Solutions Manual For Accounting Information Systems 4e Vernon Richardson,Ch
s s s s s s s s s
engyee Chang, Rod Smith All Chapters
s s s s s
Chapter 1: Accounting Information Systems and Firm Value
s s s s s s s
MultiplesChoicesQuestions
1. (LOs1-1)sAccountingsinformationssystems
a. aresalwaysscomputerized.
b. reportsonlysfinanciallysrelatedsinformation.
c. aresinformationssystemssthatsrecord,sprocess,sandsreportsonstransactionsstosprovidesfinancialsa
ndsnonfinancialsinformationsforsdecisionsmakingsandscontrol.
d. requiresasCITPsdesignationstosunderstand.
Answer:sC
2. (LOs1-1)sWhichsofsthesfollowingsissascharacteristicsofsrelevance?
a. Materiality
b. Timeliness
c. Verifiable
d. Coststosgenerates
Answer:sA
3. (LOs1-2)sWhichsofsthesfollowingsissconsideredstosbesmandatorysinformationsrequiredsbysasregulatory
body?
a. 10-QssubmissionstosthesSecuritiessandsExchangesCommission
b. ThescoststosproducesasSamsungsGalaxy
c. ThesnumbersofsorganicsbananassthatsaressoldsatsWholesFoodssonsJulys28
d. Thescoststosbuildsansall-
newsStarbuckssrestaurantsinsShenzhen,sChinasAnswer:sA
4. (LOs1-4)sThescorrectsordersofseventssinsthesvalueschainsis
a. Inboundslogisticss➛sOperationss➛sService.
b. Inboundslogisticss➛sOutboundslogisticss➛sMarketingsandssales.
c. Inboundslogisticss➛sOperationss➛sOutboundslogistics.
d. Inboundslogisticss➛sOperationss➛sMarketingsandsSales.
Answer:sC
5. (LOs1-8)sWhichssystemscontributessinformationsonsdirectslaborstosascostsaccountingssystem?
a. Supplyschainsmanagementssystems(SCMS)
, EndsofsChaptersSolutionssManual:sRichardson,sChang,sSmith,sAccountingsInformationsSystems,s4thsedition
b. Financialsreportingssystems(FRS)
c. CustomersRelationalsManagementsSystems(CRM)
d. Humansresourcesmanagementssystems(HRMS)s
Answer:sD
6. (LOs1-7)sAssupplyschain
a. suppliessjewelryschains.
b. refersstosthesflowsofsmaterials,sinformation,spayments,sandsservices.
c. isssimilarsinsfunctionsandspurposestosthesvalueschain.
d. doessnotsapplystosasservicesfirmslikesansaccountingsfirm.
Answer:sB
7. (LOs1-7)sCustomersrelationshipsmanagementssoftwaresdoessnotsincludesinformationsabout
a. currentscustomers.
b. prospectivescustomers.
c. formerscustomers.
d. currentsemployees.
Answer:sD
8. (LOs1-
6)sAnsinformationssystemsthatsmeasuressandsrecordssaccountingstransactionssandsreportssthemsinsthe
sfinancialsstatementssisscalledsa
a. financialsreportingssystems(FRS).
b. enterprisessystems(ES).
c. manufacturingssystems(MS).
d. costsaccountingssystem.
Answer:sA
9. (LOs1-
3)sWhatsissthesnamesofsthespositionsforsaspersonsresponsiblesforsdeterminingsInformationsneedssofsasb
usinesssandsdesigningsassystemstosmeetsthosesneeds?
a. Chiefsinformationsofficer
b. Controller
c. ITsauditor
d. Systemssanalysts
Answer:sD
, EndsofsChaptersSolutionssManual:sRichardson,sChang,sSmith,sAccountingsInformationsSystems,s4thsedition
10. (LOs1-
9)sThesbalancessheetsaccountsmostslikelysaffectedsbysansAISsinvestmentsinssupplyschainsmanageme
ntssoftwareswouldsbe
a. inventories.
b. fixedsassets.
c. cashsandscashsequivalents.
d. unearnedsrevenue.
Answer:sA
11. (LOs1-7)sThessoftware/systemsthatshelpssmakessuresthesretailsfirmsdoesn’tshavesasstockoutsis
a. supplyschainsmanagementssoftware.
b. customersrelationshipsmanagementssoftware.
c. enterprisessystems.
d. humansresourcessystems.
Answer:sA
12. (LOs1-
9)sDatasanalyticssperformedstosidentifysthesmostsprofitablescustomersswouldsbesmostslikelystosaffectswhic
hsincomesstatementsaccount?
a. Selling,sgeneral,sandsadministrativesexpensess(SG&A)
b. Interestsexpense
c. Revenues
d. Costsofsgoodsssolds
Answer:sC
13. (LOs1-7,sLOs1-9)sCustomersrelationshipsmanagementssystemsswouldsgenerallysbesconsideredstosbe
an
a. internalsbusinesssprocess.
b. externalsbusinesssprocess.
c. interiorsbusinesssprocess.
d. exteriorsbusinesssprocess.
Answer:sB
14. (LOs1-
3)sAnsauditorstestingsinternalscontrolsswouldsgenerallysbesconsideredstosfillswhichsroleswithsrespectstosa
ccountingsinformationssystems?
a. User
, EndsofsChaptersSolutionssManual:sRichardson,sChang,sSmith,sAccountingsInformationsSystems,s4thsedition
b. Manager
c. Designer
s s s s s s s s s
engyee Chang, Rod Smith All Chapters
s s s s s
Chapter 1: Accounting Information Systems and Firm Value
s s s s s s s
MultiplesChoicesQuestions
1. (LOs1-1)sAccountingsinformationssystems
a. aresalwaysscomputerized.
b. reportsonlysfinanciallysrelatedsinformation.
c. aresinformationssystemssthatsrecord,sprocess,sandsreportsonstransactionsstosprovidesfinancialsa
ndsnonfinancialsinformationsforsdecisionsmakingsandscontrol.
d. requiresasCITPsdesignationstosunderstand.
Answer:sC
2. (LOs1-1)sWhichsofsthesfollowingsissascharacteristicsofsrelevance?
a. Materiality
b. Timeliness
c. Verifiable
d. Coststosgenerates
Answer:sA
3. (LOs1-2)sWhichsofsthesfollowingsissconsideredstosbesmandatorysinformationsrequiredsbysasregulatory
body?
a. 10-QssubmissionstosthesSecuritiessandsExchangesCommission
b. ThescoststosproducesasSamsungsGalaxy
c. ThesnumbersofsorganicsbananassthatsaressoldsatsWholesFoodssonsJulys28
d. Thescoststosbuildsansall-
newsStarbuckssrestaurantsinsShenzhen,sChinasAnswer:sA
4. (LOs1-4)sThescorrectsordersofseventssinsthesvalueschainsis
a. Inboundslogisticss➛sOperationss➛sService.
b. Inboundslogisticss➛sOutboundslogisticss➛sMarketingsandssales.
c. Inboundslogisticss➛sOperationss➛sOutboundslogistics.
d. Inboundslogisticss➛sOperationss➛sMarketingsandsSales.
Answer:sC
5. (LOs1-8)sWhichssystemscontributessinformationsonsdirectslaborstosascostsaccountingssystem?
a. Supplyschainsmanagementssystems(SCMS)
, EndsofsChaptersSolutionssManual:sRichardson,sChang,sSmith,sAccountingsInformationsSystems,s4thsedition
b. Financialsreportingssystems(FRS)
c. CustomersRelationalsManagementsSystems(CRM)
d. Humansresourcesmanagementssystems(HRMS)s
Answer:sD
6. (LOs1-7)sAssupplyschain
a. suppliessjewelryschains.
b. refersstosthesflowsofsmaterials,sinformation,spayments,sandsservices.
c. isssimilarsinsfunctionsandspurposestosthesvalueschain.
d. doessnotsapplystosasservicesfirmslikesansaccountingsfirm.
Answer:sB
7. (LOs1-7)sCustomersrelationshipsmanagementssoftwaresdoessnotsincludesinformationsabout
a. currentscustomers.
b. prospectivescustomers.
c. formerscustomers.
d. currentsemployees.
Answer:sD
8. (LOs1-
6)sAnsinformationssystemsthatsmeasuressandsrecordssaccountingstransactionssandsreportssthemsinsthe
sfinancialsstatementssisscalledsa
a. financialsreportingssystems(FRS).
b. enterprisessystems(ES).
c. manufacturingssystems(MS).
d. costsaccountingssystem.
Answer:sA
9. (LOs1-
3)sWhatsissthesnamesofsthespositionsforsaspersonsresponsiblesforsdeterminingsInformationsneedssofsasb
usinesssandsdesigningsassystemstosmeetsthosesneeds?
a. Chiefsinformationsofficer
b. Controller
c. ITsauditor
d. Systemssanalysts
Answer:sD
, EndsofsChaptersSolutionssManual:sRichardson,sChang,sSmith,sAccountingsInformationsSystems,s4thsedition
10. (LOs1-
9)sThesbalancessheetsaccountsmostslikelysaffectedsbysansAISsinvestmentsinssupplyschainsmanageme
ntssoftwareswouldsbe
a. inventories.
b. fixedsassets.
c. cashsandscashsequivalents.
d. unearnedsrevenue.
Answer:sA
11. (LOs1-7)sThessoftware/systemsthatshelpssmakessuresthesretailsfirmsdoesn’tshavesasstockoutsis
a. supplyschainsmanagementssoftware.
b. customersrelationshipsmanagementssoftware.
c. enterprisessystems.
d. humansresourcessystems.
Answer:sA
12. (LOs1-
9)sDatasanalyticssperformedstosidentifysthesmostsprofitablescustomersswouldsbesmostslikelystosaffectswhic
hsincomesstatementsaccount?
a. Selling,sgeneral,sandsadministrativesexpensess(SG&A)
b. Interestsexpense
c. Revenues
d. Costsofsgoodsssolds
Answer:sC
13. (LOs1-7,sLOs1-9)sCustomersrelationshipsmanagementssystemsswouldsgenerallysbesconsideredstosbe
an
a. internalsbusinesssprocess.
b. externalsbusinesssprocess.
c. interiorsbusinesssprocess.
d. exteriorsbusinesssprocess.
Answer:sB
14. (LOs1-
3)sAnsauditorstestingsinternalscontrolsswouldsgenerallysbesconsideredstosfillswhichsroleswithsrespectstosa
ccountingsinformationssystems?
a. User
, EndsofsChaptersSolutionssManual:sRichardson,sChang,sSmith,sAccountingsInformationsSystems,s4thsedition
b. Manager
c. Designer
