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Accounting Information Systems and Technologies

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1. What are the essential elements of an accounting information system?

2. What does AIS mean to you? How do you incorporate AIS into your daily life?

3. Does the presence or absence of computers and other forms of information technology determine whether or not a business has an accounting information system?

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Solution Summary

The answer to this problem explains accounting information systems . The references related to the answer are also included.

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1. The essential elements of an accounting information system are that it records, stores, and processes financial information. The accounting information uses a computer program for tracking accounting transactions. This information leads to the generation of reports that may be used internally and externally. The elements include the methods for retrieving and processing data, financial data including all transactions, computer software, computer hardware, security measures to protect data, and the accountants/personnel who access and use the system.

2. ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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