AIS Chapter 1, Assignments

1. Describe how AIS adds value to an organization by providing accurate

and timely information.
2. Describe the six components of an Accounting Information System
(AIS).
3. Within the value chain of an organization there are five primary
activities and four support activities. Describe how an accounting
information system fits into the value chain of an organization. Where
does it add value?

True or False

1. Information is data that has been organized and processed.

2. Information that is timely is free from error or bias.
3. Inbound logistics consists of receiving, storing, and distributing the
materials an organization uses to create the services and products it
sells.
4. An AIS designer, who is very competent with information technology
skills, will be successful in designing an information system regardless
of his/her understanding of the organization that he/she is designing
for.
5. A component of an Accounting Information System are the people who
use the system.