Accounting Information System
- See: Accounting, Budgeting System, Tax, Report, Investor, Creditor, Auditing, Financial Accounting, Management Accounting.
- (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/accounting_information_system Retrieved:2015-12-17.
- An accounting information system (AIS) is a system of collecting, storing and processing financial and accounting data that is used by decision makers. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources. The resulting financial reports can be used internally by management or externally by other interested parties including investors, creditors and tax authorities. Accounting information systems are designed to support all accounting functions and activities including auditing, financial accounting & reporting, managerial/ management accounting and tax. The most widely adopted accounting information systems are auditing and financial reporting modules.
- This is a system which processes accounting data and turns them into useful information, such as income statements and balance sheets at the end of an accounting period, or the management accounts which are typically produced monthly to help managers monitor and control business activities and make decisions. It is often referred to as an accounting system (for short). The term is also commonly used to refer to the computer software a business may use for accounting and bookkeeping purposes.