Description

Information systems are very important to the success of every business in the modern, complicated business world. Information is all about how intelligence or knowledge is sent and received.

In an information system, information is collected, stored, processed, shared, and used. Information systems have grown to the point where they can now handle databases and help people make decisions. Accounting Information System stands out among the different information systems.

An Accounting Information System (AIS) is a structure that a business uses to collect, store, manage, process, retrieve, and report its financial data so that it can be used by accountants, consultants, business analysts, managers, chief financial officers, auditors, regulatory and tax agencies, and many other users. The purpose of AIS is to provide quantitative information, mostly about finances, about economic entities. This information is meant to help people make good economic decisions and choose between different courses of action. Accountants with special training work with AIS to make sure that a company's financial transactions and records are as accurate as possible. They also make it easy for those who have a right to see the data to get it, while keeping the data intact and safe.