Match the benefit of an effective
Identify the suitable definition for the term “control” in accounting information system.
Answer to Problem 1TI
c. Provides safeguards for a business’s assets and reduces the likelihood of fraud and errors.
Explanation of Solution
Accounting information system (AIS): Accounting information system is an integrated system that gathers and store the records and further processes the accounting data to provide meaningful information which would aid the decision makers for making informed decisions.
Control: AIS is a safety measure for the assets of the business and minimizes the occurrences of fraud and errors.
Want to see more full solutions like this?
Chapter B Solutions
Horngren's Financial & Managerial Accounting, The Managerial Chapters (6th Edition)
Additional Business Textbook Solutions
Accounting Information Systems (14th Edition)
Marketing: An Introduction (13th Edition)
Intermediate Accounting (2nd Edition)
Macroeconomics
Horngren's Accounting (12th Edition)
Principles of Economics (MindTap Course List)
- I need help with question is correct answer accountingarrow_forwardhello tutor given answer of this General accounting questionarrow_forwardBonkers Co. issues 10,000 shares of $5 par value common stock for $150,000. The effect of this transaction is a: A. $150,000 increase in Common Stock account. B. $100,000 increase in Gain on Sale of Common Stock. C. $50,000 increase in Contributed Capital in Excess of Par. D. $50,000 increase in Common Stock account.arrow_forward
- Intermediate Accounting: Reporting And AnalysisAccountingISBN:9781337788281Author:James M. Wahlen, Jefferson P. Jones, Donald PagachPublisher:Cengage LearningPrinciples of Accounting Volume 2AccountingISBN:9781947172609Author:OpenStaxPublisher:OpenStax CollegeCollege Accounting (Book Only): A Career ApproachAccountingISBN:9781337280570Author:Scott, Cathy J.Publisher:South-Western College Pub
- Auditing: A Risk Based-Approach (MindTap Course L...AccountingISBN:9781337619455Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:Cengage LearningPrinciples of Accounting Volume 1AccountingISBN:9781947172685Author:OpenStaxPublisher:OpenStax College