Question: 1 4 . Explain what an AIS is , describe the basic tasks it performs in an organization, and give some examples of the types
Explain what an AIS is describe the basic tasks it performs in an organization, and give some examples of the types of accounting transactions it processes Discuss the steps in the supply chain How can an AIS become part of the firm's value chain and add value to the business? How can the value of the information produced by an accounting information system be determined? What would a measurement and verification expert think about quantification and verification of such information? How are "Give and Take" transactions classified in business today and what impact does this have on AIS? Name the major transaction cycles What is the purpose of source documents? What controls are embedded in source documents? Give two examples of source documents Why have accounting software packages been designed with separate transaction modules? Describe the purpose of subsidiary and control accounts What is an audit trail? A welldesigned data processing cycle should collect data connected with three facets of business activity. Name the three facets Source documents are usually generated in the process of conducting common business activities. Name a source document connected with the revenue cycle Source documents are usually generated in the process of conducting common business activities. Name a source document connected with the human resources cycle.
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