Please no written by hand solutions Relationship between acccounting information systems (AIT) and Accounting in Business.
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Please no written by hand solutions
Relationship between acccounting information systems (AIT) and Accounting in Business.
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- Which of the following statements is incorrect? The practice of management accounting is fairly flexible. The information gathered from management accounting is not required by law. Management accounting focuses mainly on the internal user. Reports produced using management accounting must follow GAAP.Big data is mined ________. A. to find business trends B. to record transactions C. as an alternative to creating an accounting information system D. as an alternative to the darknetV5. Match the following ____ Complexity in business operations a. Management compensation ____ Timely information b . Accounting procedure that a company ____ Information for control and uses monitoring c. Current and predictive information ____ Differential information d. Need for more specific reports ____ Accounting Policies e. Substantive information that is not in the financial reports f. Financial information must be quantitative g. Financial information not useful in reports
- Identify the following users of accounting information as either an (a) external or (b) internal user. Nonexecutive employeeWhich of the following is not a component of an accounting system? the input source documents the output reports the framework for operation of the system All of these answer choices are components of an accounting system.Management is characterized as an internal or external user of accounting information?
- Management accounting information can be disclosed to outsiders O a . False O b . Truewhich statement about users of accounting information is incorrect? Question 4 options: Management is an internal user CRA is an external user Creditors are external user Investors are internal usersWhat are the limitations of a manual accounting information system in business? How simple is the process to switch from a manual accounting information system to an electronic accounting information system?
- Which of the following statements is incorrect? Select one: a. Reports produced using management accounting must follow GAAP. b. The information gathered from management accounting is not required by law. c. The practice of management accounting is fairly flexible. d. Management accounting focuses mainly on the internal user.Briefly explain the importance of independence of the accounting function in Accounting Information System. Explainthe areas for which this concept is important.Which of the following statements is incorrect?A. The practice of management accounting is fairly flexible.B. The information gathered from management accounting is not required by law.C. Management accounting focuses mainly on the internal user.D. Reports produced using management accounting must follow GAAP.