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

ACCOUNTING INFORMATION SYSTEM - an analysis

It is a system of collecting , storing and processing financial and accounting data that are used by the top management or decision maker , it is basically a computer based method for trekking accounting activity with relate to information technology resources.

AIS is a structure that business uses to collect, manage, process , retreive , reports its financial data which can be used by many persons like accountant, consultant, business analyst , managers , auditors, regulators and tax agencies which take help from these information and make plans for the future of business.

Specially trained accountants which work in depth with AIS to insure the highest level of accuracy in a company's financial transaction and record keeping as well as make financial data easily available to those who needed.

- AIS is used by the company to collect , store , manage and report financial data

- AIS help the different department within a company for work together.

- Internal and external control of AIS are critical to protect company's sensitive data

These are the procedure to be followed when sales are made in abusiness and various departments are involved

- Sales people enter the customer order into the AIS

- Invoice sent to the customer

- Warehouse assemble the order

- Account receivable are created particular for 30 - 60 or 90 days

- Customer service depatment track the order and make arrangement for shipment

- And finally managemnt use AIS to create sales report and perform cost analysis

AIS must have database structure ti store information such as structural query language , SQL which is a computer language commonly used for database.

The type of data included depend upon the nature of business but it may consist of

- Sales order

- Customer billing statement

- Sales report

- Purchase requistion

- Vendor invoice

- Check register

-General ledger

- Inventory data

- Pay roll information

- Time keeping

- Tax information

These data can be used to prepare accounting statemnt and financial report , so AIS help to the business in many ways, with accuracy and effectiveness.