Results Reporter

Out of 10 questions, you answered 9 correctly with a final grade of 90%

9 correct
(50%)
1 incorrect
(10%)
0
unanswered
(0%)

Your Results:
The correct answer for each question is indicated by a
Online Quiz

no

Accounting Inform

4955919

0078025494
1

1
INCORRECT

Accounting information systems are:

A)

Always computerized.

An information system that collects financial reporting information for

B)decision making and control.
An information system that records, processes and reports on transactions to
provide financial and non-financial information for decision making and
C)
control.
An information system that collects and disburses financial and non-financial
D)information for decision making and control.
Feedback: An accounting information system records, processes and reports
both financial and non-financial information.

2 CORRECT
Which of the following is a characteristic of relevant information?

A)

Predictive value.

B)

C)

D)

Neutrality.

Verifiable.

Easy to understand.

Feedback: The characteristics of relevant information include predictive

value, feedback value and timeliness.

3 CORRECT
Which of the following are considered to be discretionary information produced
by accounting information systems?

A)

B)

C)

D)

U.S. Tax Return.

Bank capital submission to the State Banking Commission.

The number of U.S. flags that are sold on July 4.

10-K regulatory filing to the Securities and Exchange Commission.

Feedback: A U.S. tax return, reporting on banking capital and 10-K

regulatory filings are all examples of mandatory information. The number of
U.S. flags sold on July 4 is discretionary information.

4 CORRECT
Support activities in the value chain include all but the following:

A)

B)

C)

Firm Infrastructure

Technology

Procurement
Marketing and Sales

D)

Feedback: Support activities in the value chain include firm infrastructure,

human resource management, technology and procurement. Marketing and
sales is a primary activity in the value chain.

5
CORRECT

What designation would most appropriate for those CPAs possessing IS audit,
control and security skills?

A)

B)

C)

D)

Certified Information Systems Auditors (CISA)

Certified Accounting Information System Auditor (CAISA)

Certified Internal Auditor (CIA)

Certified Information Technology Professional (CITP)

Feedback: The CITP designation identifies accountants (CPAs) with a broad

range of technology knowledge and experience.

6 CORRECT
A supply chain:

A)

B)

C)

D)

Supplies only chain saws.

Is the flow of materials from supplier to customer.

Is similar in function and purpose to the value chain.

Applies only to service firms.

Feedback: A supply chain is defined as the flow of materials, information,

payments, and services from raw materials suppliers, through factories and
warehouses, all the way to the final customers of the firm's products.

7
CORRECT

Primary Activities in the value chain include:

Firm Infrastructure

A)

B)

C)

D)

Service Activities

Human Resource Management

Procurement

Feedback: Primary activities in the value chain include inbound logistics,

operations, outbound logistics, marketing and sales activities and service
activities.

8
CORRECT

The income statement account most likely affected by an AIS investment in

enterprise systems would be:

A)

B)

C)

D)

Revenues

Cost of Goods Sold

Selling, General and Administrative Expenses

Income Taxes

Feedback:
Enterprise systems make the whole organization more efficient. That
efficiency will most likely show up in the SG&A accounts.

9
CORRECT

According to a recent study, the IT strategic role that has the least impact on
shareholder value is:

A)

B)

Informate

Digitize
Automate

C)

D)

Transform

Feedback: According to the Dehning, et al. research paper, the automate IT

strategic role on average, has the least impact on shareholder value.
Transform has the highest impact.

10
CORRECT

The income statement account most likely affected by an AIS investment in

customer relationship management would be:

A)

B)

C)

D)

Revenues

Cost of Goods Sold

Selling, General and Administrative Expenses

Income Taxes

Feedback: Customer relationship management deals with former, current

and prospective customers. As such, customer relationship management
software is intended to increase revenues.