Question

Accounting Information Systems consist of input, processing, output, and control components; in an environment of threats, risks, and opportunities.
Based on your current knowledge and understanding of these concepts, explain how Accounting Information Systems will influence a future career in business. (Think in terms of adding value.)

Answer 1

an accounting information system is a structure that a business uses to collect, store, manage, process the reports of financial statement.it can be used by experts s to form an opinion on the entity.

specially trained accountants work in-depth with an accounting information system to get a higher level of accuracy in a company's financial statement. and to ensure the financial statement is presented in a true and fair manner.

it helps us to get proper data and compare it wit actual and budgeted data. and any variance in this data can be examined.

new advancement in technology helped the business to prosper in every area,it helped the business to collect data and analyse.to do the business successfully, the business m8ust establish a strategy and check which strategy work and which not.

so the data are vital for business success so that the company can look at the past information and form an opinion on that.

so with the advancement of technology it will help the business, to collect data in more accurate manner, and also it may help the business to collect more insight about the customer, which will result in success.

new advancement will also help the business to do proper accounting bills, without any fraud or theft.like, currently accounting bills connected with accounting information systems tend to give better results that traditional accounting bills .it will also help the business to look after the warehouse, control the inventory.

accounting information system software is updating day by day, which offers more features for the user.so the business must also ensure that the software they are using have quality, reliable and security are a key component of accounting information system software.