An accounting information system (AIS) is a structure that a business uses to collect‚ store‚ manage‚ process‚ retrieve and report its financial data so that it can be used by accountants‚ consultants‚ business analysts‚ managers‚ chief financial officers (CFOs)‚ auditors and regulatory and tax agencies. In particular‚ specially trained accountants work with AIS to ensure the highest level of accuracy in a company’s financial transactions and recordkeeping and to make financial data easily available
Free Computer software Computer program Internal control
An accounting information system (AIS) is the system of records a business keeps to maintain its accounting system. This includes the purchase‚ sales‚ and other financial processes of the business. The purpose of an AIS is to accumulate data and provide decision makers (investors‚ creditors‚ and managers) with information to make decision While this was previously a paper-based process‚ most modern businesses now use accounting software such as UBS‚ MYOB etc. Information System personnel need basic
Premium Accounting software Information systems Management
Kudler Accounting System Paper Darrell L. Jones BSA/310 February 8‚ 2014 Sharon Foreman‚ PHD Kudler Accounting System Paper Introduction This paper is designed to show and describe the importance of a new accounting system that is desperately needed by Kudler Fine Foods. The company is continuing to grow in revenue‚ but the accounting system is not able to keep up with the growth of the company. Due to the growth of the company Kudler management should consider integrating a more
Premium Management Customer service Marketing
The Basic Functions of an Accounting Information System. An accounting information system (AIS) provides financial information about a business. This information helps managers plan and control operations and provides reports to outside parties such as stockholders‚ creditors and government agencies. Parts of an accounting information system might include financial reporting‚ cost accounting‚ management accounting and enterprise resource planning (ERP). A well-designed AIS gives a business
Premium Enterprise resource planning Management Accounting software
1. Discuss the origins of the technology make the current accounting system available. 2. Define an accounting system. An accounting system is a system that identifies‚ records‚ communicates information that is relevant‚ reliable‚ and comparable about an organizations business activities. 3. List and describe the components of accounting information system. Technology People Data Input and Output Internal Control 4. Discuss the FASB conceptual framework. Assets: A resource
Premium Output Input/output
Accounting Information Systems Research Paper Abstract The Sarbanes-Oxley Act of 2002 (SOX) was enacted into law in 2002 in the wake of corporation financial reporting scandals involving large publicly held companies. SOX instituted new strict financial regulations with the intent of improving accounting practices and protecting investors from corporate misconduct. SOX requires corporate executives to vouch for the accuracy of financial statements‚ and to institute
Premium Internal control
unaab.edu.ng COURSE CODE: ANN 502 COURSE TITLE: Nigerian Feeds and Feedstuffs NUMBER OF UNITS: 2 Units COURSE DURATION: 2 Hours COURSE DETAILS: COURSE DETAILS: Course Coordinator: Email: Office Location: Other Lecturers: Dr. Richard Abayomi Sobayo rasobayo@yahoo.com Department of Animal Nutrition Prof. Daisy Eruvbetine‚ Dr. Abimbola Oladele Oso Dr. Adebayo Olusoji Oni COURSE CONTENT: Survey of Nigerian feeds and feedstuffs. Classification of feeds into roots
Premium Water Digestion Metabolism
oil Spill Response And Remediation.http://dexcomsolutions.com. retrieved 06‚2013.http://www.dexcomsolutions.com/services.html (2013).A way forward for the Nigerian oil‚ Gas and power sectors. http://businessdayonline.com. retrieved 13‚06‚2013. from http://www.businessdayonline.com/NG/index.php/analysis/columnists/50010-a-way-forward-for-the-nigerian-oilgas-and-power-sectors-1- (2013).Oil and Gas in Nigeria.http://mbendi.com. retrieved 06‚2013. from http://www.mbendi.com/indy/oilg/af/ng/p0005.htm (2012)
Premium Petroleum
INFO 243 TERM TEST 1 PREP GENERAL AIS CONCEPTS * System – set of interdependent elements that together accomplish specific objectives * subsystem – interrelated parts that have come together‚ or integrated‚ as a single system. * IS/MIS – person made system that consists of an integrated set of computer based and manual components established to collect‚ store and manage data and to provide output info to users (hardware‚ software‚ data‚ procedure‚ people). Provides info for decision
Premium Data flow diagram Management Use case
Modern accounting systems have become the foundation from which the modern organization can rely and depend upon to maintain a strong efficient strategy that will help the organization grow. The modern accounting systems embraces the old accounting practices that have been used for hundreds of years and builds upon that platform to give modern organizations control over the finances. There must be set in place internal controls to keep the company assets from being stolen and that is why modern
Premium Double-entry bookkeeping system Asset Bookkeeping