AIS 242 (1)

Question 1

_______ flows of information used primarily at the operations level to capture transaction and operations data​

Answer 1

Horizontal

Question 2

Why is information a business resource?

Answer 2

It needs to be appropriately managed​
and is vital to the survival of contemporary businesses​

Question 3

This is processed data that is used to make decisions, resolve conflicts, and/or reduce uncertainty.

Answer 3

Information

Question 3

When it comes to Vertical flows of information​ what is a
Downward flow
and
Upward Flow

Answer 3

Downward flows–instructions, quotas, and budgets​

Upward flows–aggregated transaction and operations data​

Question 4

A group of interrelated multiple components or subsystems that serve a common purpose​

Answer 4

System

Question 4

When is a system a subsystem and vice versa?

Answer 4

A system is called a subsystem when it is viewed as a component of a larger system.​

A subsystem is considered a system when it is the focus of attention.​

Question 5

This is the set of formal procedures by which data are collected, processed into information, and distributed to users.​

Answer 5

Information System

Question 5

Economic events that affect the assets and equities of the organization ​

Answer 5

Financial transactions

Question 5

Transactions​ are?

Answer 5

A business event

Question 6

The process of dividing the system into smaller subsystem parts​

Answer 6

System Decomposition ​

Question 7

What type of system is accounting?

Answer 7

Information Systems
It identifies, collects, processes, and communicates economic information about an entity to a wide variety of people regardless of the technology​

Question 7

This system supports daily business operations​

Answer 7

Transaction processing system (TPS)​

Question 8

This system produces special-purpose reports for internal use​

Answer 8

Management Reporting System (MRS)

Question 8

This system produces financial statements and reports

Answer 8

General Ledger/ Financial Reporting System (GL/FRS)​

Question 9

Functions for transforming data into information according to the general AIS model

Answer 9

1. data Collection​
2. data Processing​
3. data Management​
4. information Generation​

Question 10

1. Data collection involves?

Answer 10

Capturing transaction data​

Recording data onto forms​

Validating and editing the data​

Question 10

2. Data Processing​ Involves?

Answer 10

Classifying​

Transcribing​

Sorting​

Batching​

Merging​

Calculating​

Summarizing​

Comparing​

Question 11

3. Data Management​ involves?

Answer 11

Storing​

Retrieving​

Deleting

Question 12

4. Information Generation​ involves?

Answer 12

Compiling​

Arranging​

Formatting​

Presenting​

Question 12

Information reliability requires?

Answer 12

Accounting Independence​

Accounting activities must be separate and independent of the functional areas maintaining resources. ​

Accounting supports these functions with information but does not actively participate. ​

Decisions-makers in these functions require that such vital information be supplied by an independent source to ensure its integrity.​

Question 12

The structure of an organization helps to allocate ?

Answer 12

responsibility​

authority​

accountability​

Question 13

This is a very common method of organizing

Answer 13

Segmenting by business function

Question 14

The REA model is an accounting framework for modeling an organization’s ?

Answer 14

economic resources (the assets of the organization), ​

economic events (phenomena that affect changes in resources), and​

economic agents (individuals and departments that participate in an economic event), and ​

and their interrelationships. ​

(Entity-relationship diagrams are used to model these relationships.​)

Question 15

The accounting function is responsible for the ___________, while the computer function is responsible for the ___________ system.​

Answer 15

Conceptual, Physical System

Question 16

This determines the nature of the information required, its sources, its destination, and the accounting rules that must be applied.

Answer 16

Conceptual System

Question 17

What are some examples of the database models?

Answer 17

Flatfile Model
Database Model
REA Model