What is accounting information system

An accounting information system (AIS) is a structure that a business uses to collect, store, manage, process, retrieve, and
report its financial data so it can be used by accountants, consultants, business analysts, managers, chief financial officers
(CFOs), auditors, regulators, and tax agencies.

What is an example of an accounting information system?

Any technical tool that facilitates the collection, organization, storage, and retrieval of financial data can be part of an
accounting information system. Examples include payroll and time-tracking platforms, invoicing systems, payment
processing systems, accounting software, and IT hardware and infrastructure.

Main features of accounting information system

*To meet the statutory reporting needs of an organization,

*To provide reliable accounting information to different users, and
*To protect the organization from the possible risks stemming from abuse of accounting data or of the
systems itself.

Components of accounting information system

People, Data, Software, Procedure, Information Technology and Internal Controls.

What are 3 important functions does AIS perform in an organization?

The three basic functions of an accounting information system are to collect and process data, to report for the management,
and to maintain accuracy and security.

Accounting information system purposes

Automatic identification systems (AIS) transponders are designed to be capable of providing position, identification and
other information about the ship to other ships and to coastal authorities automatically