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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

Why is it important to have standards, such as X12 and EDIFACT, when conducting EDI transactions and other forms of E-business? Is there a downside to using standards?

Summary Introduction

To determine: The importance and downside of using the standards.

Introduction:

Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

Explanation

Determine the importance and downside of using the standards:

There will be a difference between the Electronic Data Interchange (EDI) and electronic mail orders without the standards. The environment is error-prone if it has either intelligent software or human interpreting orders...

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