Answered: 1. What are the four levels of activity…

1. What are the four levels of activity in the pyramid representing the business organization? Distinguish between horizontal and vertical flows of information.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Question based on Accouting Information System (AIS)

1. What are the four levels of activity in the pyramid
representing the business organization? Distinguish
between horizontal and vertical flows of information.
3. What is the relationship among data, information,
and an information system?
3. Distinguish between AIS and MIS.

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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