The AIS is a system of collecting and processing transaction data and disseminating financial information to interested parties. Systems vary for different types of business, different sizes of businesses and for the information demands from management or investors.
What kind of questions can a good accounting system answer for readers of financial information?
Adapted from Kieso Weygrandt.© BrainMass Inc. brainmass.com June 3, 2020, 7:52 pm ad1c9bdddf
An efficient accounting information system can report:
1. How much and what kind of debt is outstanding?
2. Did sales increase ...
The solution lists 10 types of questions that can be reported out of the accounting information system.