Given below question on accounting information system subject. You are required to give answers based on your own understanding with revelent examples.   1. What are the four levels of activity in the pyramid representing the business organization ? distinguish between horizontal and vertical flows of information.   2. What is the relationship among data, information and an information system?   3. Distinguish between Accounting Information System (AIS) and Management Accounting System (MIS)   4. What are the characteristics of good or useful information?   5. What are the levels of data hierarchy ?   6. Distinguish the roles of internal and external auditors    7. Distinguish between the centralized and distributed approaches to organizing the IT function

Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter15: Using Management And Accounting Information
Section: Chapter Questions
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Given below question on accounting information system subject. You are required to give answers based on your own understanding with revelent examples.

 

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

 

2. What is the relationship among data, information and an information system?

 

3. Distinguish between Accounting Information System (AIS) and Management Accounting System (MIS)

 

4. What are the characteristics of good or useful information?

 

5. What are the levels of data hierarchy ?

 

6. Distinguish the roles of internal and external auditors 

 

7. Distinguish between the centralized and distributed approaches to organizing the IT function.

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