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The document contains a series of true/false statements and multiple-choice questions related to Accounting Information Systems. It covers topics such as the role of information in business, characteristics of effective information, and the responsibilities of management and database administrators. The document serves as an assessment tool for understanding key concepts in accounting information systems.

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32 views2 pages

297180112-AIS-Quiz-1-Answer Subscribe Word

The document contains a series of true/false statements and multiple-choice questions related to Accounting Information Systems. It covers topics such as the role of information in business, characteristics of effective information, and the responsibilities of management and database administrators. The document serves as an assessment tool for understanding key concepts in accounting information systems.

Uploaded by

kareema
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Name: __________________________________________ December 5,

2015
Section: ____________________________________
Subject: Accounting Information System

True/False:
T 1. Information is a business resource.
F 2. An information system is an example of a natural system.
F 3. Transaction processing systems convert non-financial transactions into financial transactions.
F 4. Information lacking reliability may still have value.
T 5.The Management Reporting System provides the internal financial information needed to manage a
business.
F 6. Most of the inputs to the General Ledger System come from the Financial Reporting System.
T 7. When preparing discretionary reports, organizations can choose what information to report and how to
present it.
F 8. Retrieval is the task of permanently removing obsolete or redundant records from the database.
T 9. The database administrator is responsible for the security and integrity of the database.
F 10. The internal auditor represents the interests of third-party outsiders.
T 11. The flat-file approach is most often associated with so-called legacy systems.
F 12. In a flat-file system, files are easily shared by users.
F 13. One of the greatest disadvantages of database systems is that all data is always available to all users.
F 14. An example of a nonfinancial transaction is sale of products.
F 15. An example of a financial transaction is a supplier’s price list.

Multiple Choice:
C 1. Which level of management is responsible for controlling day-to-day operations?
• Top management
• Middle management
• Operations management
• Executive management
D 2. Effective information has all of the following characteristics except
• relevance
• completeness
• summarization
• structure
C 3. Market research and advertising are part of which business function?
• material management
• finance
• marketing
• production
D 4. Which of the following is not part of the accounting function?
• managing the financial information resource of the firm
• capturing and recording transactions in the database
• distributing transaction information to operations personnel
• managing the physical information system of the firm
B 5. The term “accounting independence” refers to
• data integrity
• separation of duties, such as record keeping and custody of physical resources
• generation of accurate and timely information
• business segmentation by function

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