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
Financial Accounting: Tools for Business Decision Making, 8th Edition
Horngren's Financial & Managerial Accounting, The Financial Chapters (Book & Access Card)
Managerial Accounting: Creating Value in a Dynamic Business Environment
FINANCIAL ACCT.FUND.(LOOSELEAF)
Intermediate Accounting
Accounting For Governmental & Nonprofit Entities
- What are the relative merits of input from source documents and direct input?arrow_forwardOutline the technical benefits of a conceptual framework. What problems could occur if accounting standards were set without a conceptual framework?arrow_forwardc. Discuss in detail Five benefits and drawbacks of throughput accounting.arrow_forward
- The objectives of the data collection activity of the general model for Accounting Information Systems are to collect data that are a. relevant and redundant. b. efficient and objective. c. efficient and redundant. d. efficient and relevant.arrow_forwardWhat is the benefit of a single set of high-quality accounting standards?arrow_forwardWhat kind of graph can help decision making in management accountin? It would be if there are some reason to explain.arrow_forward
- Intermediate Accounting: Reporting And AnalysisAccountingISBN:9781337788281Author:James M. Wahlen, Jefferson P. Jones, Donald PagachPublisher:Cengage LearningPrinciples of Accounting Volume 1AccountingISBN:9781947172685Author:OpenStaxPublisher:OpenStax CollegePrinciples of Accounting Volume 2AccountingISBN:9781947172609Author:OpenStaxPublisher:OpenStax College
- Auditing: A Risk Based-Approach (MindTap Course L...AccountingISBN:9781337619455Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:Cengage LearningCollege Accounting (Book Only): A Career ApproachAccountingISBN:9781337280570Author:Scott, Cathy J.Publisher:South-Western College Pub