make a report for accounting information system. the report should of thousand words. and it should follow the following format 1. Title page 2. Acknowledgements 3. An abstract (one-page summary of the paper) 4. Table of contents 5. Introduction to the issue (brief history & significance of issue assigned) 6. Practical study of the organization (with respect to the issue) 7. Data collection methods 8. SWOT analysis (strengths, weaknesses, opportunities & threats) relevant to the issue assigned 9. Conclusion (one-page brief covering important aspects of your report) 10. Recommendations (specific recommendations relevant to issue assigned) 11. References (as per APA format) 12. Annexes (if any)

Explain the various users of accounting information and the kind of information they usually need

Presented below are the assumptions made and characteristics of information used in this chapter. 1. Accounting entity assumption 2. Going concern assumption 3. Accrual basis assumption 4. Period assumption 5. Relevance 6. Faithful representation 7. Comparability 8. Verifiability 9. Materiality 10. Timeliness 11. Understandability (a) Repair tools are expensed when purchased. These repair tools have a useful life of more than one accounting period. (b) Two business financial reports can be viewed together. (c No information is missing or biased (d) Financial information is separated into time periods for reporting purposes. Independent people can reach the same figures. (f) Personal and business record keeping should be separately maintained. (g) Information that can be used to predict the future. (h Financial reports are issued promptly.

Briefly explain the various types of accounting errors. (14 marks)b) What are the characteristics of good accounting information?(6 marks)*END*

Accounting information is considered to be relevant when itGroup of answer choicesCan be depended on to represent the economic conditions and events that it is intended to represent.Is capable of making a difference in a decisionIn understandable by reasonably informed users of accounting informationIs verifiable and neutral

1. Task 1 (250 words)Write an essay to discuss the fundamental role of accounting in the business world. Youressay should include:• A description of the critical functions of accounting and how they contribute toorganisational decision-making and accountability.• Your personal experience or observation where you have seen the importanceof accounting in action, either within business organisations