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Q1 We will get a clearer picture of how AIS supports organizational strategy if we could come up with some examples.
For instance, if a hospital's strategy this year is to reduce uncollectible/bad debt accounts from 5% to 3% of expected gross charges (revenues) in order to invest in new technology and provide quality services, how could AIS support this strategy?
Q2 Excellent discussions here! I'm enjoying the discussions. From a systems approach, we could analyze the accountant's interaction with the AIS in terms of 1) input 2) Process and 3) Output. How is the accountant involved in AIS implementation? Which department(s) does system analysis? Who is the owner of the AIS?
Who is involved in testing? Who approves system acquisitions? Who provides accounting/business rules for system development?
The questions above could help us broaden our responses to the question "What is the role of accountants in AIS implementation?
The deferred tax expense is the: a. increase in balance of deferred tax asset minus the increase in balance of deferred tax liability. b. increase in balance of deferred tax liability minus the increase in balance of deferred tax asset.
How would you define strategic planning? What are some differences between strategic and financial planning? What financial problems might an organization encounter when implementing a strategic plan?
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