Q1: Name five (5) pieces of accounting information that would be used by the School of Management when preparing a budget.

Q2: One of the purposes of an AIS is to provide relevant and accurate accounting information to those who need it when they need it. Explain what is meant by that in greater detail.

Q3: Explain the ramifications of incomplete or inaccurate accounting data entering the accounting information system.

Q4: Name five (5) types of non-accounting data that are housed in an accounting information system.

Q5: An accounting information system can be manual in nature. Define five (5) characteristics/traits of a manual accounting information system.