Accounting Information System


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Accounting Information System

An electronic system containing all documents that a company uses to prepare financial statements and that one may use to defend against an audit. Accounting records include receipts, ledgers, sales records, and so forth. An accounting information system has become a major means for a company to maintain accounting records. See also: Accounting software.
References in periodicals archive ?
A very important aspect that is related with the implementation of the accounting information systems in organizations, is quality of the data/information generated, due to the important role they play in the decision making process.
identify the modules of an accounting information systems
Artificial intelligence and research in accounting information systems: Issues and opportunities.
Blockchain, a public, decentralized ledger first used to enable bitcoin trading, has the potential to serve as a secure accounting information system. A key feature of blockchain is that it decentralizes system management and authorization to a network of computers.
1 shows the financial and accounting information system and financial and accounting management cycle.
The advantages of using accounting information system (AIS) are relevant and important for the public managers and other users, such as: investors, creditors, managers, owners, customers, employees, regulatory agencies.
Big data provides the accounting information resources sharing platform: Computerized accounting information system has changed the traditional accounting model, automate accounting bookkeeping, accounts, reimbursement, through an automated way to realize the change of financial management technology, and provides information to assist decision making to the managers(Juan, 2013; Khan, 2012).
A possible crisis that may arise in a business can be prevented if the mentioned accounting information system is operated in a good way.
This undergraduate textbook describes the conceptual framework underlying financial accounting, the accounting information system, the format of income statements and balance sheets, the time value of money, the valuation of inventories, different types of liabilities, stockholders' equity in corporations, accounting for income taxes and leases, and full disclosure in financial reporting.
It now looks to upgrade its accounting information system.