The accounting information system

Running head: ACCOUNTING INFORMATION SYSTEM
Accounting information system
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ACCOUNTING INFORMATION SYSTEM1
Executive Summary
The report has been prepared to demonstrate the strategic uses of an accounting system and
two of the cloud based systems of accounting information that help to achieve the IT related
innovations. It has further been segregated into two parts in which the first part highlights the
analyses of IaaS and SaaS software’s. The second part deals with the application of the
system by the company and effect of implementation of the software on its performance. The
attributable aids to the accounting software relating to the organization have been discussed.

ACCOUNTING INFORMATION SYSTEM2
Table of Contents
Introduction................................................................................................................................4
Discussion..................................................................................................................................4
Critical discussion of the two AIS based on cloud................................................................4
Evaluation of the strategic application by firms to achieve innovations relating to IT.........8
Conclusion................................................................................................................................10
Reference list............................................................................................................................11

ACCOUNTING INFORMATION SYSTEM3
Introduction
Accounting Information System is the structure used by an organization to store,
process, collect, report and manage the financial data. It is used by business analysts, tax
agencies, accountants, auditors and consultants. Many accountants are trained with in depth
knowledge of AIS to make sure that the accuracy level in the financial transactions are high.
Online Accounting is the other name of Cloud Accounting. The accounting software provides
the same services and stores the data securely on its server known as the cloud (Shuleski et
al. 2016).
The software of AIS providing cloud computing delivers computer services. The
storage, server, network and database are used. Software as a Service (SaaS) and
Infrastructure as a Service (IaaS) are the two varieties of AIS whose implementation based on
cloud computing has been discussed. IaaS involves renting of IT infrastructures like
operating systems, networks and servers. SaaS involves providing of software application and
getting solution over the web.
Discussion
Critical discussion of the two AIS based on cloud
AIS is a cloud based system where the system’s process is automated so the
accounting is performed easily, the company’s data is integrated onto the server. The
consumers are allowed to get the details in real time. A cloud based AIS promotes
outsourcing of the accounting process in a proper manner.
Infrastructure as a Service – The cloud based service system allows the vital web
architecture to get business. Without purchasing the organizations can make use of servers,
connections, and storage space while internet infrastructure gets managed by themselves. The