Accounting information system (AIS) is an integral part of the total management information system (MIS) of an organization. The AIS is usually manned by accounting and finance professionals who possess knowledge and competency in business MIS as a whole, and AIS in particular. As business continues to evolve, so does the roles of the accounting and finance professionals also continue to evolve. a. Discuss three (3) roles that are accounting and finance professionals are required or expected to play in the everchanging information systems of a business. b. The AIS within an MIS may be run either manually or in an automated manner. A computerized AIS is an automated system for recording, summarizing and analysing large volumes of financial data into useful information and reports. Identify and briefly explain four (4) modules of a computerized AIS. c. Explain three (5) salient features that have allowed the computerized AIS Tally ERP.9 to make inroads to the Ghanaian SME market.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Accounting information system (AIS) is an integral part of the total management information system (MIS) of
an organization. The AIS is usually manned by accounting and finance professionals who possess knowledge
and competency in business MIS as a whole, and AIS in particular. As business continues to evolve, so does
the roles of the accounting and finance professionals also continue to evolve.
a. Discuss three (3) roles that are accounting and finance professionals are required or expected to play in
the everchanging information systems of a business.
b. The AIS within an MIS may be run either manually or in an automated manner. A computerized AIS is
an automated system for recording, summarizing and analysing large volumes of financial data into
useful information and reports. Identify and briefly explain four (4) modules of a computerized AIS.
c. Explain three (5) salient features that have allowed the computerized AIS Tally ERP.9 to make inroads
to the Ghanaian SME market.
Transcribed Image Text:Accounting information system (AIS) is an integral part of the total management information system (MIS) of an organization. The AIS is usually manned by accounting and finance professionals who possess knowledge and competency in business MIS as a whole, and AIS in particular. As business continues to evolve, so does the roles of the accounting and finance professionals also continue to evolve. a. Discuss three (3) roles that are accounting and finance professionals are required or expected to play in the everchanging information systems of a business. b. The AIS within an MIS may be run either manually or in an automated manner. A computerized AIS is an automated system for recording, summarizing and analysing large volumes of financial data into useful information and reports. Identify and briefly explain four (4) modules of a computerized AIS. c. Explain three (5) salient features that have allowed the computerized AIS Tally ERP.9 to make inroads to the Ghanaian SME market.
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Stakeholders
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education