Real Word AIS & Internal Controls

Frage	Antworten
What are 'Manual AIS'?	A physical AIS through stored documents.
What is AIS with MS Excel and MS Access?	AIS using Microsoft Word and Excel.
What is a 'Automated AIS'? Give an example.	A software programme that undertakes most accounting processes for you. Example = XERO It is a Cloud Solution Suitable for smaller enterprises.
What are 'Enterprise-wide Systems' or 'Enterprise Resource Planning - ERP'?	These are software programmes that provide the same information as programmes like Xero, but they also work out customers consumption patterns etc. Useful for big enterprises.
What are 'Internal Controls'?	The mechanisms that prevent and detect FRAUD and MISTAKES in a business process.
What is included in internal controls? (5)	1. Separation of DUTIES 2. SAFEGUARDING assets 3. Proper AUTHORISATION 4. Independents REVIEWS 5. Install FRAUD detection software
What is the impact of AIS at firm-level?	It is used by everyone whether strategic, tactical or operational.

Zusammenfassung der Ressource

	Erstellt von Sophia Lynch vor mehr als 4 Jahre