Answer These Accounting Information System Flashcards

1) Which of the following statements below shows the contrast between data and information?

Information is

The value of information can best be defined as

An accounting information system (AIS) processes ________ to provide users with ________.

Information that reduces uncertainty, improves decision makers' ability to make predictions, or confirms or corrects their prior expectations, is said to be

Information that is free from error or bias and accurately represents the events or activities of the organization is

Information that does not omit important aspects of the underlying events or activities that it measures is

When two knowledgeable people acting independently each produce the same information, this information is said to be

Data must be converted into information to be considered useful and meaningful for decision-making. There are six characteristics that make information both useful and meaningful. If information is free from error or bias and accurately represents the events or activities of the organization, it is representative of the characteristic of

An accounting information system must be able to perform which of thefollowing tasks?

Which of the following is not an example of a common activity in an AIS?

Which of the following is not one of the components of an AIS?

One group that relies on both the adequate collection and tranformation of data for decision-making purposes for an organization is

The primary objective of accounting is to

The American Institute of Certified Public Accountants (AICPA) has recognized the importance of AIS and the major impact information technology has on the area of accounting. To recognize individual CPAs who have met educational and experiential requirements in this area, the group formally created the designation known as