Accounting Information Homework Help

There are six major parts an accounting information system has

• Professionals : These are the people who use an accounting information system. They are professionals from the accounting and finance sector. An accounting information team includes people like accountants, finance analysts, business managers, etc.
• Data: A business organization enters the data in the accounting information system keeping in mind the business practices it has done.
• Software: In the modern times accounting information system is being done on computers unlike manually in the past. Businesses opt the software like Intuit’s QuickBooks, SAP’s business one and Microsoft’s Dynamic GP to store, retrieve, process and analyze data.
• Procedure and instructions: In this process, accounting information system collects, stores, retrieves, and processes financial data. Procedure and instructions can be both manual and automated. Financial data can enter in it from internal sources as well as external sources.
• Information technology infrastructure: Infrastructure in the AIS is not something special. A business company uses computers, servers, printers, routers and storage items, etc in it.
• Internal controls: AIS contains very important data about the business.So a company takes security measures to make sure that this data stays secure from the outsiders.An organization can use some simple password or a tough biometrical identification password to secure this data.

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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