Accounting Information Systems
Exam Questions
Course Introduction
Accounting Information Systems explores the intersection of accounting practices and information technology, focusing on how computerized systems are used to collect, process, and report financial data. The course covers key concepts such as system design, internal controls, data integrity, and security within the accounting cycle. Students will gain hands-on experience with widely used accounting software and learn how to analyze and document business processes for effective decision-making. Emphasis is placed on how reliable information systems can improve organizational efficiency, support regulatory compliance, and enhance the strategic role of accountants in today's digital business environment.
Recommended Textbook
Data Analytics for Accounting 1st Edition by Vernon Richardson
Available Study Resources on Quizplus
8 Chapters
415 Verified Questions
415 Flashcards
Source URL: https://quizplus.com/study-set/2645
Page 2
Chapter 1: Data Analytics in Accounting and Business
Available Study Resources on Quizplus for this Chatper
55 Verified Questions
55 Flashcards
Source URL: https://quizplus.com/quiz/52774
Sample Questions
Q1) Which of the following best describes the regression approach to data analytics?
A) An attempt to estimate or predict, for each unit, the numerical value of some variable using some type of statistical model.
B) An attempt to predict a relationship between two data items.
C) An attempt to divide individuals into groups in a useful or meaningful way.
D) An attempt to discover associations between individuals based on transactions involving them.
Answer: A
Q2) Which approach to data analytics attempts to characterize the typical behavior of an individual,group or population by generating summary statistics about the data?
A) Similarity matching.
B) Profiling.
C) Data reduction.
D) Regression.
Answer: B
Q3) Data normalization can reduce data redundancy and improve data integrity.
A)True
B)False
Answer: True
To view all questions and flashcards with answers, click on the resource link above.
Page 3
Chapter 2: Data Preparation and Cleaning
Available Study Resources on Quizplus for this Chatper
55 Verified Questions
55 Flashcards
Source URL: https://quizplus.com/quiz/52773
Sample Questions
Q1) The purpose of transforming data is:
A) To validate the data for completeness and integrity
B) To load the data into the appropriate tool for analysis
C) To identify and obtain the data from the appropriate source
D) To identify which approach to data analytics should be used
Answer: A
Q2) Unlike the IMPACT cycle,requesting data is not an iterative process.
A)True
B)False
Answer: False
Q3) At which step of the ETL process should you try to answer the question "Where are the data located in the financial or other related systems?"
A) Step 1: Determine the purpose and scope of the data request.
B) Step 2: Obtain the data.
C) Step 3 or 4: Transformation.
D) Step 5: Loading the data for data analysis.
Answer: B
To view all questions and flashcards with answers, click on the resource link above.
4
Chapter 3: Modeling and Evaluation: Going From Defining
Business Problems and Data Understanding to Analyzing
Data and Answering Questions
Available Study Resources on Quizplus for this Chatper
55 Verified Questions
55 Flashcards
Source URL: https://quizplus.com/quiz/52772
Sample Questions
Q1) Which of the following best describes an independent variable?
A) Output
B) Input
C) Application
D) Operation
Answer: B
Q2) When considering a question such as "Do our customers form natural groups based on similar attributes?" you would use an unsupervised approach.
A)True
B)False
Answer: True
Q3) The data approach used to characterize the typical behavior of an individual,group or population by generating summary statistics about the data is referred to as classification.
A)True
B)False
Answer: True
Page 5
To view all questions and flashcards with answers, click on the resource link above.
Chapter 4: Visualizations: Using Visualizations and
Summaries to Share Results
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/52771
Sample Questions
Q1) Declarative visualizations are the product of wanting to 'declare' or present your findings to an audience.
A)True
B)False
Q2) When work is completed with qualitative data,it will most frequently be visualized using the tools in Quadrant 1,the declarative,data-driven quadrant.
A)True
B)False
Q3) The following charts are frequently considered for depicting qualitative data except:
A) Line chart
B) Pie chart
C) Bar chart
D) Stacked bar chart
Q4) After completing your data analysis,the write-up should only include a discussion of the steps of the IMPACT model that really matter.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: The Modern Audit and Continuous Auditing
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/52770
Sample Questions
Q1) Which of the following describes a homogenous systems approach?
A) ensures that all of its divisions and subsidiaries use a uniform installation of the chosen ERP system
B) allows all divisions and subsidiaries use the ERP system that works best for each location
C) provides a single table of data with user-defined attributes that is stored separate from any application
D) maps the various tables and fields from multiple ERP systems
Q2) Chapter 5 discusses the essential properties of working papers.With respect to data analytics,working papers should contain the following items except:
A) work programs used to document the audit procedures to collect, manipulate, model, and evaluate data
B) evidence, including performance evaluations, of the competency of the auditors completing the working paper.
C) database maps and data dictionaries that define the location and types of data auditors will analyze
D) documentation about existing automated controls, including parameters and variables used for analysis
To view all questions and flashcards with answers, click on the resource link above. Page 7
Chapter 6: Audit Data Analytics
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/52769
Sample Questions
Q1) Large training sets are needed to generate relatively accurate models when using which type of approach?
A) Descriptive
B) Regression
C) Classification
D) Diagnostic
Q2) A sales order ID is a unique identifier for each purchase order.
A)True
B)False
Q3) Grouping balances by date is referred to as ________ and is an example of ________ analytics.
A) age analysis; diagnostic
B) age analysis; descriptive
C) sorting; diagnostic
D) sorting; descriptive
Q4) Prescriptive analytics identifies a course of action for the auditor to take based on the actions taken in similar situations in the past.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 8
Chapter 7: Generating Key Performance Indicators
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/52768
Sample Questions
Q1) Data visualization is the most effective way to communicate the result of any data analysis.
A)True
B)False
Q2) Process downtime level is which of the following types of KPI?
A) Employee performance
B) Operational
C) Customer
D) Financial performance
Q3) Financial performance KPIs include net profit,net profit margin,and gross profit margin.
A)True
B)False
Q4) Revenue per employee is which of the following types of KPI?
A) Employee performance
B) Operational
C) Customer
D) Financial performance
To view all questions and flashcards with answers, click on the resource link above. Page 9
Chapter 8: Using Financial Statement Data
Available Study Resources on Quizplus for this Chatper
50 Verified Questions
50 Flashcards
Source URL: https://quizplus.com/quiz/52767
Sample Questions
Q1) Accounts receivable turnover ratio is an example of which type of ratio?
A) solvency ratio
B) profitability ratio
C) liquidity ratio
D) activity ratio
Q2) XBRL is used for ________ and ________ financial elements.
A) organizing; defining B) organizing; determining C) obscuring; defining D) obscuring; determining
Q3) A major component of financial statement analysis is the use of ratio analysis.
A)True
B)False
Q4) Inventory turnover ratio is an example of which type of ratio?
A) solvency ratio
B) profitability ratio
C) liquidity ratio
D) activity ratio
To view all questions and flashcards with answers, click on the resource link above.
Page 10