Question

Your friend said to you that "I thought accounting was all about numbers and columns, but your AIS class sounds different than that." Explain to your friend why the study of accounting information systems is important for future accountants.

Answer 1

Accounting information systems provides businesses with the ability to record all types of financial information for future use. In addition, these systems are huge time-savers and make the accounting processes and procedures easily repeatable

Accounting information systems provides businesses with the ability to record all types of financial information for future use. ... Also, the risk of human error is drastically reduced because the computer systems manage the accounting processes, and documents are automatically created by the systems

Why Is Accounting Important? Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.

The purpose of an accounting information system (AIS) is to collect, store, and process financial and accounting data and produce informational reports that managers or other interested parties can use to make business decisions.