Lesson Proper and Learning Activities

Information Technology plays an integral role in every industry, helping companies improve business
processes,achieve cost efficiencies, drive revenue growth and maintain a competitive advantage in the marketplace.
Withthe introduction of computers, the business world was changed forever. Using computers and
software,businesses use information technology to ensure their departments run smoothly. They use
informationtechnology in a number of different departments including human resources, finance, manufacturing,
andsecurity.

Accounting Information System

The Accounting Information System consists of the records and methods used to initiate, identify,
analyze,classify, and record the organization’s transactions and to account for the related assets and
liabilities.The quality of information is that the accounting information system generates impacts
management’sability to take actions and make decisions in connection with the organization’s operations and
toprepare reliable financial statements. An effective accounting information system will:
Identify and record all valid financial transaction
Provide timely information about transactions in sufficient detail to permit proper classification andfinancial
reporting
Accurately measure the financial value of transactions so their effects can be recorded in financialstatements
Accurately record transactions in the time period in which they occurred