WorksheetsAIS - Introduction of AIS
Total questions: 32
Worksheet time: 16mins
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
Important of Information technology is
Consistency, inaccurate, realibility, speed
speed, unconsistent, accurate, realibility
Consistency, accurate, realibility, speed
Consistency, inaccurate, realibility, slow
Roles accountants as the following EXCEPT:
auditor
system designer
users
marketer
Which of the following commonly initiates the data input process?
a business activity
automatic batch processing
an accounting department source document
a trial balance query
Information is a business resource.
True
False
The value of information for users is determined by all of the following but
reliability
relevance
completeness
convenience
Which subsystem is not part of the Accounting Information System?
Transaction Processing System
Expert System
General Ledger/Financial Reporting System
Management Reporting System
The first part of the accounting process is
communicating.
identifying.
processing.
recording.
The usual sequence of steps in the transaction recording process is
journal --> analyze --> ledger.
analyze --> journal --> ledger.
journal --> ledger --> analyze.
ledger --> journal --> analyze.
Users of accounting information include
Creditors
Lenders
Customers
All of the above
Which of the following is the example of internal users
Government
Investors
Creditors
Employees
Accounting is referred to as the "language of ___________________."
Profit
Life
Accounting
Business
Accounting cycle is the process by which companies produce their financial statements for a specific period.
TRUE
FALSE
An accounting information system collects and processes transaction data and communicates financial information to decision-makers.
True
False
Definition of Accounting
Accounting is a process of identifying, recording, classifying, summarizing, communicating and interpreting the results of business or economic transactions to users in order for them to make better decisions.
Accounting is a process of identifying, recording and classifying economic transactions to users.
Accounting is a process of preparing Income Statement and Financial Position Statement.
Types of business activities are...
Services and merchandising
Services and manufacturing
Services, manufacturing and merchandising
Types of Financial Statements are..
Statement of Comprehensive Income, Statement of Owner’s Equity and Statement of Financial Position
Statement of Comprehensive Income, Statement of Owner’s Equity, Statement of Financial Position and Statement of Cash Flows
Statement of Comprehensive Income, Statement of Owner’s Equity, Statement of Financial Position and Budget
Computerised Accounting System is based on the concept of_______________
Database
Software
Hardware
Design
Types of output reports are_______ and ____________.
balance sheet
ledger
trial balance
Godown
vouchers
What is the main aim of input control ?
Reduce errors in the data entered in the system for processing
Control within a computer application
All answer state
What is EDP ?
Electronic Data Processing
Electronic Data Procedure
What is the Advantage using IT system ?
Decreased vacancies for job searcher
Additional cost for support and backup system in the event of power failure
More accurate and effective time of transactions
Atypical report generated from a General Ledger accounting package would be _________________
profit and loss statement
re-order report
invoices
pay cheques
The portion of the computerised accounting system that integrates all of the components is the______________
Accounts payable module
Accounts receivable module
General Journal module
General Ledger module
An advantage of a computerised accounting system is that it provides ______________
higher quality information
more timely information
a greater variety of information
All of the above.
A disadvantage of using computer-based accounting system is that it_______________
introduces storage media errors
introduces human posting errors
reduces the number of transactions posted
reduces incomplete entries
A disadvantage of using computerised accounting system is__________________________
the potential of lost audit trail if the backup is inadequate
the increase in posting error
the potential of incomplete journal entries
the increase in speed of posting
The sequence of operation in a computerised accounting environmentis _________________________
posting, journalising, preparation and printing of final reports
posting, creation of chart of accounts, the printing of final reports
printing of final reports, posting, journalising
journalising, posting, preparation and printing of final reports
Which of the following is a benefit of using a computerized accounting system?
Increased manual errors
Faster data processing
Higher costs for maintenance
Less data security
What does the acronym ERP stand for in accounting systems?
Enterprise Resource Planning
Electronic Resource Processing
Which of the following is NOT a component of an Accounting Information System?
Data analysis
Data storage
Data processing
Data visualization tools
