Prepared by: Lovers Mae B.

Basergo

CHAPTER 1: The information system: An Accountant’s Perspective

NAME DATE: 08/20/2021

COURSE & YEAR: BSA - 3 SCORE:

QUIZ:
1. It set of formal procedures by which data are collected, processed into information, and
distributed to users - Information System
2. Why does accounting need to be independent? (1 sentence) - Accounting activities must
be separate and independent of the functional areas maintaining resources.
3. It is an independent attestation and opinion regarding financial statement presentation,
auditors test internal controls - External (Financial) Audit
4. What is the role of accountants in AIS? (1 sentence) - Accountants must be able to
clearly convey their needs to the systems professionals who design the system.
5. It is used primarily at the operations level to capture transactions and operations data -
Horizontal flows of information
6. It processes financial transactions and nonfinancial transactions that directly affect the
processing of financial transaction. - Accounting Information Systems (AIS) process
7. Differentiate Accounting Information System (AIS) from Management Information
System (MIS)
Accounting Information Systems (AIS) process
a. financial transactions; e.g., sale of goods
b. nonfinancial transactions that directly affect the processing of financial
transactions; e.g., addition of newly approved vendors
Management Information Systems (MIS) process
c. nonfinancial transactions that are not normally processed by traditional AIS; e.g.,
tracking customer complaints
8. TRUE OR FALSE: Transaction processing system convert non-financial transactions
into financial transactions. - FALSE
9-10. What are the functions for transforming data into information according to the general
AIS model? (there are 4)
 Data Collection
 Data Processing
 Data Management
 Information Generation
Prepared by: Lovers Mae B. Basergo