Accounting Information Systems 15th Global Edition by Marshall B. Romney Solution manual
Sell DVD player. – Revenue cycle
Send an order to a vendor. – Expenditure cycle
Send new employees to a business ethics course. - Human resources/payroll cycle
Update the allowance for uncollectible accounts. – Revenue cycle
1.6 This chapter discusses several new technologies that impact accounting information systems: XBRL, artificial intelligence, data analytics, and blockchain. Research and then write a three-page report on one of these four technologies. Be sure to describe the technology’s current impact on the AIS and how it is used in actual businesses or how an attempt to implement it failed.
Students should be able to find numerous ways each of these technologies impact an AIS. They should also be able to find how the technologies are being used in actual businesses. They are less likely to find how an attempt to implement the technology failed.
The objective is to get the students to do the research necessary to learn more about the new technologies and their real world uses.
1.7 Match each of the following terms with its definition.
1. _J__ Accounting information systema. Exceeding the amount of information a human mind can absorb and process
2. _P__ Artificial intelligenceb. Use of software and algorithms to find and solve problems and improve business performance
3. _Y__ Blockchainc. The benefit provided by information minus the cost of producing it
4. _D__ Business processesd. A set of activities and tasks that help accomplish a specific organizational goal
5. _R__ Datae. An agreement to exchange goods or services in exchange for cash
6. _B__ Data analyticsf. Process of capturing, processing, and storing transaction data for later use and for producing information output
7. _U__ Data dashboard
g. Frequent exchanges such as surrendering cash for inventory and paying employees for labor
8. _N__ Expenditure cycleh. Activities associated with selling goods and services in exchange for cash or a future promise of cash
9. _X__ General ledger and reporting systemi. Value chain activities that produce, market, and deliver products
to customers and provide post-delivery support
10. _G__ Give-get exchangej. A system that collects, records, stores, and processes data to
produce information for decision makers
11. _Z_ Goal congruencek. Linking all the primary and support activities in a business
12. _T__ Information
l. Activities such as firm infrastructure and technology that enable main activities to be performed efficiently and effectively
13. _O__ Machine-readablem. An organization’s value chain as well as its vendors, distributors, and customers
14. _I__ Primary activitiesn. Activities associated with purchasing inventory for resale for cash or a promise to pay cash
15. _S_ Production cycleo. Data in a format that can be processed by a computer
16. _H__ Revenue cycle
p. Computer systems that simulate human intelligence processes such as learning, reasoning, and self-improvement
17. _M__ Supply chain
q. Procedures and routines that carry out specific activities, achieve objectives, or solve problems
18. _L__ Support activitiesr. Facts collected, recorded, stored, and processed by an information system
19. _Q__ System
s. Activities associated with using labor, raw materials, and equipment
to produce finished goods
20. _E__ Transaction
t. Organized and processed data that provide meaning and improve decision making
21. _K__ Value chain
u. Display of data points and performance indicators in easily understood charts, tables, or gauges
22. _C__ Value of informationv. Activities associated with hiring, compensating, promoting, and terminating employees
w. Major give-get exchanges that occur frequently in most companies
x. Information-processing operations involved in preparing reports for internal and external parties
y. Individual digital records linked using cryptography in a single list called a chain
z. A subsystem achieves its goals while contributing to the overall goal