Accounting Information Systems Chapter 1 General Model for AIS
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Questions and Answers

What is the process of capturing transaction data called in an Accounting Information System?

  • Transcribing
  • Classifying (correct)
  • Storing
  • Sorting
  • Which activity is associated with the Data Management phase of an AIS?

  • Retrieving (correct)
  • Merging
  • Summarizing
  • Calculating
  • What is the final step in the process of Information Generation in an AIS?

  • Arranging
  • Presenting (correct)
  • Formatting
  • Compiling
  • Which of the following tasks is NOT part of Data Processing in an AIS?

    <p>Formatting</p> Signup and view all the answers

    What is the purpose of 'Recording data onto forms' in Data Collection for an AIS?

    <p>Capturing transaction details</p> Signup and view all the answers

    Which step directly precedes 'Comparing' in the Data Processing phase of an AIS?

    <p>Summarizing</p> Signup and view all the answers

    What are the functions for transforming data into information according to the general AIS model?

    <p>Data Collection, Data Processing, Data Management, Information Generation</p> Signup and view all the answers

    Which type of financial transactions are the most common source of data for most organizations?

    <p>External financial transactions</p> Signup and view all the answers

    What does AIS stand for in the context of the text?

    <p>Accounting Information Systems</p> Signup and view all the answers

    What does TPS stand for in the context of an organization's data processing?

    <p>Transaction Processing System</p> Signup and view all the answers

    Which system involves the exchange or movement of resources within the organization?

    <p>General Ledger/Financial Reporting System (GL/FRS)</p> Signup and view all the answers

    What is a primary source of data for most organizations?

    <p>Sale of services</p> Signup and view all the answers

    Which type of information system is responsible for collecting and processing data from transactions?

    <p>Transaction Processing System (TPS)</p> Signup and view all the answers

    What is the primary function of the General Ledger/Financial Reporting System (GL/FRS)?

    <p>To generate financial statements and reports for external stakeholders</p> Signup and view all the answers

    Which system provides information to support decision-making by managers at various levels of the organization?

    <p>Management Reporting System (MRS)</p> Signup and view all the answers

    According to the General Model for Accounting Information Systems (AIS), what is the first step in the data processing cycle?

    <p>Data collection</p> Signup and view all the answers

    Which of the following is NOT considered a data source in an Accounting Information System (AIS)?

    <p>Management opinions and personal preferences</p> Signup and view all the answers

    What is the primary difference between centralized and distributed data processing approaches?

    <p>Centralized data processing uses a single large computer, while distributed data processing uses multiple smaller computers</p> Signup and view all the answers

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