ACC 200 Accounting Information Systems Tutorial Questions

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1) The primary objective of accounting is to 2) An accounting information system (AIS) processes to provide users with . 3) An accounting information system must be able to perform which of the... following tasks? 4) A good example of how an AIS is used to share knowledge within an organization is 5) 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? 6) Inventory information is provided in real time (eg,banks) by a firm's accounting information system. The accuracy of this information is questionable, however, since the production manager often reports stock outs of components that the system indicates are in stock. Which of the following characteristics of useful information is absent in the situation described above? 7) What does ERP stand for? 8) Which of the following statements is NOT a major reason of why accountants of the twentyfirst century must be comfortable with information systems concepts? 9) An accounting information system can best be defined as: 10)An accounting information system is unlikely to help a firm to: [Show More]

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