AIS Can Be Linked to Other Areas of Study in Accounting

question 40

Multiple Choice

AIS can be linked to other areas of study in accounting by focusing on the five generic elements of the AIS.Which of the following pairs a generic element of the AIS with a specific example from financial accounting?

• A)Bank reconciliation, internal control
• B)Adjusting entries, output
• C)Financial statements, storage
• D)FASB Conceptual Framework, input

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Definitions:

Heirs

Legal successors entitled to inherit the property or rights of a deceased individual under the laws of inheritance.

Replacement Planning

A component of succession management focusing on identifying immediate replacements for key roles within an organization.

Succession Management

A strategy to identify and develop future leaders at a company, ensuring a smooth transition and the continued effectiveness of the organization in the face of change.

Employee Characteristic

Attributes or qualities of an individual worker, such as skills, attitudes, and behaviors, that can impact job performance.