Podcast
Questions and Answers
What is the primary role of an Accounting Information System (AIS)?
What is the primary role of an Accounting Information System (AIS)?
- Store financial data only
- Collect and process financial and non-financial transactions (correct)
- Manage inventory
- Handle customer relations
Which of the following is not a component of the AIS?
Which of the following is not a component of the AIS?
- People
- Procedures and Instructions
- Marketing Tools (correct)
- IT Infrastructure
Which system provides internal management with special-purpose financial reports and data?
Which system provides internal management with special-purpose financial reports and data?
- Management Reporting System (MRS) (correct)
- General Ledger System
- Transaction Processing System (TPS)
- Decision Support System (DSS)
Which type of audit focuses on the effectiveness of IT controls?
Which type of audit focuses on the effectiveness of IT controls?
Which of the following systems helps in making strategic decisions at the senior management level?
Which of the following systems helps in making strategic decisions at the senior management level?
An ERP system integrates various business functions and departments into a single database and user interface.
An ERP system integrates various business functions and departments into a single database and user interface.
The Sarbanes-Oxley Act (SOX) Section 406 requires a public company to disclose whether it has adopted a code of ethics for its senior financial officers.
The Sarbanes-Oxley Act (SOX) Section 406 requires a public company to disclose whether it has adopted a code of ethics for its senior financial officers.
A flowchart shows the sequence of logical operations that a computer performs as it executes a program.
A flowchart shows the sequence of logical operations that a computer performs as it executes a program.
Internal control systems in an organization aim to promote inefficiency to identify mistakes more easily.
Internal control systems in an organization aim to promote inefficiency to identify mistakes more easily.
One of the disadvantages of ERP systems is that they may require changes to business processes to suit the system.
One of the disadvantages of ERP systems is that they may require changes to business processes to suit the system.
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