transactions to provide financial and nonfinancial information to facilitate decision making. 
It is designed to ensure appropriate levels of internal controls for those transactions. 
 
What makes information useful? - CORRECT ANSWER -In order for information to be useful, it must be relevant and be a faithful...
- Exam (elaborations)
- • 7 pages •
ATI ACCOUNTING FINAL EXAM STUDY GUIDE 
Accounting Information Systems - CORRECT ANSWER -A system that records, processes, summarizes, reports and communicates the results of business transactions to provide financial and nonfinancial information to facilitate decision making. 
It is designed to ensure appropriate levels of internal controls for those transactions. 
 
What makes information useful? - CORRECT ANSWER -In order for information to be useful, it must be relevant and be a faithful...
ADVANCED ATI ACCOUNTING QUESTIONS AND ANSWER
ADVANCED ATI ACCOUNTING QUESTIONS AND ANSWER 
Preparing a budget for a business is considered 
A. Financial acct. 
B. Managerial acct. - CORRECT ANSWER -Managerial 
 
Accounting is the information system that 
A. Measures business activities 
B. Communicates the results to decision makers 
C. Process info into reports 
D. All of the above - CORRECT ANSWER -All of the above 
 
Which of the following is not an external user of a business's financial information 
A. Taxing authorities...
- Exam (elaborations)
- • 40 pages •
ADVANCED ATI ACCOUNTING QUESTIONS AND ANSWER 
Preparing a budget for a business is considered 
A. Financial acct. 
B. Managerial acct. - CORRECT ANSWER -Managerial 
 
Accounting is the information system that 
A. Measures business activities 
B. Communicates the results to decision makers 
C. Process info into reports 
D. All of the above - CORRECT ANSWER -All of the above 
 
Which of the following is not an external user of a business's financial information 
A. Taxing authorities...