Introduction to Accounting Information Systems (AIS) Quiz

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Which software might small businesses use for accounting?

Microsoft's Dynamics GP
Intuit's Quickbooks (correct)
Oracle's PeopleSoft
Sage Group's MAS 90

Which software might mid-sized and large businesses use for accounting?

Sage's Sage 50 Accounting
Epicor Financial Management (correct)
Sage Group's MAS 90
SAP's Business One

What are the key components of effective AIS software?

Cost, speed, and storage capability
Hardware, software, and security
Customization, compatibility, and speed
Quality, reliability, and security (correct)

What is the purpose of internal controls in an AIS?

To limit access to authorized users (A) Signup and view all the answers

What type of security measure might be used in an AIS?

Passwords (D) Signup and view all the answers

What type of data should be encrypted in an AIS?

All of the above (D) Signup and view all the answers

What should be included in a plan for maintaining hardware in an AIS?

All of the above (D) Signup and view all the answers

What is the purpose of a turnkey system in an AIS?

To optimize hardware and software compatibility (D) Signup and view all the answers

What type of security measure might include biometric identification?

Facial recognition (B) Signup and view all the answers

What type of threats should an AIS be protected from?

All of the above (D) Signup and view all the answers

Which professionals may need to use an organization's AIS?

Auditors (B) Signup and view all the answers

What is the purpose of an AIS in the sales process?

To create sales reports (A) Signup and view all the answers

What is the role of the warehouse in the sales process?

To assemble the order (A) Signup and view all the answers

What is an accounts receivable in the sales process?

An IOU from the customer (D) Signup and view all the answers

What can auditors use the data in an AIS for?

To assess a company's internal controls (A) Signup and view all the answers

What are the procedures and instructions of an AIS?

The methods it uses for collecting, storing, retrieving, and processing data (D) Signup and view all the answers

What does an AIS database structure store?

Financial information pertinent to the organization's business practices (C) Signup and view all the answers

What type of data should go into an AIS?

Inventory data and payroll information (A) Signup and view all the answers

What is the software component of an AIS?

The computer programs used to store, retrieve, process, and analyze financial data (C) Signup and view all the answers

What was an AIS before the use of computers?

A manual, paper-based system (B) Signup and view all the answers

Which department within a company does an AIS help work together?

Finance department (A) Signup and view all the answers

What is the purpose of an accounting information system (AIS)?

All of the above (D) Signup and view all the answers

Which of the following is NOT a component of an accounting information system (AIS)?

Marketing strategies (B) Signup and view all the answers

Who can use an accounting information system (AIS)?

All of the above (D) Signup and view all the answers

What is the role of specially trained accountants in an AIS?

To ensure accuracy in financial transactions (C) Signup and view all the answers

What is the purpose of internal controls in an AIS?

To protect sensitive data (C) Signup and view all the answers

What are the primary components of an accounting information system (AIS)?

All of the above (D) Signup and view all the answers

What is the function of software in an AIS?

To manage and process financial data (B) Signup and view all the answers

Who is responsible for ensuring the highest level of accuracy in a company's financial transactions and record-keeping?

Specially trained accountants (C) Signup and view all the answers

What is the purpose of an accounting information system (AIS) in relation to financial data?

To make financial data easily available (A) Signup and view all the answers

QuickBooks

Accounting software used by small businesses.

Epicor Financial Management

Accounting software preferred by mid-sized and large businesses.