ACC 340 Week 1 and 2 DQs - 28739

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Maddy

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How can an accounting information system  add value to an organization’s processes and/or products?  Explain in  detail.

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Week 1 DQ 1

How can an accounting information system  add value to an organization’s processes and/or products?  Explain in  detail.

Accounting Information systems cover many organizational functions at the Veterans Affairs (Where I work) that range from accounting transaction processing systems to financial management planning and processing systems.  For example financial reporting begins at the operational levels of an organization like mine, where the transaction processing systems capture important business events such as routine production, purchasing, and sells. Accounting information systems makes it easier to summarize these types of transactions for internal decision making and for external financial reporting.  Accounting Information systems give organizations the ability to track the costs associated with the production of their goods and services. In addition, the Accounting systems enable organizations to perform advanced analyses so that they can allocate resources more appropriately to ultimately increase performance. 

Week 1 DQ 2

What is some of the key information that is collected by your organization’s accounting information system, and how is it used ? Explain in detail

 

The Veteran Affairs collects allot of information with accounting information systems.  The organization works of differe

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