Question 1 A role of an accounting information system is to create new values an

Question

Question 1

A role of an accounting information system is to

create new values and mission for an organization

eliminate positions that were previously done manually with an automated accounting system

prepare managerial reports for a small company in compliance with SEC regulations

safeguard assets

5 points

Question 2

The role of an AIS would include

ensuring access to company bank account information is restricted

establishing relational databases for various accounts payable tables

establishing validation controls on how many characters would be acceptable for a customer's zip code

all of the above

5 points

Question 3

AIS are needed to

meet SEC regulations for all companies

meet the Freedom of Information Act of 1970 requirements for all companies

process data for financial and managerial reporting

all of the above

5 points

Question 4

__________ controls are designed to ensure information processed by the computer for financial statements is authorized, accurate, and complete.

Access

Application

Computer

Software

5 points

Question 5

When designing a database for accounts receivable, which of the following would be contained in the customer master file?

customer's permanent shipping address

item number of the last purchase made

shipping date for the three most recent purchases

total amount of the invoice for the last purchase, including sales tax

5 points

create new values and mission for an organization

eliminate positions that were previously done manually with an automated accounting system

prepare managerial reports for a small company in compliance with SEC regulations

safeguard assets

Explanation / Answer

Solution -1

A role of an accounting information system is to Safeguard of Assets

Solution-2

The role of an AIS would include all of the above

Solution-3

AIS are needed to process data for financial and managerial reporting.

Solution-4

Application controls are designed to ensure information processed by the computer for financial statements is authorized, accurate, and complete..

Solution-5

When designing a database for accounts receivable, which of the following would be contained in the customer master file?..... Cutomer Permannet Shipping Address

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