Accounting Information System

Running Head: ACCOUNTING INFORMATION SYSTEM
Accounting information system
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ACCOUNTING INFORMATION SYSTEM
Executive summary
This report explains about the accounting information system of Adam & co and its field
of operation in the market. Next it is discussed about the different types of accounting
information system by analyzing and comparing them. Then it is discussed about the
different methodology to evaluate various types of accounting information system.

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ACCOUNTING INFORMATION SYSTEM
Table of Contents
Introduction........................................................................................................................3
Principles...........................................................................................................................4
Components.......................................................................................................................5
Types.................................................................................................................................7
Conclusion.......................................................................................................................12
Reference list...................................................................................................................13

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ACCOUNTING INFORMATION SYSTEM
Introduction
Accounting information system or AIS is a system that a business uses to
process the accounting, financial data and store to keep the business financial records
in order. It involves collecting and storing the financial data useful for the users in
reporting the financial information to the shareholders or owners and other. In this
modern rapid changing companies environment there is a need of high quality
information for making strategic decision which can be achieved only by an Accounting
information system (Belfo and Trigo 2013). It has a built in intelligent system which can
be customized capable of displaying the required information for a business. A well-
developed accounting information system with a well-trained accountant ensures a
highest level of accuracy in the financial statement of a company and record the
financial data easily. There are three basic functions which is available for performing
the accounting information systems like an AIS must collect and store all companies’
transaction data including recording data from the source, then AIS should be able to
provide useful and accurate information for decision making purpose in the business
and should be able to collect and process the financial data according to the
requirements. These AIS function provides the framework on which a business or
organization can rely of their information system is up to the mark. Without proper AIS
function there will be a larger threat for a company and its customers of having no
accounting information system (Brandas, Megan and Didraga 2015).