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Importance of AIS Study - Accounting Information Systems Is Important

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Importance of AIS study - Accounting information systems is important because it helps students develop their ability to respond to open-ended problems. Which of the following are open-ended? Place an "X" in the appropriate column.

 Yes  No  1. Choosing software for an accounting information system  2. Deciding how to store data in an accounting information system  3. Defining the qualitative characteristics of accounting information  4. Developing an internal control system  5. Evaluating a customer’s credit application  6. Identifying the elements of financial statements  7. Listing the assumptions associated with the FASB conceptual  framework  8. Making a journal entry to record a cash sale  9. Preparing a trial balance  10.Writing a check \begin{array}{|l|l|l|}\hline &\text { Yes } & \text { No } \\\hline \text { 1. Choosing software for an accounting information system } & \\\hline \text { 2. Deciding how to store data in an accounting information system } & & \\\hline \text { 3. Defining the qualitative characteristics of accounting information } & & \\\hline \text { 4. Developing an internal control system } & & \\\hline \text { 5. Evaluating a customer's credit application } & & \\\hline \text { 6. Identifying the elements of financial statements } & & \\\hline \text { 7. Listing the assumptions associated with the FASB conceptual } & \\ \text { framework } & & \\\hline \text { 8. Making a journal entry to record a cash sale } & & \\\hline \text { 9. Preparing a trial balance } & & \\\hline \text { 10.Writing a check }\\\hline \end{array}


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