1. What is accounting?

Accounting is similar to a big machine that you put raw

financial information into records of all your business
transactions, taxes, projections, etc. that then spit out an easy to
understand story about the financial state of your business.
Technically it is how your business records, organizes and
understands its financial information.

2. What is information?
Information is could be a data, text that is facts provided or
learned about something or someone.

3. What is system?
A system is similar to a method on which a set of things
working together as part of a mechanism or an interconnecting
network.

4. What is accounting information system?

Based on the individual definition of the word accounting,
information and system, an accounting information system is a
system of collecting data, storing and processing financial and
accounting data that could be useful in decision making.