Accounting is an information-providing activity, so accountants need to understand
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Accounting is an information-providing activity, so accountants need to understand

Answer the following questions:

1. “Accounting is an information-providing activity, so accountants need to understand how the system that provides that information is designed, implemented and used”. What are the components of Information Technology IT in accounting system? Give examples?

2. What is the meaning of system, data, and information?

3. What is the role of the accounting system in the value chain?

Hint
Accounts and FinanceAIS or the accounting information system is the repository of all of the accounting records for the company. Today, this is generally the software which is used by a company for accounting where in many companies, it is referred to as the ERP software aka Enterprise Resource Planning software. In which, the ERP will include accounting, along with purchasing, Bills of Materials ...

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