Question: ABC LLP is considering to implement a new AIS (Accounting Information System). In this regards, CFO (Cheif Financial Officer) wants to analyze various factors involved

ABC LLP is considering to implement a new AIS (Accounting Information System). In this regards, CFO (Cheif Financial Officer) wants to analyze various factors involved before taking a final decision.

Required:

As an accountant, you are required to narrate various costs involved and benefits to be derived by investing in a newer AIS. (4 marks

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