ACC 340 Accounting Information Systems: Final Exam Review and Key Concepts
A review of key concepts in accounting information systems, preparing for the final exam.
Chloe Martinez
Contributor
4.1
43
about 1 month ago
Preview (3 of 8)
Sign in to access the full document!
ACC 340 Accounting Information Systems: Final Exam Review and Key
Concepts
ACC 340 Final Exam
1.) Which of the following is true?
An AIS must be computerized to be useful
An AIS always produces useful information
An AIS always produces financial information
none of these
2.) Which of the following is true about the terms “data” and “information” within the
context of Chapter 1?
The terms are exactly the same
The terms are always exact opposites
Some “data” can also be “information”
none of these
3.) Most AISs perform all of these functions except:
Collect raw accounting data
Store accounting data for future uses
Process data into useful information
AISs perform all of these functions
4.) Which of the following is one of the five interacting components of an accounting
information system?
Fuzzy logic
Testing
Certification
Procedures
Concepts
ACC 340 Final Exam
1.) Which of the following is true?
An AIS must be computerized to be useful
An AIS always produces useful information
An AIS always produces financial information
none of these
2.) Which of the following is true about the terms “data” and “information” within the
context of Chapter 1?
The terms are exactly the same
The terms are always exact opposites
Some “data” can also be “information”
none of these
3.) Most AISs perform all of these functions except:
Collect raw accounting data
Store accounting data for future uses
Process data into useful information
AISs perform all of these functions
4.) Which of the following is one of the five interacting components of an accounting
information system?
Fuzzy logic
Testing
Certification
Procedures
Internet
5.) A computer network spanning regional, national, or global areas best describes which of
the following?
LAN
WAN
ESPN
DSL
ISDN
6.). Documentation includes:
All flowcharts, narratives, and other written communications associated with the information
system
All written communications associated with an accounting information system except flowcharts
and data flow diagrams
All flowcharts, narratives, and other written communications associated with an accounting
information system, except for program flowcharts, decision tables, and pseudocode
Flowcharts and data flow diagrams only
7.) A system flowchart is a block diagram that:
Is used only by auditors
Is used primarily when document flowcharts cannot be used
Depicts the flow of computer systems in an organization
Depicts the flow of data through a computerized accounting information system
8.) The financial accounting cycle ends with:
The production of financial statements
Closing journal entries
The production of an adjusted trial balance
Development of cash forecasts
5.) A computer network spanning regional, national, or global areas best describes which of
the following?
LAN
WAN
ESPN
DSL
ISDN
6.). Documentation includes:
All flowcharts, narratives, and other written communications associated with the information
system
All written communications associated with an accounting information system except flowcharts
and data flow diagrams
All flowcharts, narratives, and other written communications associated with an accounting
information system, except for program flowcharts, decision tables, and pseudocode
Flowcharts and data flow diagrams only
7.) A system flowchart is a block diagram that:
Is used only by auditors
Is used primarily when document flowcharts cannot be used
Depicts the flow of computer systems in an organization
Depicts the flow of data through a computerized accounting information system
8.) The financial accounting cycle ends with:
The production of financial statements
Closing journal entries
The production of an adjusted trial balance
Development of cash forecasts
Preview Mode
Sign in to access the full document!
100%
Study Now!
XY-Copilot AI
Unlimited Access
Secure Payment
Instant Access
24/7 Support
Document Chat
Document Details
University
Bryant University
Subject
Accounting