Which of the following statements is the best definition of an accounting information system? A. A framework that uses computers to produces financial statements B. A framework that coordinates resources (components) needed to convert information into data in order to achieve objectives C. The management information system that generates various reports for management decisions D. A framework that coordinates resources (components) needed to convert data into information for decision making

Q: Use the flowchart above to answer these questions: a. What accounting document is represented by…

A: A flowchart depicts the individual phases of a process in a logical sequence. It is a general tool…

Q: Describe the basic accounting information system.

A: Definition:   Accounting information system: An accounting information system is a system that is…

Q: describe accounting as an information system

A: Accounting as an Information System An Accounting as an information system is the system of storing,…

Q: Which of the following best defines the management accountants initial data analybics role in…

A: Obtaining and exploring relevant data for decision making.

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: Describe a company's accounting system. Why is this function significant and what does it do? What…

A: Every company involved in carrying out business transactions is required to keep a proper record of…

Q: s an information syste

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

Q: hich of the following is not a function of an Accounting information system? Select one: a. The…

A: solution concept accounting information system               accounting information system is a…

Q: What processes are used to be able to ensure that all related financial details are allocated for…

A: For being able to make sound business decisions it is very important to ensure that all the related…

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

A: 1. Cyber Security: As so much as attainable, provide Associate in Nursing example for every of your…

Q: Explain the two components of a computerized accounting information system.

A: Computerized Accounting Information System:   Computerized accounting information are software…

Q: The person MOST likely to use management accounting information is a:

A: Management Accounting Managerial accounting is a branch of accounting that is concerned with the…

Q: How do you define an accounting information system and what are its components? Give an example.

A: Introduction: The journal book will have a chronological record of all transactions in the…

Q: How do an organization's business activities and lines of business impact the process of designing…

A: Answer: Solution Concept Accounting information system               The term accounting information…

Q: How does accounting provide important data to a. Internal users b. External users

A: The process by which financial transactions of the business are recorded and communicated with the…

Q: Accuracy of information is important but the timeliness of information is focused in management…

A: Solution:- Definitions:- Timeliness is how quickly information is available to users of accounting…

Q: Some principles should be followed in the development of an accounting information system. Identify…

A: The principles that should be followed in the development of Accounting information systems are…

Q: Identify and discuss several professional organizations that play important roles in preparing…

A: The organizations listed below formulate and execute policies for the interest of investors in the…

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: This approach is useful for compliance reviews where operators should do what the contract, law,…

A: Answer: The correct answer is option (b) Value stream map Value stream Map gives the clear overview…

Q: Use the flowchart for Problem 3 to answer these questions a. What accounting document is…

A: Hey, since there are multiple sub-parts questions posted, we will answer the first three questions.…

Q: Explain the statement: "Accuracy of information is important but the timeliness of information is…

A: Management accounting refers to identifying, measuring, analyzing, and interpreting accounting and…

Q: w transactions are recorded and reported are created.  Why do you need to learn about information…

A: Accounting Information System: Accounting information can be used for other calculations and…

Q: Accounting role of a business organization explained. Whence comes the function, and why is it…

A: Accounting functions involve tracking, storing, documenting, analyzing, summarizing, and reporting a…

Q: You've studied about how transactions are documented and reported in your accounting classes. Why…

A: System of Accounting Information: Accounting information may be utilized for more than just reading…

Q: Financial accounting is the primary source of information needed for decision- making, planning, and…

A: There are several fields or branches of accounting in practice. One of them is financial accounting.…

Q: Accounting is an information and measurement system that identifies, records and communicates an…

A: Accounting are often outlined because the method of recording, classifying, summarising the money…

Q: Discuss the significance of accounting systems in generating reliable accounting information…

A: Information systems are very important for the generation of quality accounting information on a…

Q: Use the flowchart to answer these questions:a. What accounting document is represented by symbol…

A:

Q: Give examples where accounting is used as aid in performing the management functions

A: The accounting records are maintained for providing information to the external and internal users…

Q: Classify the following activities as part of the identifying (I), recording (R), or communicating…

A: Identifying function: helps the organization to select from its business activities, the…

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: 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: The following are subsystems of the Accounting Information System, EXCEPTa. Transaction Processing…

A:

Q: For each of the following, indicate if the statement reflects an input component, output component,…

A: Accounting Information System:   It is a structural framework used by business to collect, store,…

Q: Why is accounting data so useful to users and stakeholders both inside and outside the business?

A: Stockholders own a portion of the company's capital stock. They are the business's actual owners.

Q: How do an organization's business activities and lines of business impact the design of an…

A: Accounting Information System(AIS) collects, records, stores, and processes accounting and other…

Q: Management accounting information is used by internal users for various types making. What are the…

A: Management accounting information refers to the collective form of all the desired reports and files…

Q: An organization needs to keep flow of information with various internal and external parties.…

A: Accounting is defined as the procedure for recording, interpreting as well as summarizing the…

Q: State valid points about features of computerized accounting system with the context of modern…

A: Computerized accounting system: Computerized accounting system is use of accounting software to…