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why is it important to understand both process and technology in associated with accounting information system?
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What else can I help you with?
Describe how accounting is the language of business?
Accounting helps people understand businesses based on the numbers associated with a business. Since the meanings of numbers are static, accounting is considered the language of business.
Why debtors need accounting information?
Debtors need accounting information to assess the financial health and creditworthiness of a business before extending credit or making lending decisions. This information helps them understand the company's ability to meet its obligations, manage cash flow, and sustain operations. Additionally, detailed accounting records provide insights into revenue trends, expenses, and profitability, which are crucial for evaluating the risk associated with lending. Accurate accounting information ultimately fosters trust and transparency in debtor-creditor relationships.
What is positive accounting theories?
Positive Accounting Theory is a branch of academic accounting research. It tries to predict and explain actual accounting practices. It is used to understand how to use accounting practices better.
Which management information system KFC use?
The KFC uses the management information system. The KFC uses the management information system in accounting because they understand that it is very important in production.
To be competent enduser you must understand the essentials of information technology including?
finding and opening files.
Do you understand what is information technology mean?
Yes, information technology (IT) refers to the use of computers, software, networks, and other technology to manage and process data and information within an organization. It encompasses a wide range of technologies and practices that support the storage, retrieval, transmission, and protection of data.
What do you understand accounting principals discuss the nature and significance of accounting principles?
They are set of accepted accounting standards and general rules.
What is information technology according to profesionals?
Information technology is the exchanging of information over a virtual platform. Any data that is inputted into a processing system is exerted as information which as you can see is a very broad category. Information technology is simply the term used for information and technology being used in unison, helping understand processed data more effectively, and as a method of sharing information over a wider framework than was thought possible. Hope this helps.
Is the adequate disclosure accounting concept is applied when financial statements contain all information necessary to understand a business's financial condition?
yes, yes it is
Is the study of financial accounting theory a waste of time?
Some may say that the study of financial accounting theory is a wate of time, however, when you logical think we need theory to help us to understand what is happening. If a company produce a financial report with all numbers etc, i doubt that we will all understand what is going on, that's why we have theories, this help to guide us as to what is actually happening. It helps all that is interested in the information to understand it more clearly though not every still understand the language of accounting.
What do you understand by cost accounting?
Cost accounting involves collecting, analyzing and summarizing various courses of action. Then, accounting advises the management on what to do.
What the different between accounting and finance?
Accounting is a phylosophical science that helps to a language by which you can understand any information passed by a business. Finance is an important tool of a busuness that helps to solve any kind of finantial problem faced by the business.
