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ACC 340 Accounting Information Systems: Final Exam Review and Key Concepts - Document preview page 1

ACC 340 Accounting Information Systems: Final Exam Review and Key Concepts - Page 1

Document preview content for ACC 340 Accounting Information Systems: Final Exam Review and Key Concepts

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
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ACC 340 Accounting Information Systems: Final Exam Review and Key Concepts - Page 1 preview imageACC 340 Accounting Information Systems: Final Exam Review and KeyConceptsACC 340 FinalExam1.)Which of the following is true?An AIS must be computerized to be usefulAn AIS always produces useful informationAn AIS always producesfinancial informationnone of these2.)Which of the following is true about the terms “data” and “information” within thecontext of Chapter 1?The terms are exactly the sameThe terms are always exact oppositesSome “data” can also be “information”none of these3.)Most AISs perform all of these functionsexcept:Collect raw accounting dataStore accounting data for future usesProcess data into useful informationAISs perform all of these functions4.)Which of the following is one of the five interacting components of an accountinginformation system?Fuzzy logicTestingCertificationProcedures
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ACC 340 Accounting Information Systems: Final Exam Review and Key Concepts - Page 3 preview imageInternet5.)A computer network spanning regional, national, or global areas best describes which ofthe following?LANWANESPNDSLISDN6.).Documentation includes:All flowcharts, narratives, and other written communications associated with the informationsystemAll written communications associated with an accounting information system except flowchartsand data flow diagramsAll flowcharts, narratives, and other written communications associated with an accountinginformation system, except for program flowcharts, decision tables, and pseudocodeFlowcharts and data flow diagrams only7.)A system flowchart is a block diagram that:Is used only by auditorsIs used primarily when document flowcharts cannot be usedDepicts the flow of computer systems in an organizationDepicts the flow of data through a computerized accounting information system8.)The financial accounting cycle ends with:The production of financial statementsClosing journal entriesThe production of an adjusted trial balanceDevelopment of cash forecasts
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