what is accounting information system (AIS)? List and discuss the three sub system of AIS  and identify which one you consider the most important of the three and state why?

Q: hat are the accounting information needed by: a. Internal users b. External users

A: Accounting Information:- This is that information that is required by both external and internal…

Q: What are the three inputs to the accounting policy-making function? Which do you think is the most…

A: Accounting :— Accounting is the process of recording financial transactions pertaining to a…

Q: For each of the following users of financial ače accounting information, specify whether the user…

A: Important thing to Note the parties which are outside to the organization will not have access to…

Q: Identify the following questions as most likely to be asked by an internal (I) or an external (E)…

A: Auditing:   In auditing, auditors verify the correctness and fair presentation of financial…

Q: Accounting information should have some qualitative characteristics in order to facilitate efficient…

A: Accounting information: Accounting is the process to record, analyze, summarize, and interpret…

Q: Which of the following is not a component of an accounting system?   the input source documents…

A: The Components of an accounting system is : The Input source documents The output reports.

Q: two methods of acquiring accounting information sysytem, and list there disdvantages and advantages

A: Accounting information systems is a system of collection, processing and storage of accounting and…

Q: s an information syste

A: Accounting Information Systems helps to perform the tasks in the job of Budget Analysis. An…

Q: What three roles are played by accountants with respect to the information system?

A: Accounting information System:   It is a system adopted by an organization to store and process the…

Q: Framework, qualitative characteristics of accounting information are essential to assist decision…

A: The accounting information are one of the most important informations as it help it's user that…

Q: List and discuss two similarities and two differences between AIS and other areas of accounting.

A:

Q: Accounting as a social science is viewed as information system.

A: Accounting is a social science because it employs a set of knowledge and methods to describe recent…

Q: Identify each of the following terms/phrases as either an accounting (a) principle, (b)…

A: Accounting assumption: These are the accounting practices or principles which are considered to be…

Q: Which one of the following characteristics of accounting information is related to Objectivity? a.…

A: Accounting information means that relevant accounting and financial information that is useful for…

Q: What are the benefits of a computerized accounting system as compared to a manual based accounting…

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: prudence concept a

A: Prudence concept is a fundamental accounting concept.

Q: which internal users need the accounting information

A: Accounting information data is the data that emerges from business exchanges. When distinguished,…

Q: What are the five fundamental principles of accounting information systems?

A: Accounting information systems collect data from different events and associated transactions across…

Q: are the two fundamental qualities that make accounting information useful for decision making. a.…

A: solution concept Relevance means the information that are relevant for the users of the financial…

Q: What are the fundamental concepts of Accounting Information Systems (AIS)? What are the main stages…

A: Introduction: Because you asked numerous questions, we will answer the first one for you. If you…

Q: Why is accounting a system of information? Extend your explanation with an example from your own…

A: Introduction : Accounting a system of information : Accounting Information Systems aids in the…

Q: Why is it necessary to develop a definitional framework for the basic elements of accounting ?…

A: Accounting serves as the foundation for the creation of financial statements. Accounting is carried…

Q: n your own words, what does relevance mean to you?  After tackling this topic, then research…

A: Relevance means the necessity of work at a specific point of time. Relevance means the work which we…

Q: Explain any three fundamental easons that accounting bodies shoulc ceep in mind when developing…

A: An accounting standard is a common set of principles, standards, and procedures that outline the…

Q: Accounting independence in accounting information system is important. Discuss using examples.

A: Accounting Information System:  A system which collects, stores and gathers information about…

Q: Identify TWO external consumers of accounting information and explain how that accounting…

A: Introduction: The term "financial statement" refers to any statement, such as an income statement, a…

Q: What are the 2 specific advantages of Accounting Information Systems (AIS) to ease accountants in…

A: Accounting information system is the system which collects, stores, records, summarise and report…

Q: ubject: accounting information system (a) Discuss REA modelling in accounting information systems.…

A: REA Modelling REA was originally projected in 1982 by William E. McCarthy as a generalized…

Q: Identify the following users of accounting information as either an (a) external or (b) internal…

A: External users of accounting information are those persons which are external to the organisation…

Q: Benji Borke has prepared the following list of statements about accounting information systems.…

A: Accounting: Accounting is the art of recording , classifying , summarizing and interpreting business…

Q: What is the basic principles of Accounting Information Systems (AIS)?

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Looking for help with accounting basics, the T structure

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Which of the following options best describes TVU's accounting information system (AIS)? Select one:

A: The answer for the multiple choice question and relevant explanation are presented hereunder :…

Q: 1) Identify and discuss the benefits that can be expected to be derived from the FASB’s conceptual…

A:

Q: Why accounting is an infromation system? Explain with your own point of view with example.

A: Accounting Information Systems helps to perform the tasks in the job of Budget Analysis. An…

Q: The users of accounting information can be classified into internal and external users. Clearly…

A: Accounting information is the information related to the concepts of accounting which are to be used…

Q: Some guidelines should be followed while creating an accounting information system. Each of the…

A: The following concepts should be followed in the creation of Accounting information systems: The…

Q: Describe one cause for the ongoing development of information systems and how it affects the duties…

A: Introduction: An information system combines methodologies, hardware, trained individuals, software,…

Q: What two primary qualitative characteristics make accounting information useful?   Predictive…

A: Relevance: In accounting, the term relevance means it will make a difference to a decision maker.…

Q: What are the areas of accounting that are impacted by information technology? Explain

A: Computerized accounting includes using the computers and accounting software for recording, storing…

Q: List three strategies of developing accounting information system. Explain any two (2) threats faced…

A: Planning, assessment, development, execution, and maintenance are the five main phases in creating…

Q: Cite one reason why there is a continued evolution of information system and how does this affect…

A: An information system is a set of techniques, hardware, trained people, software, applications,…