Introduction. Business. information. system in Accounti

Introduction
Business information system
in Accounting.
Impact of Artificial
Intelligence on Accounting
Electronic data transfer in
Accounting

Information connects with
technology to improve business.
It keeps track of all the fund flows
and assets of a business, such as
reporting, auditing, tax accounting,
and management accounting.
The architecture of this system is
segregated in two layers:
 Display of information
 Redeem stored data
The software used is user friendly,
saves time, and cost effective.
Business Information
System in Accounting

Impact of AI on
Accounting Artificial intelligence is believed to
rise the competitive advantages in
accounting.
 Artificial intelligence have leads to
improvement in accuracy, reduction
in cost and increase in productivity.
 Analyzing of the huge data volumes
at a very high speed by Artificial
intelligence.
 Various accounting tasks done by
the machines like payment closure,
procurement, audit, management
and AI chat-bots.

 The electronic data
transfer occurs in a
business process with all
the standardised formats
of transaction in
accounting.
 The electronic fund
transfer consist of payroll
deposit, payments in
business, tax payments
etc.
 The benefits of electronic
data transfer in
accounting is vast starting
from fast processing of
data, cost reduction, less
errors
Electronic data transfer in Accounting

ConclusionInformation system on
accounting have benefited
business for keeping track of
assets and flow of funds.
Computer based accounting
have increased efficiency, cost
effective, less work load, less
errors etc.
Artificial Intelligence is
implemented by various
companies for streamlining all
the operations related to the
business and accounting