Students will occasionally comment that they are studying to become accountants yet never mention Accounting Information...

Students will occasionally comment that they are studying to become accountants yet never mention Accounting Information Systems. Discuss the flaws in such reasoning.

Solutions

Expert Solution

Answer)

Basically students don't mention about Accounting Information System as many of them think that is computer based system. However, accounting information system is noting but structure that business use to collect, store, manage, process , modify, report its financial data for analysis and decision making propose. However students are unfortunately not aware of it.The student need to expertise it to get aware of entity financial information what are the adopted by the entity, how the data is organised and analyzed, what are the internal controls exists and what are firthur needed to be adopted and so on.The institutes in current computerised environment fails to explain the students the need of learning about Accounting Information System.Having a sufficient knowledge in accounting won't be sufficient and along with such that knowledge in accounting they also need to learn about Accounting Information Systems for being a accounting expert in future.

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

What is the importance of the Accounting Information Systems (AIS)? Mention about the presence of a...

What is the importance of the Accounting Information Systems (AIS)? Mention about the presence of a chief information officer (CIO) or an information systems department, and other systems related issues. Explain what would be the best entity’s attitude toward systems security and describe its strategies for dealing with systems security issues (e.g. intrusion detection systems, firewalls, etc.). Discuss the what would be a vulnerability of the entity’s AIS to violation by employees and attacks by hackers, and give examples.

In my Accounting class we are being asked to respond to/comment on different things that students...

In my Accounting class we are being asked to respond to/comment on different things that students post. My professor is requiring a "substantive" response with references to back up what is being said. I need some help with a responses to these posts. Any help you can give me will be GREATLY appreciated! I am WAY out of my knowledge base in this class. The difference between current and long-term assets and liabilities is that current will be paid sooner...

a. Discuss the impact of Accounting information systems on the performance of managerial accountants b. commonly...

a. Discuss the impact of Accounting information systems on the performance of managerial accountants b. commonly known AIS systems c. impact on role and performance of managerial accountants. d. necessary training to implement and maintain accounting information systems. e. pros and cons of accounting information systems.

Group Ten Explain the role of qualitative characteristics of accounting information in financial reporting and comment...

Group Ten Explain the role of qualitative characteristics of accounting information in financial reporting and comment on the relationship between the feedback value and the predictive value as part of the qualities of accounting information

Briefly distinguish between financial professionals’ versus accountants’ perspective, use and “approach” of accounting information.

1. Accounting information can be considered the heart of business. Decision making is never without accurate...

1. Accounting information can be considered the heart of business. Decision making is never without accurate and reliable information. The users of accounting information can be internal and external. They use accounting information with different goals. Explain how basic knowledge of accounting can benefits the managers, executives, or the entrepreneur.

Managerial and financial accountants use accounting information differently. Using an income statement, balance sheet, or statement...

Managerial and financial accountants use accounting information differently. Using an income statement, balance sheet, or statement of cash flows from a real company, discuss the different ways internal and external users will use the information to make investment or business decisions.

Do you think an a accounting information system such as Quickbook is important for students someone...

Do you think an a accounting information system such as Quickbook is important for students someone pursuing an accounting career? Why or why not?

Subjects