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The administrator and supervisor are distinct or different roles in an Accounting Information System.
‘Audit trail’ refers to a record of identities of employees who accessed an Accounting Information System, the periods of their access and the steps undertaken during their access.
This software package is an example of Enterprise-Level Accounting Software:
‘Audit trail’ and ‘Financial audit’ refer to essentially the same process or related aspects of the same process.
The common period requirement for reconciling accounts in an Accounting system is:
The list of accounts on an account chart are classified according to:
It is essential that the identified information and reporting requirements for a proposed Accounting Information System be ranked according to importance.
Despite the highly advanced state of technology in the modern day, there are organizations that still use manual accounting records.
The end goal of the finance function in an organization is to prepare an accurate set of financial statements.
A purchase analysis report is an AIS report that can be of great use in the production cycle.