Explain why accounting students should study Accounting Information Systems?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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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THEORY PROBLEM
1. 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 output
of 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 internal
control application for that purpose!
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