Accounting systems

1. What features of an accounting information system should be part of the requirement specifications? and cash sub-system. three examples. Provide two examples of data that would not go into an 2. Describe the typical inputs for a purchasing sub-system, payroll sub-system 6 marks 3. What information should go into an accounting information system? Provide accounting information system. protection? recording processes? available as part of the system evaluation? areas. What are they and what do they mean? writing guidelines. the previous financial quarter into the system during the training phase? 7 marks 4. What security requirements could be implemented for authentication 5. What statutory requirements impact the accounting information system 6. What are three of the important factors that need to be completed and 7. Testing an accounting information system can be broken down into three 8. Why develop instruction system documentation? Explain some procedure 9. What can be provided by entering all the data which occurred as a result of 4 marks 3 marks 6 marks 6 marks 12 marks 6 marks 10. What aspects are important to consider when planning training? 5 marks 11. What are three of the most common errors that still occur in the initial data collection and recording phase? 6 marks 12. Specific procedures need to be in place to deal with the way in which the accounting information system records and handles information. What are the areas of importance? 6 marks 13. The information provided by the accounting information system should be...? 6 marks 14. How is the chart of accounts normally communicated to all users? 3 marks 15. What does systematic and comprehensive mean in regard to backups? 16. Why is periodic examination of the system essential? What are the chief 17. What is a statement of financial performance and a statement of financial 4 marks goals of such a review? 5 mar position? 8 marks