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Step-by-step answer to Information Systems

Financial information systems can serve many functions in a business.

How might you use them in your business? Which do you think you would need in the beginning?financial accounting information or managerial accounting information? How might financial information change the way you run your business?

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The Financial Information System provides an efficient way of managing the financial resources of the company. The advantage of a comprehensive financial information system in a business is that it allows a complete, accurate, and timely display of the distribution and use of resources, with direct business implications.

Managerial ...

Solution Summary

The Financial Information System provides an efficient way of managing the financial resources of the company. The advantage of a comprehensive financial information system in a business is that it allows a complete, accurate, and timely display of the distribution and use of resources, with direct business implications.

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