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Questions and Answers
An accounting information system (AIS) is a subsystem of Management Information System (MIS)
An accounting information system (AIS) is a subsystem of Management Information System (MIS)
True
AIS is used to collect, store, manage, process, retrieve, and report financial data
AIS is used to collect, store, manage, process, retrieve, and report financial data
True
AIS is only used by accountants and auditors
AIS is only used by accountants and auditors
False
AIS helps different departments within a company work together
AIS helps different departments within a company work together
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An effective AIS uses only software to store and retrieve data
An effective AIS uses only software to store and retrieve data
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Internal and external controls of an AIS are not important for protecting sensitive data
Internal and external controls of an AIS are not important for protecting sensitive data
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Accounting information systems generally consist of five primary components
Accounting information systems generally consist of five primary components
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The people in an AIS are the system users
The people in an AIS are the system users
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AIS is not related to business activity tracking
AIS is not related to business activity tracking
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AIS ensures the highest level of accuracy in a company's financial transactions and record-keeping
AIS ensures the highest level of accuracy in a company's financial transactions and record-keeping
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True or false: AIS stands for Accounting Information System?
True or false: AIS stands for Accounting Information System?
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True or false: An AIS can be both manual and automated?
True or false: An AIS can be both manual and automated?
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True or false: SQL is a computer language commonly used for databases?
True or false: SQL is a computer language commonly used for databases?
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True or false: AIS stores all financial information pertinent to an organization's business practices?
True or false: AIS stores all financial information pertinent to an organization's business practices?
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True or false: AIS includes memos, correspondence, presentations, and manuals?
True or false: AIS includes memos, correspondence, presentations, and manuals?
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True or false: AIS facilitates a business's record-keeping, reporting, analysis, auditing, and decision-making activities?
True or false: AIS facilitates a business's record-keeping, reporting, analysis, auditing, and decision-making activities?
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True or false: AIS software is the computer programs used to store and analyze financial data?
True or false: AIS software is the computer programs used to store and analyze financial data?
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True or false: Before computers, AIS was a manual, paper-based system?
True or false: Before computers, AIS was a manual, paper-based system?
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True or false: AIS is designed to meet the needs of the people who will be using it?
True or false: AIS is designed to meet the needs of the people who will be using it?
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True or false: AIS should hinder efficiency in an organization?
True or false: AIS should hinder efficiency in an organization?
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Small businesses might use Intuit's Quickbooks or Sage's Sage 50 Accounting as their AIS software.
Small businesses might use Intuit's Quickbooks or Sage's Sage 50 Accounting as their AIS software.
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SAP's Business One is commonly used by small to mid-sized businesses.
SAP's Business One is commonly used by small to mid-sized businesses.
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Microsoft's Dynamics GP is primarily used by large businesses.
Microsoft's Dynamics GP is primarily used by large businesses.
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AIS software programs can be customized to meet the unique needs of different types of businesses.
AIS software programs can be customized to meet the unique needs of different types of businesses.
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IT infrastructure refers to the hardware used to operate the accounting information system.
IT infrastructure refers to the hardware used to operate the accounting information system.
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A turnkey system includes both the hardware and software needed for an AIS.
A turnkey system includes both the hardware and software needed for an AIS.
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Biometric identification is a type of internal control used to protect sensitive data in an AIS.
Biometric identification is a type of internal control used to protect sensitive data in an AIS.
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An AIS should include a plan for maintaining and upgrading hardware components.
An AIS should include a plan for maintaining and upgrading hardware components.
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All of the data in an AIS should be encrypted and access should be logged and surveilled.
All of the data in an AIS should be encrypted and access should be logged and surveilled.
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An AIS is not vulnerable to computer viruses, hackers, and other network security threats.
An AIS is not vulnerable to computer viruses, hackers, and other network security threats.
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Study Notes
Accounting Information Systems (AIS)
- An AIS is a part of a Management Information System (MIS).
- AIS is used to collect, manage, store, process, retrieve, and report financial data.
- AIS helps different departments within a company work together.
- An effective AIS uses both software and hardware to store and retrieve data.
- Internal and external controls of an AIS are crucial for protecting sensitive data.
- AIS typically consists of five primary components: people, processes, data, software, and hardware.
- The people in an AIS are the system users.
- AIS tracks business activities.
- AIS aims to ensure the highest level of accuracy in an organization's financial transactions and record-keeping.
AIS: True or False
- True: AIS stands for Accounting Information System.
- True: An AIS can be both manual and automated.
- True: SQL is a common computer language for databases.
- True: AIS stores all financial information relevant to an organization's business practices.
- True: AIS includes memos, correspondence, presentations, and manuals.
- True: AIS facilitates a business's record-keeping, reporting, analysis, auditing, and decision-making activities.
- True: AIS software refers to the computer programs used to store and analyze financial data.
- True: Before computers, AIS was a manual, paper-based system.
- True: AIS is designed to meet the needs of the people who will be using it.
- False: AIS should enhance efficiency in an organization.
AIS Software and Applications
- Small businesses may use Intuit's Quickbooks or Sage's Sage 50 Accounting as their AIS software.
- SAP's Business One is commonly used by small to mid-sized businesses.
- Microsoft's Dynamics GP is primarily used by large businesses.
- AIS software programs can be customized to meet the unique needs of different types of businesses.
AIS Infrastructure and Security
- IT infrastructure refers to the hardware used to operate the accounting information system.
- A turnkey system includes both the hardware and software needed for an AIS.
- Biometric identification is a type of internal control used to protect sensitive data in an AIS.
- An AIS should include a plan for maintaining and upgrading hardware components.
- All the data in an AIS should be encrypted, and access should be logged and monitored.
- An AIS can be vulnerable to computer viruses, hackers, and other network security threats.
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Description
Test your knowledge on Introduction to Accounting Information Systems (AIS) with this quiz. Learn about the structure, functions, and importance of AIS in managing and reporting financial data. Perfect for accountants, consultants, and business analysts.
