You are employed by a business consulting firm as an information systems specialist. You havejust begun an assignment with a startup company and are discussing with the owner her need for anaccounting system. How would you respond to the following questions from the owner?a. What is the meaning of the term accounting system?b. What is the purpose of an accounting system and what are its basic functions?c. Who is responsible for designing and implementing an accounting system?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 1Q: Why does a student need to understand how to use a manual, paper-based accounting information system...
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You are employed by a business consulting firm as an information systems specialist. You have
just begun an assignment with a startup company and are discussing with the owner her need for an
accounting system. How would you respond to the following questions from the owner?
a. What is the meaning of the term accounting system?
b. What is the purpose of an accounting system and what are its basic functions?
c. Who is responsible for designing and implementing an accounting system?

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