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Accounting Information System
Meaning ,[object Object]
Accounting information system is a system of records, usually computer based, which combines accounting principles and concepts with the benefits of an information system.
It is used to analyze and record business transactions for the purpose to prepare financial statements and provide accounting data to its users. ,[object Object]
AIS is responsible for providing timely and accurate financial and statistical reports for internal management decision making, and for external parties such as creditors, investors, and regulatory and taxation authorities.,[object Object]
Allows to safe time of employees and avoid mistakes

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Accounting Information system

  • 2.
  • 3. Accounting information system is a system of records, usually computer based, which combines accounting principles and concepts with the benefits of an information system.
  • 4.
  • 5.
  • 6. Allows to safe time of employees and avoid mistakes
  • 7. Implementation of such system requires investment and time to be spent on the implementation, however future benefits are much higher that the expenses incurred.
  • 8. Helps the company forecast sales, profits, loss
  • 9.
  • 10. In the second phase, the information will be processed for use. When processed, it is filed in the areas where it is most important. These systems have various groupings or categories to maintain files until they need to be used in the future for whatever reasons.
  • 11.