21 an accounting information system is said to be relevant if it a works smoothly wi 4306388

21 an accounting information system is said to be relevant if it a works smoothly wi 4306388

21) An accounting information system is said to be relevant, if it ________.

A) works smoothly with the business's employees and organizational structure

B) safeguards a business's assets and reduces the likelihood of fraud and errors

C) provides information that will improve decision making and reduce uncertainty

D) accommodates changes in the business over time

22) An accounting information system is said to have good control characteristics, if it ________.

A) works smoothly with the business's employees and organizational structure

B) safeguards a business's assets and reduces the likelihood of fraud and errors

C) provides information that will improve decision making and reduce uncertainty

D) accommodates changes in the business over time

23) Which of the following is true of an effective accounting information system?

A) It has little influence in improving a company's internal control activities.

B) The cost of using an accounting information system is the same for both small and large businesses.

C) A compatible accounting information system works smoothly with the business's employees and organizational structure.

D) Large private companies prefer a manual accounting information system since their financial statements are not audited.

24) An effective accounting information system that provides relevant information ________.

A) increases the likelihood of fraud and errors

B) reduces the cost of employing an accounting information system

C) improves decision making and reduces uncertainty

D) improves the accuracy of data entry when manual

25) In an accounting information system, source documents are the documents which ________.

A) are audited and presented to the Securities Exchange Commission

B) detail the strategic planning of the business

C) have complete information about the financial statements

D) provide the evidence for accounting transactions

26) Which of the following is an example of a source document in a computerized accounting information system?

A) purchase invoices

B) balance sheet

C) cash payments journal

D) income statement

27) Which of the following is true of source documents in an accounting information system?

A) All journal entries can be considered as source documents in an accounting information system.

B) Source documents provide control and reliability in an accounting information system.

C) A manual document cannot be considered as a source document in an accounting information system.

D) In a manual accounting information system, source documents refer to financial statements.

28) Which of the following is an example of a source document in a computerized accounting information system?

A) statement of cash flows

B) balance sheet

C) bank checks

D) general ledger

29) Which of the following is true of data processing and storage in a computerized information system?

A) In a computerized accounting information system, processing includes manually journalizing transactions and posting to the accounts.

B) In a computerized accounting information system, there will be a main centralized computer where data is stored, which cannot be accessed from any other computers.

C) In both computerized and manual systems, all data are contained in paper documents and are often stored in filing cabinets and off-site document warehouses.

D) In a computerized accounting information system, companies need to spend large amounts of cash to ensure that their data and information are secure.

30) The main computer where data is stored, which can be accessed from many different computers is known as a(n) ________.

A) internet protocol

B) RAM

C) server

D) router

31) Which of the following is an example of a storage device in an accounting information system?

A) monitor

B) network

C) printer

D) server

32) Which of the following is an input device in an accounting information system?

A) keyboard

B) internet protocol

C) printer

D) router

33) Which of the following is an output device in an accounting information system?

A) keyboard

B) internet protocol

C) printer

D) mouse

34) Which of the following is true of outputs in an accounting information system?

A) In a manual system, reports and financial statements must be created using Word documents, Excel spreadsheets, or PowerPoint.

B) In a computerized system, the software can generate reports instantaneously that can never be manipulated.

C) Examples of outputs in an accounting information system include purchase invoices, bank checks, and sales invoices.

D) Since the output in an accounting information system are audited and error-free, it provides the evidence and data for accounting transactions.

35) Which of the following is true of the comparison between a manual and a computerized accounting information system?

A) In both manual and computerized systems, reports and financial statements must be created using Word documents, Excel spreadsheets, or PowerPoint.

B) In a computerized system, the software can generate financial reports instantaneously that can never be manipulated.

C) In a manual system, data are contained in paper documents that are often stored in filing cabinets and off-site document warehouses; whereas in a computerized system, data are stored on a main computer called a server.

D) In both manual and computerized systems, processing data includes manually journalizing transactions and posting to the accounts.

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