Mid-Term Review: Accounting Information Systems

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Mid-term Review
Accounting Information Systems

XP

Chapter 1:
Accounting Information Systems and
Accountant

Midterm Review - Accounting Information Systems

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Question 1

XP

• Which of the following is not a means by
which information improves decision making?
A. Increasing information overload
B. Reducing uncertainty
C. Providing feedback about the effectiveness of
prior decisions.
D. Identifying situations requiring management
action

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Question 2

XP

• The Financial Accounting Standards Board (FASB), in
its Statement of Financial Accounting Concepts No. 2,
has defined accounting as
A. An information identification, development,
measurement, and communication process.
B. A way to provide adequate controls to safeguard an
organization's assets
C. Being an information system.
D. A way to collect and transform data into useful
information.

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Question 3

XP

• An AIS provides value by
A. Improving products or services through
information that increases quality and reduces
costs.
B. Providing timely and reliable information to
decision makers.
C. Creating new products.
D. Both A and B

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Question 4

XP

• An accounting information system (AIS)
processes __________ to provide users with
________.
A.
B.
C.
D.

Data; Information
Data; Transactions
Information; Data
Data; Benefits

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Question 5

XP

• Humans can absorb and process only so much
information. Information _______ occurs
when those limits are passed
A.
B.
C.
D.

Overload
Excess
Anxiety
Discretion

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XP

Chapter 3:
Documenting Accounting Information Systems

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Question 7

XP

• Which of the following is not one of the
guidelines that should be followed in naming
DFD data elements?
A. If a name cannot completely describe the data or
process, then decompose the flow or process
further.
B. Make sure the names describe all the data or the
entire process.
C. Name only the most important DFD elements.
D. Choose active and descriptive names.
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Question 8

XP

• The understanding of documentation skills that
accountants require varies with their job function.
However, they should at least be able to do which of
the following?
A. Read documentation to determine how the system
works.
B. Critique and correct documentation that others prepare.
C. Prepare documentation for a newly developed
information system.
D. Teach others how to prepare documentation.

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Question 9

XP

• Which of the following is not one of the
recommended guidelines for making flowcharts more
readable, clear, concise, consistent, and
understandable?
A. Divide the flowchart into columns with labels.
B. Flowchart all information flows, especially exception
procedures and error routines.
C. Design the flowchart so that flow proceeds from top to
bottom and from left to right.
D. Each manual processing symbol should have an input and
an output.
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Question 10

XP

• Data sources and destinations are represented
in a data flow diagram as:
A.
B.
C.
D.

A square
A curved arrow
A circle
Two parallel lines

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Question 11

XP

• The narratives, diagrams, charts, and other
written materials that explain how a system
works are collectively called
A.
B.
C.
D.

Documentation
Data Flows
Flowcharts
Schema

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Question 12

XP

• A graphical...
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