Accounting Information Systems
Solutions
Accounting Information Systems
Describe the similarities and differences between limit checks and reasonable checks. Give examples where each may be appropriate.
To determine: The similarities and differences between limit checks and reasonable checks.
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.
Determine the similarities and differences between limit check and reasonable checks:
Programmed edit checks will be performed to determine the actual or potential input error. It will highlight such errors and helps to correct them efficiently. Programmed edit checks include mathematical accuracy checks, limit checks, reasonableness checks, and record hash totals.
The limit check will check only the content that is available within the pre-determined limits...
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