Attempt all the questions.
Section-A
Question1) Explain the issue of ethics and privacy in case of Accounting Information Systems.
Question2) Why accounting information system is the back-bone of any organization? What are the most common applications of system in accounting? Describe in details.
Question3) What are the basic internal control concepts, and why are computer control and security significant? What are the four types of control objectives which companies need to set?
Question4) Explain how AIS could provide management with information for decision making.
Section-B
Case Study
Create a program flowchart for the following application. This application computes straight-line depreciation for a file of fixed assets. The fixed-asset file consists of the following record types:
Question5)a) A header record, that contains the file ID number and a hash total of all of the record ID (key) values.
b) A record for each fixed asset. Each record contains the following fields: ID number, a location code, original cost, and useful life in months, depreciation taken to date, and salvage value.
The program must read each fixed-asset record, compute the amount of depreciation for the year (12 months), update the necessary fields, and write updated record. End-of-job processing must print the number of assets processed, print the total depreciation compound, and verify hash total for this run.