According to Accounting Information Systems, outline the following

1. How are the integrated accounting systems for small businesses like those for larger businesses? How are they different?

2. The difference in price for middle-market accounting software versus for an ERP system can be millions of dollars. What can high-end systems do that the less expensive enterprise accounting packages cannot?

3. Briefly, discuss the interrelated components that should exist within an internal control system. In your opinion, which component is the most important and why?

4. Why are accountants so concerned about their organization having an efficient and effective internal control system?

5. What role does cost-benefit analysis play in an organization's internal control system?