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AIS Quiz Chp 7_10

Accounting Information Systems

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Chapter 7 Quiz INCORRECT Based on the information they collect, accounting systems can be classified  as: A) Automated or paper-based. B) Flowcharted or diagrammed. C) Event-driven or view-driven. D) GAAP-based or non-GAAP based. Feedback: View-driven systems collect only the information needed to prepare general  purpose financial statements. Event-driven systems collect more comprehensive information  that is useful for a wider range of decisions. 2 CORRECT Which of the following is most closely associated with the development of  event-driven accounting information systems? A) McCarthy B) Porter C) Pacioli D) FASB Feedback: McCarthy is considered by many to be a pioneer in the development of event- driven AIS. 3 CORRECT Which type of accounting information system typically process data in  batches, often at the end of a fiscal period? A) View-driven systems only B) Event-driven systems only C) Both view- and event-driven systems D) Neither view- nor event-driven systems Feedback: View-driven systems have been criticized because they often process data in 
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batches, frequently at the end of a month. So, the data in view-driven systems is often not up- to-date. INCORRECT Which of the following is an "operating event," as the term is used in REAL  modeling? A) Preparing the operating section of a statement of cash flows B) Paying insurance premiums C) Deciding to make changes in an organization's operations D) The term "operating event" is not used in relation to REAL modeling. Feedback: Paying insurance premiums is an operating event. Preparing financial statements,  such as the statement of cash flows, is an information event. Deciding to make changes in  operations is a decision / management event.
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