Accounting Information Systems Vernon Richardson 2nd Edition
Chapter 1
Accounting Information Systems: An Introduction
Answer Key
True / False Questions
| 1. | Accounting and Finance is a primary activity in the value chain. Answer: FALSEAACSB: Reflective Thinking AICPA BB: Industry AICPA FN: Decision Making Blooms: Remember Difficulty: 1 Easy Learning Objective: 01-04 Describe how business processes affect the firm’s value chain. Topic: The Value Chain and Accounting Information Systems |
| 2. | Accounting Information Systems at this date are all computerized. Answer: FALSEAACSB: Reflective Thinking AICPA BB: Industry AICPA FN: Decision Making Blooms: Remember Difficulty: 1 Easy Learning Objective: 01-02 Distinguish between data, information and an information system.Topic: Data versus Information |
| 3. | Business value includes all those items, events and interactions that determine the financial health and well-being of the firm. Answer: TRUEAACSB: Reflective Thinking AICPA BB: Industry AICPA FN: Decision Making Blooms: Remember Difficulty: 1 Easy Learning Objective: 01-04 Describe how business processes affect the firm’s value chain.Topic: The Value Chain and Accounting Information Systems
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| 4. | The Certified Information Technology Professional (CITP) is a professional designation for those with a broad range of technology knowledge and does not require a CPA. Answer: FALSEAACSB: Reflective Thinking AICPA BB: Industry AICPA FN: Decision Making Blooms: Remember Difficulty: 1 Easy Learning Objective: 01-03 Distinguish the roles of accountants in providing information and explain certifications related to accounting information systems Topic: Role of Accountants in Accounting Information Systems |
| 5. | The Certified Information Systems Auditor (CISA) is a professional designation generally sought by those performing IT audits.
Answer: TRUE AACSB: Reflective Thinking |
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