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Implementation of a process-based information system

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You are the owner of a successful business that is starting to grow. You are considering the acquisition and implementation of a process-based information system.

Explain to your business partner, who is a traditional accountant, the relationship between business processes and the information system. Also, explain how a traditional accounting system differs from a process-based system.

Discussion questions. Critical thinking/logical reasoning.

An audit trail traces a source document to its ultimate effect on the financial statements or vice versa.

Describe what the audit trail would be for an inventory purchase.

Reference no: EM133205504

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