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These events (transactions) are classified and summarized for internal decision making and for external financial reporting
2.Cost accounting systems: They are used in manufacturing and service environments. These allow organizations to track the costs associated with the production of goods and/or performance of services. In addition, the AIS can provide advanced analyses for improved resource allocation and performance tracking.
3.Management accounting systems: They are used to allow organizational planning, monitoring, and control for a variety of activities. This allows managerial level employees to have access to advanced reporting and statistical analysis...
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Common topics in this essay:
- Accounting Information Systems
- Accounting Reporting Criteria
- An Interface Between Financial Accounting And Cost & Management Accounting And Some Concepts Of Strategic Cost Management
- Bank Accounting Information System And Electronic Banking
- discuss the role of the financial accounting and managerial accounting functions in organizations
- HACKING: IMPLICATIONS FOR COMPUTERIZED ACCOUNTING INFORMATION SYSTEM
- How would International Financial Reporting Standards affect the quality of Canadian accounting information?
- internal controls of an accounting information system
- Managerial Accounting Vs Financial Accounting
- Managerial accounting vs Financial accounting
- The Differences Between Financial Accounting And Management Accounting
- Users of Accounting information
- What is meant by saying that accounting information should be ?decision useful'?
- Accounting Reporting Criteria
- Accounting Information System
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