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8.ROLE OF ACCOUNTING (Level systems (Decision Support System (DSS),…
8.ROLE OF ACCOUNTING
Level systems
Decision Support System (DSS)
Knowledge Work Systems (KWS)
Management Information Systems (MIS)
Executive Support Systems (ESS)
Office Automation Systems (OAS)
Transaction Processing Systems (TPS)
Improving controls
Cheques over a certain amount of money need two signatories
Authorization limits for purchase orders
Authorization for petty cash and expenses claims
Effective credit control procedures
Computer security procedures and access levels
new customer has a good credit rating and is fairly certain to pay for the goods
Regulatory
Company law
Accounting standards
GAAP
IASB
Information system
Modules
Integrated Software
Coding
Databases
Audit opinion
Qualified
Unqualified
Qualities of Good Information
ACCURATE