Question based on Accounting Information System subject . Required to answer based on your own understanding. 1. What are the four levels of activity in the pyramid representing the business organization ? distinguish between horizontal and vertical ows of information. 2. What is the relationship among data, information and an information system? 3. Distinguish between Accounting Information System (AIS) and Management Accounting System (MIS) 4. What are the characteristics of good or useful information? 5. What are the levels of data hierarchy ? 6. Distinguish  the  roles  of  internal  and  external  auditors  7. Distinguish between the centralized and distributed approaches to organizing the IT function.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Question based on Accounting Information System subject . Required to answer based on your own understanding.

1. What are the four levels of activity in the pyramid representing the business organization ? distinguish between horizontal and vertical ows of information.

2. What is the relationship among data, information and an information system?

3. Distinguish between Accounting Information System (AIS) and Management Accounting System (MIS)

4. What are the characteristics of good or useful information?

5. What are the levels of data hierarchy ?

6. Distinguish  the  roles  of  internal  and  external  auditors 

7. Distinguish between the centralized and distributed approaches to organizing the IT function.

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