What is a management accounting system

Assignment Help Accounting Basics

Reference no: EM132783376

Question -

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

Questions Cloud

Discuss the fundamental risk and control issues : Discuss the fundamental risk and control issues associated with fixed assets that are different from raw materials and finished goods

What judicial approaches might be used to decide the case : The financial institution brought a lawsuit against KPMG for negligence. What judicial approaches might be used to decide the case?

How useful are crowd sources answers : Describe Digital Literacy (how to know what is real on the web). None of these people exist. What does this mean to you? How useful are crowd sources answers?

Complete a workforce development plan : Complete a Workforce Development Plan - Determine how the organisation is approaching its future human resource needs and any shortfalls that may appear

What is a management accounting system : An AIS is an information system designed for the purpose of recording, processing and reporting on business events. What is a management accounting system

Analyze a threat using attack framework : Use the ATTACK framework to analyze a threat. Select a recent compromise that you have seen in the news, or one that has impacted an organization that you have.

Balloons aloha : From the case study, suggest short-term recommendations for the set of six jobs at the company. Support your recommendations.

Which of the management assertions is supported : Which of the management assertions is supported by this test? An auditor physically inspects the company's fixed assets and traced

Corporate governance : Analyze the three internal governance mechanisms (ownership concentration, boards of directors, and executive compensation)

User Account

All Pages