Accounting Information Systems

Answer the following multiple choice questions:

1- Which of the following is an example of an internal control in the AIS?

a) Bank reconciliation

b) Sales Order

c) Balance sheet

d) Steps in the accounting cycle

2- Which of the following provides the best example of "materiality" as the term is used in the FASB conceptual framework?

a) Preparing an operating bidget

b) Expensing the cost of a wastebasket

c) Reporting investments at their FMV

d) Providing information for decisions

3- All of the following are facts about AIS except:

a) They should all involve some form of internal control

b) They always incorporate information technology

c) They usually provide general-purpose financial statements as outputs

d) They can involve three types of storage files

4- Which of the following best pairs a generic element of the AIS with a specific example of that element?

a) Input, balance sheet

b) Internal control, general ledger software

c) Internal control, balance sheet

d) Input, general ledger software

5- Which of the following statements shows the strongest level of information competence?

a) Never using Wikipedia to do research

b) Consulting the AICPA website for information on fraud examination

c) Investigating an author's professional background

d) Using only scholarly information as the basis for a paper