An accounting information system collects, records, stores, and processes financial transaction data from a firm. This information is then distributed to operations personnel to help coordinate tasks and is also transformed into reports that management can use to make decisions about resources, events, and agents. An accounting information system consists of components organized to accumulate, classify, analyze, and process financial information for internal and external stakeholders to assist them in decision making.
An accounting information system collects, records, stores, and processes financial transaction data from a firm. This information is then distributed to operations personnel to help coordinate tasks and is also transformed into reports that management can use to make decisions about resources, events, and agents. An accounting information system consists of components organized to accumulate, classify, analyze, and process financial information for internal and external stakeholders to assist them in decision making.
An accounting information system collects, records, stores, and processes financial transaction data from a firm. This information is then distributed to operations personnel to help coordinate tasks and is also transformed into reports that management can use to make decisions about resources, events, and agents. An accounting information system consists of components organized to accumulate, classify, analyze, and process financial information for internal and external stakeholders to assist them in decision making.
An accounting information system captures and records the financial
effects of the firm’s transaction by which these information are distributed to operations personnel to coordinate several key tasks (Hall, 2009). Accounting Information System is a system that transforms— collects, records, stores, and processes— into information that management can use to make decisions about events, resources, and agents (Romney/Steinbart, 2008). AIS is defined as components organized to accumulate, classify, process, analyses financial information for the internal and external stakeholders to help in making decisions (Moscove, 1997).