Introduction to Accounting Information Systems (AIS) Quiz
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Questions and Answers

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?

    <p>To limit access to authorized users</p> Signup and view all the answers

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

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

    What type of data should be encrypted in an AIS?

    <p>All of the above</p> Signup and view all the answers

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

    <p>All of the above</p> Signup and view all the answers

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

    <p>To optimize hardware and software compatibility</p> Signup and view all the answers

    What type of security measure might include biometric identification?

    <p>Facial recognition</p> Signup and view all the answers

    What type of threats should an AIS be protected from?

    <p>All of the above</p> Signup and view all the answers

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

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

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

    <p>To create sales reports</p> Signup and view all the answers

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

    <p>To assemble the order</p> Signup and view all the answers

    What is an accounts receivable in the sales process?

    <p>An IOU from the customer</p> Signup and view all the answers

    What can auditors use the data in an AIS for?

    <p>To assess a company's internal controls</p> Signup and view all the answers

    What are the procedures and instructions of an AIS?

    <p>The methods it uses for collecting, storing, retrieving, and processing data</p> Signup and view all the answers

    What does an AIS database structure store?

    <p>Financial information pertinent to the organization's business practices</p> Signup and view all the answers

    What type of data should go into an AIS?

    <p>Inventory data and payroll information</p> Signup and view all the answers

    What is the software component of an AIS?

    <p>The computer programs used to store, retrieve, process, and analyze financial data</p> Signup and view all the answers

    What was an AIS before the use of computers?

    <p>A manual, paper-based system</p> Signup and view all the answers

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

    <p>Finance department</p> Signup and view all the answers

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

    <p>All of the above</p> Signup and view all the answers

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

    <p>Marketing strategies</p> Signup and view all the answers

    Who can use an accounting information system (AIS)?

    <p>All of the above</p> Signup and view all the answers

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

    <p>To ensure accuracy in financial transactions</p> Signup and view all the answers

    What is the purpose of internal controls in an AIS?

    <p>To protect sensitive data</p> Signup and view all the answers

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

    <p>All of the above</p> Signup and view all the answers

    What is the function of software in an AIS?

    <p>To manage and process financial data</p> 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?

    <p>Specially trained accountants</p> Signup and view all the answers

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

    <p>To make financial data easily available</p> Signup and view all the answers

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