ACC 409 EXAM 1 QUESTIONS AND ANSWERS 100%
VERIFIED RATED A+
What is a system? - ANSWER a framework of interacting parts that work together to achieve
an objective
What is a system problem? - ANSWER when the system objective is not being met
How do accountants address system problems? - ANSWER Clearly identify the system
objective in order to explain why there is a system problem/using critical thinking
What is an AIS? - ANSWER Accounting Information Systems
a more specific type of system that involves a framework of people, processes, technologies,
and controls that work together to provide information needed to operate effectively and
efficiently, make sound decisions, and file necessary reports accurately and on a timely basis
What are the components of an AIS? - ANSWER people, processes, technology, controls
What is the difference between data and information? - ANSWER Data represents raw
unorganized facts that need to be processed. Information is organized data that provides
meaning.
What are the two types of data? - ANSWER qualitative and quantitative
, What is quantitative data? - ANSWER a numerical value
What is qualitative data? - ANSWER data that has a non-numerical value and is also relevant
to organizations
What are the characteristics of useful information? - ANSWER relevant, reliable, timely,
complete, understandable
How is the value of information determined? - ANSWER benefit produced - the cost of
producing the information
How do you use IT to achieve a competitive advantage? - ANSWER by improving service to
customers, access to data, and cutting costs, which can then lead to lower prices, improved
customer satisfaction, better decisions, increased revenue, and increased profit
Which of the following would not be a part of an accounting information system?
-A monthly petty cash count
-A journal—a book of original entry
-Marketing employees
-An employee time card - ANSWER marketing employees
VERIFIED RATED A+
What is a system? - ANSWER a framework of interacting parts that work together to achieve
an objective
What is a system problem? - ANSWER when the system objective is not being met
How do accountants address system problems? - ANSWER Clearly identify the system
objective in order to explain why there is a system problem/using critical thinking
What is an AIS? - ANSWER Accounting Information Systems
a more specific type of system that involves a framework of people, processes, technologies,
and controls that work together to provide information needed to operate effectively and
efficiently, make sound decisions, and file necessary reports accurately and on a timely basis
What are the components of an AIS? - ANSWER people, processes, technology, controls
What is the difference between data and information? - ANSWER Data represents raw
unorganized facts that need to be processed. Information is organized data that provides
meaning.
What are the two types of data? - ANSWER qualitative and quantitative
, What is quantitative data? - ANSWER a numerical value
What is qualitative data? - ANSWER data that has a non-numerical value and is also relevant
to organizations
What are the characteristics of useful information? - ANSWER relevant, reliable, timely,
complete, understandable
How is the value of information determined? - ANSWER benefit produced - the cost of
producing the information
How do you use IT to achieve a competitive advantage? - ANSWER by improving service to
customers, access to data, and cutting costs, which can then lead to lower prices, improved
customer satisfaction, better decisions, increased revenue, and increased profit
Which of the following would not be a part of an accounting information system?
-A monthly petty cash count
-A journal—a book of original entry
-Marketing employees
-An employee time card - ANSWER marketing employees
