12 Questions
What is the primary objective of accounting?
Provide useful information to decision makers
In an AIS course, what is the primary focus compared to other IS courses?
Understanding how information technology can be used to improve AIS processes
What must the AIS include controls to ensure?
Safety and availability of data
Who is most likely to be influenced first by a change in the AIS that makes information more easily accessible within an organization?
Organizational culture
What concept is composed of two types of activities, primary and support?
Value chain
Which of the following is a primary activity in the value chain?
Marketing and sales
What is the activity of arranging the delivery of products to customers called in value chain analysis?
Outbound logistics
An Accounting Information System (AIS) provides value by:
Both A and B
A decision situation that is non-routine and lacks an established framework is called a(n) __________ decision.
Unstructured
Within the value chain framework, research and development is identified as a:
Technology activity
When an AIS provides accurate and timely information to support primary value chain activities, it exemplifies:
All of the above
Which of the following is an example of a strategic planning decision?
Developing human resource practices
Study Notes
Value Chain Analysis
- Outbound logistics refers to the activity of arranging the delivery of products to customers.
Decision Making
- A decision situation that is non-routine and has no established framework is called an unstructured decision.
- Structured decisions have a clear and established framework.
Value Chain Concept
- The value chain is composed of two types of activities: primary and support activities.
- Primary activities include inbound logistics, operations, outbound logistics, marketing and sales, and service.
- Support activities include firm infrastructure, human resource management, technology development, and procurement.
Accounting Information Systems (AIS)
- AIS provides value by providing timely and reliable information to decision makers.
- AIS stands as an example of improved decision making when it provides accurate and timely information.
Decision Types
- Strategic planning decisions are long-term and have a significant impact on the organization.
- Operational control decisions are concerned with the effective and efficient execution of specific tasks.
- Management control decisions are concerned with the allocation of resources.
Accounting and Decision Making
- Accounting information plays major roles in managerial decision making by identifying situations requiring management action, reducing uncertainty, and providing a basis for choosing among alternative actions.
Accounting Information
- The primary objective of accounting is to provide useful information to decision makers.
- A typical source document could be in some paper form or a computer data entry screen.
Value Chain Activities
- Research and development is a support activity that enables the five primary value chain activities to be performed efficiently and effectively.
AIS Controls
- The AIS must include controls to ensure the safety and availability of data, and that information produced from data is accurate.
Impact of AIS on Organization
- A change in the AIS that makes information more easily accessible and widely available within an organization is most likely to first influence the organizational culture.
Test your knowledge on the primary objectives of accounting and AIS courses. Questions cover topics like the purpose of accounting, focus of an AIS course, and components of an AIS. See how well you understand these fundamental concepts!
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