Accounting information system (AIS) is an integral part of the total management information system (MIS) of an organization. The AIS is usually manned by accounting and finance professionals who possess knowledge and competency in business MIS as a whole, and AIS in particular. As business continues to evolve, so does the roles of the accounting and finance professionals also continue to evolve. a. Discuss three (3) roles that are accounting and finance professionals are required or expected to play in the everchanging information systems of a business. b. The AIS within an MIS may be run either manually or in an automated manner. A computerized AIS is an automated system for recording, summarizing and analysing large volumes of financial data into useful information and reports. Identify and briefly explain four (4) modules of a computerized AIS. c. Explain three (5) salient features that have allowed the computerized AIS Tally ERP.9 to make inroads to the Ghanaian SME market.

Accounting information system (AIS) is an integral part of the total management information system (MIS) of an organization. The AIS is usually manned by accounting and finance professionals who possess knowledge and competency in business MIS as a whole, and AIS in particular. As business continues to evolve, so does the roles of the accounting and finance professionals also continue to evolve. a. Discuss three (3) roles that are accounting and finance professionals are required or expected to play in the everchanging information systems of a business. b. The AIS within an MIS may be run either manually or in an automated manner. A computerized AIS is an automated system for recording, summarizing and analysing large volumes of financial data into useful information and reports. Identify and briefly explain four (4) modules of a computerized AIS. c. Explain three (5) salient features that have allowed the computerized AIS Tally ERP.9 to make inroads to the Ghanaian SME market.

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter1: Accounting As A Form Of Communication

Section: Chapter Questions

Problem 1.13E

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Similar questions

Use the internet to research one manufacturing, one retail (or merchandising), and one service business. For each business, describe the following: A. the primary purpose of the entity B. the types of activities that accountants would record (hint: what is the source of the business funding, and what costs might the business have?) C. the types of decisions that might be made in this organization and how financial and nonfinancial information might help the decision-making process
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What is the accounting equation? List two examples of business transactions, and explain how the accounting equation would be impacted by these transactions.
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External users of accounting information would include ________________. employees managers investors supervisors
Indicate whether each statement describes financial accounting or managerial accounting. The information is directed at external users who are making decisions pertaining to investing, extending credit, and other decisions. The principal users are the organizations managers. The key focus is on the entity as a whole. The rules and principles are very flexible. The information gathered is usually available after an independent audit has been completed.
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