Accounting Information System: Overview

Effective information has all of the following characteristics except

• relevance

• completeness

• summarization

• structure

Which subsystem is not part of the Accounting Information System?

• Transaction Processing System

• Expert System

• General Ledger/Financial Reporting System

• Management Reporting System

An example of a non-financial transaction is

• sale of products

• cash disbursement

• log of customer calls

• purchase of inventory

The value of information for users is determined by all of the following but

• reliability

• relevance

• convenience

• completeness

Information lacking reliability may still have value

• TRUE

• FALSE

An information system is an example of a natural system.

• TRUE

• FALSE

Which of the following is not part of the accounting function?

• managing the financial information resource of the firm

• capturing and recording transactions in the database

• distributing transaction information to operations personnel

• managing the physical information system of the firm

___________responsible for recording and reporting the cash flow transactions of a company

• Marketing department

• Sales department

• Technology Department

• Accounting department

Information technology (IT) is the use of computers to______

• sign the data or information

• store, retrieve, transmit, and manipulate data or information

• store, retrieve, look, and manipulate data or information

• copy, store data

Economic agents are individuals and departments that participate in an economic event. They are parties both inside and outside the organization with discretionary power to use or dispose of economic resources.

• True

• False