THEORY PROBLEMExplain why accounting students should study Accounting Information Systems?Explain the Value Chain and also explain how Information Technology plays an important role in the Value Chain.Briefly describe the types of users of the SIA and what are the benefits of the output of the AIS for their work or profession?One of the characteristics of useful information is that it must be timelines and complete. Which is more important, timely but incomplete information, or complete information, but too late? Give an example!Briefly describe the purpose of internal control and provide an example of an internal control application for that purpose! FileToolsViewDocument6 - Word (Product Activation Failed)Document5 *W Document6 *THEORY PROBLEM1. Explain why accounting students should study Accounting Information Systems?2. Explain the Value Chain and also explain how Information Technology plays an im-portant role in the Value Chain.3. Briefly describe the types of users of the SIA and what are the benefits of the outputof the AIS for their work or profession?4. One of the characteristics of useful information is that it must be timelines and com-plete. Which is more important, timely but incomplete information, or complete infor-mation, but too late? Give an example!5. Briefly describe the purpose of internal control and provide an example of an internalcontrol application for that purpose!End of documentScreen 1 of 1--100%

Answered: Explain why accounting students should…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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THEORY PROBLEM

Explain why accounting students should study Accounting Information Systems?
Explain the Value Chain and also explain how Information Technology plays an important role in the Value Chain.
Briefly describe the types of users of the SIA and what are the benefits of the output of the AIS for their work or profession?
One of the characteristics of useful information is that it must be timelines and complete. Which is more important, timely but incomplete information, or complete information, but too late? Give an example!
Briefly describe the purpose of internal control and provide an example of an internal control application for that purpose!

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Accounting information system

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Accounting information system is software designed to collect, store and process the accounting and financial data in an entity with the help of information technology tools.

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