Page 144 - BA2 Integrated Workbook STUDENT 2018
P. 144
Chapter 8
1.3 Disadvantages of an integrated system
The two systems have different requirements. The need to provide information for
statutory purposes may influence the quality and volume of information which can be
made available for management purposes.
Financial accounting is required to record transactions for the accounting period to
allow the organisation to produce the statutory accounts at the end of the period
while management accounting needs to be more detailed in order to produce the
information required for management for planning, control and decision making
purposes.
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