Class 11 Accountancy - Chapter Applications of Computers in Accounting NCERT Solutions | Explain, using examples, the relationshi
Explain, using examples, the relationship between the organisational MIS and the other functional information system in an organisation. Describe how AIS receives and provides information to other functional MIS.
Accounting information system is an important component of the organisation MIS in an organisation. It receives information and provides information to the other functional MIS. The following example illustrates the relationship and data interface between the various sub - components of MIS.
(i) Accounting Information System, Manufacture System and Human Resource Information System From the figure given below we can go through the relationship between the three information systems, viz manufacturing information system accounting information system and the human resource information system. The manufacturing departments receives the list of workers from the Human Resource (HR) department.
It sends the details of production achieved by the workers on the basis of which the HR department directs the finance and accounts (F&A) department to pay the wages. The details of the wages paid and statutory dues are also sent by the F&A departments to the production department also to the HR department to monitor the performance of workers.
The HR department communicates to the other departments about the good/bad performance on the basis of which decision on various operational matters may be taken.
(ii) AIS and Marketing Information System Consider the business process in the Marketing and Sales departments involving the following activities
(a) Inquiry
(b) Contact creation
(c) Entry of orders
(d) Dispatch of goods
(e) Billing to customers
The accounting sub-system transaction cycle include the processing of sales order, credit authorisation custody of the goods, inventory position, shipping information receivables etc, It also keeps a track of the customer accounts e.g. Aging Report which should be generated by the system.
(iii) AIS and Manufacturing Information System Business process in the production department may involve the following activities
(a) Preparation of plans and schedules
(b) Issue of material requisition forms and jobs cards
(c) Issue of inventory
(d) Issue of order for procurement of raw materials
(e) Handling of vendors invoices
(f) Payments to vendors
Hence, it can be said that a computerized accounting system is a sub component of the accounting information system which transforms the financial data into meaningful information and communicates the information to the decision - makers. The reports demanded may be routine or specific ones.and the other functional information system in an organisation.
More Questions From Class 11 Accountancy - Chapter Applications of Computers in Accounting
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State the relationship between information and decision.
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‘An organisation is a collection of interdependent decision-making units that exists to pursue organisational objectives’. In the light of this statement, explain the relationship between information and decisions. Also explain the role of the Transaction Processing System in facilitating the decision-making process in business organisations.
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Fill in the correct words :
1. The user oriented programmes designed and developed for performing certain specific tasks are called as ...........
2. Language syntax is checked by software called as ...........
3. The people who write programmes to implement the data processing system design are called as ...........
4. ........... is the brain of the computer.
5. ........... and ........... are two of the important requirements of an accounting report.
6. An example of responsibility report is ........... - Q:-
What is Accounting Information System?
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Name three components of a Transaction Processing System.
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State the different elements of a computer system.
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1. What is the amount of capital with which Mr. Sunrise started business?
2. What are the fixed assets he bought?
3. What is the value of the goods purchased?
4. Who is the creditor and state the amount payable to him?
5. What are the expenses?
6. What is the gain he earned?
7. What is the loss he incurred?
8. Who is the debtor? What is the amount receivable from him?
9. What is the total amount of expenses and losses incurred?
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A Trial balance is prepared:
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₹
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Which of the following answers properly classifies these commonly used accounts:
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Assets Liabilities Capital Revenue Expense
(i) 5,4, 3, 9,6 2,10 8,7
(ii) 1, 6 4, 5 8 7, 3 2,9,10
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Give examples of two types of operating systems.
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