You own a small bookstore with two more employees working with you. The sales revenue of your store is around $ 8 million. The bookstore you own was inherited by you and have been in the business for over 30 years. In the three decades, your business has seen several ups and downs. Recently, when you were going through the accounting book of the store, there were some confusions. Although one of your employees was maintaining the details well, you decided to switch the accounting and information systems to avoid these confusions in the future.
1. List down the types of accounting information systems and discuss which of them are the best suited for your business.
2. Discuss in detail the five fundamental principles of accounting information systems that should be considered as an AIS and help in the smooth running of your business.
3.Write an accounting information systems article that talks in detail about the concepts and the changes they have brought in the business scene.
Case study – DELL Vocational Scenario or Context
Management accounting expertise enhances services sales initiatives at Dell by up to 10% Traditional pricing of information technology hardware and tracking profitability is a relatively straight forward task, considering that cost is a known quantity; but consulting and IT outsourcing deals, in particular, can be trickier to assess. At Dell, IT infrastructure & cloud computing services represent a significant revenue stream. Some 500...ReadMore
You have been working as an Apprentice/ Trainee Management Accountant at Imda Tech (UK) Limited, who is producing special chargers for mobile telephone and other carry-on gadgets for retail outlets in the UK. During the last senior management meeting, some department managers have complained about the lack of financial information to improve their decision making.Your Line Manager Mr. Imdal who is the Director of Finance in Imda Tech (UK) Limited has asked you to produce a written...ReadMore
Define Management Accounting and distinguish Management Accounting from Financial Accounting with a suitable case study. Also, include all the details of the hypothetical situation and express their significance in terms of accounting in Harvard referencing style
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