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ACCT 402

Quiz 1

QuestionAnswer
An information system that measures and records accounting transactions and reports them in the financial statements is called a: financial reporting system (FRS)
Customer relationship management systems would generally be considered to be an: external business process
A supply chain: refers to the flow of materials, information, payments, and services
Customer relationship management software does not include information about: current employees
Which of these represents the proper transformation from data to decision according to the information value chain? Data -> Information -> Knowledge -> Decision
Which of the following best describes the role of an accountant as a user of an Accounting Information System (AIS) An accountant accesses the AIS to perform tasks such as entering transactions, gathering reports, and analyzing financial data
The balance sheet account most likely affected by an AIS investment in supply chain management software would be: unearned revenue
What is the name of the position for a person responsible for determining information needs of a business and designing a system to meet those needs? Systems analyst
Which of the following tasks is typically performed by an accountant acting as an evaluator of the AIS? Assessing the effectiveness of internal controls implemented within the AIS
Which of the following is considered to be mandatory information required by a regulatory body? 10-Q submission to the Securities and Exchange Commission
Data analytics performed to identify the most profitable customers would be most likely to affect which income statement account? Revenues
The software/system that helps make sure the retail firm doesn't have a stockout is supply chain management software
The correct order of events in the value chain is: Inbound logistics - Operations - Outbound logistics
Which of the following statements best describes the relationship between data and information? Data becomes information when it is organized, processed, and presented in a meaningful context
Accounting information systems: are information systems that record, process, and report on transactions to provide financial and nonfinancial information for decision making and control
which of these following activities is typically considered a primary activity in the value chain? Marketing and sales
In value chain analysis, which of the following represents a support activity? Technological development
A retail company wants to enhance its customer relationship management (CRM) system by incorporating data from various touchpoints, such as online purchases, in-store transactions, and customer feedback... Data collection
Which system contributes information on direct labor to a cost accounting system? Human resource management system (HRMS)
An auditor testing internal controls would generally be considered to fill which role with respect to accounting information systems? Evaluator
Created by: Psax
 

 



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