QUESTION 2 a) Using a company of your choice, explain the implications of setting up an accounting system in that particular company, further explain the considerations to be made for the purchase of the system and the benefits or otherwise of applying such a system in that company. Explain any five disadvantages of cost accounting in a business organization.

b) What challenges are likely to be faced by the cost accountant in the establishment of the systems in your chosen organizations and which types of policies can the organization put in place to ensure the system works? policy formulation.

c) Considering the size of the company you have chosen, advise management by providing 5 advise on the size of the system to be purchased.