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Test Bank For Core Concepts of Accounting Information Systems 14th by Simkin
Test Bank For Core Concepts of Accounting Information Systems 14th by Simkin
13. Computers tend to make audit trails easier to follow because everything is computerized.
16. Predictive analytics use large data warehouses to help organizations improve
performance by predicting future outcomes.
17. As used in this chapter, the acronym SAR stands for “suspicious accounting reporting.”
19. One of the motivations for SAR is to identify money laundering activities.
20. The term “Patriot” in the “Patriot Act of 2001 is an acronym for “providing appropriate
tools required to intercept and obstruct terrorism.”
21. Accounting rules do not allow for any flexibility in financial reporting by management.
22. Accounting systems are useful for performing accounting tasks, but cannot be used for
such security purposes as countering terrorism.
23. An example of a corporate scandal that was mentioned in this chapter is the Enron case.
24. The Sarbanes-Oxley Act allows CPA firms to help clients acquire, install and use
information systems and to also act as those clients’ external auditor.
25. The Sarbanes-Oxley Act prohibits companies from using the same auditing firms for
performing both auditing and management consulting services.
26. Cloud computing is a way of using business applications over the Internet.
28. A major output of financial accounting is the preparation of financial statements such as
an income statement.
29. The series of steps leading from data recorded in transaction records to the information
reported on financial statements is called the accounting cycle.
TB 1.2
Core Concepts of Accounting Information Systems, 14th Edition, by Simkin, Worrell, and Savage
31. One major difference between financial accounting and managerial accounting is that
financial accountants prepare financial statements for external investors while managerial
accountants prepare financial statements for internal managers.
33. One major difference between financial accounting and managerial accounting is that
financial accountants use dashboards while managerial accountants do not.
35. XBRL is a business reporting language that is used to define interactive financial data.
38. As used in chapter 1, the term “dashboard” refers to a quick and easy plan to install a
computerized accounting system in an organization.
40. The purpose of the assurance services of an accounting firm is to give a company’s
managers moral support when they are audited by the federal or state government.
41. “CPA Trust Services” performed by a CPA provides assurance that a company engaged
in electronic commerce has an information system that is secure.
42. An example of a value-added reseller (VAR) is a dealer who sells software but does not
help with the installation, training and customization of that software for the customer.
43. Some possible career opportunities for AIS majors or minors include consulting
positions, computerized auditing, or computer security positions.
44. Accountants are usually classified as “line workers” within business organizations.
46. A good audit trail within the financial accounting system should allow a manager or
auditor to trace any source document back from a report to the original data entry.
TB 1.3
Core Concepts of Accounting Information Systems, 14th Edition, by Simkin, Worrell, and Savage
49. Activity-based costing systems focus on allocating overhead on the basis of direct labor
hours used.
50. Because accountants are not normally computer programmers working within the
information processing subsystem, it is unnecessary for them to understand the
capabilities and limitations of computers.
51. Within the traditional AIS, a sales order would not be considered an accounting
transaction.
52. Students majoring in AIS are unlikely to assume jobs in traditional accounting positions
because they know too much.
53. There are limited career opportunities available for students who study both accounting
and information systems.
54. One possible career for AIS majors is in the traditional area of financial or managerial
accounting.
Multiple-Choice Questions
58. Which of the following is true about the terms “data” and “information” within the
context of Chapter 1?
a) These terms are exactly the same
TB 1.4
Core Concepts of Accounting Information Systems, 14th Edition, by Simkin, Worrell, and Savage
59. Which of the following captures the same idea as the term “Garbage In Garbage Out?”
a) Too much information is the same as garbage
b) The quality of computer output is determined by the quality of the input
c) Great investments lead to great returns
d) Too many cooks spoil the broth
63. All of the following are possible uses of AIS or accounting personnel that were discussed
in the chapter except:
a) Countering terrorism
b) Foiling future accounting scandals
c) Providing assurance services
d) Performing monetary exchanges
65. Which of these would be considered suspicious activities under current SAR rules?
a) Money laundering
b) Bribing officials
TB 1.5
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