What is an accounting information system❓

What is an accounting information system❓

What is accounting information system?

Accounting Information System is a system that helps convert or process financial information. to be useful in the decision of the user Accounting information systems focus on data collection and financial communication, where AIS provides an overview, storage, structure, processing, security controls. and accounting information reports

Accounting operations are now very complex. This required the qualification of accounting information in relation to the operations of the AIS organization, and the management information system would have both separate and interconnected parts, which AIS would process only for both internal and external users, but MIS will focus on executive decision making.

📍What is the result of accounting information system?

Accounting information systems provide what is known as “Accounting information” is financial statements and VAT. The management account is the cost analysis report in the budget report. This will help to know the real profit. Help to know the financial status of the business Helping to find funding sources Help with tax matters and help plan, improve and develop the business

📍What are the benefits of accounting information?

- Provide information for employees' daily work that will be used to coordinate, evaluate, control and solve problems such as sales reports, income-expense reports, etc.

- Used for decision making, planning, and controlling both short-term and long-term work at the middle to high level management level To be used in conjunction with non-financial data such as trends of increase and decrease in sales

- Provide basic information to external users, i.e. income statement and balance sheet. But if the business is listed on the stock exchange, the cash flow statement must also be made.

📍What are the advantages and disadvantages?

The advantages of accounting information systems include:

- Complete with basic program components

- There is a program to help determine the size of the data file.

- The program can be connected to a system with high capabilities.

- Flexible in use

- There is a multi-level code system.

- Create and update master data files

- have a form program

- Convenient data transfer

Disadvantages of accounting information systems

- Processing and flow of information is very complex. Therefore, it takes time for continuous learning.

📍 Examples of work systems

Technology is now coming in to simplify the process and increase accuracy. causing a lot of time reduction from the original The accounting information system will help decision-making for both internal and external users. An accounting information system has two main components: financial accounting system. This is to record transactions, categorize and summarize, interpret financial statements such as income statements, etc., and the management accounting system. which presents financial information to management for decision making, such as cost accounting, budget

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