An accounting information system should be designed to provide information that is useful must be relevant, accurate, timely.
In an accounting information system (AIS), financial and accounting data are gathered, stored, and processed for internal users to disclose information to creditors, investors, and tax authorities.
In general, accounting activity tracking uses information technology resources and is computer-based.
An AIS combines cutting-edge information technology resources with conventional accounting techniques, such as the use of Generally Accepted Accounting Principles (GAAP).
Different components crucial to the accounting cycle can be found in an accounting information system.
A typical AIS includes data about revenue, expenses, customer information, employee information, and tax information, although the information in a system varies by industry and firm size.
Sales orders, analysis reports, purchase orders, invoices, check registers, inventory, payroll, ledger, and trial balance are some examples of specific data.
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