Accounting

7044 words 29 pages
Acct 340-Midterm Review

Multiple Choice
Identify the choice that best completes the statement or answers the question.

____ 1. Which of the following is NOT a process associated with an accounting information system?
|a. |auditing existing data |
|b. |collecting and recording data |
|c. |providing information to users |
|d. |analyzing and managing data |

____
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Which of the following cost management tools supports the firm's concentration on the delivery of value to the customer?
|a. |service industry growth |
|b. |global competition |
|c. |preparing an earnings report for the SEC |
|d. |value-chain analysis |

____ 8. A(n) ________________ is a computerized information system that strives to input data once and make it available to people across the company for different purposes
|a. |cost management information system |
|b. |enterprise resource planning system |
|c. |internal accounting system |
|d. |financial accounting system |

____ 9. Performance reports are accounting reports that

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