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Accounting information system is generally a procedure of collecting, storing and processing the accounting and financial data that is used by the business heads. So, accounting practices such as generally adopted accounting principles and information technology work as a team in this process.
After reading the information above, you can say that accounting information system is not only an accounting process. It is a technical process as well.A company gets many benefits from it like it is a systemic way of keeping data, a company can detect any fraud in the finances by availing the services of accountants and income tax agencies, etc.Moreover,a company can get to know about its position because of a fair accounting system.
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