Accounting Information Systems, Hierarchical Coding and Control 1What are the three major types of f

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Accounting Information Systems, Hierarchical Coding and Control 1What are the three major types of funds found in most
local government accounting information systems?

2 What is “hierarchical coding” with respect to a
chart of accounts? How would hierarchical coding be useful for companies?

3 What is internal control? Why is it a fundamental part of
accounting information systems?

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