Chapter 1

The Information System: An Accountant’s Perspective

15. Do you agree with the statement, “The term IT auditor should be considered obsolete because it implies a distinction between regular auditors and auditors who

examine computerized AIS”? Why or why not? 16. What are the primary reasons for segmenting organizations? 17. Why is it important to organizationally separate the

accounting function from other functions of the organization? 18. What is the most likely system acquisition method—in-house, turnkey, backbone, or vendor-supported—

for each of the following situations? • A plumbing supply company with 12 employees that sells standard products to wholesale customers in a local community needs a

system to manage its affairs.

• A major oil company with diverse holdings, complex oil leases, and esoteric accounting practices needs a system that can coordinate its many enterprises. • A

municipal government needs a system that complies with standard government accounting practices but can be integrated with other existing systems. 19. The REA model is

based on the premise that “business data must not be preformatted or artificially constrained and must reflect all relevant aspects of the underlying economic events.”

What does this mean and how is it applied? 20. ERP systems are composed of a highly integrated set of standardized modules. Discuss the advantages and potential

disadvantages of this approach.

Multiple-Choice Questions
1. Which of the following is NOT a financial transaction? a. purchase of products b. cash receipts c. update valid vendor file d. sale of inventory 2. The following

are subsystems of the Accounting Information System, EXCEPT a. Transaction Processing System. b. Human Resources System. c. General Ledger/Financial Reporting System.

d. Management Reporting System. 3. Which of the following is NOT a purpose of the Transaction Processing System? a. managing and reporting on the status of financial

investments b. converting economic events into financial transactions c. distributing essential information to operations personnel to support their daily operations

d. recording financial transactions in the accounting records 4. The objectives of the data collection activity of the general model for AIS are to collect data that

are a. relevant and redundant. b. efficient and objective. c. efficient and redundant. d. efficient and relevant. 5. Which of the following is NOT a characteristic of

effective information? a. relevance b. accuracy c. summarization d. precision 6. Which of the following is NOT a database management task? a. retrieval b. storage c.

summarization d. deletion

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Chapter 1

Identify yourself as a traditional or nontraditional adult learner

Traditional learner

Identify personal resources that will facilitate your success in a vn nursing program

Academic Resources

Social support services

Using your birthdate, identify tour generation and characteristics of this generation viewed as a resource for success in a vn program.

Generation Z

Characteristics

Digital natives

Desire creative, collaboration & want to impact the world

Highly influenced using technology & always being highly connected

Prefer using smart phones & would rather text than talk

Identify factors and issues that could interfere with your use of resources in the vn program and strategies to address these factors and issues.

Difficulty of schoolwork and the amount of time it takes to complete assignments.

Personal issues- extremely busy with school and family affairs

Discuss personal responsibility for learning and active participation in the learning process.

receive and participate in evaluation

responsibility to learn

Instructors are not responsible for successful learning or for failure to learn. In fact, Instructors help students learn how to learn.

Discuss your rights as an adult learner.

First Amendment- freedom of expression

Fourteenth Amendment- due process

It states that if I were charged with a violation of policies or rules, I will be presented with evidence of my misconduct and will be entitled to state my position.

Right to have an organized curriculum and a responsible instructor who is prepared to teach it.

Identify various types of evaluation used in a practical/vn program

Theory tests- look at my tests with the goal of understanding why the correct answers are correct and why the wrong answers you gave are wrong

Clinical performance evaluations- comments directed toward my behavior and not me as a person

Create a personal plan, inclusive of your unique resources, aimed at successfully completing a vn program within the designated time frame.

Be aware of the rules and policies of my school and the practical/vn program

Keep a record of my grades as a course proceeds

Seek out my instructor when I am having difficulties in class or the clinical area

Prepare my own assignments

Be prepared in advance for classes and clinical experiences

When problems do develop, follow the recognized channels of communication both at school and in the clinical area