Accounting Information Systems

Question 1

What factors make information useful?

Question 2

What is the difference between information and data?

Question 3

What is a supply chain vs a value chain?

Question 4

A well-designed AIS can improve the decision-making function within the organization. Which statement below would describe a limitation, rather than a benefit, of an efficient AIS?
a.
An AIS provides to its users an abundance of information without any filtering or condensing of such information.

b.
An AIS identifies situations requiring management action.

c.
An AIS provides information about the results of previous decisions which provides decision makers with feedback that can be used in future decision making.

d.
An AIS reduces uncertainty, and therefore accounting information can provide a basis for choosing among alternative courses of action.

Answer 4

a.
An AIS provides to its users an abundance of information without any filtering or condensing of such information.