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Accounting information systems

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In respects to accounting information systems:

1. What are the advantages of having the same person performing multiple activities in a particular process?

2. What are the disadvantages?

3. Where would you draw the line between cost benefit analysis and accuracy of records?

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Accounting information systems are discussed in this solution.

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The main advantage of a single person performing multiple activities in a particular process is that it avoids mistakes and confusions occurring due to misinterpretation of information arising from different activities because one person is handling the whole process and he knows the origin and rationale of information and figures arising from different process. Further, it leads to better coordination in the whole process with a complex set of activities. If there is a ...

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Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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