Chapter 1 Page 1 1. An accounting information system collects, records, summarizes, analyzes, and manages data to transform inputs into information that is provided to users. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01 NATIONAL STANDARDS: United States - BUSPROG - Analytic STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions United States - v1 - AICPA-10 - FN-Measurement United States - v1 - IMA-08 - Information Management KEYWORDS: Bloom's - Remembering NOTES: Time Estimate - 5 min. DATE CREATED: 10/7/2016 9:25 AM DATE MODIFIED: 10/7/2016 9:25 AM QUESTION ID: JFND-GO33-GINU-1OJU QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UGGOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJT-GJUG-RP3S-GW5S-C3UB-8RSSECUD-CRSS-K3UR-GOSS-NCUD-GWSU-GP3W-GO3D-NATS-E7JI-YT4D-JFNN-4OTIGO4W-NQNBEE 2. The two major subsystems of the accounting information system are the financial accounting information system and the cost management accounting information system. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01 NATIONAL STANDARDS: United States - BUSPROG - Analytic