Accounting Information Systems, 1st Edition | Complete Test Bank with Answers

TESTBANK
Accounting Information System1st Edition oa




Chapter01: Accounting as Information rf rf




1) Accountingcommunicatestostakeholders rf rf rf




A) Minimally required publicfinancial data. rf rf rf rf



B) the financial outcomesofoperating,investing,and financing activities.
oa oa rf oa oa




C) the salesstrategyfortheoperating,marketing,and salesactivities.
oa rf oa




D) Black and white detailsabout theeconomics ofoperatin
oa oa rf oa oa




g activities.Answer: B
rf rf



Diff:1
LearningObjective:1.1Explain howaccountingaffectsboththe demandforand supply rf oa oa oa r f



of information.
rl



SectionReference:WhyisAccounting Information Important?AACSB: Communicat oa rf r f



ion
Bloom's: Comprehension AICP rf rl



A: AC:Reporting
r f




2) Accounting communicatesthefinancial outcomesofa business'sactivitiesfor
oa oa oa




A) operating.
B) investing.
C) financing.
D) All of these answerchoicesare
oa oa oa




correct.Answer: D
r f rf



Diff:1
LearningObjective:1.1Explain howaccountingaffectsboththedemand forand supply rf oa oa oa r f



of information.
rl



SectionReference:WhyisAccounting Information Important?AACSB: Communicat oa rf r f



ion
Bloom's: Comprehension AICP rf rl



A: AC:Reporting
r f




3) Inwhatwaydomanagementteams use accountingdata?
rf rf rf rf oa




A) Management teamsuseaccountingdata tomakebusinessdecisions. oa oa




B) Management teamsuseaccounting data tomakeandexecuteplans. oa oa oa




C) Management teamsuseeconomicand accountingdatatogethertomakedecisions.
oa oa oa




D) All of these answerchoicesare
oa oa oa




correct.Answer: D
r f rf



Diff:1
LearningObjective:1.1Explain howaccountingaffectsboththedemandforand supply rf oa oa r



f of information.
rl



SectionReference:WhyisAccountingInformation Important?AACSB: An rf rf r f



alytic
Bloom's: Comprehension
AICPA: AC:Risk Assessment,Analysis,andManagement oa




1

,4) Which statementisTRUE? oa




A) Accounting consists ofrigidblack and whiterules. oa oa oa oa rf



B) Accountants crunch numbers,not makedecisions. oa oa oa




C) Accountinghelpssupport aprosperoussociety. a
o oa oa rf



D) Accountantsfocuson debitsand credits,not business oa oa oa




activities.Answer: C
rf rf



Diff:1
LearningObjective:1.1Explain howaccountingaffects boththedemand forand supply
rf oa oa oa oa r f



of information.rl



SectionReference:WhyisAccounting Information Important?AACSB: oa rf r



fAnalytic
Bloom's: Comprehensio rf



n AICPA: N/A
rl r f




5) WhichofthefollowingisNOTa component ofaninformation system?
oa a
o oa oa rf oa




A) Hardware
B) Software
C) Input
D) Network
Answer:
r f r f



C Diff:1 rf rf



LearningObjective:1.1Explain howaccountingaffects boththedemand forand supply
rf oa oa oa oa r f



of information.rl



SectionReference:WhyisAccounting Information Important?AACSB: oa rf r



fAnalytic
Bloom's: Knowledge
AICPA: AC:Systemsand ProcessManagement oa




6) Input toan informationsystemconsists of
oa oa oa




A) rawandunorganizeddata.
B) hardware andsoftware. oa




C) reported information. oa




D) processeddata.
Answer:
r f



A Diff:1 r f rf



LearningObjective:1.1Explain howaccountingaffectsboththe demandforand supply o
rf oa oa oa r f



f information.
rl



SectionReference:WhyisAccounting Information Important?AACSB: oa rf r



f Analytic
Bloom's: Knowledge
AICPA: AC:Systems andProcessManagement

7) Whichofthefollowingisa definition ofoutput from aninformation system? a
o oa oa oa oa oa




A) Outputis rawand unorganizeddata. oa rf oa




B) Output isinformation producedbyprocessing data.
oa oa rf oa




C) Output isdatabasefactsand figures. oa oa




D) Outputis information collectedfrom oa rf




2

,users.Answer: B
rfr f




3

, Diff:1
LearningObjective:1.1Explain howaccountingaffects boththe demand forand supply of
rf oa oa oa oa oa rf r



information.
l



SectionReference:WhyisAccounting Information Important?AACSB: oa rf r



Analytic
f



Bloom's: Comprehension
AICPA: AC:Systems andProcessManagement

8) Whichstatement concerning data isTRUE? oa oa oa rf



A) Data isuselessto abusinessuntil transformed intoinformation.
oa oa oa oa




B) Data isthe output from an informationsystem.
oa oa oa oa oa




C) Data is organized intounderstandableformats.
oa oa oa




D) Data isprocessed beforebeinginput intothe information
oa oa oa oa




system.Answer: A
rf rf



Diff:1
LearningObjective: 1.1Explain howaccounting affectsboththedemandforand supply ofinfor
rfrf rf oa oa oa r f



mation.
SectionReference:WhyisAccounting Information Important?AACSB: oa rf r



Analytic
f



Bloom's: Comprehension
AICPA: AC:Systems andProcessManagement

9) Whichofthefollowingactivitieswould NOTresult in a transaction inan oa oa oa oa oa




accountinginformationsystem?
r f rf



A) Sell goodstoa customeronaccount
oa oa




B) Purchasesupplieson credit oa




C) Prepayforsix monthsof insurance rf rf rf



D) Receivea customer oa




orderAnswer: D Dif
r f rf r f



f:2
LearningObjective: 1.1Explain howaccountingaffectsboththedemandforand supply ofinfor
r f rf oa oa r f



mation.
SectionReference:WhyisAccounting Information Important?AACSB: oa rf r



Analytic
f



Bloom's: Application
AICPA: AC:Systems andProcessManagement




4