INTRODUCTION TO

ACCOUNTING
INFORMATION
SYSTEMS
ACCONTING
INFORMATION SYSTEM

 Business processes
 Information systems
Business Processes

 A sequence of activities:
 for acquiring goods and
services
 for producing goods and
services
 for selling goods and
services
Business Processes

 Models of business processes

viewed in terms of transaction
cycles.
 Each transaction cycle
involves several events.
 Business Processes

 Three main transaction cycles:

 An acquisition (purchasing)
cycle is the process of
purchasing and paying for
goods/services.
 A conversion cycle is the
process of transforming
resources acquired into
goods/services.
 A revenue cycle is the process
of providing goods or services
to customers and collecting
cash.
Typical Business
Processes

 Production
 Sales
 Information Systems

 A management information
system (MIS) is a system that
 captures data about an
organization
 stores and maintains the
data
 provides meaningful
information for
management.
 Information Systems

 An MIS can be viewed as

a set of subsystems that
provide information for
such functions as:
 production
 marketing
 human resources
 accounting
 finance
 Management
Information Systems

 MIS captures
 data about business processes
 aggregates, summarizes, and
organizes data
 produces information that helps
monitor and control business
processes
 ERP systems integrate all
aspects of a firm’s business
processes.
 Accounting
Information System

 An AIS is a subset of
an organization’s MIS that
provides:
 accounting and financial
information
 other information obtained
in the routine processing of
accounting transactions
Uses of Accounting
Information Systems

 Producing external reports

 Supporting routine activities
 Decision support
 Planning and control
 Implementing internal control
Role of Accountants
in Relation to AIS

 User
 Manager
 Consultant
 Evaluator
 Provider of accounting and
tax services
 Keyterms
 Accounting information
system (AIS)
 Applications
 Assurance services
 Business process
 Enterprise resource planning
system (ERP)
 THANK YOU