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  • Bcomp Ass1

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    Rev Richmon De Chavez
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    An accounts receivable aging report that was received before a credit manager had to make a decision on extending credit to a customer would be considered timely (G). The same report that was checked by three people for accuracy would be considered reliable (E). An accounts receivable report that included all customer accounts would be considered complete (D).

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    BCOMP ASS1

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    An accounts receivable aging report that was received before a credit manager had to make a decision on extending credit to a customer would be considered timely (G). The same report that was checked by three people for accuracy would be considered reliable (E). An accounts receivable report that included all customer accounts would be considered complete (D).

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    © All Rights Reserved
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    4 views1 page

    Bcomp Ass1

    Uploaded by

    Rev Richmon De Chavez
    An accounts receivable aging report that was received before a credit manager had to make a decision on extending credit to a customer would be considered timely (G). The same report that was checked by three people for accuracy would be considered reliable (E). An accounts receivable report that included all customer accounts would be considered complete (D).

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Matching Type

    Match the description listed in the right column with the information characteristic listed inthe left
    column.

    1. Relevant. F. An accounts receivable aging report is used in creditgranting decisions.

    2. Reliable. E. A report was checked by three different people for accuracy

    3. Complete. D. An accounts receivable aging report included all customer accounts.

    4. Timely. G. An accounts receivable aging report was received before the credit manager had to make a
    decision whether to extend credit to a customer.

    5. Understandable. A. The report was carefully designed so that the data contained in the report
    became information to the reader

    6. Verifiable. C. The data in a report was checked by two clerks working independently.

    7. Accessible. B. The manager was working one weekend and needed to find some information about
    production requests for a certain customer. He was able to find the report on the company’s network.

    8. Which of the following statements below shows the contrast between data and information?
    b. Information is the primary output of AIS

    9. Information is best described as. b. Data that has been organized and processed so that it is
    meaningful to its user.

    10. The value of information can best be determined by. c. The benefits associated with obtaining the
    information minus the cost of producing it

    11. An accounting information system (AIS) processes__________ to provide users with____________.


    a. data; information

    12. Which of the following is a primary activity in the value chain? c. Post-sales service

    13. Which of the following is NOT a means by which information improves decision making? a. increases
    information overload.

    14. In the value chain concept, upgrading IT is considered what kind of activity? b. Support activity

    15. In which cycle does a company ship goods to customers? c. revenue cycle

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