A Fellow Student in One of Your Classes Struck Up

question 21

Essay

A fellow student in one of your classes struck up a conversation one day. "What's your major," he asked. "Accounting," you replied. "Wow I've heard accounting is a tough major. What accounting classes are you taking this term?" You started talking about your accounting information systems course, and your friend asked you the question(s) noted below. Prepare a written response for your friend.
-List and discuss three ways accounting information systems is related to other areas of accounting.

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Definitions:

Expansion Project

A business initiative aimed at increasing the scale of its operations, typically through new product lines or geographic markets.

Top-down Approach

Investment strategy that starts with global outlook and macroeconomic analysis before analyzing specific sectors and companies.

Operating Cash Flow

A measure of the amount of cash generated by a company's normal business operations.

Annual Sales

The total revenue a company generates from its operations over the course of a year.