Chapter 1, Problem 1.2IE

What is a computerized accounting system? Write its advantages and disadvantages?

What is the purpose of a responsibility accounting system?

What are the disadvantages and advantages of Analysis at the account level technique?

Identify risks for accounting systems that rely heavily on IT functions.

How an accounting information system can improve the efficiency and effectiveness of the supply chain?

How are the value chain and management accounting related? Distinguish between a cost center, a profit center, and an investment center using appropriate examples.

What is meant by management accounting?

c. Discuss in detail Five benefits and drawbacks of throughput accounting.

Describe a strategic-based responsibility accounting system. How does it differ fromactivity-based responsibility accounting?