Solution Manual for Accounting Information Systems, 4th Edition – Richardson, Chang, Smith – All Chapters Verified

SOLUTION MANUAL for Accounting Information Sys
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tems 4th Edition by Vernon Richardson, Chengyee Janie
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Chang, Rod E. Smith . . .




All Chapters Fully Covered| Verified Questions & Accurate Solutions fo
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r Exam Preparations| A+ GRADED
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, Chapter.1:.Accounting.Information.Systems.and.Firm.Value.Multiple.

Choice.Questions

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

a. are.always.computerized.

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

c. are.information.systems.that.record,.process,.and.report.on.transactions.to.provide.financial.and.nonf
inancial.information.for.decision.making.and.control.

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

Correct.Answer:.C



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

a. Materiality

b. Timeliness

c. Verifiable

d. Cost.to.generate.Correct.Answer:.A



3. (LO.1-

2).Which.of.the.following.is.considered.to.be.mandatory.information.required.by.a.regulatory.body?

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

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

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

d. The.cost.to.build.an.all-new.Starbucks.restaurant.in.Shenzhen,.China.Correct.Answer:.A



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

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

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



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,c. Inbound.logistics.➛.Operations.➛.Outbound.logistics.

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

Correct.Answer:.C



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

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

b. Financial.reporting.system.(FRS)

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

d. Human.resource.management.system.(HRMS).Correct.Answer:.D



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

a. supplies.jewelry.chains.

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

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

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

Correct.Answer:.B



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

a. current.customers.

b. prospective.customers.

c. former.customers.

d. current.employees.

Correct.Answer:.D



8. (LO.1-
6).An.information.system.that.measures.and.records.accounting.transactions.and.reports.them.in.the.financial.s
tatements.is.called.a

a. financial.reporting.system.(FRS).
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, b. enterprise.system.(ES).

c. manufacturing.system.(MS).

d. cost.accounting.system.

Correct.Answer:.A



9. (LO.1-
3).What.is.the.name.of.the.position.for.a.person.responsible.for.determining.Information.needs.of.a.business.a
nd.designing.a.system.to.meet.those.needs?

a. Chief.information.officer

b. Controller

c. IT.auditor

d. Systems.analyst.Correct.Answer:.D



10. (LO.1-
9).The.balance.sheet.account.most.likely.affected.by.an.AIS.investment.in.supply.chain.management.so
ftware.would.be

a. inventories.

b. fixed.assets.

c. cash.and.cash.equivalents.

d. unearned.revenue.

Correct.Answer:.A



11. (LO.1-7).The.software/system.that.helps.make.sure.the.retail.firm.doesn‘t.have.a.stockout.is

a. supply.chain.management.software.

b. customer.relationship.management.software.

c. enterprise.systems.

d. human.resource.systems.

Correct.Answer:.A


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