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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

Compare and contrast tangible and intangible benefits.

Summary Introduction

To compare: Tangible and intangible benefits.

Introduction:

Acquiring and implementing accounting information systems:

It describes the acquisition of a system and its phases of development and the steps involved in it. It explains the difference between purchased and in-built systems. It explains the importance of the presence of an accountant in these systems.

Explanation

Tangible benefits:

A tangible benefit can be reasonably quantified. Some of the common examples are:

  • Reduction in the need for additional equipment due to a process change.
  • Reduction in labor costs and other expenses.
  • Increased revenue...

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