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The main disadvantage of integrated accounts is that a single system is used to provide information both for external and internal reporting requirements. The need to provide information for statutory purposes may influence the quality of information which can be made available for management purposes. For example, it may be more useful for management purposes to have inventory valued on a LIFO basis. However, this would not be acceptable for external reporting purposes and the latter requirement may prevail to the detriment of management information
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What are the disadvantages of accounting information system?
To many companies rely on accounting information systems because they are so prevalent. If the system fails, the business would be at a loss for information.
Disadvantages of computerised accounting system?
Disadvantages; 1. You must learn the software. 2. The software will have bugs, so sometimes it will not work properly. The advantages far out-weigh the disadvantages.
Advantages and disadvantages of open or class system?
Advantages and disadvantages of class system
How an accounting system use in bank?
An accounting system is used in bank for various purposes. The system will help in basic bookkeeping of the bank's accounts and reconcile all transactions among other accounting functions.
What are the Flaws in the accounting information system?
pls give me accounting informotion systam
