Accounting Information System Overview

Information is a business resource.

• TRUE

• FALSE

An information system is an example of a natural system.

• TRUE

• FALSE

Transaction processing systems convert non-financial transactions into financial transactions

• TRUE

• FALSE

A balance sheet prepared in conformity with GAAP is an example of discretionary reporting.

• TRUE

• FALSE

The Management Reporting System provides the internal financial information needed to manage a business.

• TRUE

• FALSE

Information lacking reliability may still have value

• TRUE

• FALSE

Most of the inputs to the General Ledger System come from the Financial Reporting System.

• TRUE

• FALSE

When preparing discretionary reports, organizations can choose what information to report and how to present it.

• TRUE

• FALSE

Retrieval is the task of permanently removing obsolete or redundant records from the database

• TRUE

• FALSE

The database administrator is responsible for the security and integrity of the database.

• TRUE

• FALSE