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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

Describe organizational governance.

Summary Introduction

To explain: Organizational governance.

Introduction:

Accounting information systems:

It is an information structure which collects and manages data of an organization which can be utilized by analysts, managers, and other decision making authorities of an organization.

Explanation

Organizational governance:

It is a process by which the organization selects the methods, processes, objectives and monitors their performance. The setting of objectives, guidelines, and the ways to achieve these objectives. It also includes the internal control methods that are implemented and monitored.

It balances the interests of the stakeholders of the company such as the shareholders, community, government, and other parties. It encompasses almost every area of a management starting from plans and internal controls to the measurement of performance and the corporate disclosure.

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