Question

what are the 2 element that are an integral part of an accounting information system?

Answer 1

Accounting information systems typically comprise five elements: inputs, processes, outputs, storage and internal controls. The elements work together to provide reliable information effectively and efficiently.

Key elements :

a)People:

AIS helps various system users that include accountants, consultants,budin bus analysts ,managers, chief financial officers and auditors etc.from different departments within a company to work together.

-:With well designed AIS everyone within an organisation who is authorised to do so can access the same system.

Procedure and instructions:-

These include both manual and automated methods for collecting, storing, retrieved and processing data.

Data:-

-:it refers to the information relevant to the organisation's business practices that may include sales orders , customer billing statement,sales analysis reports, general ledger, inventory data,payroll information, tax information etc.

This data can be used to prepare accounting statement and reports .

D)Software:

These are the company programs that provide quality , reliability and security to the company's financial data that may be stored, retrieved, processed and analysed.

E)​​​​​Information technology infrastructure:

This include hardware such as personal computers,servers,printers,surge protectors,routers,storag s media,and possibly a back up power supply used to operate the system.

F) Internal controls:

These are the security measures such as lasswpass or as complex as biometric identification to protect sensitive data against unauthorised computer access and to limit access to authorised users .

-: Internal controls also protect against computer viruses,hackers and other nternal and external threats to network security.