a) Management accounting system
This refers to an information system that enables the planning, organizing, and monitoring and
control of decisions of the accounting function of an organization to be executed.
Types of decisions that can be supported by a management accounting information system and
the type of accounting information required to support each decision .
1. Controlling organizational expenditure
Budgeted amounts for an elapsed period and the actual amounts spent during the elapsed
period are required to support this type of decision.
2. Investing excess funds
Information on returns on various investment options, which is produced by simulation of
many business scenarios, is required to support this type of decision.
3. Borrowing funds in order to meet an organization's cash needs in periods
of insufficient cash flow.
Credit status forecasts produced from simulating the current and future business conditions
can support this decision.
4. Acquiring new assets (e.g. IT resources, buildings, etc)
Net present values, internal rate of returns and payback periods are required to support this
decision.
5. Disposal of plant assets during a fiscal year
The Net Present Values of the assets at the end of the fiscal year in question could be used to
support this type of decision.
gregorymasila answered the question on November 23, 2017 at 12:23
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In most organisations. the accounting function ranks among the first activities to be computerized. There are various reasons ashy some activities have to be computerised...
(Solved)
In most organisations. the accounting function ranks among the first activities to be
computerised. There are various reasons ashy some activities have to be computerised
before others. These reasons range from staff shortage to initial cost outlay and
maintenance costs.
Required:
(i) Name and explain any four unique properties of the accounting functions that
make it necessary for computerization.
(ii) List four accounting functions that can be automated or computerized.
Date posted:
November 22, 2017
.
Answers (1)
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November 22, 2017
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November 22, 2017
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November 22, 2017
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The electronic business (c-business) field is an emerging concept that seems to be revolutionizing the business world yet many companies have failed to exploit the opportunities of e-business with their customers and suppliers.
Required:
(i) Name and explain four opportunities e-business may offer to both companies and their customers
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Date posted:
November 22, 2017
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(Solved)
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Required:
State key reports resulting from this exercise outlining their structural content.
Date posted:
November 22, 2017
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(Solved)
Computer aided software engineering (CASE) is a tool for programmers, systems
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Required:
Under what circumstances would the use of CASE tools be considered a viable option by
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Date posted:
November 22, 2017
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Information technology and business environments are rapidly changing such that systems must also keep on evolving in order to keep pace with changes in the...
(Solved)
Information technology and business environments are rapidly changing such that
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In an attempt to upgrade an organisation's system, state the individual members of staff
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Date posted:
November 22, 2017
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Outline the main reasons why information technology is viewed as a strategic resource in business organisations
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Outline the main reasons why information technology is viewed as a strategic resource in business organisations.
Date posted:
November 22, 2017
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Date posted:
November 22, 2017
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List and discuss two issues that arc likely to cause system failure in each of the following stages of a system development life cycle
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List and discuss two issues that arc likely to cause system failure in each of the
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(iii) Design.
(iv) Requirement analysis.
Date posted:
November 22, 2017
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Answers (1)
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A clear statement of information needs is fundamental for good system design. Explain the factors that may contribute or influence management information needs.
(Solved)
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Date posted:
November 22, 2017
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You are a manager in one of the leading accounting firms in the country. You have been registered as a network user on the company's...
(Solved)
You are a manager in one of the leading accounting firms in the country. You have
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security of the LAN.
Required:
(i) Explain four administrative controls that should be implemented to guarantee
the network security. (6 marks)
(ii) Describe two methods or techniques used to secure the electronic mail
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(iii) Explain three policy issues that should be put in place to reduce virus-rom
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Date posted:
November 22, 2017
.
Answers (1)
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On coming back from a fact finding mission about a company in need of automating its sales department, your supervisor hands over a report to...
(Solved)
On coming back from a fact finding mission about a company in need of automating its sales department, your supervisor hands over a report to you for analysis. Since you are on internship in the Firm, you are only required to comment your ideas for consideration before they can be approved for implementation.
Required:
(i) Explain what is meant by systems analysis.
(ii) Outline four main objectives of systems analysis.
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Date posted:
November 22, 2017
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Date posted:
November 21, 2017
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Outline factors to be considered while selecting data transmission system.
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November 21, 2017
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November 21, 2017
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Date posted:
November 21, 2017
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State the types of low speed printers.
Date posted:
November 21, 2017
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State and explain characteristics a good code in computer system.
Date posted:
November 21, 2017
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