Accounting Information Systems Test
Bank
Course Introduction
Accounting Information Systems (AIS) explores the integration of information technology with accounting processes to enhance the collection, processing, and reporting of financial data. This course covers key concepts such as the design and implementation of AIS, internal controls, data security, and the role of AIS in supporting decision-making and compliance. Students will learn about database management, system documentation, transaction cycles, and how emerging technologies impact accounting. Practical exercises often include analyzing real-world accounting systems, evaluating system risks, and developing strategies to ensure system reliability and integrity.
Recommended Textbook Management Accounting 6th Edition by Anthony A. Atkinson
Available Study Resources on Quizplus
11 Chapters
1086 Verified Questions
1086 Flashcards
Source URL: https://quizplus.com/study-set/1535
Page 2
Chapter 1: How Management Accounting Information Supports Decision
Making
Available Study Resources on Quizplus for this Chatper
82 Verified Questions
82 Flashcards
Source URL: https://quizplus.com/quiz/30336
Sample Questions
Q1) A national company manufactures a line of modern furniture.Information MOST useful to the employee who assembles the furniture includes:
A)a daily report comparing the actual time it took to assemble a piece of furniture to the standard time allowed.
B)a monthly report on the proportion of furniture pieces assembled with defects.
C)the number of furniture pieces sold this month.
D)revenue per employee.
Answer: A
Q2) Management accounting is subject to the rules formulated by standard setters such as the Financial Accounting Standards Board (FASB).
A)True
B)False
Answer: False
Q3) Management accounting information is primarily oriented to external stakeholders,such as investors,creditors,regulators,and tax authorities.
A)True
B)False Answer: False
To view all questions and flashcards with answers, click on the resource link above. Page 3
Chapter 2: The Balanced Scorecard and Strategy Map
Available Study Resources on Quizplus for this Chatper
83 Verified Questions
83 Flashcards
Source URL: https://quizplus.com/quiz/30339
Sample Questions
Q1) Outcomes,rather than activities,primarily drive the strategy of nonprofit and government organizations.
A)True
B)False
Answer: True
Q2) Important measures in the customer perspective usually include the percentage of repeat customers and growth in sales to existing customers.
A)True
B)False
Answer: True
Q3) Problems may arise when developing a Balanced Scorecard for all of the following reasons EXCEPT:
A)poor organizational process for development and implementation of the Balanced Scorecard.
B)too few scorecard measures.
C)senior executives share the strategy and Scorecard with middle managers and employees on the front line.
D)none of the above
Answer: C
To view all questions and flashcards with answers, click on the resource link above.
Page 4
Chapter 3: Using Costs in Decision Making
Available Study Resources on Quizplus for this Chatper
128 Verified Questions
128 Flashcards
Source URL: https://quizplus.com/quiz/30340
Sample Questions
Q1) Explain when a manager would use cost-volume-profit analysis.
Answer: Cost-volume-profit analysis is helpful for evaluating the profit impact of management decisions that affect production and sales volume. Also use for planning purposes to determine affects on costs and profits if change costs or selling price.
Q2) The maximum price that Fair Engineering Company should be willing to pay the outside supplier for each unit of part QE767 is:
A)$10.
B)$15.
C)$15.80.
D)$16.
Answer: C
Q3) If Marine Industrial Coatings replaces the existing computer system with the new one,over the next 5 years operating income will:
A)increase by $2,500.
B)increase by $17,500.
C)decrease by $10,000.
D)increase by $5,000.
Answer: A
To view all questions and flashcards with answers, click on the resource link above.
Chapter 4: Accumulating and Assigning Costs to Products
Available Study Resources on Quizplus for this Chatper
106 Verified Questions
106 Flashcards
Source URL: https://quizplus.com/quiz/30341
Sample Questions
Q1) Depreciation on factory equipment is best characterized as A)direct costs.
B)fixed manufacturing overhead.
C)variable overhead.
D)period costs.
Q2) What are the total manufacturing costs of Job #316?
A)$715
B)$880
C)$1,595
D)$1,000
Q3) If overhead cost driver rates are calculated monthly,distortions might occur because of:
A)rental costs paid monthly.
B)property tax payments made in July and December.
C)routine, monthly preventive maintenance costs that benefit future months.
D)property tax payments made in July and December,and routine,monthly preventative maintenance costs that benefit future months.
Q4) Does adding more cost pools always result in better overhead costs estimates? Why or why not?
Q5) Why is an accurate product cost important?
To view all questions and flashcards with answers, click on the resource link above. Page 6
Chapter 5: Activity-Based Cost Systems
Available Study Resources on Quizplus for this Chatper
113 Verified Questions
113 Flashcards
Source URL: https://quizplus.com/quiz/30342
Sample Questions
Q1) Designing an activity-based cost system includes:
A)classifying as many costs as indirect costs as is feasible.
B)creating as many cost pools as possible.
C)identifying the activities performed by the plant's resources.
D)seeking a broader focus rather than detail.
Q2) Activity-based cost systems use cost centers to accumulate costs.
A)True
B)False
Q3) Smaller cost distortions occur when the traditional cost systems' unit-level assignments and the alternative activity cost driver assignments:
A)are different in proportion to each other.
B)are similar in proportion to each other.
C)are more different than alike.
D)use the same cost driver units.
Q4) Traditional cost systems distort product costs because:
A)they do not know how to identify the appropriate units.
B)excess capacity costs are ignored.
C)they emphasize financial accounting requirements.
D)they use unit-level cost drivers to allocate overhead costs to products.
Q5) How are cost drivers selected in activity-based costing systems?
Page 7
To view all questions and flashcards with answers, click on the resource link above.
Chapter 6: Measuring and Managing Customer Relationships
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/30343
Sample Questions
Q1) Companies generally use two approaches to customer satisfaction surveys: telephone interviews and personal interviews.
A)True
B)False
Q2) Salespersons' incentives that set minimum quotas and commissions based on sales revenue,and tie bonuses and rewards to achieving sales revenues above a stretch target contribute to unprofitable customer relationships.
A)True
B)False
Q3) In a service company,marketing and selling costs are customer independent.
A)True B)False
Q4) The 80/20 rules states that the top 20% of customers generate 80% of revenues. A)True B)False
Q5) Marketing,selling,distribution,and administrative expenses are dependent on the volume and mix of products that the company produces. A)True B)False
To view all questions and flashcards with answers, click on the resource link above. Page 8
Chapter 7: Measuring and Managing Process Performance
Available Study Resources on Quizplus for this Chatper
78 Verified Questions
78 Flashcards
Source URL: https://quizplus.com/quiz/30344
Sample Questions
Q1) Discuss cost reductions that can result from reducing work-in-process inventory.
Q2) Under traditional costing,supervisors and engineers are assumed to have superior knowledge about how to improve processes because they actually work with the manufacturing processes used to produce products.
A)True
B)False
Q3) When using a just-in-time manufacturing,a problem anywhere in the system can stop all production.
A)True
B)False
Q4) As a result of the layout reorganization,reduced levels of work-in-process inventory are projected to decrease inventory carrying costs annually by:
A)$ 1,100.
B)$ 3,750.
C)$ 4,400.
D)$5,500.
Q5) The buildup of inventories decreases the cycle time of production.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 9
Chapter 8: Measuring and Managing Life-Cycle Costs
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/30345
Sample Questions
Q1) Breakeven time measures the length of time from the project's beginning until the product has been introduced and generated enough profit to pay back the investment originally made in its development
A)True
B)False
Q2) The post-sale service and disposal cycle is distinct from the manufacturing cycle.
A)True
B)False
Q3) Target costing is:
A)customer-driven.
B)value-driven.
C)engineering-driven.
D)market-driven.
Q4) As much as 80-85% of a product's total life costs are the result of decisions made in the research development and engineering cycle of the product's life.
A)True
B)False
Q5) What is benchmarking and why is it used?
To view all questions and flashcards with answers, click on the resource link above.
Page 10
Chapter 9: Behavioral and Organizational Issues in Management Accounting and Control Systems
Available Study Resources on Quizplus for this Chatper
125 Verified Questions
125 Flashcards
Source URL: https://quizplus.com/quiz/30346
Sample Questions
Q1) Hierarchical organizations with many layers of management are referred to as flat organizations.
A)True
B)False
Q2) Goal congruence in an organization refers to:
A)ensuring that appropriate disciplinary actions can be taken against unethical acts.
B)alignment of employee and organizational objectives.
C)so that essential tasks get accomplished.
D)ensuring that the organization's ethical code of conduct is enforced.
Q3) Video surveillance is an example of results control.
A)True
B)False
Q4) Monitoring focuses on measuring employee performance against stated objectives.
A)True
B)False
Q5) Explain why it is important to integrate the organizational code of ethics into the management accounting and control system.
To view all questions and flashcards with answers, click on the resource link above. Page 11
Q6) How does the human resource model of motivation differ from the scientific management school?
Chapter 10: Using Budgets for Planning and Coordination
Available Study Resources on Quizplus for this Chatper
139 Verified Questions
139 Flashcards
Source URL: https://quizplus.com/quiz/30337
Sample Questions
Q1) May's direct labor planning variance was:
A)$134,512.50 favorable.
B)$ 487.50 favorable.
C)$ 487.50 unfavorable.
D)indeterminable using the above information.
Q2) A flexible budget variance is $1,500 favorable for unit-related costs.This indicates that:
A)actual costs were $1,500 more than the master budget.
B)actual costs were $1,500 less than standard for the achieved level of activity.
C)the sum of the planning and efficiency variances totals $1,500.
D)actual costs were $1,500 less than for the planned level of activity.
Q3) How much cash will be collected from customers in June?
A)$129,000
B)$141,000
C)$150,000
D)None of the above is correct.
Q4) If standards are lax,cost variances will tend to be unfavorable.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 12
Chapter 11: Financial Control
Available Study Resources on Quizplus for this Chatper
88 Verified Questions
88 Flashcards
Source URL: https://quizplus.com/quiz/30338
Sample Questions
Q1) A major problem faced by cost centers is assigning jointly earned revenues.
A)True
B)False
Q2) If the Produce department had been eliminated prior to this year,the company would have reported:
A)greater corporate profits.
B)the same amount of corporate profits.
C)less corporate profits.
D)resulting profits cannot be determined.
Q3) All of the following are true of a revenue center EXCEPT that it:
A)controls service quality and units sold.
B)controls the acquisition cost of the product or service sold.
C)may control price, product mix, and promotional activities.
D)may incur sales and marketing costs.
Q4) Return on investment is the ratio of income to investment,with varying definitions of income and investment.
A)True
B)False
Q5) What is financial control and how does it relate to nonfinancial measures?
Q6) Why are transfer prices used? What is a market-based transfer price?
Page 13
To view all questions and flashcards with answers, click on the resource link above.