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Title: INFS2005 Chapter 1 Practice Questions with answers.docx.docx
Description: Australian National University INFS2005 Chapter 1 Practice Questions with answers
Description: Australian National University INFS2005 Chapter 1 Practice Questions with answers
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Chapter 1: Systems fundamentals – Introduction
Multiple-choice questions
1
...
b
...
d
...
computer systems have emerged to handle the classification and recording
tasks traditionally associated with the accounting function
...
knowledge workers have increasingly replaced accountants in the performance
of recording and classification tasks
...
1 – critically evaluate accounting practices, reflecting on how
accounting information systems enrich and extend the role of the accountant
...
As computer systems have been developed to perform the recording and classification
tasks associated with business activities, the nature of accounting and the work of the
accountant have also been pushed in a new direction
...
b
...
d
...
ensure that businesses invest in new software
...
outsource accounting work to bookkeepers
...
1 – critically evaluate accounting practices, reflecting on how
accounting information systems enrich and extend the role of the accountant
...
The ICAA requires that its members should bring their analytic expertise to several
fields
...
b
...
d
...
Market analysis and compliance
...
Human resource management
...
1 – critically evaluate accounting practices, reflecting on how
accounting information systems enrich and extend the role of the accountant
...
What does ERP stand for?
Chapter 1: Systems fundamentals - Introduction
a
...
c
...
Enterprise Resource Planning
...
Electronic Resource Planning
...
Correct answer: a
Learning objective 1
...
5
...
b
...
d
...
Accountants are increasingly exposed to and working with technology and
information systems
...
Accountants need to lead and oversee the design of an accounting information
system
...
1 – critically evaluate accounting practices, reflecting on how
accounting information systems enrich and extend the role of the accountant
...
Information is:
a
...
c
...
the same as data
...
less useful than data
...
Correct answer: b
Learning objective 1
...
1
...
7
...
b
...
d
...
The situation where an individual has more information than is needed or is
able to be processed in a meaningful way when working through a decision
...
The situation where the amount of information exceeds the storage capacity of
the brain of a human being
...
2 – compare and contrast data and information
...
Which of the following statements best indicates the difference between data and
information:
a
...
c
...
information and data are the same
...
information is always useful whereas data is only sometimes useful
...
2 – compare and contrast data and information
...
The following message box appears when entering a customer order into a sales
system:
This is an example of:
a
...
c
...
input
...
output
...
Correct answer: d
Learning objective 1
...
10
...
2
Chapter 1: Systems fundamentals - Introduction
a
...
c
...
activities that are performed on inputs
...
any process that an accountant is involved in
...
Correct answer: d
Learning objective 1
...
11
...
b
...
d
...
data as well as other resources, that are the starting point for the system
...
computer reports that are analysed by accountants
...
3 – critique and synthesise system concepts, giving examples
...
A large company that provides supplies to the defence forces has just established a
new accounting system
...
b
...
d
...
the directive from the finance director about the system’s operation capacity
...
the accounting standards governing large companies
...
3 – critique and synthesise system concepts, giving examples
...
MICR is an input technology used:
a
...
c
...
on receipts and invoices that are given to customers
...
in the processing of ATM receipts
...
Correct answer: b
Learning objective 1
...
1
...
14
...
b
...
d
...
information systems gain an increased role as the emphasis shifted from
accounting to information systems
...
both accounting and information systems become part of a wider
organisational IT function
...
4 – explain ‘accounting information systems’ and discuss their
evolution
...
“Charlie & Dave’s Computer Store” is considering the best way to enter data about
new customers that sign up as part of a new marketing campaign
...
The best
method for capturing this data would be:
a
...
c
...
scanning through barcode technology
...
manual keying
...
Correct answer: c
Learning objective 1
...
16
...
b
...
d
...
the application of technology to the capturing, storing, sorting and reporting of
information
...
the application of technology to the capturing, verifying, storing, sorting and
reporting of financial data relating to an organisation’s activities
...
4 – explain ‘accounting information systems’ and discuss their
evolution
...
Which of the following is unlikely to be the accounting’s role to an organisation?
1
...
b
...
d
...
Provide a means for business data storage and processing
...
Exercise strategic decision-making according to accounting information
...
5 – justify and communicate the role of accounting information in
supporting decision makers
...
An accounting information system is unlikely to help a firm to:
a
...
c
...
determine whether to approve a credit sale
...
determine the provision for bad debts
...
Correct answer: d
Learning objective 1
...
19
...
An accounting clerk
enters these data into an accounting program hosted in a computer
...
In this scenario, the accounting information system consists of:
a
...
c
...
the accounting program
...
source document, the accounting program, and the computer
...
Correct answer: d
Learning objective 1
...
20
...
b
...
d
...
the screen for selecting what report to produce
...
the screen for entering file saving locations
...
3 – critique and synthesise system concepts, giving examples
...
5
Testbank to accompany: Accounting information systems 5e by Parkes et al
...
Feedback:
a
...
c
...
always includes an error message
...
never includes an error message
...
Correct answer: d
Learning objective 1
...
22
...
b
...
d
...
computer systems have emerged to handle the classification and recording
tasks traditionally associated with the accounting function
...
knowledge workers have increasingly replaced accountants in the performance
of recording and classification tasks
...
1 – critically evaluate accounting practices, reflecting on how
accounting information systems enrich and extend the role of the accountant
...
Which of the following statements concerning working professionals is correct?
a
...
c
...
A working professional in the accounting domain will not be involved in
system development
...
A working professional in a domain extended beyond accounting is less likely
to be involved in system development than their counterparts in the accounting
domain
...
Correct answer: d
Learning objective 1
...
24
...
6
Chapter 1: Systems fundamentals - Introduction
a
...
c
...
a technology that is used by large m
Title: INFS2005 Chapter 1 Practice Questions with answers.docx.docx
Description: Australian National University INFS2005 Chapter 1 Practice Questions with answers
Description: Australian National University INFS2005 Chapter 1 Practice Questions with answers