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Test Bank For Accounting Information Systems 9e James A. Hall, Answered

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Test Bank For Accounting Information Systems 9e James A. Hall, Answered-Information is a business resource. ANS: T PTS: 1 2. IT outsourcing is location-independent computing. ANS: F PTS: 1 3. Tran... saction processing systems convert non-financial transactions into financial transactions. ANS: F PTS: 1 4. Information lacking reliability may still have value. ANS: F PTS: 1 5. A balance sheet prepared in conformity with GAAP is an example of discretionary reporting. ANS: F PTS: 1 6. The Management Reporting System provides the internal financial information needed to manage a business. ANS: T PTS: 1 7. Most of the inputs to the General Ledger System come from the Financial Reporting System. ANS: F PTS: 1 8. When preparing discretionary reports, organizations can choose what information to report and how to present it. ANS: T PTS: 1 9. Retrieval is the task of permanently removing obsolete or redundant records from the database. ANS: F PTS: 1 10. Systems development represents 80 to 90 percent of the total cost of a computer system. ANS: F PTS: 1 11. The database administrator is responsible for the security and integrity of the database. ANS: T PTS: 1 Accounting Information Systems, 9e – Test Bank, Chapter 1 12. Custom software is completely finished, tested, and ready for implementation. ANS: F PTS: 1 13. The internal auditor represents the interests of third-party outsiders. ANS: F PTS: 1 14. Information Technology (IT) audits can be performed by both internal and external auditors. ANS: T PTS: 1 15. Custom software is the most affordable systems development option. ANS: F PTS: 1 16. A database is a collection of interconnected computers and communications devices that allows users to communicate, access data and applications, and share information and resources. ANS: F PTS: 1 17. Systems maintenance consumes the majority of a system’s total costs. ANS: T PTS: 1 18. Cloud computing is a practice in which the organization sells its IT resources to a third-party outsourcing vendor then leases back IT services from the vendor for a contract period. ANS: F PTS: 1 19. A potential benefit of cloud computing is that the client firm does not need to know where its data are bring processed. ANS: F PTS: 1 20. One of the greatest disadvantages of database systems is that all data is always available to all users. ANS: F PTS: 1 21. Under SOX legislation public accounting firms are no longer allowed to provide consulting services to audit clients. ANS: T PTS: 1 22. One member of a company’s audit committee must be an independent CPA [Show More]

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