Discuss the importance of accounting independence

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Problem 1: Discuss what is meant by the statement, ''The accounting system is a conceptual flow of information that represents the physical flows of personnel, raw materials, machinery, and cash through the organization.''

Problem 2: Discuss the importance of accounting independence in accounting information systems. Give an example of where this concept is important.

Problem 3: Contrast centralized data processing with distributed data processing. What do you think the trend is today? Support your answer.

Reference no: EM132776807

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