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Exam 1: Rolse and Purpose of Accountig Information Systems

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Question 31

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A typical accounting information system comprises ___ parts.

A) Three.
B) Four.
C) Five.
D) Six.

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Question 32

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Accounting information systems:

A) Emphasize that the areas of accounting (financial, tax and so on) are separate and unrelated.
B) Focus on problems that have deterministic answers.
C) Is an important foundation for the study of auditing.
D) Is the most important area of accounting study.

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Question 33

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Which of the following are parts of most accounting information systems?

_____ in an accounting information system helps promote _____ in the financial statements.

Which of the following best illustrates why accounting information systems is an important area of study for future accountants?

Indicate whether each of the following statements regarding accounting information systems is : (note: You do not need to write a justification for the statements that are sometimes true).

Internal controls in an accounting information system help promote information integrity. Which of the following best explains the concept of information integrity?

The web site for Dell Computers is an example of ___ information.

Accounting information systems involve choices such as: (i) whether or not to incorporate information technology, (ii) whether or not to pre-number documents like checks.

Which of the following statements is/are true when comparing accounting information systems with basic financial accounting: (i) problems never have "one right answer," (ii) computers are essential to both areas.

Which of the following is NOT an example of an input to the accounting information system?

Which of the following is the best example of "information" as the term is used in "accounting information systems?"

AIS structure - Ben and Uma own and operate Framing World, a company that frames diplomas, professional certificates and other documents. Customers bring in the documents they want framed; Ben or Uma fills out a sales order noting the client's information (name, address and so on), the type of document to be framed and the details of the framing itself (such as the type and color of frame). They also scan the document to the store's internal computer network for reference purposes. Most documents are framed by hand, but Framing World also uses some specialized equipment for more complex jobs. The company maintains its accounting records in a general ledger system; the firm's accountant prepares monthly reports, such as income statements and bank reconciliations, using spreadsheets and word processing software. Work in process and finished goods inventory are kept secure with alarm systems and video surveillance. Accounting information systems typically comprise five elements. Analyze the preceding narrative by identifying specific examples of each element. Record your responses in the grid below. $\begin{array} { | c | c | } \hline \text { AIS element } & \text { Example from Framing World } \\\hline\\\hline\\\hline\\\hline\\\hline\\\hline\end{array}$

Sebastian wrote a check to pay a supplier's invoice. The check had to be signed by two company officers and was later part of a monthly bank reconciliation. The canceled check was filed under the supplier's name. -The inputs mentioned in the preceding scenario are

Which of the following best demonstrates the relationship between accounting information systems and other areas of accounting?

Sebastian wrote a check to pay a supplier's invoice. The check had to be signed by two company officers and was later part of a monthly bank reconciliation. The canceled check was filed under the supplier's name. -The internal controls mentioned in the preceding scenario are:

The relationship between accounting information systems and information technology is most clearly shown by: (i) using debits and credits to record transactions, (ii) incorporating journals and ledgers as processing tools.

According to the text, information about accounting information systems on the Internet falls into ___ main groups.

As the term is used in information literacy, "currency" means:

AIS definition - Use terms from the following list to fill in the blanks in the definition of accounting information systems: Activities Data Decision makers Diverse Documents Information Interrelated Technologies An accounting information system is a set of ___ ___, ___ and ___ designed to collect ___, process it and report ___ to a ___ group of internal and external ___ in organizations.