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BUSINESS PROCESSES
An accounting information system must capture, The accounting information system comprises the
record, and process all financial transactions. No processes, procedures, and systems that capture
matter the form of those business transactions, the accounting data from business processes; record the
accounting information system must identify the accounting data in the appropriate records; process
transactions to record, capture all the important the detailed accounting data by classifying,
details of the transaction, properly process the summarizing, and consolidating; and report the
transaction details into the correct accounts, and summarized accounting data to internal and external
provide reports externally and internally. Many types users.
of transactions that result from business processes
must be captured, recorded, and reported.
IT ENABLEMENT OF BUSINESS PROCESSES