You need to answer the following question:What is the business cycle in the accounting information system?The importance to understanding the business operation flow.The impact of the fraud in business.

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Accounting

What is the business cycle in the accounting information system?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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You need to answer the following question:

What is the business cycle in the accounting information system?
The importance to understanding the business operation flow.
The impact of the fraud in business.

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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