Match the benefit of an effective
Identify the suitable definition for the term “control” in accounting information system.
Answer to Problem 1TI
c. Provides safeguards for a business’s assets and reduces the likelihood of fraud and errors.
Explanation of Solution
Accounting information system (AIS): Accounting information system is an integrated system that gathers and store the records and further processes the accounting data to provide meaningful information which would aid the decision makers for making informed decisions.
Control: AIS is a safety measure for the assets of the business and minimizes the occurrences of fraud and errors.
Want to see more full solutions like this?
Chapter B Solutions
EP FINANCIAL+MANAGERIAL ACCT. >CUSTOM<
Additional Business Textbook Solutions
Financial Accounting: Tools for Business Decision Making, 8th Edition
Horngren's Financial & Managerial Accounting, The Financial Chapters (Book & Access Card)
Managerial Accounting: Creating Value in a Dynamic Business Environment
FINANCIAL ACCT.FUND.(LOOSELEAF)
Intermediate Accounting
Accounting For Governmental & Nonprofit Entities
- Which area of accounting needs a computerized accounting information system the most—payroll, tax, or preparing financial statements?arrow_forwardWhat parts of the accounting cycle require analytical processes, rather than methodical processes? Explain.arrow_forwardDefine each of these users of accounting information as an internal user of external user Management Employees Investors Creditors Customers Tax authoritiesarrow_forward
- Principles of Accounting Volume 1AccountingISBN:9781947172685Author:OpenStaxPublisher:OpenStax CollegeIntermediate Accounting: Reporting And AnalysisAccountingISBN:9781337788281Author:James M. Wahlen, Jefferson P. Jones, Donald PagachPublisher:Cengage LearningCornerstones of Financial AccountingAccountingISBN:9781337690881Author:Jay Rich, Jeff JonesPublisher:Cengage Learning
- Principles of Accounting Volume 2AccountingISBN:9781947172609Author:OpenStaxPublisher:OpenStax College