INTRODUCTION:
Today the competitive world has thrown more challenges to the corporate world.
More transparent and clear information to the corporate management and its customers also has been the trick of success in today’s market. A company can gain confidence and attract more customers if it is very transparent, clear substantial and subjective in its information it provides to its investors and managers. Keeping this in view Accounting Information System has been the talk of the corporate world.
The petroleum producing countries are also forced to follow certain technologies in their accounting systems so as to get more information regarding distribution and sharing of profits among its investors.
This article is a study on the importance and also applications of AIS in petroleum companies with special reference to Yemen.
Concept and definition of AIS The definition of AIS has evolved over the years from one focusing on the provision of more formal, financially quantifiable information to assist in decision-making processes to one that embraces a much broader scope of information. The dimensions used to reflect the design of AIS include focus, orientation, time horizon, aggregation, integration, timeliness, financial and non-financial, and quantitative and qualitative. Defining AIS has been difficult today and research in this area is quite diverse. It includes behavioral studies of audit decision – making tools, field studies of organizational systems, design, development of general ledger systems, and development of accounting models that effectively utilize advancement in computer technology, application of different technology solutions to AIS situations, and many other types of studies. In general, an information system is used to represent the real world phenomena with a set of symbols which are captured and implemented within a computerized