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Accounting Information Systems Benefits and Costs

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Choose a popular merchandise or service company. How might the company use accounting information systems? In what ways do these systems benefit the company? In what ways might the systems be challenging for the company?

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Solution Summary

This solution explores how an accounting information systems can be integrated to the company and provides four main benefits to the company as well as discusses the challenges. It also discusses which areas of the company can utilize the system. All references used are included.

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Let us take the example of Target, one of the largest retailers of US. It will have need for accounting and management information in order to make important decisions. The system will help:
? In maximizing efficiency and minimize waste.
? To facilitate management and control.
? In Effectiveness and efficiency of operations include the use of the entity's resources.
? Help in strategy implementation
Accounting ...

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