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What is a management accounting system

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1. If an organisation has decided to implement an accounting information system (AIS), it will need to establish the specification for the system, taking into account its and the user's needs, security requirements, the information or records it will capture, and other requirements. List six system specifications that the organisation may need to establish.

2. List six elements of a typical accounting information system.

3. List four reasons why information is produced in an AIS.

4. An AIS is an information system designed for the purpose of recording, processing and reporting on business events. An AIS usually comprises a combination of financial and management information systems.

a. What is a financial accounting system?

b. What is a management accounting system?

c. List three objectives that information systems must satisfy.

5. Good Sound, a stereo shop, is growing fast, and you need a better accounting system. Discuss the features of an effective system. Four suggestions required.

Reference no: EM132783376

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