Assume that a manager can obtain information from the organization’s database in three ways: by direct inquiry using a computer, by a daily printout, and by a monthly report. Using the qualities of information discussed in this chapter (understandability, relevance, timeliness, predictive value/ feedback value, neutrality/ freedom from bias, comparability, consistency, validity, accuracy, and completeness), compare and contrast these three sources of information.
Answer to relevant QuestionsContact a CPA or CA firm to find out about their current expectations regarding your technical knowledge as an entry- level accountant. Write a brief memo (your professor will tell you how long) summarizing what you learned.Describe how an enterprise system can assist an organization in optimizing its value system.Enterprise systems may provide better information than nonintegrated systems for management decisions. Provide specific examples that support (or refute) this claim.Consider a business that you patronize. Could it operate without automated information systems? Why or why not?Some potential e-business customers have security concerns regarding online purchases. How do Internet security certifications attempt to address these concerns?
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