ACCT 3360 Accounting Information Systems Final Exam Review Q & A 2026 (Complete And Verified Study material) (21pages) LEARNEXAMS

What is the primary purpose of an Accounting Information System (AIS)? a) To process financial transactions b) To facilitate decision-making c) To comply with tax laws d) To manage customer relationships Answer: a) The primary purpose of an AIS is to process financial transactions. Rationale: While an AIS can aid in decision-making, compliance, and relationship management, its main function is to accurately and efficiently process financial data. Which of the following is a key feature of a robust AIS? a) Redundancy of data entry b) Real-time data processing c) Limited user access d) Manual backup systems Answer: b) Real-time data processing. Rationale: Real-time data processing ensures that information is current and available when needed, which is crucial for timely decision-making and operational efficiency. In the context of AIS, what does the term 'internal control' refer to? a) The control over the internal environment of the company b) The mechanisms in place to protect assets and ensure data integrity c) The control shareholders have over management decisions d) The regulations imposed by external bodies Answer: b) The mechanisms in place to protect assets and ensure data integrity. Rationale: Internal controls are designed to safeguard assets, prevent fraud, and ensure the reliability of financial records. Which of the following best describes 'business process management' in AIS? a) The manual tracking of business activities b) The use of software to manage customer interactions c) The analysis and improvement of business processes through AIS d) The delegation of decision-making to lower-level employees Answer: c) The analysis and improvement of business processes through AIS. Rationale: Business process management involves using AIS to analyze, design, implement, monitor, and optimize business processes.