The Information System is fundamental to any computerized accounting system. Knowing the make-up of each element across the various sections will aid the accountant/auditor in attaining a full understanding of the processes and controls of the organization and will assist in maintaining the SOX /GAAP requirements.

You are required to:

a. Define the following terms in your own words:

i. Information systems (3 marks)

ii. Accounting Information Systems (AIS) (3 marks)

iii. Management Information Systems (MIS) (3 marks)

iv. Management Reporting System (2 marks)

b. Discuss the roles of an Accountant as a:

i. User (3 marks)

ii. System Designer (3 marks)

iii. System Auditor (3 marks)