Accounting Information Systems 4e Vernon Richardson, Chengyee Chang, Rod Smith (Solutions Manual All Chapters, 100% Original Verified, A+ Grade) All Chapters Solutions Manual Supplement files download link at the end of this file.

Accounting Information Systems 4e Vernon Richardson, Chengyee Chang,
Rod Smith (Solutions Manual All Chapters, 100% Original Verified, A+
Grade) All Chapters Solutions Manual Supplement files download link at the
end of this file.


Chapter 1: Accounting Information Systems and Firm Value
b b b b b b b




Multiple Choice Questions
b b




1. (LO 1-1) Accounting information systems
b b b b




a. are always computerized.
b b




b. report only financially related information.
b b b b




c. are information systems that record, process, and report on transactions to provide financial
b b b b b b b b b b b b




and nonfinancial information for decision making and control.
b b b b b b b b




d. require a CITP designation to understand. b b b b b




Answer: C b




2. (LO 1-1) Which of the following is a characteristic of relevance?
b b b b b b b b b b




a. Materiality
b. Timeliness
c. Verifiable
d. Cost to generate b b




Answer: A
b b




3. (LO 1-2) Which of the following is considered to be mandatory information required by a regulatory
b b b b b b b b b b b b b b b



body?

a. 10-Q submission to the Securities and Exchange Commission
b b b b b b b




b. The cost to produce a Samsung Galaxy
b b b b b b




c. The number of organic bananas that are sold at Whole Foods on July 28
b b b b b b b b b b b b b




d. The cost to build an all-new Starbucks restaurant in Shenzhen, China
b b b b b b b b b b




Answer: A
b b




4. (LO 1-4) The correct order of events in the value chain is
b b b b b b b b b b b




a. Inbound logistics ➛ Operations ➛ Service. b b b b b




b. Inbound logistics ➛ Outbound logistics ➛ Marketing and sales.
b b b b b b b b




c. Inbound logistics ➛ Operations ➛ Outbound logistics.
b b b b b b

, d. Inbound logistics ➛ Operations ➛ Marketing and Sales.
b b b b b b b




Answer: C b




5. (LO 1-8) Which system contributes information on direct labor to a cost accounting system?
b b b b b b b b b b b b b




a. Supply chain management system (SCMS)
b b b b

, th
End of Chapter Solutions Manual: Richardson, Chang, Smith, Accounting Information Systems, 4 edition
b b b b b b b b b b b b




b. Financial reporting system (FRS) b b b




c. Customer Relational Management System (CRM) b b b b




d. Human resource management system (HRMS) b b b b




Answer: D
b b




6. (LO 1-7) A supply chain
b b b b




a. supplies jewelry chains. b b




b. refers to the flow of materials, information, payments, and services.
b b b b b b b b b




c. is similar in function and purpose to the value chain.
b b b b b b b b b




d. does not apply to a service firm like an accounting firm.
b b b b b b b b b b




Answer: B b




7. (LO 1-7) Customer relationship management software does not include information about
b b b b b b b b b b




a. current customers. b




b. prospective customers. b




c. former customers. b




d. current employees. b




Answer: D b




8. (LO 1-6) An information system that measures and records accounting transactions and reports
b b b b b b b b b b b b




them in the financial statements is called a
b b b b b b b b




a. financial reporting system (FRS).b b b




b. enterprise system (ES). b b




c. manufacturing system (MS). b b




d. cost accounting system.
b b




Answer: A b




9. (LO 1-3) What is the name of the position for a person responsible for determining Information
b b b b b b b b b b b b b b b




needs of a business and designing a system to meet those needs?
b b b b b b b b b b b b




a. Chief information officer
b b




b. Controller
c. IT auditor
b




d. Systems analyst b




Answer: D
b b

, th
End of Chapter Solutions Manual: Richardson, Chang, Smith, Accounting Information Systems, 4 edition
b b b b b b b b b b b b




10. (LO 1-9) The balance sheet account most likely affected by an AIS investment in supply chain
b b b b b b b b b b b b b b b




management software would be
b b b b




a. inventories.
b. fixed assets. b




c. cash and cash equivalents.
b b b




d. unearned revenue. b




Answer: A b




11. (LO 1-7) The software/system that helps make sure the retail firm doesn’t have a stockout is
b b b b b b b b b b b b b b b




a. supply chain management software.
b b b




b. customer relationship management software. b b b




c. enterprise systems. b




d. human resource systems. b b




Answer: A b




12. (LO 1-9) Data analytics performed to identify the most profitable customers would be most likely to
b b b b b b b b b b b b b b b




affect which income statement account?
b b b b b




a. Selling, general, and administrative expenses (SG&A)
b b b b b




b. Interest expense b




c. Revenues
d. Cost of goods sold
b b b




Answer: C
b b




13. (LO 1-7, LO 1-9) Customer relationship management systems would generally be considered to be
b b b b b b b b b b b b b



an

a. internal business process. b b




b. external business process. b b




c. interior business process. b b




d. exterior business process. b b




Answer: B b




14. (LO 1-3) An auditor testing internal controls would generally be considered to fill which role with
b b b b b b b b b b b b b b b




respect to accounting information systems?
b b b b b




a. User
b. Manager
c. Designer