Question : 55.Which of the following statements regarding accounting information systems not : 1236989

55.Which of the following statements regarding accounting information systems is not true?    

A.Accounting information systems collect and process data from transactions and events.

B.Accounting information systems organize data in useful forms.

C.Accounting information systems are not subject to internal control policies.

D.Accounting information systems are useful to effective decision making.

E.Accounting information systems communicate information to business decision makers.

56.Which of the following statements is not true regarding internal control procedures?    

A.Internal control procedures are designed to ensure reliable financial reports.

B.Internal control procedures are designed to safeguards company assets.

C.Internal control procedures direct operations toward common goals.

D.Internal control procedures include methods to achieve compliance with laws and regulation.

E.Internal control procedures are not affected by the cost-benefit principle.

57.The control principle for accounting information systems requires that the:   

A.Benefits from an activity outweigh the costs of the activity.

B.System report useful, understandable, timely, and pertinent information for effective decision making.

C.System must have methods and procedures allowing managers to control and monitor business activities.

D.System be able to adjust to changes in the company, business environment, and needs of decision makers.

E.System conforms to a company’s activities, personnel, and structure.

58.The flexibility principle of accounting information systems prescribes that the:   

A.Benefits from an activity in the system outweigh the costs of the activity.

B.System report useful, understandable, timely, and pertinent information for effective decision making.

C.System aid managers in controlling and monitoring business activities.

D.System be able to adapt to changes in the company, business environment, and needs of decision makers.

E.System conforms to a company’s activities, personnel, and structure.

59.Which of the following accounting principles prescribes that an accounting information system report useful, understandable, timely, and pertinent information for effective decision-making?   

A.Control principle.

B.Compatibility principle.

C.Relevance principle.

D.Flexibility principle.

E.Cost-Benefit principle.

60.The five fundamental principles of accounting information systems are:   

A.Control, accountability, relevance, compatibility, and flexibility.

B.Historical cost, relevance, compatibility, flexibility, and cost-benefit.

C.Control, relevance, compatibility, flexibility, and safety.

D.Historical cost, relevance, compatibility, timeliness, and cost-benefit.

E.Control, relevance, compatibility, flexibility, and cost-benefit.

61.Which of the following statements regarding accounting information systems is not true?    

A.Accounting information systems consist of people, records, methods, and equipment.

B.Accounting information systems are more important than ever to decision makers.

C.Accounting information systems cannot improve on a company’s competitive edge.

D.Accounting information systems are designed to provide output including financial, managerial, and tax reports.

E.Accounting information systems are designed to capture information about a company’s transactions.

62.The basic components of an accounting information system include all of the following except:   

A.Source documents.

B.Warehouses.

C.Information processors.

D.Information storage.

E.Output devices.

63.Source documents:   

A.Are input devices.

B.Provide the basic information processed by an accounting system.

C.Cannot be electronic files or web communications.

D.Store processed information for future use.

E.Convert information to the system’s processing component.

64.Input devices include:   

A.Scanners.

B.Printers.

C.Software.

D.Ledgers.

E.Information processors.