Describe how accounting information systems have assisted businesses in developing their cost accounting systems.

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Expert Solution

Solution:

When all is said in done, bookkeeping can be isolated into two classifications:

Money related and administrative bookkeeping.

This characterization is vital for controlling.

Controlling adventures administrative bookkeeping which concerns giving data that administrators inside the association utilize.

A generation supervisor needs an investigate the quantity of units of item different specialists produce to assess their execution.

Bookkeeping data has helped organizations to recognize different sorts of cost like sunk cost, variable cost, settled expense and so on.

Administrators need to recognize these expenses with the goal that they can figure edges which serves to routinely report add up to net edge on outside money related articulations.

Controllability is vital when directors utilize bookkeeping information for execution assessment.

In this way, bookkeeping data has helped organizations in building up their cost bookkeeping frameworks.

ekkarill92 answered 1 year ago

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