How can the value of the information produced by an accounting information system be determined?
From your course textbook, Accounting Information Systems, refer to the table "Characteristics of Useful Information" in the chapter "Accounting Information Systems: An Overview." To what extent can all the characteristics of useful information listed in the table be simultaneously met? What are the reasons the characteristics might not be interrelated?
Some individuals argue that accountants should focus on producing financial statements and leave the design and production of managerial reports to information systems specialists. What are the advantages and disadvantages of this approach?