1. Discuss what is meant by the statement, ''Theaccounting system is a conceptual flow of informationthat represents the physical flows of personnel,raw materials, machinery, and cash throughthe organization.''

2.Discuss the importance of accounting independencein accounting information systems. Give anexample of where this concept is important.

3.Contrast centralized data processing with distributeddata processing.What do youthink the trend is today? Support your answer.