The area outside an information systems boundary is known as the

The directors of Royguard plc have recently decided to establish an extensive management information system within one of its subsidiaries. In arriving at this decision, the directors were likely to have been conscious that the subsidiary's operations were largely characterised by

The information systems manager of Detrex plc wants all data input into the company's databases to be complete and accurate. As part of his information management role, he makes use of range checks. The use of range checks should help to deliver

The manager of Hettie plc's information systems wants all data input into the company's databases to be accurate and complete. As part of her information management role, she makes use of control totals. The use of control totals should help to deliver

Ranger plc's information systems manager wants all data on the company's databases to be the same as their sources and not to have been accidentally or deliberately altered, destroyed or disclosed. His concern, therefore is with

Zing plc's information system automatically maintains a log of user activity. This log contains details of identity, log-on and log-off times and details of processing carried out and access attempts made. All transactions are tagged to identify the person responsible for that processing. The log-on details of the user determine processing access.

Which three of the following control objectives does this system effectively address?

Which of the following statements concerning management information systems and transaction processing systems is correct?

Which of the following characteristics relates to strategic information as opposed to operational information?

Which three of the following are essential qualities of good information?

A company correctly records and analyses all its sales transactions. At the end of each month, a report is produced for the sales director listing details of every sales transaction: customer, products, quantities and prices. Which of the following describes the quality of the report's data and information?

An information system that fails to collect information from its environment will be ignoring information about which three of the following?

Royston is the information systems manager of Alnwick plc. He is constructing a system for use by the company which includes both a 'knowledge base' and an 'inference engine'. What is Royston constructing?

Arkwright Ltd analyses huge quantities of data about a wide variety of issues from a wide variety of sources. Arkwright Ltd is seeking competitive advantage from

The depreciation policies adopted by Plumtree Ltd have not changed for the past five years. According to the IASB's Conceptual Framework for Financial Reporting, this supports the qualitative characteristic for its financial information of

The IASB's Conceptual Framework for Financial Reporting states that financial information is useful when it both influences the decisions of users of the information and

As a result of reading the financial statements of Tatra plc, Michaela decided to increase her shareholding in the company. In terms of the IASB's Conceptual Framework for Financial Reporting, this confirms that the information in Tatra plc's financial statements was

Changes to Merrick Ltd's transaction processing system can only be made by people who are accountable for the changes. This contributes towards which one of the essential qualities of a secure information system?

Each month the Business School at Newtown University receives financial performance data for the previous month. Each month the senior managers of the Business School complain that they cannot rely on this information as it contains errors. The information, therefore, is often ignored by managers. In terms of the qualities of a secure information system, the actions of the managers show that the system lacks the quality of

The chief executive of Table plc is not convinced about the usefulness of much of the information in the company's financial statements. He makes three statements about the specific characteristics of the information that he believes may undermine its usefulness.

Statement 1: It lacks timeliness

Statement 2: A high level of regulation applies to it

Statement 3: It contains a high level of aggregation

Which of these statements identify characteristics that are likely to undermine the information's usefulness?

Which of the following issues are key in relation to information processing in a company's accounting systems?

Issue 1 Completeness

Issue 2 Non-repudiation

Issue 3 Verifiability

In relation to users of financial information, which of the following statements is true?

The IASB's Conceptual Framework for Financial Reporting states that, to support the effective working of capital markets for the benefit of businesses, financial statements must have which two fundamental qualitative characteristics?

Understandability

Russell is an accountant working for Forsell plc. He has made the following points concerning financial statements. Which of Russell's points is true?

The characteristic that determines whether information is both of good quality and valuable is

An information system combines data and analytical models to help with semi-structured and unstructured problem solving of an operational nature. This is called

Compared with operations management, which of the following is a characteristic that is unique to big data?

The ability to stream big data into an organisation's systems in real time is an example of which feature of big data?

Which of the following features of big data concerns the fact that data sets contain anomalies and errors?

Which three of the following are ways in which data analytics of big data can create value for a business?

Rees Ltd uses data analytics to enhance transparency. Insights into which of the following are provided for Rees Ltd by using data analytics in this way?

Which of the following is a disadvantage for a small business of using cloud accounting?

Priya is investigating the use of cloud accounting for her employer, Withit plc. She has discovered that accounting information stored in the cloud can be added to or accessed from anywhere, usings any device with an internet connection. She is making a recommendation to her managers on the use of cloud accounting which is contains the following statements.

Statement (1) Whith the adoption of cloud accounting, Withit's project managers at client site can check whether a payment has been received

Statement (2) With the adoption of cloud accounting, accounts staff will have the ability to work from home

Identify whether each statement is accurate.

Big Data analytics typically involves the analysis of unstructured data. Which of the following is an example of unstructured data for a company that operates a chain of coffee shops?

Data science has great importance to big data and data analytics.

Statement (1) Data science deals with analysing and interpreting data rather than how it is collected.

Statement (2) One objective of data science is to extract value from data.

Identify whether each statement is accurate

Modern businesses may create digital assets and earn revenue by licensing other organisations to use them.

Statement (1) Watermarks can be used to protect the security of digital assets

Statement (2) Once a user has obtained a licence to use a digital assets they are free to use or distribute the asset as they wish

Identify whether each statement is accurate.

Finax plc is a credit referencing organisation. It collects data on the credit transactions of millions of people and commercial organisations worldwide. Vertex Ltd has an arrangement with Finax plc to access its store of big data so that it can make decisions on whether to extend credit to new customers.

Which type of big data does Finax plc supply?

There are several sources of big data available to business organisations.

Statement (1) Open data is data primarily sourced from public sector data, such as transport data and government financial data.

Statement (2) Human-sourced data is primarily from social networks, emails and text messages

Identify whether each statement is accurate

A system that allows people who do not know each other to trust a shared record of events is an example of which type of technology?

Tech Ltd has invented a device that allows the temperature controller of the user's home to be adjusted automatically by an app on their smartphone, using data about the weather.

Of which of the following types of technology is this an example?

Which of the following definitions best describes the characteristic of integrity in relation to the security of data and information systems?

Last year Rillet Ltd invested in a new information system to collect and analyse big data in regards to the sale of one its products. Once collected and analysed, the information was

then reported to the board of directors. The directors were so happy with the system that it was expanded to report on all of the company’s products. However, for one of the

products, an error in the system meant that a pattern in regards to sales was identified that did not actually exist. As a consequence, the directors made a business decision that made a substantial loss.

Which of the following risks of big data does this describe?

Which of the following is/are a type of digital asset?

(1) Image files copied from a website without the owner's knowledge

(2) Videos downloaded from YouTube

(3) Music downloaded from an artist's website

(4) Electronic versions of accounting standards downloaded from the IASB

Data verification is a form of:

Cranfield, a highway engineer, inputs some data about the stage of completeness of the road-building project he is working on into his laptop each night, and by the morning the system has produced a report telling him which tasks will need completing that day and how many labourers will be required. This is an example of:

Pap plc makes a single product with five operatives working five machines in a 35 hour week, for which they are paid £8.50 per hour. National insurance etc, adds another £150 to the weekly labour bill. Last week the gross cost of labour was £2,050. In which internal source should the managers of Pap plc refer to identify why the bill was this size?

What is the process where value is extracted from big data known as?

The fact that financial statements should be free from bias is a facet of which of thefollowing qualitative characteristics of financial information?

Which of the following groups is not a primary user of a company's financial statements?

Hob plc needs to ensure that the prices it sets for the services of its consultants are rigorously and accurately prepared. To effect this, it needs a pricing system as part of its:

Which of the following is the CATIVA definition of verifiability of information processing?

Which of the following statements about the value of information is true?

Rachel has presented some information on how to measure performance to a panel of managers at Jab plc. She found this information on the internet the previous evening as a PowerPoint file and has presented it to the panel unedited. Within five minutes they found it to be highly informative and targeted at the issues they are concerned with. The drawback to the information as presented by Rachel is that it fails to meet the ACCURATE criteria for good information of:

Ian has to make a decision about whether to allow overtime tonight to Gonzalez, a customer service adviser, but he is unsure whether this extra time is needed between 7pm and 9pm on a Wednesday. The type of information he needs to answer this query is:

Womble plc's managers are quick to address immediate problems as they arise in operations on the basis of financial information they receive. The company's trial balance always agrees. Monthly variance reports, however, consistently show that the operation is failing to meet its targets. It would appear that Womble plc's financial information fails to provide managers information for:

Gamma Bank produces daily reports for each of its 250 branches. These enable staff to monitor and manage customer accounts where an unauthorised overdraft has either arisen or increased during the last business day. In terms of financial information, these reports can be classified as:

The market research department of Tetro plc increasingly makes use of information from the internet to analyse its competitive environment and the market responses to new product offerings. Use of information from this source raises concerns regarding which characteristic of useful information?

Identify which of the following statements about an information processing system is correct.

The finance director of Amalgam plc wants to tell her fellow directors about what undermines the usefulness of published financial statements. Which three of the following issues should she highlight in this regard?

Megasave Supermarkets operates a chain of discount food stores. The company's point-of-sale terminals produce information that is used by the logistics division to determine delivery requirements for each store. To be effective, the logistics division's information processing must meet the criteria of completeness, timeliness and verifiability. Which three of the following criteria must also be met?

The finance function of Almerica plc uses check digits and control totals in its financial reporting system to maintain its integrity. These two input controls are a form of:

Financial statements must be prepared in a way that considers materiality. This is an aspect of which of the following characteristics of financial information?

The chief executive of Rumbold plc is not sure how useful the company's financial statements are. The finance director of the company has identified that they help shareholders make decisions. In addition the statement of profit or loss and the statement of financial position serve the useful purpose of:

For financial information to meet its objectives it must be prepared on the basis of which two underlying assumptions?

A system that aims to increase the productivity of data and information workers is:

Which characteristic of big data is described by the statement below?

Big data is available in a large range of areas.

Which of the following describes a characteristic of big data?

Which three of the following statements about data analytics are correct?

Which of the following statements about data analytics is correct?

Which of the following is an advantage of cloud accounting?

Big data can be classified into a number of types, including structured and unstructured data.

Which of the following is an example of structured big data?

Which of the following are sources of big data?

1. The internet of things
2. A business's internal computer system
3. Social media
4. Blogs

In regard to cyber attacks, which three of the following have been identified by McKinsey as ways in which big data and data analytics can assist a business?

Which of the following describes distributed ledger technology?

The following statements have been made about data science.

Statement (1) Data science concerns the tools and methods used to obtain and manage data

Statement (2) Data science concerns the extraction of value from data and translating it into a product.

Identify whether each statement is accurate.

The following statements have been made about digital assets.

Statement (1) Digital files are only classified as digital assets if the right to use the file is included

Statement (2) Digital assets cease to exist when technology progresses

Identify whether each statement is accurate.

The finance director of Amalgam plc is preparing a presentation to his fellow directors in which he wishes to set out the factors that undermine the usefulness of conventional financial statements.

Which THREE of the following factors would he highlight in this regard?

Which of the following is the name given to a type of computer-based information system that uses and combines mathematical models to assist with finding solutions to management problems?

Which of the following is not part of the ACIANA criteria for information security?

H purchases a new computer system. It allows him to input his personal income for the year, which comes from a number of different sources, and then automatically calculates his personal tax liability.

H has purchased _______________________ system.

Which TWO of the following are NOT characteristics of good information?

Koopa has recently purchased a new IT system. The system helps Koopa by summarising all of the basic transactions from his business and summarising them. It also allows Koopa to undertake some basic analysis of the transactions – such as how many sales have been made by each of his shops.

What type of IT system has Koopa purchased?

Carnivale plc is a large company based in country G. It is currently considering the purchase of a new computer system that will help senior managers to model the entire business. The new system will monitor both the internal and external environment of Carnivale and will provide managers with information on both company performance and on any relevant external issues.

Which type of information system is Carnivale planning to buy?

The till system in place at Freshfields Supermarket plc records details of all transactions and products sold as they are scanned through the point of sale.

This is an example of:

Which of the following is NOT an attribute of good information?

Which of the following statements about Big Data is false?

A firm of accountants installs a new information system that contains all the relevant personal tax regulations for their clients. The system enables the firm to input a client’s details and the system will calculate their tax liability automatically.

A system of this kind is an example of an expert system.

Is this statement true or false?