Chapter 1—Introduction to Accounting Information Systems Essay

3536 Words Dec 10th, 2015 15 Pages
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Essay Sample
Chapter 1—Introduction to Accounting Information Systems TRUE/FALSE 1. The three themes of the text are operating systems, e-business, and internal control. ANS: F 2. In an assurance service the accountant will provide the original information used for decision making. ANS: F 3. Financial care for the elderly has been identified by the AICPA as a potential assurance service. ANS: T 4. Wireless technologies was identified as one of the ten most important 2006

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ANS: T



14. Sarbanes-Oxley Section 404 compliance is a major line of business for the biggest accounting firms.



ANS: T



15. The Sarbanes Oxley Act of 2002 applies to publicly traded companies and not-for-profit entities.



ANS: F



16. The purpose of an accounting information system is to collect, process, and report financial aspects of business events.



ANS: T



17. The MIS is a subsystem of the AIS.



ANS: F



18. Sales/marketing information system is traditionally part of the AIS.



ANS: F



19. Billing/accounts receivable is traditionally part of the AIS.



ANS: T



20. Production and personnel are part of the operations process.



ANS: T



21. The management process includes marketing and sales.



ANS: F



22. Information that is capable of making a difference in a decision-making situation, by reducing uncertainty or increasing knowledge for that particular decision, has the quality of relevance.



ANS: T



23. Information about a customer’s credit history that is received after the decision to grant additional credit lacks completeness.



ANS: F



24. The consistency principle is violated when a firm uses straight-line depreciation one year and changes to declining balance depreciation the next year.



ANS: T



25. Accuracy is the information quality that refers to the extent to which information corresponds to (agrees with) underlying objects or events.



ANS: T



26. Generally, the benefits
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