Which of the following systems provides the internal financial information needed to manage a business? a. MRS b. IRS c. GL/FRS d. TPS
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Which of the following systems provides the internal financial information needed to manage a business? a. MRS b. IRS c. GL/FRS d. TPS
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- Which area of accounting needs a computerized accounting information system the most—payroll, tax, or preparing financial statements?Discuss what information would be most useful for these users of accounting information: Management Employees Investors Creditors Customers Tax authorities1. The inputs in the information system is called as a. reportsb. documentsc. transactionsd. accounts 2. Which of the following are considered as external users of information? (Check all that apply) a. Creditorsb. Stockholdersc. Operations personneld. Supplierse. Accountantsf. Customersg. Tax Authorities
- Which of the following is NOT a purpose of the Transaction Processing System?a. managing and reporting on the status of financial investmentsb. converting economic events into financial transactionsc. distributing essential information to operations personnel to support their daily operationsd. recording financial transactions in the accounting recordsExplain the usefulness of Financial statement information to the following stakeholders: i. Financial Analyst ii. Employee iii. Debtors iv .Government Agency y s gencyWhich of the following financial intermediaries is responsible for maintaining records a) Custodian. b) Trustee. c) Clearing Corporation. d) Transfer Agent.
- Which of the following activities is associated with the management accounting information system?A. Reporting to the shareholdersB. Preparing a statement of cash flowsC. Reporting on the cost of qualityD. Preparing reports for the tax authoritiesWho enforces requirements regarding financial products and services? A. CCA B. ACCC C. ASIC D. ACLWhich of the following is an internal user of company's financial information? a. company treasurer b. stockholder in the company c. bank lending to the company d. union
- Which of the following is an internal user of a company’s financial information?a. board of directors c. stockholders of the companyb. regulatory agencies d. long-term creditors of an enterprisesHow do an organization's business activities and lines of business impact the design of an Accounting Information System?How do an organization's activities and lines of business impact the design of an Accounting Information System (AIS)?