Using general systems theory as your analytical framework, identify and describe the main control elements of a medium-sized fast-moving consumer goods company’s accounting system. In your description you should identify how each of the component parts of the accounting system are connected together and the related information requirements of each component part.
Control is a fundamental issue for any company seeking to function efficiently and maximize the wealth of its shareholders. Describe the basic elements of control and explain why it is necessary in corporate organizations?
Control systems can generally be divided into three levels:
1. operational accountability,
2. tactical control, and
3. strategic management.
Explain how the increasing use of computer technology and information management has affected processes and procedures at each of the above three levels of control.