Question

A company's accounting information system (AIS) plays an important role in the conversion cycle. Do you agree that the design of a company's conversion cycle AIS should go beyond merely meeting external financial reporting requirements? Do you agree that accountants should only focus on preparing for financial statements and leave the design of the AIS to information systems specialists?

Answer 1

Accounting Information System do play an important role in the conversion cycle.

The design of a company's conversion cycle AIS need not go beyond merely meeting external financial reporting requirements.

Accountants should not leave the design of the AIS to information systems specialists, Accountants should assist Information system specialists in how they need the AIS to be, because the final users of AIS would be the accountants and without them, the design of AIS would become unsuccessful.

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