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Indicate Whether Each of the Following Statements Regarding Accounting Information

Question 66

Matching

Indicate whether each of the following statements regarding accounting information systems is :

(note: You do not need to write a justification for the statements that are sometimes true).

Premises:
A well designed accounting information system can help fulfill some elements of the FASB Conceptual Framework.
Accounting information systems problems are often open-ended.
All areas of accounting can involve problems with deterministic responses.
All problems in accounting information systems involve every area of accounting.
Because many AIS problems don't have one right answer, those same problems don't have any wrong answers either.
Other areas of accounting, such as financial and managerial accounting, do not involve open-ended problems.
Problems in accounting information systems do not have deterministic responses.
Solutions to problems in AIS and other areas of accounting always involve the use of information technology.
The general-purpose financial statements link accounting information systems with other areas of accounting.
The study of internal controls can link accounting information systems with other areas of accounting.
Responses:
always true
sometimes true
never true

Correct Answer:

A well designed accounting information system can help fulfill some elements of the FASB Conceptual Framework.
Accounting information systems problems are often open-ended.
All areas of accounting can involve problems with deterministic responses.
All problems in accounting information systems involve every area of accounting.
Because many AIS problems don't have one right answer, those same problems don't have any wrong answers either.
Other areas of accounting, such as financial and managerial accounting, do not involve open-ended problems.
Problems in accounting information systems do not have deterministic responses.
Solutions to problems in AIS and other areas of accounting always involve the use of information technology.
The general-purpose financial statements link accounting information systems with other areas of accounting.
The study of internal controls can link accounting information systems with other areas of accounting.
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