ACC 409 Exam 1 || Questions and 100% Accurate Answers.
information correct answers Data that have been organized and processed to provide meaning
and improve decision making.
Data correct answers Facts that are collected recorded, stored, and processed by an information
system
Relevant correct answers reduces uncertainty, improves decision making, or confirms or corrects
prior expectations
Reliable correct answers free from error or bias; accurately represents organization events or
activities
Complete correct answers does not omit important aspects of the events or activities it measures
Timely correct answers provided in time for decision makers to make decisions
understandable correct answers presented in a useful and intelligible format
Verifiable correct answers two independent, knowledgeable people produce the same
information
Accesessible correct answers Available to users when they need it and in a format they can use
value of information correct answers the benefit provided by information less the cost of
producing it
characteristics of Useful Information correct answers relevant, reliable, complete, timely,
understandable, verifiable, accessible
Accounting Information System (AIS) correct answers is the intelligence-- the information-
providing vehicle-of that language
Accounting Information Systems (AIS) 6 Components correct answers 1)The PEOPLE who use
the system
2)The PROCEDURES AND INSTRUCTION used to collect, process, and store data
3)The DATA about the organization and its business activities
4)The SOFTWARE used to process the data
5)The INFORMATION TECHNOLOGY INFRASTRUCTURE, including the computers,
peripheral devices, and network communications devices used in the AIS
, 6)The INTERNAL CONTROLS AND SECURITY MEASURES that safeguard AIS data
How Accounting Information Systems (AIS) correct answers 1)Improving the QUALITY and
reducing the costs of products or services
2)Improving EFFICIENCY
3)Sharing KNOWLEDGE and expertise can improve operations and provide a competitive
advantage
4)Improving the EFFICIENCY and effectiveness of its supply chain
5)Improving the INTERNAL CONTROL structure
6)Improving DECISION MAKING
Improving the quality and reducing the costs of products or services (What is an Example)
correct answers Example
a) An AIS can monitor machinery so operators are notified immediately when performance falls
outside acceptable quality limits
b) This helps maintain product quality, reduce waste, and lower costs
Improving efficiency (What is an Example) correct answers Example
Timely information makes a just-in-time manufacturing approach possible, as it requires
constant, accurate, up-to-date information about raw materials inventories and their locations
Sharing Knowledge (What is an Example) correct answers Example
a) CPA firms use their information systems to share best practices and to support
communication between offices
b) Employees can search the corporate database to identify experts to provide assistance for
particular client
c) Thus, a CPA firm's international expertise can be made available to any local client
Improving the internal control structure (What is an Example) correct answers Example
An AIS with the proper internal control structure can help protect systems from fraud, errors,
systems failures, and disasters
Improving decisions making (What is an Example) correct answers Example
Improved decision making is vitally important and is discussed below in more detail
information correct answers Data that have been organized and processed to provide meaning
and improve decision making.
Data correct answers Facts that are collected recorded, stored, and processed by an information
system
Relevant correct answers reduces uncertainty, improves decision making, or confirms or corrects
prior expectations
Reliable correct answers free from error or bias; accurately represents organization events or
activities
Complete correct answers does not omit important aspects of the events or activities it measures
Timely correct answers provided in time for decision makers to make decisions
understandable correct answers presented in a useful and intelligible format
Verifiable correct answers two independent, knowledgeable people produce the same
information
Accesessible correct answers Available to users when they need it and in a format they can use
value of information correct answers the benefit provided by information less the cost of
producing it
characteristics of Useful Information correct answers relevant, reliable, complete, timely,
understandable, verifiable, accessible
Accounting Information System (AIS) correct answers is the intelligence-- the information-
providing vehicle-of that language
Accounting Information Systems (AIS) 6 Components correct answers 1)The PEOPLE who use
the system
2)The PROCEDURES AND INSTRUCTION used to collect, process, and store data
3)The DATA about the organization and its business activities
4)The SOFTWARE used to process the data
5)The INFORMATION TECHNOLOGY INFRASTRUCTURE, including the computers,
peripheral devices, and network communications devices used in the AIS
, 6)The INTERNAL CONTROLS AND SECURITY MEASURES that safeguard AIS data
How Accounting Information Systems (AIS) correct answers 1)Improving the QUALITY and
reducing the costs of products or services
2)Improving EFFICIENCY
3)Sharing KNOWLEDGE and expertise can improve operations and provide a competitive
advantage
4)Improving the EFFICIENCY and effectiveness of its supply chain
5)Improving the INTERNAL CONTROL structure
6)Improving DECISION MAKING
Improving the quality and reducing the costs of products or services (What is an Example)
correct answers Example
a) An AIS can monitor machinery so operators are notified immediately when performance falls
outside acceptable quality limits
b) This helps maintain product quality, reduce waste, and lower costs
Improving efficiency (What is an Example) correct answers Example
Timely information makes a just-in-time manufacturing approach possible, as it requires
constant, accurate, up-to-date information about raw materials inventories and their locations
Sharing Knowledge (What is an Example) correct answers Example
a) CPA firms use their information systems to share best practices and to support
communication between offices
b) Employees can search the corporate database to identify experts to provide assistance for
particular client
c) Thus, a CPA firm's international expertise can be made available to any local client
Improving the internal control structure (What is an Example) correct answers Example
An AIS with the proper internal control structure can help protect systems from fraud, errors,
systems failures, and disasters
Improving decisions making (What is an Example) correct answers Example
Improved decision making is vitally important and is discussed below in more detail
